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Lower cost aids margin and steadies the ship for Hindalco

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₹800 crore. Of course, this will not impact its Utkal Alumina expansion which is expected to be commissioned during the last quarter.

Once commissioned, the plant is further expected to reduce overall costs.One worry, though, is the increase in net debt. Hindalco’s consolidated net debt to Ebitda increased 2.7 times in FY20 as against 2.3 times in FY19, according to analysts.

The increase was primarily due to the higher capex both in the domestic business and Novelis. In addition, Aleris’ acquisition will further increase the net debt to Ebitda significantly this year.While this could impact cash flows, the improvement in overseas business could reduce stress on the cash flows.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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