Hindalco Industries trades higher on the bourses

Hindalco Industries is currently trading at INR 73.35, up by 0.20 points or 0.27% from its previous closing of INR 73.15 on the BSE. The scrip opened at INR 72.50 and has touched a high and low of INR 73.65 and Rs. 71.70 respectively. So far 365860 shares were traded on the counter.

The BSE group 'A' stock of face value INR 1 has touched a 52 week high of INR 176.40 on 27-Nov-2014 and a 52 week low of INR 71.30 on 07-Sep-2015. Last one week high and low of the scrip stood at INR 78.95 and INR 71.70 respectively. The current market cap of the company is INR 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.

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.

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