Mumbai: Novelis Inc, the US-based aluminium products company of the Aditya Birla Group-controlled Hindalco Industries, is set to list on the New York Stock Exchange in around two weeks, people aware of the matter said. Novelis on Tuesday launched a roadshow for its proposed initial public offering (IPO), where Indian parent Hindalco plans to sell … Read more
“I think that in Q1, we should probably do better than that because our cost of production is going to be a couple of percentage points lower than Q4,” says Satish Pai, MD, Hindalco.Let us first talk about the India operations. Your aluminium upstream shipments were flat on a sequential basis, but downstream and the … Read more
MUMBAI: Commodities tycoon Kumar Mangalam Birla plans to launch an IPO of his aluminium company, Novelis, in the US market, making the Aditya Birla Group the first Indian conglomerate to sell common shares to the public there.Novelis, however, will be the second company from the Aditya Birla stable to go for an overseas listing after … Read more