Select Page

Cohizon Life Sciences welcomes seasoned former Hindalco executive as new Chief Information Officer to drive digital transformation.

Here is a summary of the content in 400 words:

Cohizon Life Sciences, a specialty chemicals company, has appointed Navin Nathani as its new Chief Information Officer (CIO). Nathani shared the news on LinkedIn, expressing his excitement about the new role. He brings over 20 years of experience in various sectors, including manufacturing, FMCG, and insurance.

Prior to joining Cohizon, Nathani was the General Manager and Head of IT at Hindalco, where he successfully led numerous technology projects. He has also worked with notable organizations such as General Mills, Blue Star, Deloitte, and Wipro Infotech. Nathani has a Bachelor’s degree in Commerce from Mumbai University and a Certificate in Foundational UX Design from Google through Coursera.

Aside from his corporate achievements, Nathani is also actively involved in community engagement through the Google Local Guides program. His diverse experience and skills will be an asset to Cohizon as the company continues to grow and evolve.

Cohizon, formerly known as Sajjan India Limited, recently rebranded in December. The company is a leading manufacturer of Active Ingredients, Electronic Chemicals, Specialty Chemicals, and Intermediates, catering to various sectors, including Agro, Pharma, and Dyes & Pigments. Headquartered in Mumbai, Cohizon has been operational since 1983.

The appointment of Nathani as CIO is a significant milestone for Cohizon, and his wealth of experience will undoubtedly contribute to the company’s continued success. As a seasoned professional with a strong background in IT and technology, Nathani is well-equipped to drive digital transformation and innovation within the company, further solidifying Cohizon’s position in the industry.

Hindalco and Balco will increase their prices for aluminium ingots by up to INR 3,750 per ton, while NALCO will raise its prices by INR 6,700 per ton, equivalent to $76 per ton.

NALCO, a leading mining and metals company in India, has increased the price of its primary aluminium ingots (P1020, 99.7%) by INR 6,700 per ton ($76 per ton) on February 7, 2025. The current price stands at INR 271,600 per ton ($3,141 per ton), up from INR 264,900 per ton ($3,029 per ton) on January 24, 2025. Prices are ex-works and do not include GST.

Other Indian primary producers have also increased the price of their aluminium ingot (P1020, 99.7%) by up to INR 3,750 per ton ($42 per ton) compared to January 6, 2025. Hindalco’s prices rose to INR 274,750 per ton ($3,142 per ton), up INR 3,750 per ton ($42 per ton), while Balco’s prices climbed to INR 275,250 per ton ($3,148 per ton), also up INR 3,750 per ton ($42 per ton). All prices are ex-works and do not include GST.

The revised prices are compared to the prices of aluminium futures on the London Metal Exchange (LME), which stood at $2,643 per ton at the time of reporting. The price revision is a reflection of the fluctuations in the global aluminium market.

Rohit Pathak Assumes New Role as Board Member of Indian Cinematographers Association (ICA)

Rohit Pathak, the CEO of Copper Business at Hindalco Industries, has been appointed to the Board of Directors at the International Copper Association (ICA). This recognition acknowledges his extensive experience and significant contributions to the global copper industry. In his new role, Rohit will help shape international strategies, focusing on sustainability, industry growth, and best practices in copper production.

Under Rohit’s leadership at Hindalco, he has transformed the company’s copper business by optimizing operations, increasing production capacity, and prioritizing sustainability. His initiatives have strengthened Hindalco’s position in the industry while driving environmental stewardship.

Beyond his work at Hindalco, Rohit has played a key role in multiple industry associations. He has served as President of the Indian Electrical & Electronics Manufacturers’ Association (IEEMA) and the Indian Primary Copper Producers Association. At IEEMA, he has championed policy advocacy, innovation, and sustainable business practices to support India’s electrical and electronics manufacturing sector.

Rohit’s appointment to the ICA Board reinforces his reputation as a thought leader in the industry. His expertise in the copper supply chain, from mining to refining, positions him to tackle key challenges, including market dynamics and environmental sustainability. As a Board member, he will actively contribute to shaping the future of the global copper sector, driving innovation, and sustainability efforts to ensure continued growth and development for the industry worldwide.

Hindalco and Balco have reduced the price of their aluminum ingots by as much as INR 2,000 per ton, equivalent to $23 per ton.

Here is a summary of the content in 400 words:

India’s leading aluminium producers, Hindalco and Balco, have reduced the prices of aluminium ingot (P1020, 99.7%) by up to INR 2,000 per ton (approximately $23 per ton) compared to January 25, 2025. As a result, Balco’s prices have been reduced to INR 269,750 per ton (approximately $3,117 per ton), down by INR 2,000 per ton, while Hindalco’s prices have been reduced to INR 268,250 per ton (approximately $3,100 per ton), down by INR 1,750 per ton. These prices are ex-works, meaning they do not include Goods and Services Tax (GST).

