Latest news about Hindalco Industries
Hindalco Industries
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More news about Hindalco Industries
07Aug 26
Hindalco targets Sept 2 finality for AluChem deal after US shutdown delay
Hindalco Industries expects CFIUS clearance for its AluChem acquisition by September 2, 2026, after a U.S. federal government shutdown tolled review timelines. The deal is structured through Aditya Holdings LLC. This fifth update cites SEBI Regulation 30 and confirms the process is progressing despite administrative delays.
07Aug 26
Hindalco Industries Plans 10 KTPA Capacity Boost at Kuppam for ₹768 Crore
Hindalco Industries has announced a ₹768 crore capacity expansion of 10 KTPA at its Kuppam facility in Chittoor, Andhra Pradesh, representing a 50% increase over the existing 20 KTPA capacity. The project, expected to be completed by FY29, will be funded through internal accruals and debt, and comes as the facility operates at 80%-85% utilization.
07Aug 26
Hindalco promotes Pandey to Aluminium Upstream CEO
Hindalco Industries promotes Kailash Pandey to CEO - Aluminium Upstream effective August 7, 2026, leveraging his 30+ years of experience. Sameer Nayak ceases as Senior Management Personnel due to organizational restructuring. The changes comply with SEBI Listing Regulations.
07Aug 26
Hindalco Industries reports record Q1FY27 profit of ₹7,013 crore
Hindalco Industries delivered its strongest-ever quarterly performance in Q1FY27 with consolidated revenue rising 32% to ₹84,825 crore and net profit jumping 75% to ₹7,013 crore. All business segments—Novelis, Aluminium Upstream, and Copper—achieved record EBITDA levels, supported by favourable macro conditions and operational efficiencies.
07Aug 26
Hindalco Latest Results: Cons Net Debt Surges to ₹775B vs ₹343B YoY
Hindalco Industries' consolidated net debt stood at ₹775 billion, significantly higher than ₹343 billion reported in the same period last year and ₹648 billion in the previous quarter. The year-on-year increase represents more than a doubling of the net debt position, while the quarter-on-quarter comparison also shows a meaningful sequential rise. The data points to a sustained increase in the company's consolidated net borrowings across both annual and quarterly timeframes.
29Jul 26
Hindalco Q1 Results: Novelis earnings call scheduled for Aug 5, 2026
Hindalco Industries Limited has scheduled a Q1 FY27 earnings conference call for its wholly owned subsidiary, Novelis Inc., on August 5, 2026, at 16:30 HRS IST. The call will cover financial results for the quarter ended June 30, 2026, and will feature a management presentation followed by a Q&A session. Novelis, the world's largest recycler of aluminum, reported net sales of $17.1 billion in fiscal year 2025. Investors can contact Subir Sen, Head of Investor Relations at Hindalco, for further details.
29Jul 26
Hindalco Industries Q1 Results: Earnings call set for Aug 7 to discuss performance
Hindalco Industries Limited has announced its Q1 FY27 earnings conference call for August 7, 2026, to discuss financial results for the quarter ended June 30, 2026. The event includes a management presentation and Q&A session, accessible via multiple international dial-in numbers. The filing complies with SEBI Regulation 30 and references ISIN INE038A01020.
28Jul 26
Hindalco Industries Emerges as Only Bidder for NPCIL's Small Nuclear Reactor Project
Hindalco Industries has reportedly emerged as the sole bidder for NPCIL's small nuclear reactor project, which is aimed at generating clean energy for industrial use. The development was cited from a newspaper report and highlights Hindalco's interest in low-carbon energy solutions. No additional financial or operational details regarding the bid have been disclosed at this stage.
27Jul 26
Novelis enters $500 million short-term unsecured term loan facility
Novelis Inc., a subsidiary of Hindalco Industries, secured a $500 million short-term unsecured term loan facility. The deal was disclosed via a Form 8-K filing on July 27, 2026, adhering to SEBI Regulation 30 requirements.
24Jul 26
Hindalco shareholders approve Birla director reappointments at AGM
Hindalco Industries Limited concluded its 67th AGM on July 23, 2026, with shareholders approving all six resolutions. Key outcomes include the reappointment of Non-Executive Directors Kumar Mangalam Birla and Ananyashree Birla, adoption of FY26 financial statements, dividend declaration, and ratification of cost auditor fees for FY27. Institutional investors showed notable dissent on the director reappointments, though promoter support ensured passage.
23Jul 26
Hindalco records record revenue of ₹2.75 lakh crore in FY26
Hindalco Industries delivered historic financial results for FY26 with consolidated revenue of ₹2,74,944 crore and EBITDA of ₹38,097 crore. The Board recommended a ₹5 dividend per share while outlining a $10 billion organic growth plan including aluminium and copper capacity expansions.
17Jul 26
Hindalco Industries Records ₹62.51 Crore Block Trade on BSE at ₹941.50 Per Share
Hindalco Industries recorded a block trade on the BSE involving approximately 663892 shares at ₹941.50 per share. The total transaction value stood at ₹62.51 crore. Such large block deals are generally associated with institutional activity and are executed to limit price disruption in the open market.
16Jul 26
Kotak Securities Upgrades Hindalco to Buy, Raises Target Price to ₹1,120
Kotak Securities has upgraded Hindalco Industries to Buy, raising its target price to ₹1,120, citing the end of operational disruptions and improved earnings visibility. Growth projects and business normalization are expected to drive performance, with the India business set to accelerate from FY28. Aluminium market tightness is anticipated to persist despite easing deficits, and a healthy balance sheet supports the company's ongoing capital expenditure plans.
14Jul 26
Hindalco Industries Records Block Trades on NSE and BSE Exchanges
Hindalco Industries saw significant institutional block trade activity across two exchanges. On the NSE, a trade worth ₹23.86 crores was executed for approximately 2,48,562 shares at ₹959.85 per share, while on the BSE, a trade of ₹19.92 crores was recorded for approximately 2,01,962 shares at ₹986.50 per share.
