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…
Orders are pouring in for RVNL. After the company acquired a Rs 554.64 crore contract from NHAI, RVNL’s share price increased 3.4% to reach the day’s high of Rs 342. The order must be completed in 730 days, or just over two years. In the State of Andhra Pradesh, under NH (O) on Hybrid Annuity…
Following a decision from the National Company Law Tribunal (NCLT), ITC Ltd. stated on Tuesday that it has set January 1, 2025, as the effective date for the demerger of its hotel sector. The business disclosed in a regulatory filing that NCLT had issued an order approving the deal. The demerger between ITC Limited and…
A slight recovery is anticipated in the second half of FY25 as the cement industry navigates through a cyclical trough. The demand is undoubtedly slowing down after a strong expansion in FY22 and FY24. Cement consumption in India has historically increased at about 6% in tandem with GDP development. Nonetheless, over the last three years,…
Welspun Corp Limited revealed on Monday that it had received an order for coated LSAW pipes and bends for sour service from the Middle East. The company stated in a regulatory filing that these orders will be executed in FY25 and FY26. This means that since the company’s last declaration on July 24, 2024, the…
One of the top gainers on the Nifty Midcap 50 Index on August 17 was Bata India, which concluded Thursday’s trading up 6% at Rs 1,739. The company’s probable cooperation talks with Adidas, a different industry powerhouse, to strengthen its position in the Indian market, are the source of the market rumor. The formal confirmation…
Coal India reported a profit for the first quarter of its fiscal year of Rs 7,941.40 crore, above expectations despite a 10.1% decrease from the same quarter last year’s profit of Rs 8,834.22 crore. Higher costs have a negative impact on the company’s profit. It reported operating revenue of Rs 35,983.21 crore, an increase of…
Oil corporations are making ₹10 per liter on petrol sales, but retail prices haven’t dropped to make up for earlier losses and a ₹6.50 per liter loss on diesel, a report said. The prices of petrol and diesel have not been updated by state-owned IOC, BPCL, and HPCL in pace with inflation for the past 15 months….
