Hindalco Industries subsidiary, Novelis, is expected to face margin pressures due to factors such as weak demand in the building and construction segment, destocking in the can segment, and low aluminum prices. Kotak Institutional Equities maintains an add rating for Hindalco s shares, but believes that the stock will remain under pressure in the near term. Novelis is projected to have earnings before interest, tax, depreciation, and amortization of $444 per tonne in 2023-24 and $475 per tonne in 2024-25. The demand for cans is expected to remain weak, but the automobile segment continues to show strength.
Tata Steel Limited (TATLY) CEO T V Narendran on Q1 2023 Results - Earnings Call Transcript seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
Tata Steel Limited (OTC:TATLY) Q4 2022 Earnings Conference Call May 04, 2022 2:30 AM ET Company Participants Samita Shah - VP of Corporate Finance, Treasury and Risk Management T.V.
Jindal Steel and Power (JSPL) emerging as the highest bidder for developing the western dock of Paradip Port would mark the firm’s foray into the ports and shipping sector. The move is akin to that of other steel manufacturers who are betting big on captive ports and shipping to reduce logistics costs. The Naveen Jindal-led .