Hindalco Industries Ltd.

Hindalco Industries is currently trading at Rs. 447.05, up by 1.15 points or 0.26% from its previous closing of Rs. 445.90 on the BSE.

The scrip opened at Rs. 449.00 and has touched a high and low of Rs. 449.00 and Rs. 440.30 respectively. So far 171479 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 461.00 on 29-Jul-2021 and a 52 week low of Rs. 155.00 on 24-Sep-2020.

Last one week high and low of the scrip stood at Rs. 461.00 and Rs. 401.15 respectively. The current market cap of the company is Rs. 99414.24 crore.

The promoters holding in the company stood at 34.64%, while Institutions and Non-Institutions held 45.53% and 13.73% respectively.

Hindalco Industries is planning to invest around Rs 8,000-10,000 crore in Hirakud, Silvassa, and Mundra plants. The investment will be for expanding flat rolling capacity at Hirakud, Odisha, new extrusion plant at Silvassa in Dadra and Nagar Haveli, and in a greenfield site at Mundra in Gujarat with a recycling facility.

The company is planning to expand its aluminium downstream business with a focus on value-added products (VAP) over the next three-seven years, Hindalco said its products would cater to customized requirements for varied and complex applications of aluminum. The Hirakud plant capacity for flat-rolled products is estimated to be 3,40,000 tonne per annum. The planned capacity of the extrusion plant at Silvassa is 34,000 tonnes per annum, which would have three extrusion presses to service premium customers in building and construction, automobile and transport, electrical, consumer, and industrial goods sectors. In addition, the new extrusion and recycling unit at Mundra is awaiting the land acquisition process and would have a capacity of 93,000 tonnes per annum.

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.