SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Hindalco Industries gains on entering into Power Purchase agreement with Ayana Renewable Power

05 Sep 2023 Evaluate

Hindalco Industries is currently trading at Rs. 487.70, up by 1.10 points or 0.23% from its previous closing of Rs. 486.60 on the BSE.

The scrip opened at Rs. 486.55 and has touched a high and low of Rs. 489.35 and Rs. 478.00 respectively. So far 105827 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. 492.25 and Rs. 455.65 respectively. The current market cap of the company is Rs. 109720.35 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 and Ayana Renewable Power have entered into Power Purchase agreement for the supply of 100 MW of Round-the-Clock (RTC) renewable energy to Hindalco’s smelter plants in Odisha. This captive power project is a significant milestone in Ayana’s efforts towards becoming a demand-driven energy solution provider. 

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 Share Price

1033.45 -7.95 (-0.76%)
24-Apr-2026 11:07 View Price Chart
Peers
Company Name CMP
Hindalco 1033.45
Vedanta 717.85
Hindustan Zinc 592.05
Jain Resource Recycl 403.45
Gravita India 1577.85
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×