VR Logo

Hindalco Industries: COVID-19 Intimation Disclosure Under Regulation 30 Of The Securities Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015


Value Research Stock Advisor has just released a new stock recommendation. You can click here to learn more about this premium service, and get immediate access to the live recommendations, plus new ones as soon as they are issued.

In the unprecedented and continuously evolving situation arising out of the Covid-19 (coronavirus) outbreak Hindalcos focus is on ensuring safety and business continuity within the guidelines issued by government and health authorities.The Company has temporarily shut down or scaled down operations of some of the Aluminium and Copper manufacturing facilities in line with state government directives. Operations are being managed with minimal staff as part of the ongoing effort to practice social distancing. Several measures have been taken to protect the health and safety of the workforce.In the U.S. Hindalco subsidiary Novelis has also partially shut down some of its plants as a result of the temporary shutdown measures of U.S. automakers in response to COVID-19. While Novelis temporarily ramps down aluminum supply for the automotive market during this period these facilities will continue to produce aluminum for the beverage can and specialty markets.

Click here to view PDF