Hindalco Industries Limited · NSE:HINDALCO
Hindalco Industries — Q4 FY2022 Earnings Presentation
70 slides from Hindalco Industries's earnings presentation, May 26, 2022
Slide 1: Board meeting outcome cover letter to stock exchanges
26th May 2022 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Dalal Street Plot No. C/1, G Block, Mumbai: 400 001 Bandra Kurla Complex, Bandra (East) Mumbai – 400 051 Scrip Code: 500440 Scrip Code: HINDALCO Mr. Daniel Schammo Banque Internati
Slide 2: Enclosed documents list
Pursuant to Regulation 33 of Listing Regulations, enclosed are the following documents : 1. Press Release 2. Investor Presentation 3. Audited Standalone and Consolidated Financial Results for the quarter and year ended 31st March, 2022 4. Auditors Report (Standalone and Consolidated) We hereby confi
Slide 3: Media Release: Q4 and Full Year FY22 Results
Media Release Hindalco Reports Consolidated Fourth Quarter and Full Year FY22 Results Quarterly Net Profit doubles to a record-high of ₹3,851 crore Full year Net Profit jumps four times to ₹13,730 crore Key Highlights of Q4 FY22 (vs Q4 FY21) ▪ All-time high Consolidated PAT at ₹3,851 crore, up 100%
Slide 4: Consolidated Financial Highlights for the Full Year and Quarter ended March 31, 2022
Consolidated Financial Highlights for the Full Year and Quarter ended March 31, 2022 (₹ Crore) Particulars Q4 FY21 Q3 FY22 Q4 FY22 FY21 FY22 Revenue from Operations 40,507 50,272 55,764 1,31,985 1,95,059 Earning Before Interest, Tax, Depreciation & Amortisation (EBITDA) Novelis* 3,705 3,792 3,247 12
Slide 5: Business Segment Performance in Q4 FY22
Business Segment Performance in Q4 FY22 (vs Q4 FY21) Novelis Novelis reported quarterly adjusted EBITDA of $431 million (vs $505 million), down 15% YoY, primarily due to cost inflation, semiconductor chip shortage in automotive and other short-term operational issues, and a non-recurring regulatory
Slide 6: Net debt and business updates and recognition
from ₹1,928 crore in Q4 FY21, a jump of 100% YoY. Consolidated Net Debt to EBITDA was at a strong 1.36x on March 31, 2022 compared to 2.59x on March 31, 2021. Business Updates & Recognition • Aleris Integration work continues with over $110 million run-rate combination cost synergies achieved • Nove
Slide 7: Disclaimer
Disclaimer: Statements in this “Media Release” describing the company’s objectives, projections, estimates, expectations or predictions may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or
Slide 8: Hindalco Industries Limited Q4 FY22
Hindalco Industries Limited Q4 FY22 Earnings Presentation 26th May, 2022
Slide 9: Safe Harbour
SAFE HARBOUR Certain statements in this report may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the company’s operations incl
Slide 10: Table of Content
Table of Content 1. Sustainability Updates – FY22 2. Key Highlights – Q4 FY22 3. Economy & Industry Updates – Global & Domestic • Novelis 4. Business Performance : Operational & Financial - Novelis - Aluminium (India) - Copper • Aluminium - Consolidated (India) 5. Annexures : - Awards & Recognitions
Slide 11: Sustainability Updates
Sustainability Updates Hindalco Industries Limited 4
Slide 12: Focus on Conservation: Waste, Water, Biodiversity
Hindalco : Focus on Conservation: Waste, Water, Biodiversity Environment Total Bauxite Residue* from 3 out of 4 refineries (% Recycled) • 86% of total waste got recycled and reused (w/w of generation) in FY22. • 102% of Bauxite Residue from three out of four Alumina Refineries (except Utkal) reused
Slide 13: Focus on Renewables & Safety
Hindalco : Focus on Renewables & Safety Renewables Aluminium Specific GHG Emissions (t CO2e/t) (Primary + Downstream) Reached its target of 100 MW of Installed Capacity in FY22 (Target 200 MW w/o Storage & 100 MW w/storage by FY25) 20.1 • Of which total 50 MW Solar capacity installed at Renukoot, Re
Slide 14: Business Performance Key Highlights - Q4 FY22
Business Performance Key Highlights - Q4 FY22 Hindalco Industries Limited 7
Slide 15: Key Highlights: Q4 FY22
Key Highlights : Q4 FY22 ▪ Record Shipments at 987Kt up from 983Kt in Q4FY21 ▪ Adjusted EBITDA at $431 million* ($505 million*) down 15% YoY primarily due to cost inflation, semiconductor chip shortage in automotive and a short-term operational cost challenges; Adjusted EBITDA per ton at $437* ($514
Slide 16: Key Highlights: Q4 FY22 Contd.
