Birla group co Novelis to raise $1.6 bn via bonds
The bonds are likely to have eight-to-ten year maturity, and the issue is open for subscriptions in the US, three people with direct knowledge of the matter told ET.
Hindalco a compelling investment case, says HSBC
The management clearly stated its intention not to infuse further capital in Idea.
Novelis cushions Hindalco Q2 performance
Aluminium business reports a 38% year-on-year drop in Ebitda to Rs 849 crore.
European Commission clears Novelis' acquisition of Aleris, with conditions
The Belgian plant of Aleris, another US-based aluminium rolled products major produces aluminium for the automotive and specialty markets.
Novelis to step in to clear the air over Aleris deal: Satish Pai, MD, Hindalco
The European Commission, the EU’s executive branch has a deadline up till October 7 to decide on its investigation into the deal.
Stocks in the news: Wipro, IndusInd Bank, Hindalco, Religare Enterprises and Vodafone Idea
The Blackstone Group will invest up to Rs 380 crore in Allcargo Logistics’ warehousing business.
EU antitrust regulators' move could hurt Hindalco
However, from an overall cash flow perspective, the company’s stock may not be highly impacted.
Novelis show drives Hindalco Q3: Key takeaways
The consolidated figures include standalone figures of Hindalco as well as Utkal Alumina.
Novelis to pump in $175 million to expand aluminum production
The expansion of the company's facility in South America will benefit its beverage and specialty customers by bolstering capacity with 100 kilotonnes of additional rolling production and 60 kilotonnes of increased recycling.
Novelis to buy downstream aluminium producer Aleris in $2.58 billion deal
Hindalco on Thursday announced that it will acquire downstream aluminium producer Aleris for $2.58 billion through its wholly-owned subsidia...
Novelis posts 10% increase in net profit in Q1
The US subsidiary of homegrown aluminium and copper major reported a net income of $113 million as compared to $103 million during the sane period last year. Adjusted EBITDA per tonne reported an increase of 13% at $417.
Hindalco's arm Novelis Q1 profit up 10% at $113 million
The company had reported a net income of $103 million in the same period last year.
Hindalco arm Novelis to buy US-based Aleris in $2.58 billion deal
Aleris buyout to be earnings accretive from next fiscal year: KM Birla, Aditya Birla Group.
Novelis lines up $300 million for US aluminium plant
The project is expected to get commissioned by 2020 and will have a capacity of 200,000 tonnes to prepare aluminium for vehicle parts.
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