Hindalco Q1FY22 results: Consolidated profit at Rs 2,787 cr
Steel

Hindalco Q1FY22 results: Consolidated profit at Rs 2,787 cr

On Friday, Hindalco Industries announced a consolidated profit after tax of Rs 2,787 crore for the quarter that ended June 30, 2021.

The metal major of the Aditya Birla group had a consolidated loss of Rs 709 crore in the previous financial year.

According to a regulatory filing by the company, consolidated revenue from operations increased to Rs 41,358 crore in April-June from Rs 25,283 crore the previous year.

Novelis and the India business produced excellent results, aided by favourable macroeconomics, a strategic product mix, and operational stability.

Due to increased demand for innovative and sustainable aluminium products, as well as strong operational results, Novelis reported an all-time high quarterly EBITDA.

Hindalco has strengthened its efforts to protect employees and the community in anticipation of the third wave of Covid.

Over 51,000 employees have received at least one dose of the vaccine.

The government and Hindalco are working together in some states to vaccinate residents at the company's hospitals and health centres.

Hindalco's dedicated team of 245 paramedics and 77 doctors is available to serve its employees and the surrounding community 24 hours a day.

Hindalco has improved its medical infrastructure by equipping its hospitals and health centres with critical care equipment such as CT scanners, establishing oxygen lines in remote locations to serve patients in need of ICU care, and expanding its lab testing capabilities.

Hindalco's medical teams have been strengthened, with paediatricians added and paramedics upgraded.

The Aditya Birla Group's metals flagship company is Hindalco Industries Limited.

Hindalco's acquisition of Aleris Corporation by its subsidiary Novelis Inc. in April 2020 solidified the company's position as the world's largest flat-rolled products manufacturer and recycler of aluminium.

Hindalco's cutting-edge copper plant includes a world-class copper smelter, a fertiliser plant, and a captive jetty. At a single location, the copper smelter is one of Asia's largest custom smelters.

Image Source


Also read: Hindalco to invest around Rs 10k cr in Hirakud, Silvassa, Mundra plant

Also read: Hindalco to restart all projects on hold, plans to invest Rs 2,700 cr

On Friday, Hindalco Industries announced a consolidated profit after tax of Rs 2,787 crore for the quarter that ended June 30, 2021. The metal major of the Aditya Birla group had a consolidated loss of Rs 709 crore in the previous financial year. According to a regulatory filing by the company, consolidated revenue from operations increased to Rs 41,358 crore in April-June from Rs 25,283 crore the previous year. Novelis and the India business produced excellent results, aided by favourable macroeconomics, a strategic product mix, and operational stability. Due to increased demand for innovative and sustainable aluminium products, as well as strong operational results, Novelis reported an all-time high quarterly EBITDA. Hindalco has strengthened its efforts to protect employees and the community in anticipation of the third wave of Covid. Over 51,000 employees have received at least one dose of the vaccine. The government and Hindalco are working together in some states to vaccinate residents at the company's hospitals and health centres. Hindalco's dedicated team of 245 paramedics and 77 doctors is available to serve its employees and the surrounding community 24 hours a day. Hindalco has improved its medical infrastructure by equipping its hospitals and health centres with critical care equipment such as CT scanners, establishing oxygen lines in remote locations to serve patients in need of ICU care, and expanding its lab testing capabilities. Hindalco's medical teams have been strengthened, with paediatricians added and paramedics upgraded. The Aditya Birla Group's metals flagship company is Hindalco Industries Limited. Hindalco's acquisition of Aleris Corporation by its subsidiary Novelis Inc. in April 2020 solidified the company's position as the world's largest flat-rolled products manufacturer and recycler of aluminium. Hindalco's cutting-edge copper plant includes a world-class copper smelter, a fertiliser plant, and a captive jetty. At a single location, the copper smelter is one of Asia's largest custom smelters. Image Source Also read: Hindalco to invest around Rs 10k cr in Hirakud, Silvassa, Mundra plant Also read: Hindalco to restart all projects on hold, plans to invest Rs 2,700 cr

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement