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Hindalco Industries Ltd (HALC.NS)

HALC.NS on National Stock Exchange of India

192.00INR
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Latest Key Developments (Source: Significant Developments)

Novelis enters joint venture with Kobe Steel in South Korea
Tuesday, 9 May 2017 10:00pm EDT 

May 9 (Reuters) - Novelis Inc :Novelis enters joint venture with Kobe Steel In South Korea.Novelis says JV, to be named Ulsan Aluminum will be formed by selling Kobe Steel 50 percent of interest in its Ulsan, South Korea facility for $315 million.Novelis and Kobe Steel will jointly own and operate Ulsan facility, with each remaining responsible for its metal supply and commercial relationships.Novelis says joint venture transaction is expected to close in september 2017.  Full Article

Hindalco Industries says QIP priced at 189.45 rupees/share
Wednesday, 8 Mar 2017 12:36am EST 

Hindalco Industries Ltd :Says approved issue price for qip at inr 189.45 per equity share.  Full Article

Novelis Inc says Q3 sales fell 2 pct to $2.3 billion
Tuesday, 7 Feb 2017 07:10am EST 

Novelis Inc : Novelis Inc - qtrly net income of $63 million; excluding special items in both periods, net income more than doubled yoy to $67 million . Novelis Inc - expects full year fiscal 2017 free cash flow to be on high end of its previously guided range of $300 million to $350 million .Novelis Inc - Q3 sales fell 2 percent to $2.3 billion.  Full Article

USW calls on Novelis to drop legal challenges, bargain contract
Monday, 29 Aug 2016 01:29pm EDT 

USW:USW calls on Novelis Corp to drop legal challenges, bargain contract.  Full Article

Hindalco Industries June-qtr profit rises almost fivefold
Friday, 12 Aug 2016 03:45am EDT 

Hindalco Industries Ltd : June-quarter net profit 2.94 billion rupees . June-quarter income from operations 75.97 billion rupees . Consensus forecast for June-quarter net profit was 2.18 billion rupees . Net profit in June-quarter last year was 611 million rupees as per Ind-AS; income from operations was 85.75 billion rupees . Q1 copper production was lower owing to planned maintenance shutdown; post shut down, plant is ramping up smoothly . Macroeconomic headwinds still persist and the uncertain global macro factors pose several challenges . High level of imports continue to impact domestic sales volumes . Continued strong imports of aluminium in country also adversely affected Q1 results .  Full Article

Metal X announces Hindalco as substantial shareholder
Monday, 8 Aug 2016 11:57pm EDT 

Metals X Ltd : Hindalco exits Metals X register . Says Hindalco Industries became a substantial shareholder of Metals X with a 6.81% stake . The 100% takeover of aby will be completed on 28 August 2016 . Forging ahead with both its gold and base metal business units with an intent to separate these into special purpose listed entities in the ensuing future . Says Hindalco has sold its entire shareholding by block trade and retains no residual shareholding in Metals X .  Full Article

Hindalco Industries FY16 consol profit 448.1 mln rupees
Thursday, 21 Jul 2016 03:01am EDT 

Hindalco Industries Ltd : FY16 consol net profit 448.1 million rupees . FY16 consol net sales 994.20 billion rupees .Consensus forecast for june-quarter net profit was 2.18 billion rupees.  Full Article

Novelis Inc says Devinder Ahuja will receive an annual base salary of $500,000
Thursday, 9 Jun 2016 03:13pm EDT 

Novelis Inc :Devinder ahuja will receive an annual base salary of $500,000.  Full Article

Chartered Logistics gets contracts worth about 200 mln rupees from ITC & Hindalco
Friday, 6 May 2016 04:18am EDT 

Chartered Logistics Ltd : Chartered Logistics bags contracts from ITC & Hindalco worth about 200 million rupees .  Full Article

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