Hindalco Industries gains on entering into Power Purchase agreement with Ayana Renewable Power
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Hindalco Industries is currently trading at Rs. 487.70, up by 1.10 points or 0.23% from its previous closing of Rs. 486.60 on the BSE.
The scrip opened at Rs. 486.55 and has touched a high and low of Rs. 489.35 and Rs. 478.00 respectively. So far 105827 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 504.00 on 18-Jan-2023 and a 52 week low of Rs. 358.80 on 28-Sep-2022.
Last one week high and low of the scrip stood at Rs. 492.25 and Rs. 455.65 respectively. The current market cap of the company is Rs. 109720.35 crore.
The promoters holding in the company stood at 34.64%, while Institutions and Non-Institutions held 52.55% and 9.13% respectively.
Hindalco Industries and Ayana Renewable Power have entered into Power Purchase agreement for the supply of 100 MW of Round-the-Clock (RTC) renewable energy to Hindalco’s smelter plants in Odisha. This captive power project is a significant milestone in Ayana’s efforts towards becoming a demand-driven energy solution provider.
Hindalco Industries 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.
