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The company also recorded a consolidated EBITDA of Rs 9,100 crore, up 49 per cent year-over-year, driven by reduced input costs and increased production volumes
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Following the disappointing performance, Hindalco's subsidiary Novelis is facing more difficulties as Constellium SE reported weak demand in the automobile industry
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The MoU with Hindalco Industries signifies a strategic partnership to ensure a steady supply of marine-grade aluminium for these construction projects
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The potential IPO, subject to approval from the US Securities and Exchange Commission (SEC), might see Novelis listed on the New York Stock Exchange by September
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