Page 6 - Hindalco
Aluminium, Copper twin triggers for Hindalco, Novelis a key positive
The copper segment, too, did well, maintaining its profitability helped by improving by-product realisations and raising continuous cast rod (CCR) production
 "Aluminium, Copper twin triggers for Hindalco, Novelis a key positive")
Aluminium drives Q1 profits for Hindalco; copper segment stays profitable
Stable plant operations and better realisations help aluminium segment profits
 "Aluminium drives Q1 profits for Hindalco; copper segment stays profitable")
Hindalco Q1 PAT at Rs 4.13 bn, up 30% YoY on better operational performance
Utkal Alumina earnings lend firm support to company's earnings
K M Birla eyes US' Aleris, but he might have to climb the Trump wall first
Kumar Mangalam Birla, who leads the Aditya Birla Group, noted that President Trump is unpredictable. 'We don't know how he thinks,' he said
 "K M Birla eyes US' Aleris, but he might have to climb the Trump wall first")
Why Hindalco's Aleris deal details should calm nerves in the market
Deal valuation, likely operating profit of $360 mn better than expectations
 "Why Hindalco's Aleris deal details should calm nerves in the market")
Hindalco's subsidiary Novelis to acquire US firm Aleris for $2.58 bn
Aleris is a global supplier of aerospace and automotive aluminium rolled products
Hindalco records sharpest intra-day fall in 11 months; stock slips 8%
The stock hit 52-week low of Rs 195, falling 8% in intra-day deal, its sharpest intra-day decline since August 11, 2017 on the BSE.
Any fall in Hindalco's stock price could be a good entry point: Analysts
The aluminium segment with 11.5 per cent improvement in operating profit at Rs 12.65 bn helped drive overall operating profit to Rs 18.1 bn, higher than the Rs 17.9 bn in the year-ago quarter
Hindalco builds many brands out of one
The Aditya Birla Group flagship repackages its metals portfolio for a varied and global audience
 "Hindalco builds many brands out of one")
Hindalco rolls up the value chain
Rising aluminium prices are strengthening the metals producer's focus on adding value, from bauxite mining to value-added products
 "Hindalco rolls up the value chain")
Hindalco surges 7% as Novelis reports strong Q1 results
surges 7% to Rs 245, also its 52-week high on BSE in early morning trade
 "Hindalco surges 7% as Novelis reports strong Q1 results")
Fund managers turn bullish on Hindalco
Turnaround at US-based arm Novelis, stability in prices and a good demand scenario are the reasons
 "Fund managers turn bullish on Hindalco")
Hindalco sees stellar gains in FY17 on better business, price rebound
Hindalco raised Rs 3,350 crore leading to a stronger balance sheet
 "Hindalco sees stellar gains in FY17 on better business, price rebound")
Hindalco to set up Rs 150 crore solar park in Odisha
Aditya Birla Group owned Hindalco Industries is planning to set up a 24 Mw solar power plant within the premises of its aluminium plant at Lapanga in Sambalpur district." The 24 Mw solar plant planned by Hindalco will come up at its campus in Sambalpur. The company intends to invest Rs 150 crore in the project to be spread over 120 acres of land available with the company", said a government official.The power produced is likely to utilized by the company as renewable purchase obligation (RPO). The company has applied to the investment promotion agency- Industrial Promotion & Investment Corporation of Odisha Ltd (Ipicol) for approving the project. Ipicol has sought the clearance of the project from Green Energy Development Corporation of Odisha Ltd (Gedcol), the nodal agency for implementation of renewable energy in the state, he added.Hindalco runs the smelter-power plant complex at Lapanga in Sambalpur with an annual capacity of 360,000 tonnes supported by a 900 Mw (6 x 150) ...
 "Hindalco to set up Rs 150 crore solar park in Odisha")
Hindalco raises Rs 3,350 cr via issue of shares to QIBs
The company had set floor price at Rs 184.45 per share for raising funds through QIP on March 2
 "Hindalco raises Rs 3,350 cr via issue of shares to QIBs")
Hindalco offers Rs 3,300-cr worth new shares
The share sale would lead to a dilution of 7.9% to 8.1% of post issue capital
Strong profit points to more gains for Hindalco
After better-than-expected operating performance by Novelis, local operations post good gains
 "Strong profit points to more gains for Hindalco")
Hindalco dip is a chance to buy
Despite recent fall in aluminium prices, expected improvement in profitability and debt reduction keep Street bullish
 "Hindalco dip is a chance to buy")
Aluminium segment shines for Hindalco
Improving profit, higher free cash flows will help retire debt
 "Aluminium segment shines for Hindalco")
Hindalco net soars fourfold to Rs 294 cr even as revenue drops
Net sales fell 13% at Rs 7,597 cr due to weakness in copper business
 "Hindalco net soars fourfold to Rs 294 cr even as revenue drops")
