Hindalco Industries is currently trading at Rs. 116.65, up by 0.35 points or 0.30% from its previous closing of Rs. 116.30 on the BSE.
The scrip opened at Rs. 117.70 and has touched a high and low of Rs. 118.85 and Rs. 116.25 respectively. So far 4, 55,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 221.70 on 28-Apr-2011 and a 52 week low of Rs. 111.25 on 02-Jan-2012.
Last one week high and low of the scrip stood at Rs. 125.85 and Rs. 115.50 respectively. The current market cap of the company is Rs. 22,380 crore.
The promoters holding in the company stood at 32.06% while Institutions and Non-Institutions held 41.79% and 17.76% respectively.
Hindalco Industries’ subsidiary -Novelis Inc., the world’s leading producer of premium aluminium rolled products, has signed an agreement with the Changzhou National Hi-Tech district to build the company’s first automotive sheet manufacturing facility in China. The agreement, which includes land use rights to more than 160 acres, was signed at a formal ceremony in Changzhou city in the Jiangsu province of China.
Novelis is the world’s leading producer of rolled aluminium for the global automotive market and the leading provider of aluminium sheet to the rapidly expanding Chinese automobile industry. The wholly-owned $100 million plant will have a capacity of 120,000 metric tonnes per year and is expected to be commissioned in late 2014.
Located in the heart of the Changzhou National Hi-Tech district, the new site is close to vital rail lines, the Changzhou deep water port on the Yangtze River and other world-class businesses and commercial infrastructure. The company plans to ship rolled aluminium coils manufactured at its South Korean operations to the new facility in Changzhou for heat treatment and finishing before delivery to automotive customers within China as well as to export markets.
Novelis is a subsidiary of Hindalco Industries, one of Asia's largest integrated producers of aluminium and a leading copper producer.
| Company Name | CMP |
|---|---|
| Hindalco | 705.50 |
| Vedanta | 454.00 |
| Hindustan Zinc | 711.75 |
| Gravita India | 1119.30 |
| Ram Ratna Wires | 367.10 |
| View more.. | |
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