02Jul 26
Hindalco Industries schedules 67th AGM on July 23
Hindalco Industries Limited has scheduled its 67th Annual General Meeting for July 23, 2026, via video conferencing. The company dispatched the AGM notice and Integrated Annual Report for FY 2025-26 electronically on June 30, 2026. Members can vote remotely from July 20 to July 22, with the voting results expected by July 27, 2026.
30Jun 26
Hindalco Industries files BRSR for FY 2025-26
Hindalco Industries Limited filed its Business Responsibility and Sustainability Report for FY 2025-26, reporting improved energy and emission intensities alongside detailed social and governance metrics. The company achieved Zero Liquid Discharge at 16 plants and recycled over 11 million metric tonnes of waste.
29Jun 26
Hindalco Industries to Consider Q1 Results on August 7
Hindalco Industries has announced a board meeting scheduled for August 7 to consider its Q1 financial results. The meeting represents a key event in the company's financial calendar and is expected to be closely monitored by investors and market participants. This follows standard corporate governance procedures for the disclosure of quarterly financial performance.
25Jun 26
InCred Flags 30–40% Valuation Downside for Indian Aluminium Producers Amid Bearish Metal Outlook
InCred has maintained a negative outlook on aluminium, arguing that scrap and secondary supply in China are offsetting primary metal tightness. The brokerage warns that the fading Middle East risk premium could drive aluminium prices down by approximately $800/t. As a result, InCred sees a 30–40% downside risk to the valuations of National Aluminium Company, Vedanta Aluminium, and Hindalco Industries.
23Jun 26
Hindalco Industries fixes July 23 for 67th AGM
Hindalco Industries Limited will hold its 67th Annual General Meeting on July 23, 2026, via video conferencing. The Board recommended a final dividend of ₹5 per equity share for FY26, subject to shareholder approval. The record date for dividend entitlement is July 10, 2026, with payments commencing on or after July 28, 2026. The company emphasized TDS applicability and the necessity for physical shareholders to update KYC details to receive dividends.
22Jun 26
Hindalco subsidiary East Coast struck off by ROC
East Coast Bauxite Mining Company Private Limited, a wholly owned subsidiary of Hindalco Industries Limited, has been struck off by the Registrar of Companies, Cuttack, effective June 22, 2026. The voluntary strike off was executed under Section 248 of the Companies Act, 2013. The company disclosed that the subsidiary contributed nil to turnover or net worth in the last financial year and that the action will have no material impact on operations.
22Jun 26
Hindalco Arm Novelis Yet to Recover Bulk of Losses From Oswego Impact, Hit Seen at Rs.15000 Crs
Hindalco Industries' arm Novelis is yet to recover the bulk of losses from the Oswego impact, with the financial hit seen at Rs.15000 Crs, as reported by Moneycontrol. The recovery of these losses remains pending, reflecting the ongoing financial strain on the subsidiary. The development is a key monitorable for Hindalco Industries given the material scale of the impact.
20Jun 26
Hindalco Industries commissions aluminium bicycle components facility
Hindalco Industries has commissioned a new aluminium bicycle component manufacturing facility at Chakan, Pune, Maharashtra. The plant features advanced manufacturing capabilities and an annual capacity of 5,00,000 frames and forks, 7,50,000 handlebars, and 8,00,000 pairs of wheel rims. This expansion is part of the company's strategy to grow its value-added aluminium products and mobility-related applications portfolio.
20Jun 26
Novelis amends Second Amended and Restated Credit Agreement
Novelis, a wholly owned subsidiary of Hindalco Industries, amended its Second Amended and Restated Credit Agreement on June 19, 2026. The company disclosed the development through a Form 8-K filing in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Specific details regarding the nature of the amendments or the financial implications were not disclosed in the regulatory notification.
19Jun 26
Hindalco Industries appoints Kapil Agrawal as CEO (Designate) - Copper
Hindalco Industries has appointed Kapil Agrawal as CEO (Designate) - Copper effective November 1, 2026, and CEO - Copper from March 1, 2027. He succeeds Rohit Pathak, who will transition to a different role within the Aditya Birla Group effective February 28, 2027.
11Jun 26
Novelis restarts Oswego hot mill operations
Novelis Inc., a wholly owned subsidiary of Hindalco Industries Limited, announced on June 10, 2026, that the hot mill at its Oswego, New York facility is back online following a fire incident. During the outage, Novelis utilized its global network to maintain supply continuity. The company is accelerating the implementation of a standardized operating system to strengthen supply dependability. The restoration is expected to reverse prior fire-related underperformance and contribute to Hindalco Industries Limited's earnings.
10Jun 26
Hindalco Industries Records ₹59.99 Crore Block Trade on NSE at ₹1050.90 Per Share
Hindalco Industries recorded a block trade on the NSE involving approximately 570,818 shares at ₹1050.90 per share. The total transaction value amounted to ₹59.99 crores. Such block trades are generally associated with institutional investor activity and are executed to limit broader market disruption.
05Jun 26
Hindalco targets ₹1,000 crore revenue by FY29 with new Eternia store
Hindalco Industries has launched a flagship Eternia Experience Centre in Lajpat Nagar, New Delhi, and a new manufacturing hub in Bilaspur, Gurugram, to support its engineered system aluminium window business. The company targets over ₹1,000 crore in revenue by FY29, driven by a 65% CAGR over the last three years and a network of over 170 channel partners.
03Jun 26
Morgan Stanley Maintains Overweight on Hindalco Industries with Target Price of ₹1,325
Morgan Stanley has maintained an Overweight rating on Hindalco Industries with a target price of ₹1,325. The brokerage cites expected power cost moderation of approximately 30%, leading to a 12–13% total cost reduction, and supportive LME aluminium prices driven by supply constraints and inventory drawdown. EBITDAS recovery is anticipated from FY27, with the Oswego restart projected to turn cash positive by FY27-end. Insurance recoveries are estimated at approximately US$1.2–1.3bn, accounting for 70–75% of losses.
