Metal - Non Ferrous
60 recent notes from companies in this sector. 16 companies tracked.
Bhagyanagar slashes FY27 volume growth target to 12-15% on supply hiccups
Q1 revenue crosses ₹700 cr but management flags April-May disruption; demerger hearing delayed, preferential issue first tranche due in August
Hindustan Zinc posts record Q1 revenue of ₹13,747 cr, net profit jumps to ₹5,469 cr
The Vedanta group company's Q1 FY27 earnings call also covered CEO transition, a new CFO, capacity expansion, and a rare-earth lease win.
Novelis locks in $500M short-term loan; routine treasury move
Hindalco's wholly-owned subsidiary borrowed $500M for general corporate purposes, a standard debt financing that adds to already ample liquidity.
Vedanta Oil & Gas gets govt nod for demerger assets; Cambay excluded
Ministry of Petroleum approves asset transfer, subject to prior liabilities. Cambay block remains contested after court dismissal.
Siyaram Recycling adds ₹2.34 cr domestic order to July streak
The fixed-cost brass scrap contract must be executed within 15 days. At 2.66% of market cap, it is material by disclosure standards yet modest relative to annual revenue of over ₹360 crore.
Siyaram bags ₹99 lakh brass scrap order from repeat buyer Metal Scrap India
The fixed-cost domestic contract, ~1.1% of ₹90 cr market cap, must be executed within five days.
CRISIL upgrades Vedanta Oil & Gas to AA+ from A+
The long-term rating gets a three-notch lift to AA+ with stable outlook; short-term rating withdrawn. The upgrade reflects material improvement in credit profile and financial stability.
Siyaram lands first export order, ₹4.14 cr brass billets to Green Metals
The nano-cap brass recycler's first international contract, for brass billets, must be delivered within seven days. The order is 4.45% of its market cap but just 1.1% of annual revenue.
Siyaram lands fourth brass order in July, ₹2.90 cr from Saanvi
The company has now won four orders this month totaling over ₹6 crore, all within seven-day execution windows. The frequency suggests steady working capital churn rather than a thesis-changer.
Vedanta Oil and Gas promoter stake locked by bond covenants
56.38% of equity is now encumbered under trust deed terms for US$1.75B bonds (not a pledge, but a formal restriction on share dealing).
Vedanta promoters lock 54.7% stake in $1.75B bond deal
Trust deeds signed on 13 July 2026 bar sale or pledge of 2.14 billion shares and require promoters to retain at least 50.1% ownership. Not a traditional pledge, but the restrictions are binding.
Onix Solar Q1 profit leaps 20x to ₹20.83 cr
Standalone net profit of ₹20.83 cr compared to ₹1.01 cr a year ago. Board also okays new corporate office and appoints independent director.
Onix Solar Q1 profit jumps 20x to ₹20.83 cr
Standalone net profit surges to ₹20.83 crore from ₹1.01 crore a year ago. Board approves new corporate office and independent director. Stock trades at P/E of 61.4 after recent non-promoter sale.
Onix Solar board okays Q1 results, sets up Rajkot office
The board formally approved the quarter's numbers and appointed Hitesh Kantilal Bhansali as independent director. Revenue hit ₹93.74 cr standalone, ₹94.51 cr consolidated.
Siyaram Recycling lands another small brass order from Metal Scrap India
A ₹97.94 lakh order, ~1.11% of market cap, with five-day delivery extends a string of quick-turnaround wins.
Poojawestern Metaliks board to consider fresh fundraise July 16
Board meets July 16 to evaluate fundraise options including convertible instruments and promoter debt conversion. Nano-cap with ₹17 cr market cap and 1.55 debt/equity ratio.
Onix Solar board to meet July 15 for Q1 results
Standard procedural filing under SEBI norms. No new financials yet. Trading window closed since July 1.
Vedanta releases 50.1% HZL stake after debenture redemption
Axis Trustee confirms full release of 2.11 bn shares following May 14 paydown, but other pledges remain.
Siyaram Recycling lands ₹1.33 cr brass scrap order from Saanvi Metal Craft
Fixed-cost domestic contract must be executed within seven days. New counterparty adds diversification, though order is modest against ₹362 cr annual revenue.
