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Hindalco tanks 8% on buzz of Aleris acquisition worth $2.5 billion


According to sources to CNBC-TV18, the company and its Canadian arm, Novelis, is in process of raising debt for the said deal. Investors may have taken note of this point as the firm already has a consolidated net debt of Rs 40,000 crore.

US faces retaliatory tariffs from India, China and others: Congressman

19-07-2018| Source:PTI

The Trump administration's decision in March to impose tariffs on aluminium and steel imports has triggered a trade war with several countries including China, which has announced retaliatory

India engaged with US for amicable solution on duty issue: Com Min

18-07-2018| Source:PTI

He said the US had unilaterally hiked import duties on Indian steel and aluminium imports.

Secondary aluminium industry players urge government to remove duty on scrap import

18-07-2018| Source:PTI

The Aluminium Association of India (AAI) wants the duty to be raised to 10 percent, a move which will take away jobs of thousands of people working in the downstream and ancillary industry, Metal

Sell Hindalco Industries, target Rs 195: Jayant Manglik


Traders are advised to create fresh short positions in the range of Rs 215-218. It closed at Rs 212.40 on July 16, 2018. Sell July futures for target of Rs 195, says Jayant Manglik of Religare Broking.

India keen to join Russia in WTO case against US on steel, aluminium duties

16-07-2018| Source:PTI

steel and aluminium products. In a communication to the WTO, India has stated that it has substantial trade interest in the sector.In May, India had already dragged the US to the World Trade Organisations

Hindalco Q1 PAT seen up 16% YoY to Rs. 335.9 cr: ICICI Direct


Net Sales are expected to decrease by 8.2 percent Y-o-Y (down 23.2 percent Q-o-Q) to Rs. 8,966.4 crore, according to ICICI Direct.

US tariff on steel import may indirectly affect India: Minister

13-07-2018| Source:PTI

Singh had earlier said the US' levy of heavy tariffs on imported steel and aluminium would not have any major impact on steel production in India as steel export to US was only 3.3 percent

Arfin India: Emerging smallcap riding value added aluminium products wave


, Arfin India, which is into aluminium products, has consistently evolved its product categories through innovative techniques and research to stand tall in its category. During March, the company

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