30May 26
Hindalco Industries to attend investor meets from June 1
Hindalco Industries announced its representatives will attend investor conferences from June 1 to June 8, 2026, including the BofA India Conference and Morgan Stanley India Investment Forum 2026. The company stated no unpublished price sensitive information will be shared during these meetings. Investor presentations for Q4 and FY26, as well as the Investor Day 2025 presentation, will be available on the company's website.
27May 26
Hindalco Industries advises shareholders on TDS for FY26 dividend
Hindalco Industries Limited informed shareholders about the TDS implications for the recommended FY26 dividend of ₹5 per share. The company outlined tax rates for residents and non-residents, emphasizing the need for valid PAN and specific documentation to avoid higher deductions. All required forms must be submitted by June 30, 2026.
25May 26
Hindalco Expects Q1FY27 Aluminium EBITDA/t to Rise; Brokerages Stay Mixed
Hindalco Industries expects Q1FY27 aluminium EBITDA per tonne to improve over Q4FY26, per CNBC TV18. Six brokerages hold divergent ratings ranging from HSBC's Buy at ₹1430 to Jefferies' Hold at ₹890 and Kotak's Reduce at ₹1100, with key debates centred on the Oswego restart, Bay Minette expansion within a USD 5 billion capex plan, rising net debt, and back-ended growth drivers.
25May 26
Hindalco Q4 FY26: Revenue at 781b Rupees, EBITDA Margin at 12.82%
Hindalco Industries reported Q4 FY26 consolidated revenue of 781b Rupees versus 649b Rupees YoY, while net profit declined to 26b Rupees from 52.8b Rupees. EBITDA improved to 100b Rupees from 88.36b Rupees, though EBITDA margin contracted to 12.82% from 13.62% YoY. For the full year FY26, consolidated net profit stood at ₹13,391 crore on record EBITDA of ₹38,097 crore.
22May 26
Hindalco extends CFIUS review timeline to July 2
Hindalco Industries reported that the CFIUS review for the acquisition of AluChem Companies, Inc. by Aditya Holdings LLC has been extended to July 2, 2026, following a partial US government shutdown. The company has filed necessary documentation for this extension, while all other transaction details remain unchanged.
20May 26
Hindalco Industries Records Two NSE Block Trades Totalling Rs. 144.93 Crores
Hindalco Industries recorded two NSE block trades at Rs. 1086.00 per share. The first trade involved approximately 947,735 shares worth Rs. 102.92 crores, while the second covered approximately 386,811 shares valued at Rs. 42.01 crores. Both transactions were executed at an identical per-share price, reflecting significant institutional participation in the stock.
20May 26
Novelis Reports Q4 Net Loss of $84 Million
Novelis Inc. reported a Q4 net loss of $84 million, down from a net income of $294 million in the prior year, due to $630 million in pre-tax losses from fires at its Oswego plant. Net sales rose 4% to $4.8 billion, while Adjusted EBITDA fell 3% to $459 million. For the full fiscal year, net income dropped 98% to $15 million.
19May 26
Hindalco Industries Plans $2.1 Billion to $2.4 Billion Capital Spending for FY27, Including About $350 Million for Maintenance
Hindalco Industries has announced a capital expenditure plan of $2.1 billion to $2.4 billion for FY27. Approximately $350 million of the total planned spending is earmarked for maintenance expenditures. The announcement reflects the company's significant investment commitment for the upcoming fiscal year, covering both growth-oriented and maintenance-related capital allocation.
27Apr 26
HSBC Issues Buy Rating for Hindalco Industries with ₹1,310 Target Price
HSBC has assigned a Buy rating to Hindalco Industries with a target price of ₹1,310, citing expected positive Novelis newsflow from Oswego and Bay Minette facilities in CY26. The brokerage believes the company's prior underperformance versus peers and anticipated earnings upgrades support upside potential. HSBC also presents a bull case scenario with a ₹1,670 target, driven by higher LME prices, stronger Novelis performance, and multiple expansion opportunities.
15Apr 26
HSBC Raises Hindalco Industries Target Price to ₹1,310 on Aluminium Supply Disruptions
HSBC has maintained its Buy rating on Hindalco Industries while raising the target price to ₹1,310, citing Middle East supply disruptions supporting aluminium prices. The brokerage increased LME aluminium forecasts by 10%/8% for CY26/27 to $3,524/$3,500 per tonne, with prices expected to average ~$3,300 per tonne through CY30.
10Apr 26
Hindalco Industries Receives Voluntary ESG Rating of 69 from SEBI Registered Provider
Hindalco Industries Limited received a voluntary ESG rating of 69 from ESG Risk Assessments and Insights Limited, a SEBI registered provider. The rating was independently assigned based on public domain information without company engagement, with notification received on April 9, 2026. The company disclosed this information to stock exchanges under Regulation 30 compliance requirements.
07Apr 26
JPMorgan Upgrades Hindalco Industries to Overweight with Target Price of ₹1,125
JPMorgan has upgraded Hindalco Industries to Overweight with a target price increase to ₹1,125 from ₹875. The upgrade is based on strong earnings upside from higher LME aluminium prices, INR depreciation benefits, Middle East supply disruptions, and smelter outages. Additional positive factors include improving Novelis outlook with Oswego restart and better scrap spreads, enhanced copper earnings from higher sulphuric acid prices, and attractive valuations with commodity tailwinds expected to ease debt concerns.
06Apr 26
Hindalco Industries Submits Quarterly Compliance Certificate for Q4 FY26
Hindalco Industries Limited filed its quarterly compliance certificate for Q4 FY26 with stock exchanges on April 6, 2026. The certificate, issued by registrar MUFG Intime India Private Limited, confirms compliance with SEBI depositories regulations for the quarter ended March 31, 2026. Company Secretary Geetika Anand submitted the filing to BSE, NSE, and Luxembourg Stock Exchange, demonstrating the company's commitment to regulatory transparency and proper share transfer processes.
