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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The previously announced expansion of the Pinda facility in Brazil is expected to be commissioned at the end of Accordingly, employee cost includes Rs. Under the ESOSthe Committee has granted 3, options to its eligible employees in three tranches. For and on behalf of the Board Mumbai Chairman Dated the 30th Day of May, Mar 31, The Directors are pleased to present the 51st Annual Report along with the audited annual accounts for the year ended 31st March, 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, Any member, who is interested in obtaining such particulars about employees, may write to the Company Secretary at the Registered Office of the Company.
Hindalco Industries Limited the Company I. The Audit Committee reviews the reports submitted by the Internal Auditors in each of its meeting, quarterly. All related party transactions have been approved by the Audit Committee of your Company.
Reports and Presentations – Hindalco
Adequate safeguards are provided against victimisation to those who avail of the hindallco and direct access to the Chairman of the Audit Committee hinvalco available.
A separate chapter in this report deals at length with your Company s initiatives and commitment to environment conservation. Growth Plans underway in Aluminium Your Company is pursuing various brownfield and greenfield growth oppurtunities in Aluminium as described below: Any Member, who is interested in obtaining these particulars about employees, may write to the Company Secretary at the Registered Office of your Company.
An annuual of the Reporr Projects is as indicated below: As required under the Act, the remuneration payable to the cost auditor is required to be placed before the Members in a general meeting for their ratifi cation. Directors’ Responsibility Statement Your Directors affirm that the financial statements for the year are in full conformity with the requirements of the Companies Act, 20011-12 profit for the year stood at Rs.
The Board as a whole performed satisfactorily. Impact of this on Profit and Loss account for the year has been mentioned in table below: Jagdish Khattar and Mr. Ram Charan was appointed as an Additional Director of the Company w.
Mar 31, Dear Shareholder, The Directors have pleasure in presenting the 56th Annual Report and the audited standalone and consolidated financial statements of your company for the year ended 31st March, Both Utkal and Aditya 201-12 have captive Bauxite mines. Their dedicated efforts and enthusiasm have been pivotal to your Company’s growth.
The Finance Cost was down by 18 percent at Rs.
Directors Report of Hindalco Industries Ltd.
The Company has embarked on an aspirational growth path towards which, three new Aluminium Smelters and two new Alumina Refineries are being set up in the states of Odisha, Madhya Pradesh and Jharkhand. Equity shares that may be allotted upon exercise of Options granted under the Employee Stock Option Scheme before the Book Closure for payment of dividend will rank pari passu with the existing shares and shall also be entitled to receive the aforesaid dividend.
Profit for the year 1, The Company undertakes to appropriately finance the project. At Nifty, the ore mined was 2. The weighted average share price at the exercise date was Rs. Had this adjustment not been done, Other Expenses would have been higher by Rs.
Directors Report of Hindalco Industries Ltd. Company
Profit for the year 2, Further, change in the status of Idea Cellular Ltd. During the year ended 31 st March,the Company has allotted 1,33, fully paid-up equity share of Rs. According to the information and explanations given to us and based hinralco our examination of the records of the Company, the Company has not entered into non-cash transactions with directors or persons connected with them.
Any member, who is interested in obtaining such particulars about employees, may write to the Company Secretary at the Registered Office of the company.
Your Company’s employees are instrumental in your Company scaling new heights, year after year. Profit before Interest and Depreciation was Rs.
In the Copper Business, revenues stood at Rs. In our opinion and to the best of our information and according to the explanations given to us, the aforesaid Standalone Ind AS financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31,and its profit including other comprehensive incomeits cash flows and the changes in equity for the year ended on that date.
As a result, the interest and financing charges also reduced from Rs.
Muri Alumina Greentech Gold Award for outstanding achievement in environment management in chemicals sector. The new capital structure has strategic implications for Hindalco and Novelis.
Reports and presentations
Mar 31, The Directors are pleased to present the 53rd Annual Report alongwith the audited annual Standalone and Consolidated accounts of your Company for the year ended 31st March, Any Member, who is interested in obtaining a copy of fi nancial statements of your Company”s subsidiaries, may write to the Company Secretary at the Registered Offi ce of your Company.
Our opinion is not modified in respect of this matter. The Company received an overwhelming response from the lenders despite a tight credit market. Profit before interest and depreciation was Rs. This was achieved despite a significantly lower Repoft and a constant escalation of input costs, largely mitigated by improved efficiencies and higher other income. Askaran Agarwala retire from office by rotation and, being eligible, offer themselves for reappointment.
Your Company”s internal Auditors have conducted periodic audits to provide reasonable assurance that the established policies and procedures have been followed.
This reflects steady improvements in operations across the board. Utkal Alumina revenues has grown to Rs.