Business Standard

Hindalco dips as state pollution board orders closure of Hirakud plant

The stock underperformed the market by falling over 8% in past four trading session as compared to 1% rise in benchmark Sensex

Related News

Hindalco is trading lower by 3% at Rs 111 on reports that the Odisha State Pollution Control Board (OPSCB) has asked the company to shut down the captive power plant (CCP) of smelter plant near in western Odisha in the wake of a breach in the company's ash pond that damaged standing crops in the locality.

“The company, which has a brownfield aluminum smelter facility having capacity 1.46 lakh ton per annum and CPP of capacity 367.5 MW, generates about 3000 ton of ash per day from its CPP,” the report suggests.

The stock is currently trading at its three-month low and has underperformed the market by falling over 8% in past four trading session on reporting 34% year-on-year drop in net profit for the quarter ended June 2012. The benchmark Sensex has gained around 1% during the same period.

Read more on:   
|
|

Read More

Sebi imposes fine on three persons for lack of disclosure

Pursuant to this purchase, their total holding rose to 11.2% in the company, crossing a threshold limit of 10% to attract the provisions of Sebi's ...

Quick Links

 

Market News

Gold trading at a discount of up to Rs 220 for 10g on supply glut

Importers rush to clear consignments and sell ahead of any move by Russia to dump gold to arrest rouble fall

Basmati exports set to decline

Iran purchases about 40 per cent of the basmati rice sold in the international market by Indian exporters

Oil jumps 3% to $63

US crude for January delivery, which expires after Friday's settlement, was up $1.83 at $58.30 a barrel

Today's picks- 18 December 2014

Nifty, Bank Nifty, Jindal Steel, TCS & Cairn

India's estimated groundnut output down 24 per cent in 2014-15

Failure to procure crop last year at minimum support price forced farmers to explore different crops

Back to Top