01Apr 26
Hindalco Industries Executes Rs. 37.35 Crore Block Trade on NSE
Hindalco Industries completed a major NSE block trade worth Rs. 37.35 crores involving approximately 407,765 shares at Rs. 915.95 per share. This significant institutional transaction demonstrates active trading interest in the aluminum and copper manufacturer's stock through off-market channels.
24Mar 26
Hindalco Industries Limited Board Meeting scheduled for May 22, 2026 to consider Q4FY26 and annual results under Regulation 29
Hindalco Industries Limited announced a board meeting on May 22, 2026, to consider audited standalone and consolidated financial results for Q4FY26 and FY26, along with dividend recommendations. The trading window will close from April 1-25, 2026, and the company will host an earnings conference call with details to be communicated later.
18Mar 26
Kotak Maintains SELL Rating on Hindalco Industries with Rs 800 Target Price Amid US Market Challenges
Kotak Institutional Equities maintains SELL rating on Hindalco Industries with Rs 800 target price due to rising US scrap spreads and Novelis production constraints. Scrap now comprises ~47% of P1020 versus 70% last year, while plant outages limit gains. Margins expected to bottom in Q3 FY26 with normalization only in 2H FY27E. Despite India business benefiting from commodity tailwinds, rich valuations support the negative rating.
17Mar 26
Hindalco Faces Rising Energy Costs and Novelis Plant Disruption, Says Motilal Oswal
Motilal Oswal has highlighted multiple challenges facing Hindalco Industries, including rising energy costs from increased coal e-auction prices and operational disruptions caused by a fire at Novelis' Oswego plant in the United States. The brokerage firm expects these factors to weaken the company's near-term earnings outlook, with concerns over Novelis' performance likely to affect overall financial results.
17Mar 26
MOSL Maintains Buy Rating on Hindalco Industries with Target Price of ₹1,110
MOSL maintains its Buy rating on Hindalco Industries with a target price of ₹1,110, driven by strong demand from renewables, EVs, infrastructure, and packaging sectors. The company's plan to achieve 100% captive coal by FY33 is expected to save approximately $200 per tonne, while expansion in value-added aluminium and copper products through new facilities should support margin improvement.
16Mar 26
Hindalco Industries Refutes Claims of Stopping Aluminum Sales Operations
Hindalco Industries has officially denied media reports claiming it halted aluminium product sales operations, clarifying that only a small segment of its Aluminium Extrusions business faces potential disruption due to Force Majeure by gas suppliers. The company emphasized that the overall impact is less than 0.10% of operations, with all other business segments including Primary Aluminium production continuing normally through captive power and alternate energy arrangements.
12Mar 26
Hindalco Industries Files Regulatory Disclosure for Novelis $225M Municipal Bond
Hindalco Industries has filed a regulatory disclosure under Regulation 30 regarding its subsidiary Novelis Inc.'s $225 million municipal bond offering. The company informed multiple stock exchanges about Novelis' Form 8-K filing with the SEC, ensuring compliance with SEBI listing obligations and providing stakeholder transparency.
27Feb 26
Hindalco Industries CEO Chandan Agrawal Resigns from Eternia Business Effective February 2026
Hindalco Industries Limited announced the resignation of Mr. Chandan Agrawal, CEO of Eternia Business, effective February 28, 2026, due to personal reasons. The resignation was submitted on December 15, 2025, and disclosed under SEBI regulatory requirements. Agrawal expressed gratitude for his tenure and the support received from the company's leadership during his time in the senior management position.
26Feb 26
Hindalco's AluChem Acquisition Delayed Due to US Government Shutdown Halting CFIUS Review
Hindalco Industries' acquisition of AluChem Companies, Inc. through subsidiary Aditya Holdings LLC faces delays due to the US federal government shutdown temporarily halting the CFIUS review process. The shutdown has tolled statutory timelines with no definitive resolution timeline available, keeping both the regulatory review and transaction temporarily suspended while the company commits to providing updates on material developments.
26Feb 26
Hindalco Industries Announces Senior Management Personnel Change Effective March 2, 2026
Hindalco Industries Limited announced that Mr. Senthil Nath will cease to be Senior Management Personnel effective March 2, 2026, due to an internal role change. The announcement was made on February 26, 2026, in compliance with Regulation 30 of SEBI Listing Regulations and communicated to BSE, NSE, and Luxembourg Stock Exchange.
24Feb 26
Hindalco Industries to Participate in IIFL 17th Entrepreneurial India Conference 2026
Hindalco Industries Limited will participate in the IIFL 17th Entrepreneurial India Conference 2026 on February 26, 2026, in Mumbai, conducting one-on-one and group investor meetings from 11:00 a.m. to 4:00 p.m. The company has assured that no unpublished price sensitive information will be shared, and existing presentations including Q3FY26 earnings and Investor Day 2025 materials will be available to participants.
18Feb 26
Hindalco Q3FY26 Earnings: India Business Delivers Record Performance Despite Novelis Headwinds
Hindalco Industries reported strong Q3FY26 results with India business segment EBITDA growing 10% YoY to INR 5,660 crores and record PAT of INR 3,581 crores (+24% YoY). Despite Novelis Oswego fire challenges impacting consolidated performance, the company maintained robust operational execution with upstream aluminum EBITDA at $1,572 per ton and 45% margins. The company advanced key expansion projects while maintaining strong financial discipline with net debt to EBITDA at 1.73x.
11Feb 26
Hindalco Industries Reports $1.3-1.6 Billion Impact from Novelis Oswego Plant Fire Incidents
Hindalco Industries reported fire incidents at its Novelis subsidiary's Oswego plant with estimated $1.3-1.6 billion free cash flow impact. The company expects 70-80% insurance recovery and hot mill restart by late Q2 calendar 2026, while maintaining operations through global presence and external suppliers.
