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Hindalco's networth impacted by Novelis write-offs
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Hindalco's networth impacted by Novelis write-offs
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Published On: February 18, 2009
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Two years after acquiring the US-based Novelis, Aditya Birla Group chairman Kumar Mangalam Birla has taken the unpalatable but prudent step of writing off $1.8 billion from its net worth on account of asset impairment.
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