Key Highlights : Q4 FY22 ...Contd. ▪ Cathode production was at 94Kt (97Kt); CC Rods production was 69Kt (76Kt) ▪ Metal sales volume at 105Kt (107Kt); CC Rods sales at 74kt (73Kt), up 1% YoY, in line with the market demand Copper ▪ EBITDA at ₹387 crore (₹322 crore) up 20% YoY, on the back of better o
Slide 17: Economy & Industry Updates Global & Domestic
Economy & Industry Updates Global & Domestic Hindalco Industries Limited 10
Slide 18: Economy Updates
Economy Updates Global GDP Growth (% YoY) India GDP Growth (% YoY) 9.8 10.3 6.1 8.5 9.0 5.6 5.4 8.0 8.3 8.3 7.4 7.0 7.2 6.6 6.4 4.3 5.5 3.6 3.9 3.6 3.6 3.5 3.5 3.5 3.4 3.9 4.2 3.0 2.9 CY07 CY08 CY09 CY10 CY11 CY12 CY13 CY14 CY15 CY16 CY17 CY18 CY19 CY20 CY21 CY22F -0.1 -6.6 -3.2 ▪ Global economic gr
Slide 19: Global Aluminium Industry
Global Aluminium Industry Global Demand & Supply Balance (Million Tons) Global Price of Aluminium (Cash -$/Ton) Production Consumption Metal Balance 3,280 4% 10% 2% 64.7 67.4 16.7 16.8 62.9 69.0 16.5 16.9 1.8 (1.6) 0.3 (0.1) 2,762 2,648 2,400 36.7 38.6 40.1 2,096 37.8 2.9 28.0 28.8 9.7 9.6 25.1 28.8
Slide 20: Domestic Aluminium Industry
Domestic Aluminium Industry Domestic Demand (Kt) 574 747 1018 1073 908 939 1030 1038 195 237 161 213 188 162 122 450 442 415 381 402 116 262 380 272 363 382 422 340 396 419 423 186 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22E Domestic Sales Scrap Imports Imports Ex Scrap ▪ In Q4
Slide 21: Aluminium Flat Rolled Products (FRP) Industry
Aluminium Flat Rolled Products (FRP) Industry ▪ Global FRP Demand is estimated to grow by ~6% in CY22 (vs CY21 growth of ~10%). Beverage Cans ~5% Automotive ~10% Specialities ~4% Aerospace ~30% CY22E Growth in Market Demand CY22E Growth in Market Demand CY22E Growth in Market Demand CY22E Growth in
Slide 22: Copper Industry (Global)
Copper Industry (Global) Global Demand & Supply Balance (in Mt) Production (MT) Consumption (MT) 4.0% 6.0% 23.4 24.3 23.0 24.4 10.4 11.1 14.0 13.9 3.2% 0.9% 6.1 6.3 5.69 5.74 12.7 13.3 9.5 10.4 3.5 3.6 2.81 2.85 2.6 2.7 2.89 2.90 CY20 CY21 Q1 CY 21 Q1 CY22 CY20 CY21 Q1 CY 21 Q1 CY22 Production Consu
Slide 23: Copper Industry (Domestic)
Copper Industry (Domestic) Domestic Demand (KT) 192 165 172 161 160 162 150 33 99 42 118 43 38 37 59 91 44 40 139 113 119 117 124 93 106 74 51 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Domestic Supply Import ▪ Market demand increased by ~6.8% YoY at 172 KT in Q4 FY22 vs
Slide 24: Business Performance: Q4 FY22
Business Performance : Q4 FY22 Hindalco Industries Limited 17
Slide 25: Novelis
Novelis Hindalco Industries Limited 18
Slide 26: Operational Performance – Novelis
Operational Performance – Novelis Overall Shipments (KT) ▪ Shipments in Q4FY22 were at a record 987 Kt, vs. 983 kt in Q4FY21, driven by strong 3,858 beverage can and aerospace shipments offset by lower automotive shipments on account of 3,613 semiconductor shortages in the automotive industry. ▪ ~$3
Slide 27: Financial Performance – Novelis
Financial Performance – Novelis Revenue ($ Billion) Adjusted EBITDA ($ Million) Adjusted EBITDA ($/tonne) 17.1 2,045 514 544 530 474 12.3 1,714 437 4.3 4.8 505 506 3.6 431 Q4FY21 Q3FY22 Q4FY22 FY21 FY22 Q4FY21 Q3FY22 Q4FY22 FY21 FY22 Q4FY21 Q3FY22 Q4FY22 FY21 FY22 ▪ Net sales in Q4 FY22 stands at $4
Slide 28: Aluminium (India)
