Hindalco subsidiary Novelis postpones U.S. IPO
Novelis says it will continue to evaluate the timing of the offering in the future.
aluminum
June 2024
February 2024
October 2023
September 2022
May 2022
Hindalco shares crash 15% despite strong show by Novelis; Q3 result in focus
Novelis reported YoY improvement in net income and adjusted EBITDA in Q3 FY24, driven by higher pricing and lower operating costs.
In Weak Spirit
Ethanol futures dropped to $2.11 per gallon, marking the lowest level since February 2022, owing to production expansion, adjusted blending mandates, and increased stockpiles.
Metal prices likely to remain under pressure in FY23: ICRA
With elevated coal costs, the profitability of domestic entities would be adversely impacted, primarily for power-intensive metals such as aluminium and zinc.
Hindalco Industries shares drop 3% in opening trade; here’s why
Shares of Hindalco Industries dropped even after its U.S. subsidiary, Novelis, reported strong earnings in the March quarter of 2022.
