satish pai

Novelis Record Financial Performance Shines Amid Dim Results For Hindalco In FY ‘20’s First Quarter

Novelis Record Financial Performance Shines Amid Dim Results For Hindalco In FY ‘20’s First Quarter

Indian metals firm Hindalco reported results for the first quarter of fiscal year 2020 last week. Though the market presented the firm a challenge in the quarter, Hindalco says stable operational performance carried it through. In the first quarter Hindalco’s consolidated EBITDA...

Events

Century Signs Two-Year Power Deal With Santee Cooper To Power Mt. Holly Smelter

American aluminium smelter Century Aluminum announced the signing of a two-year power contract with the South Carolina Public Service Authority (Santee Cooper) for its Goose Creek smelter, assuring its operation through at least the close of 2020. Per the company’s press release, the contract mandates that the Mt. Holly smelter will continue to purchase one […]

Utkal Alumina Expansion To Be Complete Within 30 Months – Hindalco’s Pai

Hindalco subsidiary Utkal Alumina International told domestic media on Wednesday that the 500 thousand metric ton per annum expansion at its plant in Rayagada is scheduled to be completed within the next 2-1/2 years. Hindalco’s managing director Satish Pai elaborated upon the firm’s progress at the plant. “Our Utkal plant remains the most efficient producer […]

Continuing Rebound in Aluminium Prices Boost Hindalco’s Q3 Net Profits by 17 Percent

Aditya Birla Group’s aluminium arm Hindalco Industries Ltd. released results for the just-ended third quarter of fiscal year 2018 late last week. The firm’s financials were markedly improved in the quarter thanks to the recovery of aluminium prices among other factors. The firm’s revenues in the quarter of INR11,023 crore were up quarter-on-quarter from last […]

Novelis to Open US$300 MM Automotive Aluminium Sheet Plant in SW Kentucky

American rolled and recycled aluminium firm Novelis Inc. unveiled plans yesterday to construct and operate a 200-thousand-metric-tons-per-annum automotive aluminium sheet manufacturing facility in Guthrie, Kentucky. Per the firm’s press release, the US$300 million greenfield facility will feature heat treatment and pre-treatment lines for use in producing aluminium sheet for subsequent molding into such automotive parts […]