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The Latest Breaking News from Hindalco

SC closes criminal case against former PM Manmohan Singh in coal block allocation case

The Supreme Court has closed a criminal case against former Prime Minister Manmohan Singh. This decision follows the acceptance of a closure report filed by the CBI. The court found no reason for the trial court judge to reject the CBI's findings. Industrialist Kumar Mangalam Birla and ex-coal secretary P…

The Economic Times

Hindalco lines up potential Rs 1 lakh cr investment in India

Hindalco Industries plans a substantial Rs 50,000 crore investment over three years. An additional Rs 50,000 crore in growth opportunities is currently being evaluated. These investments will significantly enhance capacities across its upstream and downstream businesses. The company is scaling up its copper and aluminum operations to meet rising domestic…

The Economic Times

Adani storms Hindalco-Vedanta duopoly with Rs 1.1 lakh crore gambit

Gautam Adani's $11.5 billion aluminium joint venture with IHC marks his biggest bet yet on India's industrial future. Rather than challenging Hindalco and Vedanta directly, Adani is targeting soaring aluminium demand driven by manufacturing, renewable energy and infrastructure, aiming to build a fully integrated metals business and reshape India's aluminium…

The Economic Times

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India to require 500,000 tonnes of additional copper refining capacity every five years: ICA India

India's refined copper demand is set to surge, requiring an additional 500,000 tonnes of capacity every five years. Despite planned expansions, domestic production will remain insufficient to meet this growing need. Robust economic progress, infrastructure development, and the clean energy transition are fueling this demand, with building construction and renewables…

The Economic Times

Coal block 'scam': Delhi court discharges Hindalco

A Delhi court has discharged Hindalco Industries and two former executives in a coal block case. The court found no evidence of illegal acts or criminal conspiracy. The Central Bureau of Investigation (CBI) failed to prove criminal breach of trust or cheating. The court stated that the allocation letter did…

The Economic Times

Hindalco, Nalco shares jump up to 5% after aluminium prices hit 4-year high. Where is metal headed?

Hindalco and Nalco shares climbed as aluminium prices hit a four-year peak. Geopolitical tensions in Iran and possible production curbs in China, the world's top producer, are driving the rally. Traders are concerned about China's review of energy consumption and emissions. This situation tightens global supply, benefiting Indian aluminium producers.…

The Economic Times

The aluminium boom is here: Why Morgan Stanley says Hindalco is set to explode

Morgan Stanley initiated coverage on Hindalco Industries with an ‘Overweight’ rating and a target price of Rs 1,325, citing a favourable aluminium demand-supply outlook, strong free cash flow generation and India’s multi-year growth cycle. The brokerage believes Hindalco is well positioned for margin expansion and long-term value unlocking.

The Economic Times

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Stocks in news: Premier Energies, Suzlon Energy, Paytm, Hindalco, ONGC

Indian markets saw a strong rebound on Monday. The Nifty index surpassed 24,000 and is expected to move higher. Premier Energies saw a large promoter stake sale. Suzlon Energy reported its Q4 results. ONGC is expanding its partnership with BP. IRFC entered metro rail financing. Paytm is investing in its…

The Economic Times

Hindalco sees 5% rise in raw material costs, stays confident on key customers

Hindalco anticipates a 5% rise in raw material costs. The company is confident in keeping clients like Ford Motor Company. Subsidiary Novelis expects 2027 to be a key year for growth in aluminium can sheet production. Despite disruptions at Novelis' Oswego plant, Hindalco's India business achieved record profits.

The Economic Times

Hindalco shares decline 2% as Q4 profit falls 51%. Here’s what Nuvama and other brokerages said

Hindalco Industries' shares dipped after reporting a 51% YoY decline in net profit to Rs 2,597 crore for the March quarter, despite a 20% rise in consolidated revenue to Rs 78,133 crore. The company recommended a final dividend of Rs 5 per share. Analysts remain cautiously optimistic, with some raising…

The Economic Times

Stocks in news: Suzlon Energy, Wipro, Hindalco, ICICI Bank, Eicher Motors

Indian markets closed with small gains amidst a volatile week. Investors will watch global economic news and policy comments. The RBI's dividend transfer will impact liquidity and government spending. Suzlon Energy, Wipro, Hindalco, ICICI Bank, and Eicher Motors are in focus. Companies like Suzlon Energy, RVNL, and Pine Labs will…

The Economic Times

Hindalco Q4 Results: Profit falls 51% YoY to Rs 2,597 crore; co declares Rs 5 dividend

Hindalco Q4 Results: Hindalco on Friday reported a 51% year-on-year (YoY) decline in its consolidated net profit at Rs 2,597 crore in the fourth quarter, compared with Rs 5,283 crore in the last year quarter.

The Economic Times

Stocks in news: ITC, LIC, Sun Pharma, Maruti Suzuki, Fino Payments Bank

Benchmark indices experienced a negative close on Thursday, marked by volatile trade and profit booking. Analysts anticipate the Nifty to continue its consolidation between 23,200 and 23,900. Several companies, including ITC, LIC, Sun Pharma, Maruti Suzuki, and Fino Payments Bank, are in focus due to Q4 results and other developments.

The Economic Times

Sensex reshuffle announcement on Friday: Trent may give way to Hindalco or Shriram Finance

BSE is set to announce its semi-annual Sensex reshuffle on Friday. Nuvama Alternative & Quantitative Research predicts Trent's exit due to a slide in free-float market capitalization. Hindalco Industries or Shriram Finance are the likely replacements, with Hindalco potentially having a higher chance of inclusion.

The Economic Times

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The Economic Times

Stocks in news: Lenskart, Apollo Hospitals, ZEE, BPCL, Hindalco

Indian markets navigated a sideways trend, with analysts urging caution until the 24,000 mark is reclaimed. Key stocks like Lenskart, Apollo Hospitals, ZEE, BPCL, and Hindalco are in focus due to Q4 results and news. BEL reported a profit rise, while ZEE saw a net loss. Maruti Suzuki expanded production…

The Economic Times

India's top copper producers like Adani, Vedanta and Hindalco oppose inclusion of scrap-based rods in standards

In a major dispute, leading copper producers like Adani and Vedanta are opposing the inclusion of copper wire from secondary refiners in government quality standards, based on the argument that products made from scrap pose safety risks due to inconsistent purity. This standoff impacts a significant portion of copper wire…

The Economic Times

Jio Financial, ITC Hotels and Manappuram Finance among stocks bought and sold by mutual funds in April

Mutual funds injected Rs 30,600 crore into Indian equities in April, with significant buying in ICICI Bank, SBI, and Sun Pharma. Key reductions were observed in Wipro, HDFC Bank, and Hindalco Industries across large, mid, and smallcap segments. This active portfolio management reflects ongoing strategic shifts by fund managers.

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