Novelis News
Hindalco ups the ante: More metal, stronger margins
The metals giant is going all in on scale and efficiency, with a $10 billion capex plan split between India and subsidiary Novelis Inc. over FY24-29.
2 min read3 Apr 2025America First gives an edge for Novelis in US
Novelis’s IPO, which was postponed earlier this year, remains on the back burner for the next few quarters, Hindalco MD Satish Pai said. The company expects a premium valuation for its American unit whose aluminium finds its way into soft drink cans and aircraft alike.
3 min read11 Nov 2024Hindalco share price falls 6% after subsidiary Novelis postpones IPO citing market conditions
Novelis IPO price band was set at $18 to $21 per share. The company had planned to raise between $810 million and $945 million from the offer, Hindalco Industries had announced last week.
1 min read5 Jun 2024Proposed Novelis IPO is a booster dose for Hindalco
The IPO filing in the US assigns Novelis a market cap of $12.6 billion at the upper end of the price band. This is almost two-thirds of Hindalco’s market cap of about ₹1.52 trillion before the announcement.
3 min read29 May 2024Hindalco share price falls 6% after subsidiary Novelis postpones IPO citing market conditions
Novelis IPO price band was set at $18 to $21 per share. The company had planned to raise between $810 million and $945 million from the offer, Hindalco Industries had announced last week.
1 min read5 Jun 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared