Hindalco Industries Ltd (HALC.BO)
MUMBAI - Aluminium and copper producer Hindalco Industries Ltd on Thursday posted a 7.5 percent rise in quarterly profit, helped by higher volumes and realisations in both businesses.
MUMBAI, Feb 12 - Indian aluminium and copper producer Hindalco Industries Ltd on Thursday posted a 7.5 percent rise in quarterly profit, helped by higher volumes and realisations in both businesses.
** Unit Novelis reported net income of $46 million in the third quarter, up from $13 million in the same period the prior year
LONDON, Jan 14 - Big copper firms from India's Hindalco to Poland's KGHM led emerging equity falls on Wednesday as prices for the metal plunged to 5-1/2 year lows, fuelling concerns about growth and deflation in many countries.
** Augurs well for the company's unit Novelis Inc, which competes with Alcoa in the North American markets, investors say
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