HINDALCO
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India's Hindalco drops on Novelis woes, capex blowout concerns
** Hindalco Industries HALC.NS stock drops 6.4% to 778.1 rupees
** Subsidiary Novelis' September-quarter adjusted EBITDA falls 9% YoY; raises greenfield plant capex guidance to $5 bln
** Fire at Novelis' New York plant to impact Hindalco's cash flow by $550-650 mln
** Ambit cites "litany of concerns after another capex blowout"
** Jefferies notes Novelis' net debt at 21-quarter high, set to rise further with higher capex amid rising aluminium prices, fire impact
** Hindalco to report earnings on November 7
** Trading volume at 9.2 mln shares in <1 hour, nearly 2x 30-day avg
** 27 analysts, on avg, rate HALC "buy"; median PT at 775 rupees - data compiled by LSEG
** YTD, HALC up 29%
(Reporting by Vivek Kumar M)
(([email protected];))
** Hindalco Industries HALC.NS stock drops 6.4% to 778.1 rupees
** Subsidiary Novelis' September-quarter adjusted EBITDA falls 9% YoY; raises greenfield plant capex guidance to $5 bln
** Fire at Novelis' New York plant to impact Hindalco's cash flow by $550-650 mln
** Ambit cites "litany of concerns after another capex blowout"
** Jefferies notes Novelis' net debt at 21-quarter high, set to rise further with higher capex amid rising aluminium prices, fire impact
** Hindalco to report earnings on November 7
** Trading volume at 9.2 mln shares in <1 hour, nearly 2x 30-day avg
** 27 analysts, on avg, rate HALC "buy"; median PT at 775 rupees - data compiled by LSEG
** YTD, HALC up 29%
(Reporting by Vivek Kumar M)
(([email protected];))
Hindustan Construction Company Wins 2.04 Billion Rupees Hindalco Contract
Oct 10 (Reuters) - Hindustan Construction Company HCNS.NS:
WINS 2.04 BILLION RUPEES HINDALCO CONTRACT
Source text: ID:nBSEbDmJ96
Further company coverage: HCNS.NS
(([email protected];))
Oct 10 (Reuters) - Hindustan Construction Company HCNS.NS:
WINS 2.04 BILLION RUPEES HINDALCO CONTRACT
Source text: ID:nBSEbDmJ96
Further company coverage: HCNS.NS
(([email protected];))
India's Hindalco falls after fire halts production at US unit
** Shares of Hindalco HALC.NS fall ~1% to 744.50 rupees
** The miner said a fire halts production at aluminium recycling unit Novelis in Oswego, New York
** Co says the incident occurred on September 16 and no injuries were reported
** HALC, the second-heaviest stock in the Nifty Metal index .NIFTYMET with a 16% weight, drags the sub-index down 0.3%
** Last month, U.S. unit Novelis reported a 36% Y/Y fall in first-quarter net profit to $96 million due to higher scrap metal prices
** Twenty-seven analysts covering HALC have a "buy" rating on avg; median PT is 744.50 rupees - data compiled by LSEG
** YTD, Hindalco stock has gained 23%, outperforms metals index's .NIFTYMET 14.2% climb
(Reporting by Urvi Dugar)
** Shares of Hindalco HALC.NS fall ~1% to 744.50 rupees
** The miner said a fire halts production at aluminium recycling unit Novelis in Oswego, New York
** Co says the incident occurred on September 16 and no injuries were reported
** HALC, the second-heaviest stock in the Nifty Metal index .NIFTYMET with a 16% weight, drags the sub-index down 0.3%
** Last month, U.S. unit Novelis reported a 36% Y/Y fall in first-quarter net profit to $96 million due to higher scrap metal prices
** Twenty-seven analysts covering HALC have a "buy" rating on avg; median PT is 744.50 rupees - data compiled by LSEG
** YTD, Hindalco stock has gained 23%, outperforms metals index's .NIFTYMET 14.2% climb
(Reporting by Urvi Dugar)
India's Hindalco jumps, analysts see higher aluminium prices supporting margins
** Shares of aluminium and copper producer Hindalco Industries HALC.NS rise 5% to 700.20 rupees
** Brokerage Jefferies says higher aluminium prices to support India aluminium margins for HALC, but Novelis margins to remain under pressure amid weak auto demand and US tariffs
** CLSA says medium-term outlook is robust with high captive coal sourcing, downstream volume, alumina sales and expansion of copper recycling projects
** Adds, Q2 profitability is likely to be impacted by a rise in costs but should be partly offset by higher metal prices
** HALC posted a 30.3% Y/Y rise in consol net profit at 40.04 bln rupees ($457 mln) for Q1
** HALC up ~16% YTD
($1 = 87.6187 Indian rupees)
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of aluminium and copper producer Hindalco Industries HALC.NS rise 5% to 700.20 rupees
** Brokerage Jefferies says higher aluminium prices to support India aluminium margins for HALC, but Novelis margins to remain under pressure amid weak auto demand and US tariffs
** CLSA says medium-term outlook is robust with high captive coal sourcing, downstream volume, alumina sales and expansion of copper recycling projects
** Adds, Q2 profitability is likely to be impacted by a rise in costs but should be partly offset by higher metal prices
** HALC posted a 30.3% Y/Y rise in consol net profit at 40.04 bln rupees ($457 mln) for Q1
** HALC up ~16% YTD
($1 = 87.6187 Indian rupees)
(Reporting by Vijay Malkar)
(([email protected];))
Hindalco Industries Q1 Consol Net Profit At 40.04 Billion Rupees
Aug 12 (Reuters) - Hindalco Industries Ltd HALC.NS:
HINDALCO INDUSTRIES Q1 CONSOL NET PROFIT 40.04 BILLION RUPEES; IBES EST. 38.33 BILLION RUPEES
HINDALCO INDUSTRIES Q1 CONSOL REVENUE FROM OPERATIONS 642.32 BILLION RUPEES; IBES EST. 597.17 BILLION RUPEES
Further company coverage: HALC.NS
(([email protected];))
Aug 12 (Reuters) - Hindalco Industries Ltd HALC.NS:
HINDALCO INDUSTRIES Q1 CONSOL NET PROFIT 40.04 BILLION RUPEES; IBES EST. 38.33 BILLION RUPEES
HINDALCO INDUSTRIES Q1 CONSOL REVENUE FROM OPERATIONS 642.32 BILLION RUPEES; IBES EST. 597.17 BILLION RUPEES
Further company coverage: HALC.NS
(([email protected];))
Novelis Announces Pricing Of Offering Of Senior Notes Due August 2033
Aug 12 (Reuters) - Novelis Corp [RIC:RIC:NVLXC.UL]:
NOVELIS ANNOUNCES PRICING OF OFFERING OF SENIOR NOTES DUE AUGUST 2033
NOVELIS CORP - PRICED AN OFFERING OF $750 MILLION AGGREGATE PRINCIPAL AMOUNT OF 6.375% SENIOR NOTES DUE IN AUGUST 2033
Source text: ID:nPnB7bCza
Further company coverage: NVLXC.UL
(([email protected];))
Aug 12 (Reuters) - Novelis Corp [RIC:RIC:NVLXC.UL]:
NOVELIS ANNOUNCES PRICING OF OFFERING OF SENIOR NOTES DUE AUGUST 2033
NOVELIS CORP - PRICED AN OFFERING OF $750 MILLION AGGREGATE PRINCIPAL AMOUNT OF 6.375% SENIOR NOTES DUE IN AUGUST 2033
Source text: ID:nPnB7bCza
Further company coverage: NVLXC.UL
(([email protected];))
India to discuss impact of U.S. tariff on copper, minister says
July 9 (Reuters) - India will discuss the impact of U.S. tariff on copper, mines minister Kishan Reddy said at an event in New Delhi on Wednesday.