05Feb 26
Hindalco Industries Schedules Earnings Conference Call for Novelis Q3FY26 Results on February 11, 2026
Hindalco Industries Limited announced an earnings conference call for subsidiary Novelis Inc. on February 11, 2026, at 17:30 IST to discuss Q3FY26 results for the quarter ended December 31, 2025. The call will feature management presentation followed by Q&A session, with pre-registration and live webcast options available. Novelis, the world's largest aluminum recycler and global leader in aluminum products, reported net sales of $17.1 billion in fiscal year 2025.
05Feb 26
Hindalco Industries Schedules Q3 FY26 Earnings Conference Call for February 12, 2026
Hindalco Industries has scheduled its Q3 FY26 earnings conference call for February 12, 2026, at 19:00 IST to discuss financial results for the quarter ended December 31, 2025. The company has provided multiple dial-in options including domestic and international toll-free numbers for participants from USA, UK, Singapore, and Hong Kong. The call will feature a management presentation followed by a Q&A session, with notification sent to BSE, NSE, and Luxembourg Stock Exchange under regulatory compliance requirements.
03Feb 26
Hindalco Industries Records Rs. 19.64 Crore Block Trade on NSE
Hindalco Industries Limited executed a major NSE block trade worth Rs. 19.64 crores involving approximately 205,175 shares at Rs. 957.30 per share. The transaction reflects significant institutional investor activity and strategic portfolio adjustments by large market participants.
27Jan 26
Hindalco Industries announces ₹21,000-crore smelter expansion and commissions FRP and battery foil facilities in Odisha
Hindalco Industries Ltd announced a ₹21,000-crore expansion of its aluminium smelter operations in Odisha, adding 3.6 lakh-tonne-per-annum capacity, and commissioned a ₹4,500-crore FRP and battery foil facility with 1.7 lakh-tonne-per-annum capacity. These projects are part of a broader ₹37,000-crore investment plan for Odisha and are expected to generate over 15,000 additional jobs while reducing India's flat-rolled aluminium import dependence by nearly half.
13Jan 26
Hindalco Industries Sees ₹93.18 Crore Block Trade on BSE at ₹931.25 Per Share
Hindalco Industries recorded a substantial block trade on BSE worth ₹93.18 crores involving approximately 10,00,593 shares at ₹931.25 per share. This significant institutional transaction demonstrates active investor interest and represents major capital movement in the aluminum and copper manufacturer's stock through institutional channels.
12Jan 26
HSBC Maintains Buy Rating on Hindalco Industries with Target Price of ₹1,060
HSBC has issued a buy recommendation for Hindalco Industries with a target price of ₹1,060 per share. The positive analyst rating reflects confidence in the aluminum and copper manufacturer's prospects and provides investors with a valuation benchmark for the stock.
12Jan 26
HSBC Raises Hindalco Target Price to ₹1,060 Amid Aluminium Market Tailwinds
HSBC Global Investment Research has maintained its Buy rating on Hindalco Industries while raising the target price to ₹1,060.00 from ₹1,040.00, indicating a 17% upside potential. The brokerage projects that favorable aluminium prices and currency levels could drive FY27 and FY28 earnings per share 22% and 20% higher respectively than base forecasts. HSBC's bullish outlook is anchored on structural tightness in global aluminium supply, driven by resilient Chinese demand, production constraints, and the upcoming halt of South32's Mozal smelter from March. The firm expects Novelis earnings to stabilize from Q1 FY27, with the subsidiary's $5.00 billion investment pipeline projected to deliver $600.00 million in steady-state EBITDA over time.
29Dec 25
Hindalco's Novelis Raises $750M, Projects Strong FY27 with $500/Tonne EBITDA Target
Hindalco Industries' subsidiary Novelis has secured $750 million through a share subscription agreement with AV Minerals, involving 50 lakh common shares at $150 each. Management projects FY27 as a strong year with $500/tonne EBITDA targets, supported by the Oswego mill restart in December and the strategic Bay Minette project offering 600,000 tonnes capacity expandable to 1.2 million tonnes.
29Dec 25
Hindalco Industries Schedules Board Meeting for February 12, 2026 to Consider Q3FY26 Results
Hindalco Industries has scheduled a board meeting for February 12, 2026, to consider Q3FY26 financial results for the quarter ending December 31, 2025. The company announced trading window closure from January 1-16, 2026, and plans an earnings conference call post-results.
29Dec 25
Hindalco outlook: Long-term strength intact despite headwinds
Axis Securities maintains a positive outlook on Hindalco Industries, citing strong aluminum fundamentals and robust domestic operations as key growth drivers, despite near-term challenges at Novelis. The company faces a $100-150 million EBITDA impact and $550-600 million cash flow impact due to recent incidents, but these are expected to be recovered through insurance claims. Aluminum prices near $2,900-3,000 per tonne benefit Hindalco significantly. The Bay Minette project, despite increased capex to $5 billion, is expected to add 600 KTPA capacity by H2 CY26. Hindalco's Indian operations show strong performance with upstream aluminum EBITDA at $1,500 per tonne and targets for increased coal self-sufficiency and renewable energy usage.
13Dec 25
Hindalco's Novelis Appoints Ernst & Young as Independent Auditor for FY2028
Hindalco Industries' wholly owned subsidiary Novelis Inc. has appointed Ernst & Young LLP as its independent registered public accounting firm for the fiscal year ending March 31, 2028. The appointment is subject to completion of regulatory compliances and procedures. Novelis has filed the required Form 8-K with the U.S. Securities and Exchange Commission regarding this auditor change.
10Dec 25
Hindalco Industries Receives ESG Rating of 69 from NSE Sustainability
Hindalco Industries received an ESG rating of 69 from NSE Sustainability Ratings and Analytics Ltd, a SEBI-registered provider. The rating was independently prepared based on publicly available information without company engagement. Hindalco was notified about this assessment on December 9, 2025, and announced it through regulatory filing on December 10, 2025.
