Hindalco Industries Ltd (HALC.BO)
|Market Cap (Mil.):||Rs325,851.31|
|Shares Outstanding (Mil.):||2,064.96|
Reuters Market Eye - Sesa Sterlite gains 3.2 percent, Hindalco Industries 2.7 percent, CESC 1 percent.
MUMBAI - A court asked for further investigation into an illegal coalfield allocation case involving Hindalco Industries on Tuesday, while hearing an earlier report from the federal police that said the probe was likely to be closed.
(Corrects paragraph 1 and 5 to remove reference to CBI closure report being rejected by the court)
Reuters Market Eye - Tata Steel gains 2.5 percent, while Hindalco Industries is up 2.8 percent.
* Tata Steel gains 2.5 pct, while Hindalco Industries is up 2.8 pct. * Sesa Sterlite surges 3.2 pct, while Jindal Steel and Power advances 2.5 pct. * Traders expect China's unexpected interest rate cut on Friday to boost demand. * Prospects of further stimulus by China to support world's second biggest economy remain bright - analysts. * China currently consumes around half of the world's metals - World Bank Data. * Also, the European Central Bank indicates it would step up asset purchases to
MUMBAI - Aluminium and coal producer Hindalco Industries Ltd posted a steep 78 percent drop in quarterly net profit, hurt by a one-time provision for additional levies related to the deallocation of one of its coal mines.
MUMBAI, Nov 13 - Indian aluminium and coal producer Hindalco Industries Ltd posted a steep 78 percent drop in quarterly net profit, hurt by a one-time provision for additional levies related to the deallocation of one of its coal mines.
MUMBAI, Oct 16 - Indian shares fell for a second consecutive session on Thursday, as companies seen most exposed to the global economy such as Hindalco Industries and Sesa Sterlite declined tracking a downturn in global markets.
Reuters Market Eye - Hindalco Industries jumps 4 percent. Global rival Alcoa Inc's earnings beat forecasts, propelled by higher aluminium prices.
* Hindalco Industries jumps 4 percent. * Global rival Alcoa Inc's earnings beat forecasts, propelled by higher aluminium prices. * Augurs well for the company's unit Novelis Inc, investors say. * Novelis is the world's largest producer of rolled aluminium products. (email@example.com / firstname.lastname@example.org)