(Reporting by Neha Arora in New Delhi; Editing by Sumana Nandy)
(([email protected]; +91 8921483410;))
July 9 (Reuters) - India will discuss the impact of U.S. tariff on copper, mines minister Kishan Reddy said at an event in New Delhi on Wednesday.
(Reporting by Neha Arora in New Delhi; Editing by Sumana Nandy)
(([email protected]; +91 8921483410;))
India's Hindalco logs biggest weekly gain in nearly four months
** Indian copper and aluminum producer Hindalco HALC.NS up 7.4% this week, its biggest weekly gain since early March
** Earlier this week, co said it will acquire U.S.-based specialty alumina firm AluChem Companies, for an enterprise value of $125 million
** Co's specialty alumina business delivered consistent double-digit growth in recent years and has emerged as high-growth, high-margin business for co- HALC
** Stock rated "buy" on avg, median PT at 746 rupees - LSEG data
** HALC up 0.8% on the day; it has gained ~15% so far this year
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Indian copper and aluminum producer Hindalco HALC.NS up 7.4% this week, its biggest weekly gain since early March
** Earlier this week, co said it will acquire U.S.-based specialty alumina firm AluChem Companies, for an enterprise value of $125 million
** Co's specialty alumina business delivered consistent double-digit growth in recent years and has emerged as high-growth, high-margin business for co- HALC
** Stock rated "buy" on avg, median PT at 746 rupees - LSEG data
** HALC up 0.8% on the day; it has gained ~15% so far this year
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
Hindalco Industries To Buy 100% Stake In Aluchem Companies
June 24 (Reuters) - Hindalco Industries Ltd HALC.NS:
HINDALCO INDUSTRIES LTD - TO BUY 100% STAKE IN ALUCHEM COMPANIES
HINDALCO INDUSTRIES LTD - DEAL ENTERPRISE VALUE IS $125 MILLION
Further company coverage: HALC.NS
(([email protected];))
June 24 (Reuters) - Hindalco Industries Ltd HALC.NS:
HINDALCO INDUSTRIES LTD - TO BUY 100% STAKE IN ALUCHEM COMPANIES
HINDALCO INDUSTRIES LTD - DEAL ENTERPRISE VALUE IS $125 MILLION
Further company coverage: HALC.NS
(([email protected];))
Street View: Lower commodity prices, Novelis risks to weigh on Hindalco's Q1FY26
** Aluminum and copper miner Hindalco HALC.NS reported fourth-quarter profit ahead of analysts' estimates on Tuesday on higher commodity prices, which led to its upstream unit posting record core profit
** Prices of commodities "slightly on the lower side currently" due to global uncertainties, CEO Satish Pai said in a post-earnings call
** Stock oscillating between gains and losses on the day, last up 0.3%
PROFITABILITY TO LIKELY TAKE A HIT IN Q1FY26
** J.P. Morgan ("overweight", hikes TP to 720 rupees from 680 rupees) says aluminum upstream core profit to drop sequentially in Q1FY26 as pricing tailwinds temper
** Nuvama ("buy", PT at 776 rupees) says Novelis earnings will likely be affected by U.S. tariffs uncertainty
** Ambit ("sell", raises TP to 660 rupees from 650 rupees) says scarp prices - a raw material for Novelis unit - will remain a headwind for co's recycling margins
** Adds U.S.-based Novelis to bear tariff costs due to can sheet imports from South Korea, Brazil and due to higher products prices in the country
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Aluminum and copper miner Hindalco HALC.NS reported fourth-quarter profit ahead of analysts' estimates on Tuesday on higher commodity prices, which led to its upstream unit posting record core profit
** Prices of commodities "slightly on the lower side currently" due to global uncertainties, CEO Satish Pai said in a post-earnings call
** Stock oscillating between gains and losses on the day, last up 0.3%
PROFITABILITY TO LIKELY TAKE A HIT IN Q1FY26
** J.P. Morgan ("overweight", hikes TP to 720 rupees from 680 rupees) says aluminum upstream core profit to drop sequentially in Q1FY26 as pricing tailwinds temper
** Nuvama ("buy", PT at 776 rupees) says Novelis earnings will likely be affected by U.S. tariffs uncertainty
** Ambit ("sell", raises TP to 660 rupees from 650 rupees) says scarp prices - a raw material for Novelis unit - will remain a headwind for co's recycling margins
** Adds U.S.-based Novelis to bear tariff costs due to can sheet imports from South Korea, Brazil and due to higher products prices in the country
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India's Hindalco beats quarterly profit view
May 20 (Reuters) - Hindalco Industries HALC.NS, one of India's largest copper and aluminium producers, reported fourth-quarter profit above analysts' estimates on Tuesday, driven by a surge in commodity prices.
Its consolidated net profit rose to 52.83 billion rupees ($618.05 million) for the quarter ended March 31. Analysts had expected, on average, 44.97 billion rupees, as per data compiled by LSEG.
($1 = 85.4790 Indian rupees)
(Reporting by Manvi Pant in Bengaluru; Editing by Janane Venkatraman)
(([email protected]; +918447554364;))
May 20 (Reuters) - Hindalco Industries HALC.NS, one of India's largest copper and aluminium producers, reported fourth-quarter profit above analysts' estimates on Tuesday, driven by a surge in commodity prices.
Its consolidated net profit rose to 52.83 billion rupees ($618.05 million) for the quarter ended March 31. Analysts had expected, on average, 44.97 billion rupees, as per data compiled by LSEG.
