NEW DELHI, MAY 28, 2024 (TBB BUREAU): US-based Novelis Inc., a subsidiary of Hindalco Industries, is set to launch an initial public offering (IPO) to raise up to USD 945 million, with an estimated equity valuation of up to USD 12.6 billion. In this public issue, approximately 45 million shares will be sold by Novelis Inc.’s sole shareholder, A V ...

  TBB BUREAU BHUBANESWAR, DEC 12, 2023 Hindalco Industries, the world’s largest aluminium rolling and recycling company, plans to significantly expand its manufacturing capacity of fine-quality aluminium foil that is used in rechargeable batteries to serve the rapidly growing market for electric vehicles (EVs) and energy storage systems. The company is investing Rs.800 crore to build a new plant near ...

TBB BUREAU BHUBANESWAR/TIKIRI, JUNE 17      Utkal Alumina International Limited (UAIL), a unit of Hindalco Industries Limited, and Entrepreneurship Development Initiative of India (EDII) signed a memorandum of understanding (MoU) on Wednesday, to set up a Rural Business Incubation Centre ‘UDYAMEEE’ in Kashipur Block under Rayagada District.   The MoU was signed by Utkal Alumina Unit Head Mazhar Beig, and ...