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Hindalco ups the ante: More metal, stronger margins

Mint Kolkata

|

April 04, 2025

Inching up Novelis has seen good growth in its Ebitda per tonne over the past decade and plans to improve it further to $600 in the long-run.

- Manvi Agarwal

Hindalco Industries Ltd has made one thing clear—the metals giant is going all in on scale and efficiency. With a $10 billion capex plan split between India and arm Novelis Inc. over FY24-29, Hindalco is working for sustained growth, with a sharp focus on margins and cash flows.

Novelis will chase the long-term $600 per tonne adjusted EBITDA mark versus $406 and $489 in Q3FY25 and Q2FY25, respectively. The road map sees scale benefits from the Bay Minette project, pricing gains from beverage can contracts, a richer product mix leaning on auto sheets, and operational efficiencies.

MEER VERHALEN VAN Mint Kolkata

Mint Kolkata

Equity market fails to hold gains

India’s equity benchmarks struggled to hold onto record highs on Monday as investors worried that outflows might persist amid uncertainty over a trade deal with the US.

time to read

1 min

December 02, 2025

Mint Kolkata

'Banks can't rely on service providers'

As banks worldwide double down on digital transformation, Reserve Bank of India (RBI) deputy governor Swaminathan J. has cautioned lenders that they cannot simply rely on third-party service providers for outsourced solutions.

time to read

1 min

December 02, 2025

Mint Kolkata

Mint Kolkata

Your attention is the new currency for India’s streaming apps

India’s video-streaming platforms are beginning to value deeper, higher-quality viewer engagement, with watch time and total minutes viewed becoming core indicators amid plateauing paid subscriptions.

time to read

2 mins

December 02, 2025

Mint Kolkata

Mint Kolkata

Mehli Mistry quits Ratan Tata’s Small Animal Hospital

Tata Trusts’ former trustee and late Ratan Tata’s close confidant, Mehli Mistry, has resigned from the board of his friend's cherished project, Small Animal Hospital Trust, which claims to have become India’s largest specialty hospital for pet animals.

time to read

1 mins

December 02, 2025

Mint Kolkata

Mint Kolkata

Mandatory app may trigger pushback

misuse of mobile phones in various scams.

time to read

2 mins

December 02, 2025

Mint Kolkata

Top weapon firms' revenue up 6%

The world’s biggest weapons-producing companies saw a 5.9% increase in revenue from sales of arms and military services last year as demand was fed by the wars in Ukraine and Gaza as well as countries’ rising military spending, according to a report released Monday.

time to read

1 min

December 02, 2025

Mint Kolkata

Mint Kolkata

E-tailers bank on creator content to draw shoppers

Broader selection of products and quicker delivery are no longer adequate to attract buyers

time to read

3 mins

December 02, 2025

Mint Kolkata

Mint Kolkata

Gen Z shoppers aren't spending like retailers need them to

More than other generations, 20-somethings are tightening their holiday-season budgets because of economic pressures

time to read

4 mins

December 02, 2025

Mint Kolkata

Mint Kolkata

Automakers report brisk sales in Nov, demand remains robust

With demand continuing to be strong post the festive season, leading automakers, Maruti Suzuki, Tata Motors and Mahindra & Mahindra, saw robust sales growth in November as compared to a year ago.

time to read

1 mins

December 02, 2025

Mint Kolkata

Gold soars ₹3,040 on global cues

Gold prices surged by ₹3,040 to ₹1,33,200 per 10 gm in the national capital on Monday, tracking strong global trends and a weak US dollar, according to the All India Sarafa Association.

time to read

1 min

December 02, 2025

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