($1 = 85.4790 Indian rupees)
(Reporting by Manvi Pant in Bengaluru; Editing by Janane Venkatraman)
(([email protected]; +918447554364;))
India's Hindalco falls on tariff concerns for US unit Novelis
** Hindalco Industries' HALC.NS shares fall 2.4% to 636.6 rupees
** Multiple brokerages flag tariff concerns for the aluminium maker's U.S. unit Novelis
** Novelis reported core profit above analysts' expectations in the March quarter on Monday, led by better shipments
** However, co's management refrained from providing volume and margin forecast for fiscal 2026 due to tariff uncertainties
** Aluminium ingot/product imports are subject to 25% tariff in the U.S.
** This could have a quarterly impact of about $40 million on Novelis' earnings, starting from June quarter, Kotak Institutional Equities says
** Tariff uncertainties have also hurt auto demand, leading to adverse product mix for Novelis, Jefferies says
** HALC shares up 8.2% in 2025 so far, outperforming metal index .NIFTYMET and benchmark Nifty 50 .NSEI, which are up 2.4% and 4.2%, respectively, over the same period
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Hindalco Industries' HALC.NS shares fall 2.4% to 636.6 rupees
** Multiple brokerages flag tariff concerns for the aluminium maker's U.S. unit Novelis
** Novelis reported core profit above analysts' expectations in the March quarter on Monday, led by better shipments
** However, co's management refrained from providing volume and margin forecast for fiscal 2026 due to tariff uncertainties
** Aluminium ingot/product imports are subject to 25% tariff in the U.S.
** This could have a quarterly impact of about $40 million on Novelis' earnings, starting from June quarter, Kotak Institutional Equities says
** Tariff uncertainties have also hurt auto demand, leading to adverse product mix for Novelis, Jefferies says
** HALC shares up 8.2% in 2025 so far, outperforming metal index .NIFTYMET and benchmark Nifty 50 .NSEI, which are up 2.4% and 4.2%, respectively, over the same period
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
Hindalco Delivers 10,000 Aluminium Battery Enclosures To Mahindra From Facility In Chakan
April 25 (Reuters) - Hindalco Industries Ltd HALC.NS:
DELIVERS 10,000 ALUMINIUM BATTERY ENCLOSURES TO MAHINDRA FROM FACILITY IN CHAKAN
Source text: [ID:]
Further company coverage: HALC.NS
(([email protected];;))
April 25 (Reuters) - Hindalco Industries Ltd HALC.NS:
DELIVERS 10,000 ALUMINIUM BATTERY ENCLOSURES TO MAHINDRA FROM FACILITY IN CHAKAN
Source text: [ID:]
Further company coverage: HALC.NS
(([email protected];;))
Indian delegation to visit Chile seeking stake in SQM's lithium projects, source says
By Neha Arora
NEW DELHI, April 4 (Reuters) - Indian officials will visit Chile next week to discuss plans for four state companies to take a stake in two lithium projects of the world's No. 2 producer of the metal, SQM SQMA.SN, a source said.
The world's fastest-growing major economy has ramped up efforts to secure a steady supply of lithium as demand rises for the metal used in electric vehicle batteries, key to emissions reduction efforts in the world's third-largest emitter.
Government-backed Khanij Bidesh India Ltd (KABIL), Coal India COAL.NS, Oil India OILI.NS, and ONGC Videsh ONVI.NS are in talks with SQM for stakes of 20% in its Mount Holland and Andover projects in Australia, Reuters reported last week.
The Indian delegation will hold discussions with top SQM executives when it travels to Chile next week for a global copper conference, the source said, speaking on condition of anonymity as the talks were not public.
Executives from state-run Hindustan Copper HCPR.NS and leading private copper firms Hindalco Industries HALC.NS and JSW are also expected to visit Chile, the source said.
Hindustan Copper told Reuters it will send a few executives to Chile to attend the copper conference and hold other meetings.
The mines ministry, Hindalco, and JSW did not respond to emails from Reuters to seek comments.
India and Chile held talks this week to renew a preliminary pact on geology and mineral resources.
This week Chile's state-owned Codelco, the world's largest copper producer, said it would supply copper concentrates to the $1.2-billion smelter of India's Adani Group, which is the world's largest single-location plant of its kind.
Codelco has also signed a separate preliminary pact with Hindustan Copper to collaborate on exploring and processing minerals.
India's copper imports have surged since the 2018 closure of Vedanta's VDAN.NS Sterlite Copper smelter, which produced around 400,000 metric tons of the metal.
It has recently stepped efforts to strike overseas deals for access to critical minerals in resource-rich countries such as Argentina, Australia, and Chile.
New Delhi is also exploring an initial agreement with cobalt-rich Congo.
(Reporting by Neha Arora; Editing by Mayank Bhardwaj; Editing by Clarence Fernandez)
(([email protected];))
By Neha Arora
NEW DELHI, April 4 (Reuters) - Indian officials will visit Chile next week to discuss plans for four state companies to take a stake in two lithium projects of the world's No. 2 producer of the metal, SQM SQMA.SN, a source said.
The world's fastest-growing major economy has ramped up efforts to secure a steady supply of lithium as demand rises for the metal used in electric vehicle batteries, key to emissions reduction efforts in the world's third-largest emitter.
Government-backed Khanij Bidesh India Ltd (KABIL), Coal India COAL.NS, Oil India OILI.NS, and ONGC Videsh ONVI.NS are in talks with SQM for stakes of 20% in its Mount Holland and Andover projects in Australia, Reuters reported last week.
The Indian delegation will hold discussions with top SQM executives when it travels to Chile next week for a global copper conference, the source said, speaking on condition of anonymity as the talks were not public.
Executives from state-run Hindustan Copper HCPR.NS and leading private copper firms Hindalco Industries HALC.NS and JSW are also expected to visit Chile, the source said.
Hindustan Copper told Reuters it will send a few executives to Chile to attend the copper conference and hold other meetings.
The mines ministry, Hindalco, and JSW did not respond to emails from Reuters to seek comments.
India and Chile held talks this week to renew a preliminary pact on geology and mineral resources.
This week Chile's state-owned Codelco, the world's largest copper producer, said it would supply copper concentrates to the $1.2-billion smelter of India's Adani Group, which is the world's largest single-location plant of its kind.
Codelco has also signed a separate preliminary pact with Hindustan Copper to collaborate on exploring and processing minerals.
India's copper imports have surged since the 2018 closure of Vedanta's VDAN.NS Sterlite Copper smelter, which produced around 400,000 metric tons of the metal.
It has recently stepped efforts to strike overseas deals for access to critical minerals in resource-rich countries such as Argentina, Australia, and Chile.
New Delhi is also exploring an initial agreement with cobalt-rich Congo.
(Reporting by Neha Arora; Editing by Mayank Bhardwaj; Editing by Clarence Fernandez)
(([email protected];))
Chile's Codelco to supply copper concentrate to India's Adani Group-owned smelter
April 2 (Reuters) - Chile's state-owned Codelco, the world's largest copper producer, said on Wednesday it would supply copper concentrates to India's Adani Group's $1.2 billion smelter, the world's biggest single-location plant of its type.
The supply will begin this year, said Codelco, whose chairman, Maximo Pacheco, met Adani Group chairman Gautam Adani at the conglomerate's headquarters in Ahmedabad in the western state of Gujarat.
Kutch Copper, as the smelter is formally known, is also located in Gujarat and its executives had told Reuters it would source concentrates from Chile and other countries.
The smelter began operations a year ago and last month entered into a joint venture to make wires and cables.
India's copper imports have surged since the 2018 closure of Vedanta's VDAN.NS Sterlite Copper smelter, which produced about 400,000 metric tons of the metal.
Currently, only Hindalco Industries HALC.NS, part of India's Aditya Birla group, and state-run miner Hindustan Copper HCPR.NS produce copper in the country.
Codelco also separately signed a preliminary agreement with Hindustan Copper to cooperate on exploring and processing minerals.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Savio D'Souza)
(([email protected]; Mobile: +91 9591011727;))
April 2 (Reuters) - Chile's state-owned Codelco, the world's largest copper producer, said on Wednesday it would supply copper concentrates to India's Adani Group's $1.2 billion smelter, the world's biggest single-location plant of its type.
The supply will begin this year, said Codelco, whose chairman, Maximo Pacheco, met Adani Group chairman Gautam Adani at the conglomerate's headquarters in Ahmedabad in the western state of Gujarat.
Kutch Copper, as the smelter is formally known, is also located in Gujarat and its executives had told Reuters it would source concentrates from Chile and other countries.
The smelter began operations a year ago and last month entered into a joint venture to make wires and cables.
India's copper imports have surged since the 2018 closure of Vedanta's VDAN.NS Sterlite Copper smelter, which produced about 400,000 metric tons of the metal.
Currently, only Hindalco Industries HALC.NS, part of India's Aditya Birla group, and state-run miner Hindustan Copper HCPR.NS produce copper in the country.
Codelco also separately signed a preliminary agreement with Hindustan Copper to cooperate on exploring and processing minerals.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Savio D'Souza)
(([email protected]; Mobile: +91 9591011727;))
Hindalco Industries To Invest 450 Billion Rupees In Engineered Products
March 20 (Reuters) - Hindalco Industries Ltd HALC.NS:
HINDALCO INDUSTRIES LTD - UNVEILS NEW BRAND IDENTITY
HINDALCO INDUSTRIES LTD - TO INVEST 450 BILLION RUPEES IN ENGINEERED PRODUCTS
HINDALCO INDUSTRIES LTD - COLLABORATES WITH BATTERY MANUFACTURERS FOR ENERGY STORAGE
HINDALCO INDUSTRIES LTD - TO FORGE STRATEGIC ALLIANCES FOR INNOVATIONS
Source text: ID:nBSEbbtM6N
Further company coverage: HALC.NS
(([email protected];;))
March 20 (Reuters) - Hindalco Industries Ltd HALC.NS:
HINDALCO INDUSTRIES LTD - UNVEILS NEW BRAND IDENTITY
HINDALCO INDUSTRIES LTD - TO INVEST 450 BILLION RUPEES IN ENGINEERED PRODUCTS
HINDALCO INDUSTRIES LTD - COLLABORATES WITH BATTERY MANUFACTURERS FOR ENERGY STORAGE
HINDALCO INDUSTRIES LTD - TO FORGE STRATEGIC ALLIANCES FOR INNOVATIONS
Source text: ID:nBSEbbtM6N
Further company coverage: HALC.NS
(([email protected];;))
India's Hindalco gains on anti-dumping duty on aluminium foil imports from China
** Shares of Hindalco Industries HALC.NS rise about 3% to 700 rupees
** HALC is among the top gainers in the metal index .NIFTYMET, which is up 2%
** Metal index leading sectoral gains on top metals consumer China's stimulus plan and a weaker U.S. dollar
** Indian government imposes anti-dumping duty on aluminium foil imports from China up to 80 micron of width
** Directorate General of Trade Remedies (DGTR) last month recommended anti-dumping duty on select aluminium foil imports to prevent injury to domestic industry
** HALC is India's largest aluminium producer
** HALC shares up 16% in 2025 so far, outperforming the 4% rise in metal index and 4% drop in Nifty 50 .NSEI, according to exchange data
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Shares of Hindalco Industries HALC.NS rise about 3% to 700 rupees
** HALC is among the top gainers in the metal index .NIFTYMET, which is up 2%
** Metal index leading sectoral gains on top metals consumer China's stimulus plan and a weaker U.S. dollar
** Indian government imposes anti-dumping duty on aluminium foil imports from China up to 80 micron of width
** Directorate General of Trade Remedies (DGTR) last month recommended anti-dumping duty on select aluminium foil imports to prevent injury to domestic industry
** HALC is India's largest aluminium producer
** HALC shares up 16% in 2025 so far, outperforming the 4% rise in metal index and 4% drop in Nifty 50 .NSEI, according to exchange data
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
Larsen And Toubro Says L&T Minerals & Metals Business Secures Large Orders In Steel, Alumina Sectors
Feb 20 (Reuters) - Larsen and Toubro Ltd LART.NS:
LARSEN AND TOUBRO: L&T MINERALS & METALS BUSINESS SECURES LARGE ORDERS IN STEEL AND ALUMINA SECTORS
LARSEN & TOUBRO GOT ORDER WORTH BETWEEN 25 - 50 BILLION RUPEES
LARSEN AND TOUBRO LTD - ORDER FROM HINDALCO TO SET UP 850 KTPA ALUMINA REFINERY
Source text: ID:nBSE9skjdx
Further company coverage: LART.NS
(([email protected];))
Feb 20 (Reuters) - Larsen and Toubro Ltd LART.NS:
LARSEN AND TOUBRO: L&T MINERALS & METALS BUSINESS SECURES LARGE ORDERS IN STEEL AND ALUMINA SECTORS
LARSEN & TOUBRO GOT ORDER WORTH BETWEEN 25 - 50 BILLION RUPEES
LARSEN AND TOUBRO LTD - ORDER FROM HINDALCO TO SET UP 850 KTPA ALUMINA REFINERY
Source text: ID:nBSE9skjdx
Further company coverage: LART.NS
(([email protected];))
Hindalco Exec Says Co Sees Strong Growth In Beverage Packaging Sector
Feb 14 (Reuters) - Hindalco Industries Ltd HALC.NS:
HINDALCO EXEC: SEE STRONG GROWTH IN BEVERAGE PACKAGING SECTOR
HINDALCO EXEC: DO NOT SEE A SCENARIO WHERE THERE IS NO SETTLEMENT ON THE RECIPROCAL TARIFF ISSUE
Source text: [ID:]
Further company coverage: HALC.NS
(([email protected];;))
Feb 14 (Reuters) - Hindalco Industries Ltd HALC.NS:
HINDALCO EXEC: SEE STRONG GROWTH IN BEVERAGE PACKAGING SECTOR
HINDALCO EXEC: DO NOT SEE A SCENARIO WHERE THERE IS NO SETTLEMENT ON THE RECIPROCAL TARIFF ISSUE
Source text: [ID:]
Further company coverage: HALC.NS
(([email protected];;))
India's Hindalco Industries beats quarterly profit view on improved aluminium prices
Adds details, comments, share movement, CFO appointment
Feb 13 (Reuters) - Hindalco Industries HALC.NS, one of India's largest aluminium and copper producers, reported a better-than-expected third-quarter profit on Thursday, helped by higher aluminium prices.
