Hindalco shares are up 32 per cent in the last six months. Nuvama Institutional Equities has upped its FY25 and FY26 consolidated Ebitda estimates by 13 per cent and 12 per cent, respectively.
Novelis Inc has confidentially submitted a draft registration statement on form F-1 with the SEC relating to the proposed primary stake sale of its common shares.
Hindalco Industries Q3 Results: Revenue from operations in the third quarter fell marginally to Rs 52,808 crore from with Rs 53,151 crore in the same quarter of last year.
US-based Novelis Inc – a subsidiary of the company - said that the company will now spend $4.1 billion on the integrated rolling and recycling plant to be set up in Bay Minette in the US, up a staggering 65% from the previously announced capex of $2.7-$2.8 billion.
Hindalco Industries, incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 129709.34 Crore) operating in Metals - Non Ferrous sector.