Latest news with #HindalcoIndustriesLtd
New Indian Express
4 days ago
- Business
- New Indian Express
Hindalco to invest Rs 200 crore in apparel units in Keonjhar, Sambalpur; 2,400 jobs to be created
BHUBANESWAR: Hindalco Industries Ltd has committed an investment of Rs 200 crore to set up apparel manufacturing units in Keonjhar and Sambalpur districts, in a significant move to boost employment and industrial development in the state. The Aditya Birla Group company signed two separate MoUs with the state government on Friday in the presence of Chief Minister Mohan Charan Majhi during Odisha TEX 2025. The MoUs were exchanged between principal secretary of Skill Development and Technical Education department BS Poonia and president (corporate affairs) of Hindalco Industries Ardhendu Mahapatra. According to the MoUs, Hindalco will establish apparel manufacturing units in the two districts with an investment of Rs 100 crore for each district, creating 2,400 direct employment opportunities. This would be the third and fourth textile unit of Hindalco in the state. While its Mancheswar unit is already operational, the company is setting up an apparel manufacturing unit at Kanshariguda near the Aditya alumina refinery in Rayagada district. It will employ 3,000 local women. 'This investment further strengthens Hindalco's footprint in Odisha. The company is committed to generating additional employment opportunities in the state in the near future through continued collaboration with the government,' the company said in a statement. Minister for Industries and Skill Development Sampad Chandra Swain, Minister for Handlooms and Textiles Pradeep Bal Samant and senior government officials were present.
Business Standard
23-07-2025
- Business
- Business Standard
Hindalco Industries Ltd gains for fifth straight session
Hindalco Industries Ltd is quoting at Rs 691.7, up 0.24% on the day as on 12:44 IST on the NSE. The stock is up 6.15% in last one year as compared to a 3.11% jump in NIFTY and a 2.96% jump in the Nifty Metal. Hindalco Industries Ltd is up for a fifth straight session today. The stock is quoting at Rs 691.7, up 0.24% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.45% on the day, quoting at 25172.45. The Sensex is at 82590.28, up 0.49%. Hindalco Industries Ltd has gained around 3.33% in last one month. Meanwhile, Nifty Metal index of which Hindalco Industries Ltd is a constituent, has gained around 2.69% in last one month and is currently quoting at 9533.3, up 0.08% on the day. The volume in the stock stood at 16.59 lakh shares today, compared to the daily average of 46.55 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 692.8, up 0.41% on the day. Hindalco Industries Ltd is up 6.15% in last one year as compared to a 3.11% jump in NIFTY and a 2.96% jump in the Nifty Metal index. The PE of the stock is 24.3 based on TTM earnings ending March 25.
Business Standard
21-07-2025
- Business
- Business Standard
Hindalco Industries Ltd spurts 1.03%, gains for third straight session
Hindalco Industries Ltd is quoting at Rs 682.85, up 1.03% on the day as on 12:49 IST on the NSE. The stock is up 1.57% in last one year as compared to a 2.23% spurt in NIFTY and a 2.15% spurt in the Nifty Metal index. Hindalco Industries Ltd is up for a third straight session in a row. The stock is quoting at Rs 682.85, up 1.03% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 25054.7. The Sensex is at 82084.74, up 0.4%. Hindalco Industries Ltd has risen around 3.24% in last one month. Meanwhile, Nifty Metal index of which Hindalco Industries Ltd is a constituent, has risen around 3.84% in last one month and is currently quoting at 9458.2, up 0.99% on the day. The volume in the stock stood at 31.93 lakh shares today, compared to the daily average of 47.56 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 684.8, up 1.25% on the day. Hindalco Industries Ltd is up 1.57% in last one year as compared to a 2.23% spurt in NIFTY and a 2.15% spurt in the Nifty Metal index. The PE of the stock is 23.78 based on TTM earnings ending March 25.
Business Standard
26-06-2025
- Business
- Business Standard
Hindalco Industries Ltd up for fifth session
Hindalco Industries Ltd is quoting at Rs 680.45, up 1.16% on the day as on 12:44 IST on the NSE. The stock is down 0.7% in last one year as compared to a 5.65% spurt in NIFTY and a 3.72% spurt in the Nifty Metal. Hindalco Industries Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 680.45, up 1.16% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.62% on the day, quoting at 25402.2. The Sensex is at 83287.99, up 0.64%. Hindalco Industries Ltd has risen around 3.18% in last one month. Meanwhile, Nifty Metal index of which Hindalco Industries Ltd is a constituent, has risen around 1.17% in last one month and is currently quoting at 9329.2, up 0.8% on the day. The volume in the stock stood at 33.44 lakh shares today, compared to the daily average of 49.51 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 681, up 1.27% on the day. Hindalco Industries Ltd is down 0.7% in last one year as compared to a 5.65% spurt in NIFTY and a 3.72% spurt in the Nifty Metal index. The PE of the stock is 23.66 based on TTM earnings ending March 25.
Mint
24-06-2025
- Business
- Mint
Hindalco to acquire AluChem for $125 million as it expands into high-tech alumina
Mumbai: Hindalco Industries Ltd will buy out US-based AluChem Companies Inc., a manufacturer of speciality alumina, for $125 million as it ventures into high-tech alumina. Saurabh Khedekar, chief executive officer of alumina business at Hindalco, said the acquisition will unlock synergies for Hindalco, including access to the US market and product portfolio expansion. The acquisition will be carried out through Aditya Holdings LLC, a step-down wholly-owned subsidiary of Hindalco. It is expected to be completed by the upcoming quarter, subject to customary regulatory approvals. Also read: India slaps five-year anti-dumping duty on Chinese aluminium foil, chemicals This would be the company's third acquisition of a metal company in the US. In 2007, Hindalco acquired Novelis Inc., a global leader in producing rolled aluminium products. In 2020, Novelis bought Aleris Corp., which produces a wide range of aluminium products, including for the aerospace industry. Alumina is a white, crystalline compound of aluminium, which is an intermediate raw material for making aluminium. The acquisition will add an annual capacity of 60,000 tonnes from AluChem's three manufacturing facilities in Ohio and Arkansas. 'Hindalco plans to work with AluChem's high-performance technology solutions and scale up production of ultra-low soda alumina products to drive larger global market share," Khedekar said. Also read: 300% rally in five years! Multibagger metal stock declares record date for dividend payment AluChem's speciality alumina is used in electric vehicles, semiconductors, and precision ceramics. "This partnership with Hindalco brings AluChem the ability and capital to scale up faster and build scale in North America," said Ronald Zapletal, founder of AluChem Companies Inc. The acquisition 'deepens our high value-added portfolio with differentiated products that drive profitability," said Satish Pai, MD of Hindalco Industries. 'As alumina gains increasing relevance in critical and clean-tech sectors, AluChem's advanced chemistry capabilities will significantly enhance our ability to serve these fast-evolving markets." The metal arm of the Aditya Birla Group currently operates 500,000 tonnes of annual speciality alumina production capacity in India and aims to scale up to 1 million tonnes by FY30. Also read: Nifty metal index jumps 2% on Israel-Iran ceasefire news: Tata Steel to SAIL share prices rise up to 4% ICICI Securities maintained a positive view on Hindalco, citing aggressive capacity expansion plans, both domestic and international, amidst structural demand drivers for copper and aluminium, as per their report in June. Hindalco reported a 66% growth in consolidated net profit to ₹5,283 crore for the quarter ended March compared to ₹3,174 crore posted in the year-ago period.
