Aditya Birla Group

Novelis to Raise up to US$1.1 bln via Bond Issue

Novelis to Raise up to US$1.1 bln via Bond Issue

Rolled and recycled aluminium firm Novelis Inc. announced a bond issue yesterday intended to raise up to US$1.15 billion for refinancing debt. Novelis initially intended to use the funds to repurchase US$500 million of US$1.1 billion worth of notes due next year,...

Events

Novelis Appoints Devinder Ahuja to SVP, CFO

Atlanta-based rolled aluminium firm Novelis Inc. announced yesterday that Devinder Ahuja has been appointed its Senior Vice President, Chief Financial Officer. Ahuja will join the firm first as Senior Vice President, Finance, and Chief Financial Officer Designate on July 19, and would then become its official CFO after it files its 10-Q for the financial […]

Indian Aluminium Firms Renew Call for Tariffs After Action on Imported Steel

India’s aluminium manufacturers continue to lobby their government for protection against low-price imports this week. Representatives from domestic aluminium firms are asking government officials to establish a minimum import price to help stave off what the firms consider dumping from several countries, not the least of which is the People’s Republic of China. “The government […]

Novelis Opens Third Automotive Aluminium Finishing Line in Upstate New York

Atlanta rolled aluminium firm Novelis Inc. commissioned its third automotive finishing line in Oswego, New York, yesterday. It is the result of the company’s US$120 million investment in turning out aluminium parts for Ford Motor Company’s F-150 light truck. “As a result of our investments across the globe, Novelis is able to offer our automotive customers […]

Hindalco Stock Corrected 6% Over Past Two Trading Sessions

Stock of India’s Hindalco Industries Ltd. has experienced a 6% correction over the last two trading periods on the National Stock Exchange of India. Experts say the slide in the Aditya Birla Group subsidiary is due to a similar dip in the price of primary aluminium on the LME. Although the sector has experienced a […]

Sachin Satpute Named Senior VP of Novelis

Aluminium rolling and recycling firm Novelis announced last week that Sachin Satpute has been nominated to the position of Senior Vice President, Novelis Inc. and President, Novelis Asia, effective June 1, 2016. Satpute is a veteran of the aluminium industry, having almost three decades of experience in the field. He was most previously Chief Marketing […]