Onix Solar non-promoter sells ₹85 cr of shares, cuts stake to 13.76%
Abhishek Kamdar cashed out 3.42% equity in the open market weeks after the rights issue allotment.
Siyaram Recycling lands ₹98.41 lakh brass scrap order from Micronova
The seven-day-execution domestic order is the latest in a string of small-ticket wins for the nano-cap brass recycler, adding near-term revenue visibility.
Vedanta Oil & Gas Q1 production drops 17% to 77.7 kboepd
Rajasthan, the main region, fell 15% YoY. The routine operational update shows persistent decline but no surprise; markets likely anticipated the fall.
Vedanta locks 50.1% of HZL stake for FACOR loan covenant
A fresh encumbrance through a maintenance covenant partly reverses last week's pledge release, but the loan is modest and liquidation risk low.
Bharat Wire Ropes promoter group buys ₹37 cr CCPS from Union Bank UK
Gyanshankar E-Trading LLP purchased 3,782 unlisted preference shares originally part of a bank consortium's resolution plan. The deal consolidates promoter ownership without changing paid-up capital.
Siyaram Recycling wins ₹97.70 lakh brass scrap order from Metal Scrap India
The nano-cap adds another small domestic contract, continuing a string of June wins. Delivery due in seven days.
Pocl buys 51% of Trichy Metals for ₹12.46 cr, adds ₹163 cr revenue
A binding acquisition that adds refining and smelting capacity, diversifies into copper and aluminium scrap, and brings a ₹163.74 cr revenue stream into the ₹529 cr nano-cap fold.
Siyaram Recycling lands ₹81.66 lakh Supreme Industries order
The fixed-price supply contract must be executed within seven days. It follows a ₹5.99 crore order last month, deepening ties between the nano-cap and the large plastics maker.
Bhagyanagar raises ₹52 cr via preferential issue to QIBs, individuals
The micro-cap copper products maker will issue shares at ₹348 each, bringing in institutional investors and diluting equity by ~3.8%.
Vedanta Oil & Gas gets ICRA AA+ rating, but details are thin
ICRA's AA+ rating is a credential, not a catalyst, for a debt-free mid-cap that just reported a production drop.
Pocl Enterprises shuts trading window ahead of acquisition board meet
Trading window closes June 29 for a July 1 board meeting to consider an acquisition, in addition to approving Q1 results. The move follows Pocl's recent ₹12.46 cr purchase of 51% of Trichy Metals.
Hindustan Copper gets forest clearance for Chandmari mine
The clearance is co-terminus with the existing lease and adds no reserves or expansion. A routine regulatory step for the state-run miner.
Siyaram lands ₹5.99 cr Supreme Industries order, fourth win this month
The deal is equal to 8% of market cap and marks the first disclosed engagement with the plastic-polymer giant. Seven-day delivery offers near-term cash flow visibility.
Vedanta releases pledge on 55% of Hindustan Zinc after repaying facility
Vedanta prepaid a facility on June 17, 2026, triggering the full release of encumbrances over 2.32 billion Hindustan Zinc shares, a 55.04% stake that had been pledged since July 2024.
Hindustan Zinc picks ex-SAIL chief as CEO-designate
After a brief two-month extension for Arun Misra, the board appoints Amarendu Prakash effective June 19, 2026, bringing steel industry leadership to the zinc miner.
Hindalco's new bike parts plant won't move the needle
The plant can make 5 lakh frames and forks annually, but at a ₹2.7 lakh crore revenue company, it's a rounding error.
Southern Magnesium faces ₹30 lakh GST notice, exceeds annual profit
The demand for alleged short payment of output tax over 10 months is material for the nano-cap. Its entire FY26 profit was just ₹12.6 lakh.
Siyaram Recycling lands ₹3.21 cr order, its largest from Anurag Impex
The domestic fixed-price deal represents 4.27% of market cap and is the third contract from the same buyer this year, signalling deepening ties.
Bharat Wire Ropes' main plant restarts after 8-day MPCB shutdown
Maharashtra Pollution Control Board reversed its June 9 stoppage order on June 17; production at Chalisgaon unit resumes. No material financial impact expected.
