Hindalco: Adjusting to the new environment; metal volumes may stagnate

Hindalco: Adjusting to the new environment; metal volumes may stagnate
Hindalco drops 5% as arm Novelis Q2 profit slides 23% YoY; Ebitda down 8% Hindalco recalibrates capex to $4.5 bn from $8 bn, cites challenges Mining & metal companies see reversal of fortune in September quarter Compass Group’s Elior India acquisition stalled due to governance glitches Q3 preview: Metal firms’ sales likely to flatten, profits [...]
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