Hindalco Industries Limited (HINDALCO.NS)
| Previous close | 612.80 |
| Open | 609.00 |
| Bid | 615.50 x 0 |
| Ask | 615.55 x 0 |
| Day's range | 600.70 - 616.25 |
| 52-week range | 397.80 - 625.40 |
| Volume | |
| Avg. volume | 8,691,412 |
| Market cap | 1.378T |
| Beta (5Y monthly) | 1.40 |
| PE ratio (TTM) | 14.59 |
| EPS (TTM) | 42.22 |
| Earnings date | 24 May 2024 |
| Forward dividend & yield | 3.00 (0.49%) |
| Ex-dividend date | 14 Aug 2023 |
| 1y target est | N/A |
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India's Hindalco to invest $96 million to set up battery foil plant in Odisha state
BENGALURU (Reuters) -Hindalco Industries said on Tuesday it will invest 8 billion rupees ($96 million) to set up a battery foil manufacturing facility to tap the expanding electric vehicles market in India . The plant, set to be opened in the eastern state of Odisha, is slated to be operational by July 2025 and will produce 25,000 tonnes of aluminium foils, a key component in lithium-ion cells essential for rechargeable batteries, which are primarily used in electric vehicles (EVs), the company said in a statement. The domestic EV market is expected to grow at a compound annual growth rate of 49%, amounting to yearly sales of 10 million units by 2030, according to a recent annual Economic Survey.
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