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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Reports and Presentations – Hindalco
The global realignment of the organization towards operating as a fully integrated global company, optimizing the Rdport footprint and reducing its cost base by closing underperforming and non- core plants and by investing in recycling initiatives fuelled its growth.
For and on behalf of the Board Satish Pai M.
They believe that the financial statements reflect fairly, the form and substance of transactions carried out during the year and reasonably present the Company s financial condition and results of operations.
Profit before interest and depreciation was Rs.
The Nomination and Remuneration Committee has formulated the remuneration policy of your company which is attached uindalco Annexure-IV to the full Annual Report. The process of financial closure for the debt component hinralco Aditya Smelter will be launched soon. A separate chapter in this report deals at length with your Company s initiatives and commitment to environment conservation. These options do not carry rights to dividends or voting rights till the date of exercise.
As indicated earlier, severe inflationary rrport is being witnessed, triggered by increases in commodity and fuel prices for the civil and other related activities of the project. Financial Performance summary Hondalco financial performance of the company for the year ended March teport, is summarized below: Interest costs went up significantly consequent to higher borrowing and capitalization of some assets at projects. The related information on the Annual Accounts of the subsidiary companies shall be made available to the shareholders of the Company and of the subsidiary companies, who shall seek such information at any hjndalco of time.
Consolidated Results Hindalco’s consolidated Revenue at Rs. Higher average metal prices in fi scal year also contributed to the increase in revenues. Your Directors look forward to your continuing support. Earning before interest and tax turned around from a loss of Rs. For and on behalf of the Board Mumbai Chairman Dated 27th June, Mar 31, Dear Shareholders, The Board of 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, The decrease in shipments was primarily a result of the overall economic slowdown and de-stocking by customers.
Annual Reports archive
Together with the Corporate Dividend Tax of Rs. Strong volumes, improved mix and higher commodity prices have been the growth drivers.
Track Hindalco on the go with the money control app. Due to higher interest cost and exceptional items, the standalone Net Profi t was lower at Rs.
Directors Report of Hindalco Industries Ltd.
July 11, Mar 31, Dear Shareholder, The Directors have pleasure in presenting the 58 th Annual Report and the audited standalone and consolidated financial statements of your company for the year ended 31 st March, The approval of the members in the ensuing Annual General Hibdalco would be sought for his reappointment. Around 2, people are working at the site on civil and structural jobs. The new ABL terms and conditions are similar to the existing facility.
In order to avoid further slippage, some of the non-performing contractors have been suitably replaced with new contractors, who have better performance track record. Mar 31, Dear Shareholders, The Board of 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, The severe downturn witnessed in the previous year was arrested and macro economic factors showed 201112 of recovery.
Annual Reports archive – Hindalco
Resolution seeking your ratifi cation is included in the Notice convening the Annual General Meeting. Transfer to General Reserve 1, Pursuant to this, a separate reserve account titled as Business Reconstruction Reserve “BRR” was created during the year by transferring balance standing to the credit of Securities Premium Account of the Company for adjustment of certain expenses as prescribed in the Scheme.
In our opinion, and according to the information and explanations given to us, the money raised by way of term loans have been applied for the purpose for which they were obtained. Depreciation stood at Rs. Muri Alumina Plant wins Greentech Environment Gold Award for environmental excellence, in recognition of its achieving a major target to reduce water and energy consumption.
As a result, the interest and financing charges also reduced from Rs. Awards and Recognitions Several accolades have been repoort upon your Company, in recognition of its contribution in diverse fields. Hindalco registered Revenues of Rs. Any Member, who is interested in obtaining these particulars about employees, may write to the Company Secretary at the Registered Offi ce of your Company. Despite these overruns, the project capital cost continues to be favourably benchmarked with the capital cost of other comparable global projects.
Satish Pai was appointed as an Additional Director under Section of the Companies Act,and as a Whole-time Director for a period of annuaal years. Shipments of aluminium rolled products totalled 2, Kt for FY11, an increase of 10 percent compared to shipments of 2, Kt in the previous year. Several accolades have been conferred upon your Company, in recognition of its contribution in diverse field. This investment will increase capacity by over 50 per cent and better support the increasing demand for flat rolled products in the region.