The Aditya Birla Group-owned company's consolidated net profit surged 60.2% to 37.35 billion rupees ($429.5 million) in the quarter ended December 31.
Analysts, on average, had expected 35.73 billion rupees profit, per data compiled by LSEG.
Hindalco's India aluminium business helped mitigate the impact of lower margins at its U.S.-based unit Novelis, with aluminium prices rising for the third straight quarter in the October-to-December period.
Prices for the benchmark three-month aluminium CMAL3 and copper CMCU3 on the London Metal Exchange rose 17% and 13% in the third quarter from a year ago, respectively.
Higher commodity prices push up metal selling prices, resulting in better profit margins.
Hindalco's revenue from operations rose 10.6% to 583.90 billion rupees, while total expenses increased 7.6% to 535.63 billion rupees.
Revenue from IPO-bound aluminium recycler Novelis, which accounts for more than 56% of Hindalco's overall revenue, rose 5.2%.
"Continued strong demand for beverage packaging sheet was offset by lower automotive and specialty shipments," Novelis said on Monday.
The copper segment, the second-largest contributor to Hindalco's revenue, grew nearly 15% during the quarter, on higher copper prices.
The company named Bharat Goenka as chief financial officer, effective April 1.
Commodity price rise also helped rivals Vedanta VDAN.NS and NALCO NALU.NS to beat profit estimates for the third quarter.
Hindalco's shares closed 0.6% higher ahead of the results.
($1 = 86.9580 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru; Editing by Savio D'Souza and Mrigank Dhaniwala)
(([email protected]; +91 8697274436;))
Adds details, comments, share movement, CFO appointment
Feb 13 (Reuters) - Hindalco Industries HALC.NS, one of India's largest aluminium and copper producers, reported a better-than-expected third-quarter profit on Thursday, helped by higher aluminium prices.
The Aditya Birla Group-owned company's consolidated net profit surged 60.2% to 37.35 billion rupees ($429.5 million) in the quarter ended December 31.
Analysts, on average, had expected 35.73 billion rupees profit, per data compiled by LSEG.
Hindalco's India aluminium business helped mitigate the impact of lower margins at its U.S.-based unit Novelis, with aluminium prices rising for the third straight quarter in the October-to-December period.
Prices for the benchmark three-month aluminium CMAL3 and copper CMCU3 on the London Metal Exchange rose 17% and 13% in the third quarter from a year ago, respectively.
Higher commodity prices push up metal selling prices, resulting in better profit margins.
Hindalco's revenue from operations rose 10.6% to 583.90 billion rupees, while total expenses increased 7.6% to 535.63 billion rupees.
Revenue from IPO-bound aluminium recycler Novelis, which accounts for more than 56% of Hindalco's overall revenue, rose 5.2%.
"Continued strong demand for beverage packaging sheet was offset by lower automotive and specialty shipments," Novelis said on Monday.
The copper segment, the second-largest contributor to Hindalco's revenue, grew nearly 15% during the quarter, on higher copper prices.
The company named Bharat Goenka as chief financial officer, effective April 1.
Commodity price rise also helped rivals Vedanta VDAN.NS and NALCO NALU.NS to beat profit estimates for the third quarter.
Hindalco's shares closed 0.6% higher ahead of the results.
($1 = 86.9580 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru; Editing by Savio D'Souza and Mrigank Dhaniwala)
(([email protected]; +91 8697274436;))
India's aluminium exports to the US likely to drop due to tariffs, industry says
By Neha Arora
NEW DELHI, Feb 10 (Reuters) - India's aluminium shipments to the U.S., its top export market for the metal, will likely drop due to tariffs proposed by Washington, prompting producers to look at other markets such as Europe, industry executives and a government source said on Monday.
U.S. President Donald Trump said on Sunday he would introduce new 25% tariffs on all steel and aluminium imports into the United States in another major escalation of his trade policy overhaul. He also said he would announce reciprocal tariffs on Tuesday or Wednesday.
Those measures would drag down India's aluminium exports to the United States, affecting the profitability of Indian producers, the executives and the source said.
Although Indian aluminium producers, which include Vedanta Aluminium and Hindalco Industries HALC.NS, could look to other markets in Europe and Southeast Asia, these would take time to absorb the additional supplies, they said.
"India is one of the major exporters to the U.S. and the tariffs will have a significant impact," B.K. Bhatia, additional secretary general at the Federation of Indian Mineral Industries, the country's leading mining body, told Reuters.
"Some bilateral arrangement has to be made for concessional tariffs to ease the situation," Bhatia said.
Indian Prime Minister Narendra Modi is scheduled to meet Trump this week, and is likely to propose additional tariff cuts that could boost American exports to India and avoid a potential trade war between the two countries.
India, the world's second biggest primary aluminium producer, exported 0.2 million metric tons of aluminium to the U.S., worth 78.3 billion rupees ($894.4 million), in the year to March 2024, government data showed.
Unlike aluminium companies, India's steel producers are not expected to face significant setbacks as their supplies to the U.S. are smaller.
India could see an increase in steel shipments as other countries may divert cargoes to New Delhi due to the proposed U.S. tariffs on the alloy, they said.
The country became a net importer of steel in the 2023-24 fiscal year, and imports have steadily increased in recent months.
(Reporting by Neha Arora; Editing by Mayank Bhardwaj and Jan Harvey)
(([email protected];))
By Neha Arora
NEW DELHI, Feb 10 (Reuters) - India's aluminium shipments to the U.S., its top export market for the metal, will likely drop due to tariffs proposed by Washington, prompting producers to look at other markets such as Europe, industry executives and a government source said on Monday.
U.S. President Donald Trump said on Sunday he would introduce new 25% tariffs on all steel and aluminium imports into the United States in another major escalation of his trade policy overhaul. He also said he would announce reciprocal tariffs on Tuesday or Wednesday.
Those measures would drag down India's aluminium exports to the United States, affecting the profitability of Indian producers, the executives and the source said.
Although Indian aluminium producers, which include Vedanta Aluminium and Hindalco Industries HALC.NS, could look to other markets in Europe and Southeast Asia, these would take time to absorb the additional supplies, they said.
"India is one of the major exporters to the U.S. and the tariffs will have a significant impact," B.K. Bhatia, additional secretary general at the Federation of Indian Mineral Industries, the country's leading mining body, told Reuters.
"Some bilateral arrangement has to be made for concessional tariffs to ease the situation," Bhatia said.
Indian Prime Minister Narendra Modi is scheduled to meet Trump this week, and is likely to propose additional tariff cuts that could boost American exports to India and avoid a potential trade war between the two countries.
India, the world's second biggest primary aluminium producer, exported 0.2 million metric tons of aluminium to the U.S., worth 78.3 billion rupees ($894.4 million), in the year to March 2024, government data showed.
Unlike aluminium companies, India's steel producers are not expected to face significant setbacks as their supplies to the U.S. are smaller.
India could see an increase in steel shipments as other countries may divert cargoes to New Delhi due to the proposed U.S. tariffs on the alloy, they said.
The country became a net importer of steel in the 2023-24 fiscal year, and imports have steadily increased in recent months.
(Reporting by Neha Arora; Editing by Mayank Bhardwaj and Jan Harvey)
(([email protected];))
JSW Group to invest $301 mln in India copper mines in non-ferrous foray as steel prices dull
Adds executive comments, background in paragraphs 3 to 5
Jan 27 (Reuters) - India's steel-to-power conglomerate JSW Group will invest 26 billion rupees ($301.2 million) to set up operations at two copper mines, the company said on Monday, foraying into mining non-ferrous metals as steel prices fall.
The billionaire Sajjan Jindal-led group has won two blocks of copper mines in the eastern mineral-rich state of Jharkhand from Hindustan Copper HCPR.NS for a period of 20 years, with the option to extend it for another decade.
"Venturing into non-ferrous metals, particularly copper, is a strategic move," said Parth Jindal, the managing director of JSW Paints and the IPO-bound JSW Cement.
Steel production in India has been hit by low prices, weak demand from top consumer China and cheap Chinese steel flooding domestic markets -- the effect of which has led to the group's flagship firm JSW Steel JSTL.NS missing profit estimates for the past four quarters in a row.
With the expansion, JSW Steel will directly compete with Vedanta VDAN.NS, Hindalco HALC.NS, Hindustan Copper and Adani Copper - all of which currently dig up the brown metal used to make cables and wires.
Once ramped up, the mines will have a copper ore capacity of 3 million tonnes per annum (MTPA) and are expected to be part-operational in the second half of the fiscal year 2027, the group said in a statement.
($1 = 86.3290 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Mrigank Dhaniwala and Savio D'Souza)
(([email protected]; X: @MukherjeeHritam;))
Adds executive comments, background in paragraphs 3 to 5
Jan 27 (Reuters) - India's steel-to-power conglomerate JSW Group will invest 26 billion rupees ($301.2 million) to set up operations at two copper mines, the company said on Monday, foraying into mining non-ferrous metals as steel prices fall.
The billionaire Sajjan Jindal-led group has won two blocks of copper mines in the eastern mineral-rich state of Jharkhand from Hindustan Copper HCPR.NS for a period of 20 years, with the option to extend it for another decade.
"Venturing into non-ferrous metals, particularly copper, is a strategic move," said Parth Jindal, the managing director of JSW Paints and the IPO-bound JSW Cement.
Steel production in India has been hit by low prices, weak demand from top consumer China and cheap Chinese steel flooding domestic markets -- the effect of which has led to the group's flagship firm JSW Steel JSTL.NS missing profit estimates for the past four quarters in a row.
With the expansion, JSW Steel will directly compete with Vedanta VDAN.NS, Hindalco HALC.NS, Hindustan Copper and Adani Copper - all of which currently dig up the brown metal used to make cables and wires.
Once ramped up, the mines will have a copper ore capacity of 3 million tonnes per annum (MTPA) and are expected to be part-operational in the second half of the fiscal year 2027, the group said in a statement.
($1 = 86.3290 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Mrigank Dhaniwala and Savio D'Souza)
(([email protected]; X: @MukherjeeHritam;))
INDIA TO SIGN A PRELIMINARY MINING PACT WITH MONGOLIA SOON, GOVT SOURCE SAYS
By Neha Arora
NEW DELHI, Jan 9 (Reuters) - India is expected to sign a preliminary agreement with Mongolia soon in the area of geology and exploration, a senior Indian government official with direct knowledge of the matter said.
Landlocked Mongolia is rich in deposits of copper and coking coal, and India is mostly dependent on imports to meet rising demand for the red metal used in power, construction and electrical vehicles as well as coking coal for steelmaking.
"India's cabinet has approved the MoU (memorandum of understanding) and both countries are expected to sign it soon," the source said, declining to be identified as the deliberations are not yet public.
India's federal mines ministry did not respond to a Reuters email seeking comment.
Mongolia's Ministry of Mining and Heavy Industry did not immediately respond to a Reuters email seeking comments.
Companies such as Adani, Hindalco and Vedanta have expressed an interest in sourcing copper from Mongolia, the source said. All three companies did not respond to emails from Reuters seeking comment.
Both Indian and Mongolian officials are working out supply routes for Indian companies to source copper and coking coal, with India preferring the route from Vladivostok in Russia despite the longer distance, the official said.
"China is convenient but we prefer the route from Russia," the official said.
Relations between Asian giants India and China were strained after a deadly military clash on their disputed border in 2020 but have been on the mend since they reached an agreement in October to pull back troops from their last two stand-off points in the western Himalaya mountains.
Unlike China, India has traditionally maintained close ties with Russia.
Resource-rich Mongolia can offer superior grades of coking coal, industry officials say.
In November, India's JSW Steel JSTL.NS and state-run Steel Authority of India (SAIL) SAIL.NS were in talks with Mongolian authorities to import two shipments of coking coal, Reuters reported.
(Reporting by Neha Arora; Editing by Christian Schmollinger)
(([email protected];))
By Neha Arora
NEW DELHI, Jan 9 (Reuters) - India is expected to sign a preliminary agreement with Mongolia soon in the area of geology and exploration, a senior Indian government official with direct knowledge of the matter said.
Landlocked Mongolia is rich in deposits of copper and coking coal, and India is mostly dependent on imports to meet rising demand for the red metal used in power, construction and electrical vehicles as well as coking coal for steelmaking.
"India's cabinet has approved the MoU (memorandum of understanding) and both countries are expected to sign it soon," the source said, declining to be identified as the deliberations are not yet public.
India's federal mines ministry did not respond to a Reuters email seeking comment.
Mongolia's Ministry of Mining and Heavy Industry did not immediately respond to a Reuters email seeking comments.
Companies such as Adani, Hindalco and Vedanta have expressed an interest in sourcing copper from Mongolia, the source said. All three companies did not respond to emails from Reuters seeking comment.
Both Indian and Mongolian officials are working out supply routes for Indian companies to source copper and coking coal, with India preferring the route from Vladivostok in Russia despite the longer distance, the official said.
"China is convenient but we prefer the route from Russia," the official said.
Relations between Asian giants India and China were strained after a deadly military clash on their disputed border in 2020 but have been on the mend since they reached an agreement in October to pull back troops from their last two stand-off points in the western Himalaya mountains.
Unlike China, India has traditionally maintained close ties with Russia.
Resource-rich Mongolia can offer superior grades of coking coal, industry officials say.
In November, India's JSW Steel JSTL.NS and state-run Steel Authority of India (SAIL) SAIL.NS were in talks with Mongolian authorities to import two shipments of coking coal, Reuters reported.