At the time of reporting, aluminium futures on the London Metal Exchange (LME) were at $2,593 per ton. The price reduction by Hindalco and Balco suggests that the aluminium market is experiencing a downward trend, which may be attributed to various factors such as changes in global demand, supply chain disruptions, or market fluctuations.

It is worth noting that the price reduction is a significant one, with Balco’s prices being reduced by nearly 0.7% and Hindalco’s prices being reduced by about 0.6%. This could have implications for the entire aluminium industry, including downstream producers, consumers, and traders. The reduction in prices may also lead to increased demand for aluminium, as industries and consumers seek to take advantage of the lower prices.

Overall, the reduction in aluminium prices by Hindalco and Balco is a significant development in the Indian aluminium market, and it will be interesting to see how the industry responds to these changes in the coming weeks and months.

Four prominent companies – Zomato, Paytm, Hindalco, and Dixon Technologies – are under scrutiny by brokerages.

Here is a summary of the content in 400 words:

Zomato, One97 Communication, and Dixon Technologies have recently released their third-quarter financial results, and brokerages have responded with their own analysis. For Zomato, analysts have maintained a “buy” rating, citing the company’s growth in Blinkit, its quick-commerce delivery business. The growth in Blinkit has been particularly impressive, with analysts expecting the trend to continue.

On the other hand, Paytm’s results were in line with expectations, but analysts have maintained a “underperform” rating due to ongoing risks around revenue. Despite the company’s efforts to diversify its revenue streams, analysts remain concerned about the company’s ability to generate consistent revenue growth.

As for Dixon Technologies, analysts have been mixed in their response to the company’s results. While some have expressed optimism about the company’s prospects, others have raised concerns about the competitive landscape and the impact of regulatory changes on the company’s business.

NDTV Profit has been tracking the analyst calls on these companies and others, and has identified some key points to watch for on Monday. For Zomato, investors will be looking for further evidence of the company’s ability to sustain its growth momentum in Blinkit. For Paytm, investors will be watching to see if the company can make progress on its revenue diversification efforts. And for Dixon Technologies, investors will be looking for clarity on the company’s strategy in the face of increasing competition.

Overall, the analyst calls on these companies provide a valuable snapshot of the current market sentiment and can help investors make informed decisions about their investments. By keeping an eye on these analyst calls, investors can stay ahead of the curve and make the most of their investment opportunities.

Hindalco Industries has been allocated the Meenakshi coal mine by the government.

Hindalco Industries, a leading metals company and part of the Aditya Birla Group, has signed a Coal Mine Development and Production Agreement (CMDPA) to develop the Meenakshi coal mine in Odisha. The mine, which has a peak rated capacity of 12 million tonnes per annum and 285.23 million tonnes of geological reserves, is expected to commence coal production in CY2028, subject to regulatory clearances and approvals.

The Meenakshi coal mine is considered a cost-effective and sustainable energy source due to its favourable coal-to-waste stripping ratio of less than 1. This will enable Hindalco to become self-reliant in coal production, reducing its dependence on external sources. The company’s goal is to produce coal that meets its own energy needs, while also generating surplus coal for sale.

Hindalco Industries is a diversified metals company with operations in aluminum, copper, and other metals. It is the world’s largest aluminum rolling and recycling company, and one of Asia’s largest producers of primary aluminum. The company’s consolidated net profit surged 78.01% to Rs 3,909 crore in the second quarter of FY25, driven by a 7.45% increase in revenue from operations to Rs 58,203 crore.

The company’s stock price, however, shed 0.35% to trade at Rs 600.10 on the BSE. Despite this, the development of the Meenakshi coal mine is expected to have a positive impact on Hindalco’s financial performance and sustainability, making it a significant milestone in the company’s growth strategy.

Hindalco’s subsidiary Novelis announces plans to issue $500 million in senior unsecured notes…

The provided content appears to be the login prompts for LinkedIn, a social networking platform for professionals. The prompts ask the user to sign in or create a new account to access more content. To do so, the user must enter their email or phone number and password, or reset their password if they have forgotten it. If the user is new to LinkedIn, they can join by clicking the “Join now” button. By signing in or joining, the user agrees to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. There is no actual content to summarize beyond this point, as the provided text only consists of login prompts and a terms of service agreement.

