Annual Report i W . Hindalco Industries Limited, the metals flagship company of the. Aditya Birla 12 Months 12 Months. Annual Report 2. A Metals Powerhouse. We have audited the Standalone Ind AS financial statements of HINDALCO .. The Supreme Court. Green Cess. Cess. to
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Such third party cookies may track your use on Goodreturns sites for better rendering. Ongoing learning, refreshing HR systems in line with global benchmarks, aligning rewards and recognition with performance, have enabled your Company sustain its reputation of a meritocratic organization.
A separate chapter in this report deals at length with your Company s initiatives and commitment to environment conservation. Further, in line with the Listing Agreement and in accordance with reort Accounting Standard 21 ASthe Consolidated Financial Statements prepared by the Company include financial information of its subsidiaries. However, Hindalco was able to mitigate impact of the above factors by improved efficiencies and higher volumes.
The entire amount so received has been utilised for various Greenfield and brownfield projects expenditure.
Nifty mines is currently under suspension post development of a sink hole on March 20, Several accolades have been conferred upon your Company, in recognition of its contribution in diverse field.
Since the impairment loss had been adjusted against BRR in as per the Court approved Scheme, the reversal of impairment loss of goodwill has also been adjusted against BRR in Your Company s Internal Auditors have conducted periodic qnnual to provide reasonable assurance that established policies and procedures have been followed.
The approval of the members in the ensuing Annual General Meeting would be sought for his appointment, subject to approval of Central Government. Bhattacharya as Managing Director is expiring on 30th September, The drop in overall production was partly off-set by The Nomination and Remuneration Committee evaluated the performance on the basis of the response received from the Directors.
The net excess paid up capital amounting to Rs. It also reduced the cost of working capital borrowing. Finance Financial closure of Aditya Smelter was achieved of Rs.
The Company has received an amount equal to 25 per cent of the price of each such warrant.
Annhal Directors are action oriented and ensures timely implementation of the Board decisions. However, in line with the provisions of Section 1 of the Act, the Report and Accounts as set out therein, are being sent to all Members of your Company excluding the aforesaid information about the employees.
Transfer from Securities Premium Accounts per the Scheme – – 8, This venture, named Ulsan Aluminium Limited, will provide synergies to both the high-quality partners.
Jagdish Khattar and Mr. Directors” Responsibility Statement Repport Directors affirm that the audited accounts containing financial statements for the financial year are in full conformity hijdalco the requirements of the Companies Act, Financial Performance The FY 13 was one of the toughest years for non-ferrous metal industry. Mar 31, The Directors are pleased to present the 51st Annual Report along with the audited annual accounts for the year ended 31st March, Together with the Auditors” Report, these form part of the Annual Report.
During the year, a provision of Rs. For and on behalf of the Board Repot Chairman Dated 27th June, Mar 31, Dear Shareholders, The Board anunal Directors hereby presents the 52nd Annual Report, along with the audited annual standalone and consolidated accounts of your company for the year ended 31st March, Your Company is a caring corporate citizen and lays significant emphasis on development of the communities around which it operates.
Annual Reports archive – Hindalco
Agarwala, Non Executive Director and Mr. Due to the deterioration in the global yindalco environment and the resultant significant decrease in both the market capitalization of the Company and the anbual of the Novelis’ publicly traded 7.
The project is slated for completion towards end Growth plans underway in Aluminium Your Company is aggressively pursuing various brownfield and greenfield growth opportunities in Aluminium as described below: Bharucha has given the required declarations under the Companies Act, and Listing Regulations.
As a result, annual cash interest savings of USD 79 million has been achieved along with an extended debt maturity profile for the senior notes. Deputy Managing Director, Mr.
Hindalco registered a revenue of Rs. Board is completely satisfied with the functioning of various Committees. The Company undertakes to appropriately finance the project.
Crore Standalone Consolidated Opening Balance 8, Novelis has operated its assets at or near capacity for the entire year. Repory accordance with the provisions of Section 12 of the Companies Act, “the Act” read with the Companies Appointment and Remuneration of Managerial Personnel Rules,the names and other particulars of employees are to be set out in the Directors” Report, as an addendum thereto.
Net Profit for FY18 stood at Rs. The new capital structure has strategic implications for Hindakco and Novelis.
Annual Reports archive
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Resolutions seeking your approval for introduction and implementation of ESOS- and granting such number of Stock Options exercisable into not more than 54,62, equity shares of Rs. Your Directors place on record their deep appreciation for the exemplary contribution made by employees at all levels. Despite these overruns, the project capital cost continues to be favourably benchmarked with the capital cost of other comparable global projects.
There are no signifi cant and material orders passed by the regulators or courts or tribunals impacting the going concern status of the Company. The recent rolling expansion project in South Korea contributed to the higher shipment levels in Asia region. Satish Pai retire from offi ce by rotation, and being eligible, offer themselves for reappointment. The observation made in the Auditor”s Report are self explanatory and therefore, do not call for any further comments under Section 3 f of the Act.
Kothari retire from office by rotation, and being eligible, offer themselves for reappointment.