21Nov 25
Hindalco Unveils Strategic Expansion Plans in Investor Roadshow Presentation
Hindalco Industries Limited, a leading aluminum and copper producer, has released an investor presentation for a non-deal roadshow in Singapore from November 24-26, 2025. The presentation highlights Hindalco's strong market position, financial performance, and ambitious expansion plans. Key points include Hindalco's 5th rank among NIFTY 50 peers, H1 ROCE of 19.6%, and ₹10.00 billion allocated for growth capex. The company outlines strategic expansion plans across its aluminum and copper segments, including new facilities and capacity expansions. Hindalco's H1 FY2026 financial results show strong performance with revenue at ₹66,772.00 crores (+12.64% YoY) and net profit at ₹4,741.00 crores (+21.28% YoY). The company aims to increase recycled content to 75% across products by 2030 and reduce emissions to less than 3 tonnes of CO₂ per tonne of FRP shipped.
21Nov 25
Fire Incident at Hindalco's Novelis Plant in Oswego: No Injuries Reported
A fire broke out at the Novelis Plant in Oswego, New York, a subsidiary of Hindalco Industries Limited, on November 20, 2025. All workers were safely evacuated with no injuries reported. The fire has been extinguished, and Hindalco has informed stock exchanges about the incident. The full impact on operations is yet to be assessed.
14Nov 25
Hindalco's Q2 FY26 Profit Surges 21%, Announces Expansion Plans
Hindalco Industries posted a consolidated net profit of ₹4,741.00 crores in Q2 FY26, up 21% year-on-year. Revenue increased by 12.64% to ₹66,772.00 crores, while EBITDA rose 6% to ₹9,104.00 crores. The company announced two significant expansion initiatives: Phase 2 expansion of the Aditya Aluminium Smelter, increasing capacity by 180 Kt, and a revised $5 billion investment for the Novelis Bay Minette project. Hindalco aims to maintain its consolidated net leverage target below 2x despite these expansions.
11Nov 25
Hindalco Industries Sets Ambitious Rs 4,000 Crore Aluminium Downstream Ebitda Target for FY30
Hindalco Industries aims to achieve Rs 4,000 crore in aluminium downstream EBITDA by FY30, with an interim target of Rs 1,000 crore by FY26. Q2FY26 saw a 69% YoY growth with Rs 261 crore EBITDA. The company has increased its cost-saving target to Rs 125 million annually by FY26 and committed to a Rs 300 million long-term cost reduction programme by FY28. Novelis, Hindalco's subsidiary, faces a $60 million quarterly tariff impact but expects mitigation in the second half. The New York plant fire is expected to cause a $100-150 million EBITDA impact in Q3 and Q4, mostly covered by insurance, with full operations resuming in December.
08Nov 25
Hindalco Reports Strong Q2 FY26 Results Amid Global Volatility
Hindalco Industries Limited announced robust Q2 FY26 results with consolidated revenue up 13% to ₹66,058 crore, EBITDA up 6% to ₹9,684 crore, and PAT up 21% to ₹4,741 crore year-over-year. Novelis reported flat shipments but 10% revenue growth. The Aluminium business in India saw a 22% increase in Upstream EBITDA, while the Copper business remained resilient. Hindalco announced cost reduction initiatives and expansion plans, including the second phase expansion of Aditya Aluminium. The company maintains a focus on sustainability and operational efficiencies amid global market challenges.
07Nov 25
Hindalco Reports Robust Q2 Results with 13% Revenue Growth and 21.2% Profit Surge
Hindalco Industries Limited has reported impressive financial results for Q2 FY26. The company's consolidated revenue increased by 13% to ₹66,058.00 crore, while net profit rose by 21.2% to ₹4,741.00 crore compared to the same quarter last year. The India Aluminium Upstream segment saw a 22% increase in EBITDA to ₹4,524.00 crore, and the Aluminium Downstream segment's EBITDA surged by 69% to ₹261.00 crore. Managing Director Satish Pai attributed the strong performance to disciplined cost management, operational efficiencies, and the company's integrated business model.
07Nov 25
Hindalco Reports Strong Q2 Results, Plans ₹10,225 Crore Expansion, and Sees Increase in Debt Levels
Hindalco Industries Limited reported robust Q2 financial results with a 13% increase in consolidated revenue to ₹66,058.00 crore and a 21% growth in PAT to ₹4,741.00 crore. The company announced plans to expand its Aditya Aluminium unit in Odisha, adding 193 KT capacity with a ₹10,225.00 crore investment. Aluminium Upstream and Downstream segments showed significant growth, while Copper remained resilient. However, consolidated gross debt increased to ₹726.70 billion from ₹591.21 billion year-over-year.
06Nov 25
Hindalco Faces Downgrades After Novelis' Weak Results; Launches Dividend Claim Campaign
Hindalco's subsidiary Novelis reported disappointing results, with EBITDA declining to $422 million from $462 million. The company faced a $54 million impact from tariffs and expects a $100-150 million EBITDA hit from a fire at its Oswego plant. Multiple brokers downgraded Hindalco following these results. Separately, Hindalco launched a '100 Days Campaign - Saksham Niveshak' initiative to help shareholders claim unpaid dividends, running from July 28 to November 6, 2025.
04Nov 25
Novelis Expands Alabama Plant and Plans Oswego Mill Restart Amid Q2 FY26 Performance
Novelis Inc., a subsidiary of Hindalco Industries Limited, reported mixed financial results for Q2 FY26. Net income increased by 27% to $163 million, while Adjusted EBITDA decreased by 9% to $422 million. The company is investing in a greenfield plant in Alabama and plans to restart its Oswego mill by December 2025 following a fire incident. Novelis is implementing cost-reduction initiatives, targeting over $125 million in run-rate savings by the end of FY26. Despite challenges, the company remains optimistic about market fundamentals, particularly in beverage packaging.
