Hindalco Industries Ltd. News and Updates

Name: Latest research reports of Hindalco Industries Ltd. authored by ICICI Direct and published by - Trendlyne research reports.
Item: Hindalco Industries Ltd.
Rating: 5
Author: ICICI Direct

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Hindalco Industries Ltd.

30 Dec 2024

605.25

-0.76%

Production from Meenakshi coal mine likely to begin in 2028, says Hindalco

Business Standard

Hindalco Industries Ltd, the Aditya Birla Group's metals flagship, on Monday said it expects to begin production at the Meenakshi coal mine in Odisha in 2028. The coal mine is a fully explored block with a peak rated capacity of 12 million tonnes per annum and 285.23 million tonnes of geological reserves. With a favourable coal-to-waste stripping ratio of less than one, the G12 grade mine is poised to be a cost-effective and sustainable energy source for the company's operations, making it self-reliant in coal production, Hindalco Industries said in a regulatory filing. The mined coal will replace the company's dependence on auction and linkage coal which is currently estimated at approximately 40 per cent higher than the Meenakshi coal mine, thereby ensuring a stable supply for its smelters and solidifying its position as one of the lowest-cost producers of aluminium in the world. The Meenakshi coal mining project is expected to create approximately 16,000 direct and indirect...

Anand Rathi released a Buy report for Hindalco Industries Ltd. with a price target of 800.0 on 02 Apr, 2025.

Hindalco to start Meenakshi coal mining in 2028

Business Line | 30 Dec 2024

Hindalco Industries Ltd.

27 Dec 2024

605.25

-0.76%

Government Allocates Meenakshi Coal Mine In Odisha To Hindalco Industries

NDTV Profit

The Meenakshi coal mine, a fully explored block, has geological reserves of 285.23 million tonnes.

Anand Rathi released a Buy report for Hindalco Industries Ltd. with a price target of 800.0 on 02 Apr, 2025.

Govt issues allocation order to Hindalco Industries for coal mine in Odisha

Business Standard | 27 Dec 2024

Hindalco Industries Ltd.

18 Dec 2024

605.25

-0.76%

Aluminium seen as an outlier among metals; Hindalco better placed

Business Standard

The suspension of bauxite exports by Guinea in Oct'24 has tightened the alumina market

Number of FII/FPI investors increased from 1145 to 1157 in Dec 2024 qtr.

Hindalco Industries Ltd.

19 Nov 2024

605.25

-0.76%

Hindalco.

Buy: Hindalco Industries Ltd.

ICICI Direct

Anand Rathi released a Buy report for Hindalco Industries Ltd. with a price target of 800.0 on 02 Apr, 2025.

Hindalco Industries Ltd.

16 Nov 2024, 05:22PM

605.25

-0.76%

We have invested $20 bn, want to be among top 2 in our sectors: KM Birla

Business Standard

Aditya Birla Group has invested about USD 20 billion, mainly in manufacturing space, as it looks to be among the top two players across the segments it operates in, a top company official said on Saturday. Speaking at the Hindustan Times Leadership Summit, Aditya Birla Group Chairman KM Birla said the group firm has taken tough decisions, including the acquisition of Novelis by Hindalco, to build scale and aims to expand cement business from 100 million tonnes to 200 million tonnes over the next 10 years. He said most of the group's investments are long-term, with a business outlook over the next 15-20 years, while consumer businesses have a shorter span. "We have USD 20 billion of announced investments that are on the ground. Obviously, you look at it because a lot of them are in the manufacturing space. You would look at the next 15-20 years. Shorter than that doesn't make sense in that kind of business... If, on the other hand, you're looking at fashion retail or jewellery retail

Hindalco Industries Ltd. is trading below all available SMAs

Aditya Birla Group makes $20 billion investment as it sets eyes on scaling business: KM Birla

Business Line | 16 Nov 2024, 04:48PM

Hindalco Industries Ltd.

13 Nov 2024

605.25

-0.76%

Hindalco poised for growth with expansion, robust operational results

Business Standard

The ongoing capex in Novelis would establish it as the global leader in beverage cans and automotive. The management does not see further capex increase

Anand Rathi released a Buy report for Hindalco Industries Ltd. with a price target of 800.0 on 02 Apr, 2025.

Broker's call: Hindalco (Sell)

Business Line | 13 Nov 2024 1 more

Hindalco Industries Ltd.

13 Nov 2024

605.25

-0.76%

Upstream-Downstream performance divergence

Sell: Hindalco Industries Ltd.

Emkay

Hindalco delivered a strong upstream performance that is on a firm foot vs a starkly different downstream performance with bleak near-term outlook for Novelis, balancing out one another in Q2 and resulting in EBITDA beat of 9.5% at business segment level.