Siyaram Recycling lands second export order from UAE buyer, value doubles
Nano-cap firm secures $426,000 contract from Green Metals FZCO, double the previous order, with delivery in seven days.
Onix Solar promoter sells ₹26 cr of shares, stake dips to 54.60%
Promoter Onix Renewable sold 1.84% equity off-market just after a ₹60 cr rights issue. The signal is mild but notable.
Siyaram lands its first export order, worth ₹1.77 cr
A seven-day contract from a UAE buyer marks a new international customer for the brass recycler, diversifying a mostly domestic book.
Maharashtra pollution board shut Bharat Wire Ropes' main plant
A regulatory order has halted operations at the Chalisgaon factory, the company's registered office and primary manufacturing site.
Siyaram Recycling bags ₹1.13 cr order, a big deal for a tiny company
The fixed-price brass scrap contract is due in seven days. At 1.48% of its market cap, it clears the materiality threshold.
Hindustan Copper gets a new CMD from the fertilizer sector
Anupam Misra, currently Director (Marketing) at FACT, takes over on July 1, 2026, to lead the copper miner's Vision 2030 expansion.
JTL Defence to raise ₹100 cr, a quarter of its market cap
The nano-cap board will seek shareholder approval for a fresh equity infusion. The move comes after a recent return to profitability and a strategic rebranding.
JTL Defence clears a ₹100 cr raise that's a quarter of its market cap
The nano-cap's board green-lit up to ₹100 crore in fresh equity, with the route and pricing still open. The move follows a recent NCLT-approved restructuring.
ED spent three days searching Hindustan Zinc under forex law
The agency concluded its probe on June 3 at 4:10 AM. The company says it cooperated and sees no operational impact.
ED searches Vedanta and Hindustan Zinc offices
The Enforcement Directorate raided the metals conglomerate on Tuesday, a sudden regulatory shock with no prior disclosure or known trigger.
Bonlon Industries offloads subsidiary for ₹10 lakhs
The company cleared its annual results and sold its entire stake in SHV Industries. The transaction is immaterial to the company's ₹74 crore market cap.
Hindustan Zinc gives CEO two months, names Vedanta insider as CFO
A two-month CEO extension signals a succession search. A veteran Vedanta financial hand takes the CFO role from June.
Bhagyanagar pays ₹17.5 cr to tax authorities while fighting the notice
The DGGI's show cause notice for alleged ITC irregularities claims 1.94% of Bhagyanagar's market cap. Management has paid under protest and plans to fight.
ICRA lifts Vedanta’s credit rating to AA+ on improved liquidity
The agency removed its watch tag and assigned a stable outlook. It cites lower refinancing risks and better debt coverage for the group.
Mukul Agrawal nears total exit from Siyaram Recycling
Param Value Investments has offloaded another 4.65% stake in the brass recycler, cutting its holding to 1.49% after a series of open-market sales.
Ram Ratna Wires revenue jumps 83% in Q4 as demand surges
The company reported a full-year profit of ₹109 crore, up 55%, as its copper tubes and pipes segment captured a larger share of the revenue mix.
Ram Ratna Wires profit jumps 51% as tax dispute looms
Annual revenue hit ₹5,076 crore, but an auditor-flagged ₹67.9 crore tax demand complicates the outlook.
Hindalco's Oswego mill restart beats schedule as India EBITDA hits record
Management confirmed the US hot mill will restart in weeks, while record India aluminium and copper performance anchored a strong Q4 finish.
Shivalik Bimetal targets 20-30% growth in FY27
Management expects a rebound in US shunt business and significant contributions from its new Pune facility to drive revenue expansion.
Pocl's FY26 results are in. They match expectations.
The annual filing is a procedural update. A 40% dividend is recommended, and preferential-issue proceeds were used as planned.
Pocl's profit grew 27% in FY26. The filing adds nothing new.
Standalone net profit hit ₹39.61 crore. The annual results were already anticipated, making this a standard disclosure.
Hindalco delays two key projects as Novelis margins soften
A six-month setback at the Oswego hot mill and a slower coal mine timeline compound a 4% dip in Novelis EBITDA per ton.