Hindalco Industries Ltd.

Hindalco Industries is currently trading at Rs. 120.30, up by 6.50 points or 5.71% from its previous closing of Rs. 113.80 on the BSE.

The scrip opened at Rs. 119.25 and has touched a high and low of Rs. 123.95 and Rs. 116.85 respectively. So far 426370 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 221.20 on 02-Jan-2020 and a 52 week low of Rs. 85.05 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 123.95 and Rs. 99.00 respectively. The current market cap of the company is Rs. 25562.72 crore.

The promoters holding in the company stood at 34.65%, while Institutions and Non-Institutions held 46.05% and 13.39% respectively.

Hindalco Industries’ wholly-owned subsidiary -- Novelis Inc. has completed the acquisition of Aleris Corporation. The acquisition, which closed at an enterprise value of $2.8 billion, positions Hindalco as one of the world’s largest aluminium companies, with a global footprint spanning 49 state-of-the-art manufacturing facilities in North America, Europe and Asia. The Aleris deal marks a major milestone for Hindalco and Novelis, on their path to global leadership.  

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.