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Hindalco Industries Limited (HINDALCO.BO)
| Previous close | 618.20 |
| Open | 620.35 |
| Bid | 625.45 x 0 |
| Ask | 626.45 x 0 |
| Day's range | 618.00 - 629.40 |
| 52-week range | 398.00 - 661.30 |
| Volume | |
| Avg. volume | 306,691 |
| Market cap | 1.4T |
| Beta (5Y monthly) | 1.41 |
| PE ratio (TTM) | 14.82 |
| EPS (TTM) | 42.23 |
| Earnings date | 24 May 2024 |
| Forward dividend & yield | 3.00 (0.48%) |
| Ex-dividend date | 14 Aug 2023 |
| 1y target est | 305.58 |
- Reuters
UPDATE 2-India's Hindalco mulls seeking $1.2 bln in Novelis IPO, Bloomberg News reports
Hindalco Industries , owned by Indian billionare Kumar Mangalam Birla, is considering seeking about $1.2 billion in the initial public offering of its U.S.-based unit Novelis, Bloomberg News reported on Wednesday. Hindalco, one of India's largest aluminium and copper producers, may target a valuation of about $18 billion for Novelis, which the Birla group will seek to list on the New York Stock Exchange by September, the report added, citing people familiar with the matter.
ReutersAluminum products maker Novelis confidentially files for US IPO
Aluminum products maker Novelis has confidentially filed papers with the SEC, joining the likes of Reddit seeking to gauge investor interest in an IPO.
- Reuters
India's Hindalco to invest $96 million to set up battery foil plant in Odisha state
BENGALURU (Reuters) -Hindalco Industries said on Tuesday it will invest 8 billion rupees ($96 million) to set up a battery foil manufacturing facility to tap the expanding electric vehicles market in India . The plant, set to be opened in the eastern state of Odisha, is slated to be operational by July 2025 and will produce 25,000 tonnes of aluminium foils, a key component in lithium-ion cells essential for rechargeable batteries, which are primarily used in electric vehicles (EVs), the company said in a statement. The domestic EV market is expected to grow at a compound annual growth rate of 49%, amounting to yearly sales of 10 million units by 2030, according to a recent annual Economic Survey.
