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Earnings from aluminium business continue to decline for Hindalco
Aluminium, on the London Metal Exchange (LME), has been falling since the beginning of the year. So has been the core earnings of Hindalco Industries and in turn, the profits. The company maintains that its two businesses, aluminium and copper, complement each other well. D Bhattacharya, managing director, Hindalco Industries, says, "If the aluminium business is down then the copper business comes
Aluminium, on the London Metal Exchange (LME), has been falling since the beginning of the year. So has been the core earnings of Hindalco Industries and in turn, the profits. The company maintains that its two businesses, aluminium and copper, complement each other well. D Bhattacharya, managing director, Hindalco Industries, says, "If the aluminium business is down then the copper business comes
Base metals rebound on EU package
Base metals, led by copper and lead, rebounded after the decision by European leaders to protect the region's economy from a worsening debt crisis by pumping in a $1-trillion supportive package.
Base metals, led by copper and lead, rebounded after the decision by European leaders to protect the region's economy from a worsening debt crisis by pumping in a $1-trillion supportive package.
Hindalco likely to delay fund raising for aluminium refinery
Hindalco Industries, the metal products manufacturing arm of the Aditya Birla Group, has decided to delay the financial closure of the Rs 7,800 crore Aditya Alumunium refinery project due to
Near-term concerns
High aluminium prices saved the day for Hindalco. Although aluminium production was slightly down at its Indian operations, the average London Metal Exchange (LME) prices were up 24 per cent
Hindalco net surges 21%
Hindalco Industries has posted net profit of Rs 644 crore for the quarter ended June 30, up 21 per cent. Net sales, despite flat volumes, grew 16 per cent, at Rs 6,031 crore.
Hindalco Industries has posted net profit of Rs 644 crore for the quarter ended June 30, up 21 per cent. Net sales, despite flat volumes, grew 16 per cent, at Rs 6,031 crore.
Hindalco full-year net dips 37%
Hindalco Industries posted a consolidated net profit of Rs 2,456 crore for the year ended March 2011, as against Rs 3,925 crore for 2009-10. Net sales were Rs 72,077 crore as against Rs 60,708
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