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

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

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

Next Story
Infrastructure Transport

Banihal Bypass Started, Milestone Achieved By NHAI On NH44

The National Highways Authority of India (NHAI) has achieved another milestone on the Jammu-Srinagar four-lane highway after nearly four years of construction. The NHAI has completed the Banihal Bypass, and one side of the bypass was opened for traffic following a post by Union Minister for Road Transport and highways Nitin Gadkari on his official X handle. Traffic has been allowed from Jammu to Srinagar on one tube of the much awaited Banihal bypass.Project head of Banihal bypass from NHAI Kumar Jainendra told Greater Kashmir that the full public cooperation and support from locals was u..

Next Story
Infrastructure Transport

Hyderabad: Rs 70 Bn Sanctioned For Road Infra Works

As part of the Hyderabad City Innovative and Transformative Infrastructure (H-CITI) program the state government sanctioned Rs 70 billion for 38 works, including the construction of flyovers, underpasses, and road-over-bridges (ROB) to ease the traffic in various parts of Hyderabad and its nearby municipalities. As part of the Strategic Road Development Programme (SRDP) initiated by the previous BRS government, several flyovers and road infrastructure projects were taken up mostly under the limits of the Greater Hyderabad Municipal Corporation (GHMC). Out of the 42 works under SRDP, 36 projec..

Next Story
Infrastructure Transport

India's Second Cable-Stayed Bridge to Be Built In Howrah

Eastern Railways is set to construct India’s second cable-stayed steel deck bridge in Howrah, aimed at easing traffic congestion on the Howrah Bridge. The new bridge will span the existing GT Road route, linking Howrah Station with the Howrah Bridge. The new structure is a response to the rising volume of vehicular traffic, which has been placing significant strain on the 75-year-old Howrah Bridge, leading to regular traffic jams and delays.The new cable-stayed bridge will feature a four-lane design and will measure 134 m in length, an expansion from the existing 60 meters of the Chandmari B..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000