Hindalco

HSBC has launched its first comprehensive coverage on India’s metals and mining sector, putting forward a generally optimistic outlook and assigning target prices that suggest strong medium-term growth potential for several key players.…

Hindalco Industries Ltd., part of the Aditya Birla Group, announced that it expects an estimated financial impact of up to $650 million following a massive fire at its subsidiary Novelis Inc.’s aluminium recycling and rolling plant in the…