Hindalco Industries trades higher on partnering with Aequs in commercial aerospace sector
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Hindalco Industries is currently trading at Rs. 381.00, up by 5.90 points or 1.57% from its previous closing of Rs. 375.10 on the BSE.
The scrip opened at Rs. 379.75 and has touched a high and low of Rs. 382.05 and Rs. 376.65 respectively. So far 161119 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 636.00 on 29-Mar-2022 and a 52 week low of Rs. 309.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 382.05 and Rs. 354.10 respectively. The current market cap of the company is Rs. 85673.55 crore.
The promoters holding in the company stood at 34.64%, while Institutions and Non-Institutions held 46.29% and 15.38% respectively.
Hindalco Industries and Aequs, a leading aerospace components maker, have sealed a strategic alliance for long-term collaboration and joint business development in the commercial aerospace sector. The partnership leverages the capabilities, market presence, and industry knowledge of the respective parties for the development, manufacture and qualification of extrusions required for commercial aerospace OEMs and other Aequs customers.
With the introduction of aluminium extrusions to its portfolio in partnership with Hindalco, Aequs strengthens the one-stop solution strategy with a fully localized aerospace supply chain that is sustainable and ecofriendly.
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.