(Reporting by Neha Arora; Editing by Christian Schmollinger)
(([email protected];))
India's Hindalco Industries set for worst year since 2019
** Shares of Hindalco Industries HALC.NS down 2% so far this year, on track for worst year since 2019
** Shares of the aluminium and copper producer fell most on Feb. 13, dropping 12.4%, after it missed Q3 profit estimates and analysts flagged capex concerns for its U.S. unit, Novelis
** Stock set to fall for third straight month
** HALC trading below its 50-day, 100-day, 200-day SMAs, indicating bearish sentiment
** Avg rating of 26 analysts covering the stock is "buy"; median PT 760 rupees, ~27% higher than current price - LSEG data
** India's benchmark Nifty 50 index .NSEI up over 8% YTD
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
** Shares of Hindalco Industries HALC.NS down 2% so far this year, on track for worst year since 2019
** Shares of the aluminium and copper producer fell most on Feb. 13, dropping 12.4%, after it missed Q3 profit estimates and analysts flagged capex concerns for its U.S. unit, Novelis
** Stock set to fall for third straight month
** HALC trading below its 50-day, 100-day, 200-day SMAs, indicating bearish sentiment
** Avg rating of 26 analysts covering the stock is "buy"; median PT 760 rupees, ~27% higher than current price - LSEG data
** India's benchmark Nifty 50 index .NSEI up over 8% YTD
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
Hindalco Industries Fined Under GST Regulations
Dec 27 (Reuters) - Hindalco Industries Ltd HALC.NS:
FINED UNDER GST REGULATIONS
TOTAL FINES AND PENALTY LEVIED OF 301.1 MILLION RUPEES
Source text: ID:nBSE3hkTmV
Further company coverage: HALC.NS
(([email protected];;))
Dec 27 (Reuters) - Hindalco Industries Ltd HALC.NS:
FINED UNDER GST REGULATIONS
TOTAL FINES AND PENALTY LEVIED OF 301.1 MILLION RUPEES
Source text: ID:nBSE3hkTmV
Further company coverage: HALC.NS
(([email protected];;))
Hindalco Industries Fined Under GST Regulations
Dec 26 (Reuters) - Hindalco Industries Ltd HALC.NS:
HINDALCO INDUSTRIES LTD - FINED UNDER GST REGULATIONS
HINDALCO INDUSTRIES LTD - TOTAL TAXES AND PENALTY LEVIED AT 526.7 MILLION RUPEES
HINDALCO INDUSTRIES LTD - TO FILE APPEAL AGAINST GST DEMAND
Source text: ID:nBSE2gKSKf
Further company coverage: HALC.NS
(([email protected];))
Dec 26 (Reuters) - Hindalco Industries Ltd HALC.NS:
HINDALCO INDUSTRIES LTD - FINED UNDER GST REGULATIONS
HINDALCO INDUSTRIES LTD - TOTAL TAXES AND PENALTY LEVIED AT 526.7 MILLION RUPEES
HINDALCO INDUSTRIES LTD - TO FILE APPEAL AGAINST GST DEMAND
Source text: ID:nBSE2gKSKf
Further company coverage: HALC.NS
(([email protected];))
Hindalco Industries Fined Under GST Regulations For 179.9 Mln Rupees
Dec 2 (Reuters) - Hindalco Industries Ltd HALC.NS:
HINDALCO INDUSTRIES LTD - FINED UNDER GST REGULATIONS
HINDALCO INDUSTRIES LTD - TOTAL FINES AND PENALTY LEVIED: 179.9 MILLION RUPEES
HINDALCO INDUSTRIES LTD - MANAGEMENT EXPECTS NO MATERIAL IMPACT ON FINANCIALS OR OPERATIONS
Source text: ID:nBSEc6b8zs
Further company coverage: HALC.NS
(([email protected];))
Dec 2 (Reuters) - Hindalco Industries Ltd HALC.NS:
HINDALCO INDUSTRIES LTD - FINED UNDER GST REGULATIONS
HINDALCO INDUSTRIES LTD - TOTAL FINES AND PENALTY LEVIED: 179.9 MILLION RUPEES
HINDALCO INDUSTRIES LTD - MANAGEMENT EXPECTS NO MATERIAL IMPACT ON FINANCIALS OR OPERATIONS
Source text: ID:nBSEc6b8zs
Further company coverage: HALC.NS
(([email protected];))
INDIA STOCKS-Indian shares open higher, helped by Hindalco
Corrects paragraph 1 to say only the Nifty 50 had fallen for three straight sessions, not the Nifty and Sensex
By Hritam Mukherjee
Nov 12 (Reuters) - Indian shares opened higher on Tuesday, after the Nifty 50 had fallen for three straight sessions, led by gains in metal producer Hindalco HALC.NS after it beat quarterly profit estimates, with investors also awaiting inflation data due later in the day.
The NSE Nifty 50 .NSEI was 0.3% higher at 24,207 points as of 9:16 a.m. IST, while the BSE Sensex .BSESN had gained 0.3% to 79,700.
Twelve of the 13 major sectors advanced. The broader, more domestically focussed small- .NIFSMCP100 and mid-caps .NIFMDCP100 rose 0.2% and 0.4%, respectively.
"Traders are buying the dip caused by the last three sessions. Valuations have comparatively cooled down and the negative triggers that were being brought by September-quarter earnings are also largely behind," said Aishvarya Dadheech, founder and chief executive of Fident Asset Management.
The Nifty has shed about 8% from its record high on Sept. 27, hurt by lacklustre corporate earnings and as foreign investors pulled out nearly $14 billion from domestic stocks.
On the day, aluminium producer Hindalco jumped 2%, among the most on the Nifty, after it beat second-quarter profit estimates due to higher prices.
On the flip side, Britannia BRIT.NS fell 2.5% after the biscuit maker missed second-quarter profit estimates on slowing urban demand.
India's inflation data for October, due after markets close, is expected to show an increase to a 14-month high of 5.81%, as per a Reuters poll.
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Rashmi Aich and Savio D'Souza)
(([email protected]; X: @MukherjeeHritam;))
Corrects paragraph 1 to say only the Nifty 50 had fallen for three straight sessions, not the Nifty and Sensex
By Hritam Mukherjee
Nov 12 (Reuters) - Indian shares opened higher on Tuesday, after the Nifty 50 had fallen for three straight sessions, led by gains in metal producer Hindalco HALC.NS after it beat quarterly profit estimates, with investors also awaiting inflation data due later in the day.
The NSE Nifty 50 .NSEI was 0.3% higher at 24,207 points as of 9:16 a.m. IST, while the BSE Sensex .BSESN had gained 0.3% to 79,700.
Twelve of the 13 major sectors advanced. The broader, more domestically focussed small- .NIFSMCP100 and mid-caps .NIFMDCP100 rose 0.2% and 0.4%, respectively.
"Traders are buying the dip caused by the last three sessions. Valuations have comparatively cooled down and the negative triggers that were being brought by September-quarter earnings are also largely behind," said Aishvarya Dadheech, founder and chief executive of Fident Asset Management.
The Nifty has shed about 8% from its record high on Sept. 27, hurt by lacklustre corporate earnings and as foreign investors pulled out nearly $14 billion from domestic stocks.