Aluminium (India) Hindalco Industries Limited 21
Slide 29: Aluminium Metal & VAP - Production and Sales in Kt
Aluminium Metal & VAP - Production and Sales in Kt Production : Aluminium Metal (Kt) Production : Aluminium VAP (Kt) ▪ Aluminium Metal Production up 3% 349 1,229 1,294 YoY and was flat QoQ 269 ▪ Aluminum VAP production in Q4 FY22 was higher by 3% YoY and 5% 89 88 92 316 327 326 sequentially Q4 FY21
Slide 30: Financial Performance - Aluminium (India)
Financial Performance - Aluminium (India) Revenue (₹ Crore) EBITDA (₹ Crore) 32,169 13,025 20,495 5,441 8,243 9,847 3,376 4,050 5,969 1,819 Q4 FY21 Q3 FY22 Q4 FY22 FY21 FY22 Q4 FY21 Q3 FY22 Q4 FY22 FY21 FY22 ▪ Aluminium revenues were up 65% YoY, with ▪ Record EBITDA at ₹4,050 crore, up 123% YoY in Q
Slide 31: Copper
Copper Hindalco Industries Limited 24
Slide 32: Copper Metal & VAP - Production and Sales in Kt
Copper Metal & VAP - Production and Sales in Kt Production : Copper Cathode (Kt) Production : CC Rod (Kt) ▪ Quarterly Cathode Production 359 259 235 was 94Kt whereas Copper Rods 262 Production was 69Kt in Q4FY22. 97 102 94 76 77 69 Q4FY21 Q3FY22 Q4FY22 FY21 FY22 Q4FY21 Q3FY22 Q4FY22 FY21 FY22 Sales
Slide 33: Financial Performance – Copper Business
Financial Performance – Copper Business Revenue (₹ Crore) EBITDA (₹ Crore) 36,723 1,390 22,446 869 8,508 10,255 9,787 390 387 322 Q4FY21 Q3FY22 Q4FY22 FY21 FY22 Q4FY21 Q3FY22 Q4FY22 FY21 FY22 ▪ Revenues were up by 15% YoY in Q4 FY22, ▪ EBITDA at ₹387 crore in Q4 FY22 compared to on account of higher
Slide 34: Consolidated Financial Performance
Consolidated Financial Performance Hindalco Industries Limited 27
Slide 35: Consolidated Financial Performance
Consolidated Financial Performance Revenue (₹ Crore) EBITDA (₹ Crore) 30,056 1,95,059 1,31,985 18,896 50,272 55,764 7,624 7,597 40,507 5,845 Q4 FY21 Q3 FY22 Q4 FY22 FY21 FY22 Q4 FY21 Q3 FY22 Q4 FY22 FY21 FY22 PBT after Exceptional Items (₹ Crore) PAT for Continuing Operations (₹ Crore) 19,574 14,201
Slide 36: Consolidated (Debt Position)
Consolidated (Debt Position) (₹ Crores) As on As on As on As on As on Particulars 31-Mar-21 30-Jun-21 30-Sep-21 31-Dec-21 31-Mar-22 Gross Debt 65,994 67,836 66,831 65,817 63,237 Cash & Cash Equivalents 18,575 15,923 18,820 22,084 24,141 Net Debt 47,419 51,913 48,011 43,733 39,096 TTM Adjusted EBITDA
Slide 37: Our Key Focus Areas
Our Key Focus Areas Value Strong focus on expanding capacities in Enhancing various business segments Growth Stakeholder With a strong balance sheet, ready to Robust Capital ESG ESG commitments to become fuel next phase of organic growth Structure Value Commitments ‘The Industry Leader in Sustainabi
Slide 38: Thank You
ADITYA BIRLA HINDALCO Thank You
Slide 39: Annexures
Annexures Hindalco Industries Limited 32
Slide 40: Awards & Recognitions – FY 2021-22
Awards & Recognitions – FY 2021-22 • Hindalco retains position as the world’s most sustainable aluminium company in the DJSI 2021 ranking • The only Aluminium company in the prestigious DJSI World Index 2021 • Hindalco achieved ‘S&P Global Sustainability Yearbook 2022 - Gold Class’ distinction • Hin
Slide 41: Consolidated – Key Financials
Consolidated – Key Financials Change QoQ Change Particulars (₹ Crore) Q4 FY21 Q3 FY22 Q4 FY22 FY21 FY22 YoY % Change % YoY % Revenue from Operations 40,507 50,272 55,764 38% 11% 1,31,985 1,95,059 48% Earning Before Interest, Tax, Depreciation & Amortisation (EBITDA) Novelis* 3,705 3,792 3,247 -12% -
