Hindalco Industries calculated that the September 16 incident at the Novelis factory in the United States had a negative free cash flow impact of $550–650 million. According to the company, the losses have an impact on adjusted EBITDA of between $100 and $150 million. Additionally, according to the Aditya Birla Group firm, Novelis would have…
According to Kumar Mangalam Birla, chairman of the Aditya Birla Group, Hindalco plans to invest Rs 45,000 crore over the next three years in its copper, aluminum, and specialized alumina subsidiaries. The investment will be directed toward next-generation high-precision designed products and upstream operations. While speaking at the launch of its new corporate identity, Birla…
The Aditya Birla Group plans to invest Rs 1,250 crore in its financial services division, Aditya Birla Capital Ltd. According to a statement on Thursday, the board of Aditya Birla Capital Ltd. (ABCL), which engages in lending, asset management, and insurance, approved a preferential issue of Rs. 1,250 crores to its promoter and promoter group…
