In the ongoing coal auction, Hindalco has aggressively bid for mines and has already bagged 4 in Jharkhand and Chhattisgarh Aditya Birla group’s metals major, Hindalco is one of the accused in the coal scam along with its managing director Debu Bhattacharya and group chairman Kumar Mangalam Birla and have been summoned to the court on April 8. While the coal scam overhang has negatively impacted the company, operationally the company improved its top line in the recent ... Rediff.com, 1 month ago
Increased use of aluminium in cars, global expansion to drive the company's fortunes Image: Western automakers are embracing aluminum. Photograph: Lee Jae-Won/Reuters. Kumar Mangalam Birla-owned Hindalco may be facing headwinds at home – fighting CBI (Central Bureau of Investigation) cases and de-allocation of mines, but its North America-based subsidiary, Novelis is all set for a sharp revival of its fortunes in 2015. This will be great news for the group, which wants to show its $6 ...Rediff.com, 2 months ago
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