Novelis Inc., a global leader in sustainable aluminum solutions and a subsidiary of Hindalco Industries, reported a challenging second quarter for the fiscal year 2025, ending September 30, 2024. Despite a 5% increase in net sales to $4.3 billion, boosted by strong aluminum prices and growing demand in beverage packaging, the company faced an 18% […]
Hindalco Industries Limited, the metals flagship of the Aditya Birla Group, has announced a substantial increase in its consolidated quarterly net profit for Q4 FY2023-24, achieving a remarkable 32% year-over-year growth. The net profit for the quarter stood at ₹3,174 crore, driven by strong performance and improved margins across all business segments. Hindalco Industries Key […]
In a striking display of resilience and strategic foresight, Hindalco Industries Limited, the metals flagship of the Aditya Birla Group, unveiled its consolidated third-quarter financial results for the fiscal year 2024. The Mumbai-based conglomerate reported a substantial 71% year-on-year increase in its Consolidated Profit After Tax (PAT), reaching ₹2,331 crore, underpinned by robust performance across […]
Hindalco Industries, the world’s largest aluminium rolling and recycling company, is making a monumental stride in serving the burgeoning electric vehicle (EV) and energy storage markets. The company has announced an Rs.800 crore investment to construct a new plant near Sambalpur in Odisha. This facility is set to produce 25,000 tonnes of high-quality aluminium foil, […]
Aluminum solutions provider Novelis has commenced construction on its $2.5bn aluminum recycling and rolling plant in Bay Minette, Alabama. With a focus on catering to the beverage container market, the aluminum recycling and rolling factory will have 600 kilotonnes of finished aluminum goods capacity per year initially, said the Hindalco Industries subsidiary. Novelis announced plans […]
Artson Engineering Ltd. has bagged a purchase order worth INR 6.76 crores from Hindalco Industries Limited pertaining to the latter’s Dahej plant. Under the terms of the purchase order, Artson Engineering will be responsible for manufacturing a couple of heat exchangers for the Hindalco Industries plant in Dahej. The contract is to be executed in […]
Novelis, a fully-owned subsidiary of India-based Hindalco Industries, will construct a $2.5 billion aluminum recycling and rolling plant in Bay Minette, Alabama. Expected to be commissioned from mid-2025 onwards, the new low-carbon rolling and recycling factory will have an initial capacity of 600 kilotonnes of finished aluminum goods per annum. Steve Fisher — Novelis President […]
Novelis, a US-based aluminum solutions provider, has started construction on a $365m aluminum recycling center in Guthrie, Kentucky to cater to the automotive sector in North America. The company, which is a subsidiary of India-based Hindalco Industries, said that the Guthrie aluminum recycling plant will have an annual casting capacity of 240 kt of sheet […]
Hindalco Industries Limited has agreed to acquire the aluminium extrusion operations of Norwegian aluminium and renewable energy company Norsk Hydro in Kuppam, Andhra Pradesh, India for $33 million. The deal includes the sale of Kuppam aluminium extrusion plant that employs nearly 245 direct employees and approximately 224 contract employees. Erik Fossum — Norsk Hydro SVP […]
Novelis, a subsidiary of Hindalco Industries, has announced a further investment of $375 million for expanding its rolling and recycling capabilities at its aluminum factory in Zhenjiang, China. The aluminum rolling and recycling company said that the investment will totally integrate its automotive business to supply low-carbon, sustainable aluminum to automakers in Asia. The expansion […]