Slide 42: Hindalco (India) Business – Key Financials
Hindalco (India) Business – Key Financials (₹ Crore) YOY QoQ Particulars Q4 FY21 Q3 FY22 Q4 FY22 FY21 FY22 Change % Change % Change% Revenue from Operations 14,471 18,485 19,628 36% 6% 42,925 68,855 60% EBITDA Aluminium 1,820 3,376 4,050 123% 20% 5,441 13,025 139% Copper 322 390 387 20% -1% 869 1,39
Slide 43: Production – Alumina
Production – Alumina Alumina* (KT) 3,235 2,699 697 858 866 Q4 FY21 Q3 FY22 Q4 FY22 FY21 FY22 ▪ Total Alumina production was up 27% YoY and 8% sequentially in Q3 FY22 ▪ Record Quarterly production at Utkal Alumina refinery at 563 Kt in Q3 FY22 *Hydrate as Alumina Hindalco Industries Limited 36
Slide 44: For Further Queries Please Contact
For Further Queries Please Contact : Subir Sen, Investor Relations Telephone- +91 22 6662 6666 E mail: hilinvestors@adityabirla.com Website: www.hindalco.com Registered Office Ahura Centre, 1st Floor, B Wing Mahakali Caves Road Andheri (East), Mumbai 400 093 Telephone- +91 22 6691 7000 Website: www.
Slide 45: Independent Auditor's Report (Consolidated)
Price Waterhouse & Co Chartered Accountants LLP INDEPENDENT AUDITOR’S REPORT To the Board of Directors of Hindalco Industries Limited Report on the Audit of Consolidated Financial Results Opinion 1, We have audited the statement of consolidated audited financial results of Hindalco Industries Limite
Slide 46: Independent Auditor's Report (Consolidated), page 2
Price Waterhouse & Co Chartered Accountants LLP INDEPENDENT AUDITOR’S REPORT To the Board of Directors of Hindalco Industries Limited Report on the Consolidated Financial Results Page 2 of 5 Board of Directors’ Responsibilities for the Consolidated Financial Results 4. These consolidated financial r
Slide 47: Independent Auditor's Report (Consolidated), page 3
Price Waterhouse & Co Chartered Accountants LLP INDEPENDENT AUDITOR'S REPORT To the Board of Directors of Hindalco Industries Limited Report on the Consolidated Financial Resulis Page g of § 8. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional sk
Slide 48: Independent Auditor's Report (Consolidated), page 4
Price Waterhouse & Co Chartered Accountants LLP INDEPENDENT AUDITOR’S REPORT To the Board of Directors of Hindalco Industries Limited Report on the Consolidated Financial Results Page 4 of § Other Matters 11. We did not audit the financial statements of ten subsidiaries, consolidated financial infor
Slide 49: Independent Auditor's Report (Consolidated), page 5
Price Waterhouse & Co Chartered Accountants LLP INDEPENDENT AUDITOR'S REPORT To the Board of Directors of Hindalco Industries Limited Report on the Consolidated Financial Results Page 5 of 5 15, The consolidated annual financial results dealt with by this report have been prepared for the express pu
Slide 50: List of subsidiaries
Price Waterhouse & Co Chartered Accountants LLP Hindalco Industries Limited Page1 of 3 | Sr. No. | Name | Subsidiaries 1. __| Novelis Inc. (Refer Note below for its downstream entities) |__| Utkel Alumina International Limited = 3. _| AV Minerals (Netherlands) N.V. __4 | AV Metals Inc. _5. _| Minera
Slide 51: Downstream entities of Novelis Inc.
