Hindalco On Firm Ground, Forges Ahead

At 10:03 am, Hindalco IndustriesHindalco Industries is quoting at Rs 173.90, up Rs 9.45, or 5.75%. The scrip has touched an intraday high of Rs 174.45 and an intraday low of Rs 167.50.

Today the scrip was trading with volumes of 2,577,720 shares. Yesterday the share closed up 6.17% or Rs 9.55 at Rs 164.45.

Hindalco is a flagship company of Aditya Birla Group, which is divided into two strategic business sections i.e. Aluminium and Copper. Hindalco is an industry leader in both sectors.

It is one of the world’s biggest aluminum rolling company and the biggest producers of primary aluminium in Asia.

Hindalco was established in 1958, and it commissioned its aluminium facility at Renukoot in eastern U.P. in 1962. At present, it has today grown to be the country's largest integrated aluminium producer and ranks among the top quartile of low cost producers in the world.

With a planned goal to attain vertical integration in the copper business, Hindalco took hold of two captive copper mines in Australia — Nifty and Mt. Gordon through Aditya Birla Minerals Limited.