Hindalco Industries is an Aluminium manufacturing company. The company with its base in India is in fact, the largest Aluminum manufacturer in India. The famous and noteworthy Aditya Birla Group is the parent of this company. Hindalco Industries was founded way back in the year 1962. The headquarters are situated at Mumbai, India. More than 15,000 employees are working for the continual operations of the Aluminium giant. As per the official financial report for the fiscal year 2008 the total revenue was recorded as $ 14.8 billion. The annual sales volume goes up to $ 5 billion a year. It is a Forbes 2000 company. Hindalco is one of the biggest producers of primary Aluminium in Asia. Moreover it is world’s largest Aluminium rolling company.
In the year 2007 Hindalco Industries made a giant leap when it acquired the Canadian company Novelis for U$6 billion. In June 2000, the business entity acquired the controlling stake in Indian Aluminium Company Limited (Indal) with 74.6 per cent equity holding. Alcan Inc. had stakes in the Utkal Alumina Project located in Orissa. In the year 2007, Hindalco announced its plans to acquire that stake of Alcan Inc.
Driven by the dynamism and visionary thinking of the parent Aditya Birla Group Hindalco Industries is continuously breaking new grounds everyday. In the near future it has more acquisition plans so as to increase its market holding and coverage area.
As a company existing for more than 47 years & with a stable growth portfolio it is quite reliable for the investors for both short term and long term trading goals. If you have anything to say about the performances of its shares in the stock market you are most welcome to do so. All your tips, market analysis & suggestions regarding the buying and selling of stocks of the Hindalco Industries in the trading arena are very welcome in this platform which discusses Indian Companies and their individual & investors’ growth story. Any questions related to the market performance of the Company can be raised in this stock market forum.
Buy Hindalco with target of Rs 170 and stop loss of Rs 157, says Ashish Chaturmotha of Anand Rathi Securities on NDTV Profit. The stock is currently trading at Rs 161.75, up 0.4% on the BSE.