Price Waterhouse & Co Chartered Accountants LLP Hindalco Industries Limited Page 2 of 3 | Note- Downstream entities of Novelis Inc. Subsidiaries Novelis do Brasil Ltda | Brecha Energetica Ltda | 4260848 Canada Inc. 4260856 Canada Inc. 8018227 Canada Inc. _ _Novelis (China) Aluminum Products Co. Ltd.
Slide 52: Downstream entities of Novelis Inc. (continued)
Price Waterhouse & Co Chartered Accountants LLP Hindalco Industries Limited Page 3 of 3 37 | Novelis Koblenz GmbH (formerly known as “Aleris Rolled Prod ___ 8? | GmbH”) _38. | Novelis Netherlands B.V. ; 39. | Aleris Switzerland GmbH 40. | Aleris Aluminum UK Limited 4h | Alets Holding Canada ULC Nove
Slide 53: Statement of Consolidated Audited Financial Results
ITED Regd. Office: Ahura Centre, 1st Floor, B-Wing, Mahakall Caves Road, Andheri (East), Mumbal 400093 Website: www.hindalco.com, Email: hindalco@adityabiria.com, Corporate Identity No. L27020MH1958PLC011238 Statement of Consolidated Audited Financlal Results for the Year ended March 31, 2022 (In Cr
Slide 54: Segmentwise Consolidated Revenue, Results, Assets and Liabilities
OVTYA SIRILA Segmentwise Consolidated Revenue, Results, Assets and Liabilities for the Year ended March 31, 2022 (€ln Crore! Quarter ended Year ended i| Particulars 31/03/2p22 | 31/12/2021 | 31/03/2021 | 31/03/2022 | 31/03/2021 {Unaudited) | (Unaudited) | (Unaudited) | (Audited) (Audited) 4, Sagmant
Slide 55: Statement of Consolidated Assets and Liabilities
TY ABH Notes: 1. Statement of Consolidated Assets and Llabliitles are given below: (Rin Crore} Asat Perticulars 3iy0s/2ue2 | 33/03/2021, (Audited) (Audited) ASSETS. Non-Current Assets Property, Plant and Equipment (including Right-of-Use Assets) . 76,470 70,849 Capital Work-In-Progress 4,727) 10,013
Slide 56: Statement of Consolidated Cash Flows
SOIT Ys BIBL» 2. Statement of Consolidated Cash Flows are given below: Particulars A. CASH FLOW FROM OPERATING ACTIVITIES Profit/ (Loss) Before Tax from Continuing Operations Adjustment for: Finance Cost Depreciation and Amortization Impairment Loss/ {Revers} of Non-Current Assets (Net} Impairment L
Slide 57: Notes to consolidated financial results
Notes: a These statement of consolidated audited financial results (the “consolidated financial results”) of Hindalco Industries Limited (“the Company”) and its subsidiaries (collectively “the Group”) and Its interest in associates and joint ventures have been reviewed by the Audit Committee and app
Slide 58: Notes: Brazil subsidiary sale and business combination
a) b) b. DIRLA In December 2021, the Group decided to sell its entire equity Interest in its wholly owned Brazillan subsidlary, Hindalco Do Brasil Industria e Comercio de Alumina Ltda. (‘Hindalco Do Brazil’) and accordingly assets and liabilities of the same were classifled as ‘Disposal Group Held f
Slide 59: Notes: Novelis Senior Notes issuance
i. In August 2021, Novelis Issued $750 million in aggregate principal amount of 3.25% Senlor Notes due on November 2026 (the "2026 Notes”) and $750 million In aggregate principal amount of 3.875% Senlor Notes due on August 2031 (the "2031 Notes"). The 2026 Notes will mature on November 15, 2026 and
Slide 60: Notes: Dividend recommendation and signature
OITYA © a 15. The Board of Directors of the Company have recommended dividend of & Ly per share for the year ended March 31, 2022. 16, Figures of previous periods have been regrouped/ reclassified wherever necessary to conform to current perlod dassification. By and on behalf of the Board Place: Mum
