BSE - Free Realtime Quote • INR Hindalco Industries Limited (HINDALCO.BO) Follow Compare 605.10 -2.85 (-0.47%) As of 11:12:27 AM GMT+5:30. Market Open. All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Hindalco Industries Ltd (BOM:500440) Q2 2025 Earnings Call Highlights: Record Profits and ... Hindalco Industries Ltd (BOM:500440) reports a 78% increase in net profit and unveils ambitious growth projects amidst global challenges. India's Hindalco beats Q2 profit view on higher aluminium prices (Reuters) -India's Hindalco Industries, one of the country's largest aluminium and copper producers, posted a better-than-expected second-quarter profit on Monday, helped by higher aluminium prices. The company, owned by the Aditya Birla Group, said its consolidated net profit jumped 78% to 39.09 billion rupees ($463.3 million) for the three months ended Sept. 30, beating estimates. The benchmark aluminium and copper prices on the London Metal Exchange rose 20% and 24%, respectively, from the second quarter of last year. India's Hindalco plans to enter solar module manufacturing, sources say India's Hindalco Industries plans to start solar modules manufacturing and set up a plant in the western state of Gujarat, two people familiar with the matter told Reuters on Tuesday. The company, owned by cement to fashion retail conglomerate Aditya Birla Group, is evaluating a five-year plan in the competitive sector, one of the sources said. Hindalco has identified land in port town Mundra in Gujarat, the second person said. How to invest in the Indian stock market India’s stock market capitalisation topped $4.3tn to overtake Hong Kong as the world’s fourth-largest market. Indian shares' longest rally in 2024 tempered by caution ahead of Powell's speech BENGALURU (Reuters) -Indian shares rose for a seventh straight session on Friday, their longest rally this year, although the magnitude of the gains eased as caution set in ahead of Federal Reserve Chair Jerome Powell's speech, expected to give cues on U.S. rate cuts. While the market's outlook remains positive, "caution prevailed on the session as investors contemplated if the Fed is behind the curve or ahead in terms of rate easing," said Aishvarya Dadheech, chief investment officer at Mumbai-based Fident Asset Management. Asian markets were flat, while European markets inched higher, ahead of Powell's speech, due after India market hours. Hindalco to spend $10 billion to expand India business and Novelis, chairman says India's Hindalco Industries will spend $10 billion to expand its domestic business and U.S.-based aluminium recycler Novelis Inc, Chairman Kumar Mangalam Birla said during the metals refiner's shareholder meeting on Thursday. Hindalco would use the $10 billion for the ongoing aluminium and copper expansion projects as well as new ones, such as Novelis' Bay Minnette project in the United States, he said. The Aditya Birla Group-owned company, which plans to expand its copper smelting capacity, is also exploring setting up a brownfield facility in Gujarat for copper. Adani, Hindalco show interest as Hindustan Copper plans to develop two mines, source says India's state-owned Hindustan Copper plans to develop two of its copper mines for which Adani Enterprises and Hindalco Industries have shown preliminary interest, a source with direct knowledge of the matter said. "Adani and Hindalco attended the pre-bid conference earlier today," the source said, declining to be identified due to the sensitive nature of discussions. Both Adani Enterprises and Hindalco did not immediately respond to a Reuters requests for comment. Hindalco-owned Novelis delays US IPO; shares slide New York (Reuters) -Hindalco Industries said on Tuesday its U.S-based unit Novelis has postponed its initial public offering (IPO) due to weak market conditions, sending shares of billionaire Kumar Mangalam Birla's company down as much as 6.5%. In May, aluminium recycler Novelis said that it was targeting a valuation of up to $12.6 billion in its U.S. IPO, with Hindalco looking to raise up to $945 million through the sale of 45 million shares at a price of $18 to $21 apiece. The delay will likely have a short-term negative impact on Hindalco, said Sneha Poddar, associate vice president at Motilal Oswal Financial Services, adding that the company remains a good pick among metal stocks as its domestic and U.S.-based business has reported strong results in the previous quarter. Aluminum recycler Novelis targets up to $12.6 billion valuation in US IPO (Reuters) -Novelis, owned by Indian billionaire Kumar Mangalam Birla's Hindalco Industries, is targeting a valuation of up to $12.6 billion in its initial public offering in the United States, the aluminum products maker said on Tuesday. The world's largest recycler of aluminum, whose customers include Coca-Cola, Ford, Jaguar LandRover, said its parent is looking to raise up to $945 million through the sale of 45 million shares at a price of $18 to $21 per share. After being on ice for the last two years, the IPO market is on the road to recovery as a booming stock market and economic resilience spur companies to list their shares. Aluminum products maker Novelis makes US IPO filing public The company is moving ahead with a listing at a time when the U.S. IPO market is on a rebound this year, after a two-year lull, on hopes of a "soft landing" for the economy, where inflation falls without a recession or big job losses. Novelis is seeking to complete the planned IPO as soon as early June, Bloomberg News reported, citing people familiar with the matter. Novelis, a leading producer of flat-rolled aluminum products, did not immediately respond to a Reuters request for comment for more details on the IPO. UPDATE 3-Aluminum products maker Novelis makes US IPO filing public Aluminum products maker Novelis, owned by Indian conglomerate Aditya Birla Group's Hindalco Industries, made public its filing for an initial public offering in the United States on Monday. The company is moving ahead with a listing at a time when the U.S. IPO market is on a rebound this year, after a two-year lull, on hopes of a "soft landing" for the economy, where inflation falls without a recession or big job losses. Novelis is seeking to complete the planned IPO as soon as early June, Bloomberg News reported, citing people familiar with the matter. UPDATE 2-India's Hindalco mulls seeking $1.2 bln in Novelis IPO, Bloomberg News reports Hindalco Industries , owned by Indian billionare Kumar Mangalam Birla, is considering seeking about $1.2 billion in the initial public offering of its U.S.-based unit Novelis, Bloomberg News reported on Wednesday. Hindalco, one of India's largest aluminium and copper producers, may target a valuation of about $18 billion for Novelis, which the Birla group will seek to list on the New York Stock Exchange by September, the report added, citing people familiar with the matter. Aluminum products maker Novelis confidentially files for US IPO Aluminum products maker Novelis has confidentially filed papers with the SEC, joining the likes of Reddit seeking to gauge investor interest in an IPO. Performance Overview Trailing total returns as of 1/24/2025, which may include dividends or other distributions. Benchmark is S&P BSE SENSEX Return HINDALCO.BO S&P BSE SENSEX YTD +0.48% -2.00% 1-Year +12.30% +8.97% 3-Year +22.14% +29.89%