04Nov 25
Novelis Reports Mixed Q2 FY2026 Results: Net Income Up 27%, Core Earnings Down
Novelis, a subsidiary of Hindalco Industries, announced its Q2 FY2026 financial results. The company reported a 27% year-over-year increase in net income to $163 million. However, net income excluding special items decreased by 37% to $113 million. This contrast between headline growth and core earnings decline suggests potential operational challenges amid special item benefits.
27Oct 25
Hindalco Shares Soar to Record High Amid Global Metal Price Rally
Hindalco Industries' shares reached a new high of Rs 836.20 on the BSE, driven by rising global metal prices. The stock gained 6.5% over three sessions and has grown over 40% year-to-date. Copper prices hit a 16-month high, with Shanghai Futures Exchange up 1.78% and LME copper rising 0.94%. Aluminum prices also increased by 0.73% on the LME. The company's stock is trading above key moving averages with an RSI of 76.2, indicating overbought conditions. Hindalco is set to announce its quarterly results on November 7.
24Oct 25
Hindalco Seals Agreement to Acquire EMIL Mines and Mineral Resources
Hindalco Industries Limited has signed a Share Purchase Agreement to acquire a 100% stake in EMIL Mines and Mineral Resources Limited (EMMRL) from Essel Mining & Industries Limited. The acquisition is expected to be completed by November 30, 2025, subject to conditions. Upon completion, EMMRL will become a wholly-owned subsidiary of Hindalco. This move aligns with Hindalco's strategy to strengthen its mining operations and enhance raw material security.
24Oct 25
Vedanta, Hindalco & Nalco Shares Surge on Rising Aluminium Prices; Hindalco's Novelis Plant Recovery Update
Major Indian aluminium producers saw significant stock rallies due to soaring global aluminium prices and tight supply-demand dynamics. Hindalco, Nalco, and Vedanta experienced price increases of 4.3%, 5.0%, and 3.5% respectively. The rally was driven by aluminium prices crossing $2,850 per tonne on the London Metals Exchange, production slowdown at Iceland's Century Aluminum, and increased US tariffs on aluminium imports. Vedanta announced plans for expansion in Odisha, while Hindalco provided updates on its AluChem acquisition and Novelis plant fire recovery.
23Oct 25
Hindalco's AluChem Acquisition Review Faces Delay Amid U.S. Government Shutdown
Hindalco Industries' step-down subsidiary, Aditya Holdings LLC, is experiencing delays in its acquisition of AluChem Companies, Inc. due to the ongoing U.S. federal government shutdown. The Committee on Foreign Investment in the United States (CFIUS) review process has been impacted, with statutory deadlines tolled and formal acceptance of the final filing pending. The review is expected to take approximately 105 days post-shutdown. Hindalco submitted a short-form declaration on August 6, 2025, followed by a long-form declaration on September 30, 2025. The company will provide updates upon completion of the review.
19Sept 25
Hindalco's Subsidiary Novelis Secures $100 Million Municipal Bond Agreement and Amends Term Loan Facility
Hindalco Industries Limited's subsidiary, Novelis Inc., has entered into a $100 million municipal bond agreement and amended its existing Term Loan credit facility. These financial moves aim to strengthen Novelis' financial position and flexibility. The company has filed a Form 8-K with the SEC and informed relevant stock exchanges about these developments.
18Sept 25
Hindalco's Novelis Plant in New York Halts Production After Fire Incident
A fire occurred at Hindalco Industries' Novelis plant in Oswego, New York on September 16, 2025, leading to a temporary production suspension. The fire was extinguished by 2:00 a.m. EDT on September 17, with no reported injuries. Hindalco has launched an investigation and is assessing the operational impact. The plant is insured for property damage and business interruption losses. The company has informed relevant stock exchanges in compliance with regulatory requirements.
29Aug 25
Hindalco Industries Executes Block Trade Worth Rs. 59.80 Crores on NSE
Hindalco Industries completed a significant block trade on the National Stock Exchange (NSE). The transaction involved 846,956 shares at Rs. 706.00 per share, totaling Rs. 59.80 crores. This large-scale trade indicates continued interest in Hindalco's shares among institutional investors and major traders. Hindalco, a subsidiary of the Aditya Birla Group, is a leading aluminum and copper manufacturer in India.
18Aug 25
Hindalco Q1: India Business Shines with 13% EBITDA Growth, Novelis Faces Headwinds
Hindalco Industries reported mixed Q1 results. India operations showed robust growth with EBITDA rising 13% YoY to ₹4,982 crores and net profit surging 45% to ₹2,847 crores. The aluminum upstream segment's EBITDA grew 17% YoY to ₹4,080 crores. Downstream aluminum business set records with EBITDA at ₹229 crores, up 108% YoY. Copper segment faced headwinds with EBITDA declining 16% YoY to ₹673 crores. Novelis, the US subsidiary, saw EBITDA decline 17% to $416 million due to high scrap prices and tariffs. Hindalco announced the acquisition of AluChem for $125 million and maintains a strong balance sheet with consolidated net debt-to-EBITDA at 1.02x.
16Aug 25
Hindalco Industries Sees 30% Profit Surge, Eyes Sustained Growth Through FY26
Hindalco Industries has reported strong financial results for the latest quarter. Net profit increased by 30% year-on-year to Rs 4,004.00 crore, while consolidated revenue rose 13% to Rs 64,232.00 crore. The company's aluminium upstream business achieved a 44% Ebitda margin, with Ebitda reaching nearly $1,500.00 per tonne. Managing Director Satish Pai expressed confidence in maintaining strong performance through FY26, contingent on LME aluminium prices staying between $2,400.00-$2,600.00 per tonne. Hindalco plans to commission two new projects in the July-September quarter: Aditya FRP and Copper IGT, expected to enhance production capabilities. The company's shares closed 5.09% higher following the announcement.
