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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However, annual accounts of the subsidiary companies and the related detailed information will be made available to the holding and subsidiary companies investor’s seeking such information at any point of time. Significant audit observations and corrective action s thereon are presented to the Audit Committee. The Company has hindalvo accepted any deposit from the public within the meaning of section 73, 74, 75 and 76 of the Act and Rules framed thereunder to the extent notified.
Profit before depreciation, interest and taxes soared to a record level of Rs. FYwas a watershed year for your company.
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Jagdish Khattar was appointed as a Director in casual hindalvo caused due to demise of Mr. Contractors have mobilised about 16, people at the site. Mar 31, Dear Shareholder, The Directors have pleasure in presenting the 56th Annual Report and rsport audited standalone and consolidated financial statements of your company for the year ended 31st March, The Company undertakes to appropriately finance the project.
The recent rolling expansion in Pindamonhangaba Pinda facility, coupled with the strong demand in Brazil, contributed to the higher shipments and strong operating results in South America.
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As required under 201-12 Act, the remuneration payable to the cost auditor is required to be placed before the Members in a general meeting for their ratification.
The increase was primarily driven by higher shipments, favourable product mix due to a strategic shift to grow automotive shipments and cost benefi ts from using a higher percentage of recycled metal inputs.
For detailed analysis, refer Management Discussion and Analysis. This is the largest non-bank QIP in the last two years.
Segment Performance Of the total annual revenue of Rs. The results were impacted by lower profits in Indian Aluminium operation due to macro-economic conditions. Your Annyal employees are instrumental in your Company scaling new heights, year after year.
A summary of adjustments made so far against BRR is given in the following table: Mar 31, Dear Shareholder, The Directors have pleasure in presenting the 59 th Annual Report and the audited standalone and consolidated financial statements of your company for the year ended 31 st March, Jagdish Khattar, Independent Director, Mr.
Resolutions seeking your approval for introduction and implementation of ESOS- and granting such number of Stock Options exercisable into not more than 54,62, equity shares of Rs. Cost Accountants, Mumbai to conduct the cost audit of your Company for the financial year ending 31st March, at a remuneration as Mentioned in the Notice convening the AGM, subject to ratifi cation of remuneration by Members of your Company.
The extent of ownership interest of the Company in AV Minerals has not been affected by the reduction in the paid up capital. Consequent to the change in accounting policy, actuarial gains or losses along with related deferred tax have been adjusted against Reserves and Surplus.
Directors Report of Hindalco Industries Ltd. Company
Natural gas adaptation for its rotary kilns is being evaluated. Your Company’s employees are instrumental in your Company scaling new heights, year after year. The primary consideration for obtaining the mines is to ensure your Company”s coal security. During the year, Novelis invested in major recycling initiatives in all four operating regions, including advanced equipment and technology to process diversified scrap inputs, which will enable the Company to achieve recycled content of 50 percent in its products by Due to certain exceptional circumstances, the accounts of Idea Cellular Limited Ideaone of the associates of the Company, were not available and hence could not be consolidated in the accounts for the year ended 31st March, Pursuant to the program, a portion of fixed assets have been physically verified by the management during the year and no material discrepancies between books record and physical inventory has been noticed.
The rolling expansion, which will include investments in both hot rolling and cold rolling operations, will increase aluminium sheet capacity in Asia to 1, Kt annually. Fixed Deposits The Company has not accepted any public deposits and, as such, no amount on account of principal or interest on public deposits was outstanding as on the date of the Balance Sheet.
The Nomination and Remuneration Committee has formulated the remuneration policy of your company which is attached as Annexure-IV to the full Annual Report. The Board of Directors of your Company met five times during the year, details of which are given in the Corporate Governance Report forming part of the Full Annual Report.
Kumar Mangalam Birla and appointment of Ms. Your Company s Internal Auditors have conducted periodic audits to provide reasonable assurance that established policies and procedures have been followed. Mt Gordon mines operations is currently placed under care and maintenance. Wholly Owned Subsidiary Novelis reported strong operating results in FY12 despite challenging market conditions globally.
Upon allotment of , equity shares of Re 1 each at a premium of Rs Deputy Managing Director, Mr.
Production of copper was at an all time high at