Hindalco Industries: A Street Favorite! 10 Large-Cap Stocks Poised for 67% Growth, Say Analysts

According to a report by The Economic Times, Hindalco Industries is one of the 10 large-cap stocks that analysts expect to soar by 67%. The report highlights that these stocks have been consistently outperforming the broader market and are expected to continue their upward trajectory. Hindalco Industries, a leading copper and aluminum producer, is one of the top picks among analysts. The company has been benefitting from the growing demand for copper and aluminum in the electronics and automotive sectors. Additionally, Hindalco’s cost reduction initiatives and efforts to increase productivity have also contributed to its strong performance. Other large-cap stocks that made the list include Bajaj Finance, ICICI Bank, and State Bank of India. These stocks have been consistently delivering strong earnings growth and are expected to continue their upward momentum in the coming years.

Market Volatility: Actionable Insights for TCS, Hindalco, and Shipping Corp – Analysis and Recommendations for Investors

The article discusses the performance of three Indian companies – TCS, Hindalco, and Shipping Corporation – and provides investment advice to investors. TCS, the country’s largest IT services company, has been a big mover on the stock market, with its shares rising 5% in the past week. The company’s strong quarterly earnings and robust demand for its services have driven the stock higher. Investors are advised to hold onto TCS shares, as the company’s fundamentals remain strong.

Hindalco, a leading metals and mining company, has seen its shares decline 10% in the past week due to concerns over its debt levels and slowing demand for aluminum. However, investors are advised to wait for a pullback in the stock price before buying, as Hindalco’s debt levels are a concern.

Shipping Corporation, a state-owned shipping company, has seen its shares decline 15% in the past week due to concerns over its debt levels and slowing demand for shipping services. Investors are advised to avoid the stock, as the company’s debt levels are a major concern and its fundamentals are weak.

The Government of India has approved allocation of a coal mine in Odisha to Hindalco Industries, according to reports from The Economic Times.

The Government of India has issued an allocation order to Hindalco Industries, a company of the Aditya Birla Group, for the Meenakshi coal mine in Odisha. The Meenakshi coal mine has a capacity of 12 million tonnes per annum (MTPA). The Ministry of Coal issued the vesting order for the mine, marking a significant development in India’s energy security. The mine is expected to contribute to the country’s energy requirements and help meet the growing demand for coal. Hindalco Industries will now be responsible for the exploration, extraction, and production of coal from the Meenakshi mine. The allocation is seen as a boost to the company’s energy business and a significant step towards enhancing India’s energy security.

Hindalco Industries slapped with a Goods and Services Tax demand of over ₹52 crore.

Hindalco Industries Limited has received an order from the Office of the Commissioner of Central Goods and Services Tax in Rourkela, Odisha, demanding a total of ₹52,66,58,508 in taxes and penalties. The demand is related to the company’s payment of water charges to the State Government and the Department has raised a reverse charge on Goods and Services Tax (GST). The company received the order on December 24, 2024, but has not yet received a physical copy of the order. Hindalco plans to appeal against the demand, citing strong cases on merit and law. The company made the disclosure under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Hindalco’s subsidiary Novelis files for initial public offering in the US, making the details publicly available.

Hindalco Industries’ subsidiary, Novelis, has made its initial public offering (IPO) filing public in the United States. The company plans to raise up to $500 million through the IPO, which is expected to take place in the second half of 2023. Novelis is a leading producer of rolled aluminum products and has operations in North America, Europe, Asia, and South America. The company is expected to use the funds raised from the IPO to repay debt and invest in growth initiatives.

The IPO filing reveals that Novelis reported revenue of $11.4 billion and net income of $1.2 billion in 2020. The company has a strong track record of financial performance, with revenue and net income growing by 12% and 22%, respectively, over the past three years. Novelis is expected to list its shares on the New York Stock Exchange (NYSE) under the ticker symbol “NVLS”. The IPO is expected to be a significant milestone for Hindalco, which acquired Novelis in 2007 for $6 billion.

Hindalco Industries unveils innovative digital learning platform ‘Project Anveesha’ at Hirakud, empowering young minds through cutting-edge technology.

Hindalco Industries Limited, a part of Aditya Birla Group, has launched a Digital Classroom Initiative, “Project Anveesha”, in 7 high schools near its Hirakud plant in Sambalpur district. The project aims to modernize the learning environment by equipping students with state-of-the-art technology. Sandip Roy, Head of Hirakud FRP plant, stated that the initiative will foster digital literacy and improve access to quality education, contributing to the learning process. The digital classrooms will feature smart boards, e-learning platforms, AI interfaces, and IoT-based systems, offering a comprehensive and interactive learning experience. The platform will also offer multi-language content in Odia, Hindi, and English, catering to a diverse student body. The initiative is part of the group’s Corporate Social Responsibility (CSR) efforts, aiming to drive technological advancements in education and empower the next generation of learners. The project is expected to reshape the educational landscape, enabling students to gain digital literacy and enhance their overall academic experience.

Source: https://odishabarta.com/hindalco-industries-launches-digital-classroom-initiative-project-anveesha-at-hirakud/

_______________________