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Hindalco Industries Limited (HINDALCO.NS)

NSE - NSE Real-time price. Currency in INR
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614.75+1.95 (+0.32%)
At close: 03:29PM IST
Full screen
Previous close612.80
Bid0.00 x 0
Ask0.00 x 0
Day's range600.70 - 616.30
52-week range397.80 - 625.40
Avg. volume8,652,662
Market cap1.375T
Beta (5Y monthly)1.40
PE ratio (TTM)14.56
EPS (TTM)42.23
Earnings date24 May 2024
Forward dividend & yield3.00 (0.49%)
Ex-dividend date14 Aug 2023
1y target estN/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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