Hindalco Industries Ltd.

Hindalco Industries is currently trading at Rs. 73.35, up by 0.20 points or 0.27% from its previous closing of Rs. 73.15 on the BSE.

The scrip opened at Rs. 72.50 and has touched a high and low of Rs. 73.65 and Rs. 71.70 respectively. So far 365860 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 176.40 on 27-Nov-2014 and a 52 week low of Rs. 71.30 on 07-Sep-2015.

Last one week high and low of the scrip stood at Rs. 78.95 and Rs. 71.70 respectively. The current market cap of the company is Rs. 14991.80 crore.

The promoters holding in the company stood at 36.99% while Institutions and Non-Institutions held 41.16% and 14.18% respectively.

Hindalco Industries’ subsidiary Aditya Birla Minerals has signed a binding agreement with Lighthouse Minerals Holdings to sell the Mt Gordon Copper mine in Australia for A$5 million cash. It will also receive further staggered payments based on the LME (London Metal Exchange) copper price. The deal is expected to be completed by the October end.

The Mt Gordon Copper mine was put under care and maintenance in April 2013 after copper prices crashed below the cost of production.

Hindalco Industries, the metals flagship company of the Aditya Birla Group, 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.