Hindalco surges on planning to invest Rs 4,000 crore in extrusion, copper & e-waste recycling facilities

Hindalco Industries Ltd. | Metal - Non Ferrous | Metals & Mining | BSE: 500440 | NSE: HINDALCO

23 Aug 2023 Evaluate

Hindalco Industries is currently trading at Rs. 463.40, up by 13.20 points or 2.93% from its previous closing of Rs. 450.20 on the BSE.

The scrip opened at Rs. 455.00 and has touched a high and low of Rs. 465.30 and Rs. 453.05 respectively. So far 147211 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 504.00 on 18-Jan-2023 and a 52 week low of Rs. 358.80 on 28-Sep-2022.

Last one week high and low of the scrip stood at Rs. 465.30 and Rs. 438.35 respectively. The current market cap of the company is Rs. 103495.56 crore.

The promoters holding in the company stood at 34.64%, while Institutions and Non-Institutions held 52.55% and 9.13% respectively.

Hindalco Industries has planned a total investment of Rs 4,000 crore in an extrusion facility for freight wagons and coaches and a copper and e-waste recycling plant. The company has planned a Rs 2,000-crore investment to set up a new extrusion facility for the development of freight wagons, and coaches of prestigious Vande Bharat trains. The company will also make an investment of Rs 2,000 crore to establish a copper and e-waste recycling facility in India.

Hindalco Industries has already commercialized the country's first all-aluminium lightweight rake which enables higher speed with more payload. The company plans to introduce three more designs of freight wagons in the coming months targeting specific end-use applications, including bagged cement, and food grains.

Hindalco Industries is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.

Hindalco Industries Share Price

940.25 -19.40 (-2.02%)

17-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
Hindalco Industries	940.25
Vedanta	253.15
Hindustan Zinc	518.30
Jain Resource Recycl	328.60
CMR Green Tech	216.60
View more..

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