Novelis Inc. (a wholly owned subsidiary of Hindalco Industries) today announced that its indirect wholly owned subsidiary, Novelis Corporation, has priced an offering of $750 million aggregate principal amount of 6.875% senior notes due in January 2030 (Notes), which represents an increase of $250 million from the offering size previously announced. The Notes were priced at par value and will bear an interest rate of 6.875% per annum. The Notes are being offered in a private offering that is exempt from registration under the Securities Act of 1933, as amended (Securities Act). The Notes will be guaranteed, jointly and severally, on a senior unsecured basis, by Novelis, and by certain of Novelis` subsidiaries. Novelis expects to close the offering of the Notes on 13 January 2025, subject to the satisfaction of customary closing conditions. Novelis intends to use the net proceeds from the offering to repay $738 million of outstanding borrowings under its revolving credit facility and to use any remaining net proceeds to fund cash on its balance sheet for general corporate purposes. Powered by Capital Market - Live News

Hindalco Industries will hold a meeting of the Board of Directors of the Company on 13 February 2025.Powered by Capital Market - Live News

Net profit of Hindalco Industries rose 78.01% to Rs 3909.00 crore in the quarter ended September 2024 as against Rs 2196.00 crore during the previous quarter ended September 2023. Sales rose 7.45% to Rs 58203.00 crore in the quarter ended September 2024 as against Rs 54169.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales58203.0054169.00 7 OPM %13.5410.36 - PBDT8089.005041.00 60 PBT6157.003198.00 93 NP3909.002196.00 78 Powered by Capital Market - Live News

Hindalco Industries will hold a meeting of the Board of Directors of the Company on 11 November 2024.Powered by Capital Market - Live News

Hindalco Industries announced the cessation of Kailash Nath Bhandari [DIN: 00026078] as an Independent Director of the company with effect from 29 August 2024. Powered by Capital Market - Live News