News

The objective of the acquisition is to develop and operate captive power generation plant

This will be the company’s second alumina refining facility in the Rayagada district of Odisha

The agreement is for the supply of 100 MW of RTC renewable energy to Hindalco’s smelter plants in Odisha

Total consolidated income of the company increased 6.07% at Rs 53517 crore for Q3FY23

Total consolidated income of the company increased by 39.89% at Rs 58,229 crore for Q1FY23

The companies have entered into strategic alliance to develop and manufacture world-class aluminium rail wagons and coaches

The arrangement covers the development of 375-400 MW of solar and wind capacity

The Capital Raising Committee of the Board of Directors of the company at its meeting held on January 10, 2023, approved the same

The company is investing Rs 800 crore to build a new plant near Sambalpur in Odisha

Consolidated total income of the company increased by 8.50% at Rs 59,278 crore for Q2FY25

Under the contract, Novelis will supply aluminum sheet to Ball can making plants in North America

The tie-up provides Hindalco the launching pad to drive the ambitious upgradation programme of Indian Railways that runs the world’s largest rail network

Total consolidated income of the company decreased by 0.80% at Rs 53,088 crore for Q3FY24

Total consolidated income of the company decreased by 3.31% at Rs 54,632 crore for Q2FY24

Total consolidated income of the company increased by 10.95% at Rs 58899 crore for Q3FY25

Total consolidated income of the company increased by 17.57% to Rs 56,504 crore for Q2FY23

It is the third Hindalco facility and first Alumina refinery in India to achieve ASI Certification

The Capital Raising Committee of the Board of Directors of the company has on January 18, 2023 approved allotment of the same

As per the MOU, Phinergy and IOP will partner exclusively with Hindalco in India, on R&D and pilot production of aluminium plates for Aluminium-Air batteries

The said acquisition is a strategic move designed primarily to expand the company’s global footprint for its downstream portfolio

The proposed acquisition aims to meet the company’s strategic objective of securing resources for its aluminium smelters

The company has planned to invest Rs 45,000 crore for the next generation high precision engineered products

The consolidated total income of the company increased by 16.39% at Rs 65,590 crore for Q4FY25

The partnership leverages the capabilities, market presence, and industry knowledge of the respective parties

The company plans to introduce three more designs of freight wagons in the coming months targeting specific end-use applications

Novelis has found potential investment opportunities of $4.5 billion

The new investment aims to further enhance the company’s presence and boost the local economy

Total income of the company increased by 0.27% at Rs 56209 crore for Q4FY23

The company has also unveiled its state-of-the-art dedicated EV component manufacturing facility in Chakan, Pune

This strategic acquisition marks a significant investment in specialty alumina, a key step in scaling its high-value, technology-led materials portfolio

The allocation of the Meenakshi mine aligns with Hindalco’s strategy to reduce operating costs and boost energy self-sufficiency