On the day, aluminium producer Hindalco jumped 2%, among the most on the Nifty, after it beat second-quarter profit estimates due to higher prices.
On the flip side, Britannia BRIT.NS fell 2.5% after the biscuit maker missed second-quarter profit estimates on slowing urban demand.
India's inflation data for October, due after markets close, is expected to show an increase to a 14-month high of 5.81%, as per a Reuters poll.
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Rashmi Aich and Savio D'Souza)
(([email protected]; X: @MukherjeeHritam;))
India's Hindalco Says Aluminum Imports From China Remain A Worry
Nov 11 (Reuters) - Hindalco Industries Ltd HALC.NS:
INDIA'S HINDALCO EXEC: NOVELIS IPO WILL WAIT UNTIL MARKET CONDITIONS ARE RIGHT
INDIA'S HINDALCO EXEC: NEXT FEW QUARTERS FOR NOVELIS WILL BE TOUGH
HINDALCO EXEC: DOMESTIC DEMAND OF ALUMINIUM IS VERY STRONG
HINDALCO EXEC: SEEING A LITTLE BIT OF SLOWDOWN IN AUTO
HINDALCO EXEC: SCRAP IMPORTS ARE BECOMING TOUGH
HINDALCO EXEC: ALUMINUM IMPORTS FROM CHINA REMAIN A WORRY
HINDALCO EXEC: IF U.S. FURTHER IMPOSES TARIFFS, CHINA MAY DIVERT SUPPLIES TO INDIA
HINDALCO EXEC: NEW ADMINISTRATION IN U.S. WILL BE GOOD FOR NOVELIS
Further company coverage: HALC.NS
(([email protected];))
Nov 11 (Reuters) - Hindalco Industries Ltd HALC.NS:
INDIA'S HINDALCO EXEC: NOVELIS IPO WILL WAIT UNTIL MARKET CONDITIONS ARE RIGHT
INDIA'S HINDALCO EXEC: NEXT FEW QUARTERS FOR NOVELIS WILL BE TOUGH
HINDALCO EXEC: DOMESTIC DEMAND OF ALUMINIUM IS VERY STRONG
HINDALCO EXEC: SEEING A LITTLE BIT OF SLOWDOWN IN AUTO
HINDALCO EXEC: SCRAP IMPORTS ARE BECOMING TOUGH
HINDALCO EXEC: ALUMINUM IMPORTS FROM CHINA REMAIN A WORRY
HINDALCO EXEC: IF U.S. FURTHER IMPOSES TARIFFS, CHINA MAY DIVERT SUPPLIES TO INDIA
HINDALCO EXEC: NEW ADMINISTRATION IN U.S. WILL BE GOOD FOR NOVELIS
Further company coverage: HALC.NS
(([email protected];))
Hindalco, Trent drag Indian benchmarks; Fed rate decision in focus
** Indian benchmarks NSE Nifty 50 .NSEI and BSE Sensex .BSESN shed ~1% each
** Aluminium maker Hindalco HALC.NS drops 8% after Q2 profit fall at U.S. unit Novelis NVL.N
** Apparel retailer Trent TREN.NS falls 6.5% after reporting slowest revenue growth in 3 years
** HALC, TREN top two pct decliners out of the 45 NSEI members trading lower on the day
** Meanwhile Apollo Hospitals APLH.NS jump ~7% after Q2 profit beat, top pct gainer on NSEI
** Eleven out of the thirteen major subsectors retreat on the day
** Focus on U.S. Federal Reserve's rate decision, commentary due after Indian market close
** Fed expected to cut rates by 25 basis points
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Indian benchmarks NSE Nifty 50 .NSEI and BSE Sensex .BSESN shed ~1% each
** Aluminium maker Hindalco HALC.NS drops 8% after Q2 profit fall at U.S. unit Novelis NVL.N
** Apparel retailer Trent TREN.NS falls 6.5% after reporting slowest revenue growth in 3 years
** HALC, TREN top two pct decliners out of the 45 NSEI members trading lower on the day
** Meanwhile Apollo Hospitals APLH.NS jump ~7% after Q2 profit beat, top pct gainer on NSEI
** Eleven out of the thirteen major subsectors retreat on the day
** Focus on U.S. Federal Reserve's rate decision, commentary due after Indian market close
** Fed expected to cut rates by 25 basis points
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
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What does Hindalco do?
Hindalco Industries is primarily involved in the business of aluminium and copper, operating many countries with several established units. The Company's segments include Aluminium, which includes hydrate and alumina, aluminum and aluminum product, and Copper, which includes continuous cast copper rods, copper cathode, sulfuric acid, di-ammonium phosphate (DAP) and complexes, and gold and silver products. Its Copper business is the second-largest producer of copper rods outside China and operates India’s largest singlelocation custom copper smelter at Dahej. In the specialty alumina space, it ranks among the global top three, offering a differentiated portfolio of high-margin, high-growth products.
Who are the competitors of Hindalco?
Hindalco major competitors are National Aluminium, Arfin India, MMP Industries, Euro Panel Products, PG Foils, Manaksia Aluminium, Sacheta Metals. Market Cap of Hindalco is ₹1,74,126 Crs. While the median market cap of its peers are ₹443 Crs.
Is Hindalco financially stable compared to its competitors?
Hindalco seems to be less financially stable compared to its competitors. Altman Z score of Hindalco is 2.73 and is ranked 7 out of its 8 competitors.
Does Hindalco pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Hindalco latest dividend payout ratio is 6.94% and 3yr average dividend payout ratio is 7.06%
How has Hindalco allocated its funds?
Companies resources are allocated to majorly unproductive assets like Capital Work in Progress
How strong is Hindalco balance sheet?
Balance sheet of Hindalco is moderately strong, But short term working capital might become an issue for this company.
Is the profitablity of Hindalco improving?
Yes, profit is increasing. The profit of Hindalco is ₹17,760 Crs for TTM, ₹16,001 Crs for Mar 2025 and ₹10,155 Crs for Mar 2024.
Is the debt of Hindalco increasing or decreasing?
Yes, The net debt of Hindalco is increasing. Latest net debt of Hindalco is ₹60,392 Crs as of Sep-25. This is greater than Mar-25 when it was ₹42,069 Crs.
Is Hindalco stock expensive?
Hindalco is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Hindalco is 9.8, while 3 year average PE is 11.62. Also latest EV/EBITDA of Hindalco is 7.04 while 3yr average is 6.67.
Has the share price of Hindalco grown faster than its competition?
Hindalco has given better returns compared to its competitors. Hindalco has grown at ~20.69% over the last 3yrs while peers have grown at a median rate of 16.44%
Is the promoter bullish about Hindalco?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Hindalco is 34.64% and last quarter promoter holding is 34.64%.
Are mutual funds buying/selling Hindalco?
The mutual fund holding of Hindalco is decreasing. The current mutual fund holding in Hindalco is 12.9% while previous quarter holding is 13.67%.