Slide 61: Independent Auditor's Report (Standalone)
Price Waterhouse & Co Chartered Accountants LLP INDEPENDENT AUDITOR’S REPORT To the Board of Directors of Hindalco Industries Limited Report on the Audit of Standalone Financial Results Opinion 1. We have audited the statement of standalone audited financial results of Hindalco Industries Limited (h
Slide 62: Independent Auditor's Report (Standalone), page 2
Price Waterhouse & Co Chartered Accountants LLP INDEPENDENT AUDITOR'S REPORT To the Board of Directors of Hindalco Industries Limited Report on the Standalone Financial Results Page 2 of 4 Board of Directors’ Responsibilities for the Standalone Financial Results 4. These Standalone financial results
Slide 63: Independent Auditor's Report (Standalone), page 3
Price Waterhouse & Co Chartered Accountants LLP INDEPENDENT AUDITOR’S REPORT To the Board of Directors of Hindalco Industries Limited Report on the Standalone Financial Results Page 3 of 4 10. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that
Slide 64: Independent Auditor's Report (Standalone), page 4
Price Waterhouse & Co Chartered Accountants LLP INDEPENDENT AUDITOR’S REPORT To the Board of Directors of Hindaleo Industries Limited Report on the Standalone Financial Results Page 4 of 4 12. We did not audit the financial information of two trusts included in the standalone financial results of th
Slide 65: Annexure 1: Trusts and Joint Operations
Price Waterhouse & Co Chartered Accountants LLP Annexure —1 "Sr. No. | Name a _______, Trusts _ {| 1. | Trident Trust 2. Hindalco Employee Welfare Trust _ | Sr.No. | Joint Operations ee |_1. | Tubed Coal Mines Limited 2. Mahan Coal Limited
Slide 66: Statement of Standalone Audited Financial Results
DITYA BIRLA HINDALCO INDUSTRIES LIMITED Regd. Office: Ahura Centre, 4st Floor, B-Wing, Mahakali Caves Road, Andheri (East), Mumbai 400093 Website: www.hindalco.com, Email: hindalco@adityabirla.com, Corporate Identity No. L27020MH1958PLC011238 Statement of Standalone Audited Financial Results for the
Slide 67: Standalone Statement of Assets and Liabilities
DITYA 8) aL, Perticulars SS = a a IB eee Fes: Current Assets perty, Plant and Equipment (Including Right of Use Assets) es | | Cans] Wert i Pregens ‘InvestmentProperties ak Goodwill “Intangible Assets = = Intangible Assets Under Development Inancial Assets” =F Fj ienvestrent a SE Other Investments s
Slide 68: Statement of Standalone Cash Flows
2. Statement of Standalone Cash Flows Is given below: Dit va q Depreciation a and amortization Non-Cash Employee Share-Gased payments — Impalrment Loss/ (Reversal) on Financial Assets (Net) Impairment on Non-Current Assets Other Non-Operating (Income)/ Expense (Net) | Unrealised Forelgn Exchange (Ga
Slide 69: Notes to standalone financial results
ITYA BURL: PanDALCC | 3. The statement of standalone audited financial results (the “standalone financial results”) of the Company which includes the financlal Information of 2 Joint Operations and 2 Trusts, have been reviewed by the Audit Committee and approved by the Board of Directors of the Comp
Slide 70: Notes: impairment and Kuppam extrusion facility acquisition
10. 12. 13, 14, 15, Place: Mumbal Dated: May 26, 2022 b) The Company has also impaired certain mining assets which were underutilized due to varlous reasons such as environmental clearances etc. amounting to ¥ 19 Crore during the year ended March 31, 2022, On February 1, 2022, the Company has acquir
Hindalco Industries — Q4 FY2022 Earnings Presentation on 6ix