|Bid||459.65 x 0|
|Ask||0.00 x 0|
|Day's range||450.20 - 468.95|
|52-week range||308.95 - 636.00|
|Beta (5Y monthly)||1.33|
|PE ratio (TTM)||45.98|
|Earnings date||08 Feb 2023 - 13 Feb 2023|
|Forward dividend & yield||4.00 (1.00%)|
|Ex-dividend date||11 Aug 2022|
|1y target est||N/A|
(Bloomberg) -- Indian billionaire Kumar Mangalam Birla’s flagship metals company is returning to the bond market after a decade-long hiatus, looking to raise funds to meet regulatory requirements. Most Read from BloombergUS Safety Agency to Consider Ban on Gas Stoves Amid Health FearsUS Flights Latest: Departures Resume After FAA Lifts Ground StopRental Housing Is Suddenly Headed Toward a Hard LandingApple to Begin Making In-House Screens in 2024 in Shift Away From SamsungMexican President’s 28-
A division of Norsk Hydro supplying aluminium products to industries including auto and construction will exclude Russian metal from deals to buy aluminium for 2023, the Norwegian company told Reuters. Companies with contracts for this year, agreed in 2021, have continued to buy Russian producer Rusal's aluminium, the world's largest producer outside China, but for next year some are already looking elsewhere. Novelis, a subsidiary of Hindalco Industries, confirmed to Reuters that it had issued a tender to buy aluminium stating that no Russian aluminum would be accepted.
Russia's Rusal is the world's third largest producer of the metal used in the transport, packaging and construction industries. Consumers and producers of aluminium usually strike deals for the next year in the autumn. Novelis, a subsidiary of India's Hindalco, issued a tender this week for 2023 supply to its European plants that specified no metal of Russian origin would be allowed as part of any deals, Bloomberg reported, citing Novelis.