12Aug 25
Hindalco Reports Strong Q1 Results with 30% PAT Growth, No Impact from US Tariffs
Hindalco Industries posted strong Q1 FY24 results with a 30% increase in PAT to ₹4,004 crore and a 13% rise in consolidated revenue to ₹64,232 crore. The company's aluminium upstream business maintained 44% margins, while the downstream segment saw a 108% EBITDA growth. Novelis reported 1% growth in shipments and 8% increase in beverage can volumes. The board approved acquisitions of AluChem Companies Inc. for $125 million and EMIL Mines and Mineral Resources Limited. Management stated US tariffs had no impact on Indian operations during Q1.
11Aug 25
Novelis Reports Q1 FY2026 Results and Launches $750 Million Cash Tender Offer
Novelis Inc., a subsidiary of Hindalco Industries, released its Q1 FY2026 financial results, showing a 36% decrease in net income to $96 million. Net sales increased by 13% to $4.7 billion, while adjusted EBITDA fell 17% to $416 million. The company faced challenges from higher scrap prices but maintained strong demand in key sectors. Novelis has accelerated its cost reduction program, now targeting over $100 million in savings by FY2026 end. The company continues progress on strategic projects, including the Bay Minette plant. Novelis Corporation has also initiated a cash tender offer for its 3.250% Senior Notes due 2026 and plans to issue $750 million in new senior unsecured notes due 2033.
11Aug 25
Novelis Q1 FY26: Net Income Falls 36% Despite 13% Revenue Growth
Novelis Inc., a subsidiary of Hindalco Industries, reported Q1 FY26 results with 13% YoY revenue growth to $4.70 billion, driven by higher aluminum prices and a 1% increase in shipments. However, net income fell 36% to $96 million, and Adjusted EBITDA decreased 17% to $416 million due to higher scrap prices, unfavorable product mix, and tariff impacts. The company accelerated its cost reduction program, now targeting over $100 million in savings by FY26 end. Novelis continues strategic investments in new facilities and expansions, maintaining $3.00 billion in total liquidity.
07Aug 25
31 Companies Announce Dividends: MCX, Indian Oil, Hindalco Among Key Players
31 companies have announced dividend payments, with Thursday as the deadline for share purchase to qualify. Key announcements include MCX (Rs 30.00 per share), Indian Oil Corporation (Rs 3.00 per share, total payout Rs 4,236.40 crore), Hindalco Industries (Rs 5.00 per share), and Ceat (Rs 30.00 per share). Other companies include Mankind Pharma, ABB India, Aurobindo Pharma, Paras Defence and Space Technologies, and Quess Corp. The government, holding 51.5% stake in Indian Oil, will receive Rs 2,181.65 crore. Investors must purchase shares before the record date under India's T+1 settlement cycle to be eligible for dividends.
04Jul 25
Copper Wire Rod Imports Face Renewed Duties, Potential Impact on Metal Industry
The Directorate General of Trade Remedies (DGTR) has reimposed five-year duties on copper wire rod imports from four Southeast Asian countries to protect the domestic industry. This decision aims to create a more level playing field for Indian manufacturers. The specific countries affected and exact duty rates were not disclosed. This move could potentially impact major players in the metal industry like Hindalco Industries and alter the competitive landscape for copper wire rod in India.
25Jun 25
Hindalco's Subsidiary Expands into Low-Soda Tabular Alumina Market with $125 Million AluChem Acquisition
Hindalco Industries' subsidiary, Aditya Holdings LLC, has acquired US-based AluChem Companies, Inc. for $125 million. This marks the first entry by an Indian company into the low-soda tabular alumina segment. AluChem has an annual production capacity of 60,000 tonnes and three manufacturing facilities in Ohio and Arkansas, USA. The acquisition strengthens Hindalco's position in the specialty alumina market and expands its footprint in North America.
24Jun 25
Hindalco Industries to Acquire US-Based AluChem for $125 Million, Marking First Indian Entry into Low-Soda Tabular Alumina Segment
Hindalco Industries, through its subsidiary, is acquiring 100% equity in AluChem Companies, Inc. for $125 million. This marks the first entry by an Indian company into the low-soda tabular alumina segment. AluChem has an annual capacity of 60,000 tonnes across three facilities in Ohio and Arkansas, USA. The acquisition aims to expand Hindalco's specialty alumina portfolio, strengthen its presence in North America, and diversify its product range in the aluminum chemicals market.
19Jun 25
Hindalco Expands Global Footprint with Acquisition of Aditya Holdings LLC in U.S.
Hindalco Industries has acquired Aditya Holdings LLC in the United States, marking a significant step in its global expansion strategy. This strategic move aims to strengthen Hindalco's international presence, particularly in the North American market. The acquisition is expected to enhance Hindalco's market position, diversify its product portfolio, and provide access to new technologies and customer bases. While specific details are undisclosed, the move may lead to increased production capacity, market share growth, and potential operational synergies.
21May 25
Hindalco Industries' Q4 Profit Soars 41%, Beats Estimates; Announces Dividend
Hindalco Industries posted impressive Q4 results with net profit up 41% YoY to Rs 5,283.00 crore and revenue growth of 11.1% to Rs 64,890.00 crore. The company declared a dividend of Rs 5.00 per share. Analysts maintain a positive outlook, citing downstream project ramps and captive coal mining operations as key growth drivers. JPMorgan and Citi have raised their target prices for Hindalco stock in response to the strong performance.
21May 25
Hindalco Reaffirms Renewable Energy Goal, Plans to Announce Capital Spending Guidance
Hindalco Industries has restated its target to achieve 300 megawatts of renewable energy capacity by H1 2025. The company also announced plans to provide guidance for next year's capital spending in Q3 of the current year. These initiatives demonstrate Hindalco's commitment to sustainable practices and financial transparency, potentially influencing investor confidence and the company's competitive position in the metals industry.
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