751.0500 7.75 (1.04%)
NSE Sep 22, 2025 13:40 PM
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Hindalco Industries Ltd.
22 Dec 2021, 12:00AM
751.05
1.04%
ICICI Securities Limited
Hindalco’s decision to acquire Hydro's aluminium extrusions business in India (Kuppam in AP) for Rs2.5bn falls within the envelope of Hindalco’s ‘Doubling the downstream’ strategy wherein the company has entailed a capex of US$1.1bn. The plant will also serve as an archetype for Hindalco's upcoming extrusions plant in Silvassa (Rs7.3bn capex for 34ktpa greenfield plant).
Hindalco Industries .. has an average target of 748.22 from 9 brokers.
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