09 MARCH 2015Business Standard
Hindalco Industries gains after winning a coal block in Jharkhand
Edited by : AL CIRCLE
1 min read
Hindalco Industries rose 0.54% to INR148.70 at 9:15 IST on BSE after the company won the Dumri coal block in Jharkhand at Rs 2,127 per tonne on the third day of coal auctions for schedule III category mines held on Saturday, 7 March 2015.
The stock hit a high of INR 150 and a low of INR 148 so far during the day. The stock hit a 52-week high of INR 198.70 on 25 July 2014. The stock hit a 52-week low of INR 112.15 on 5 March 2014.
The Dumri coal block has a total extractable reserve of 40.854 million tonnes.
The coal ministry has started auctioning coal blocks after the Supreme Court in September last year cancelled the allocation of more than 200 coal mines allotted between 1993 and 2010 after ruling that they were arbitrary and illegal.
Hindalco Industries' net profit rose 7.6% to INR 359.36 crore on 17.9% rise in total income to INR 8815.51 crore in Q3 December 2014 over Q3 December 2013.
Hindalco, a part of Aditya Birla Group, is the aluminium rolling company. It is one of the three biggest producers of primary aluminium in Asia with the largest single location copper smelter.
The stock hit a high of INR 150 and a low of INR 148 so far during the day. The stock hit a 52-week high of INR 198.70 on 25 July 2014. The stock hit a 52-week low of INR 112.15 on 5 March 2014.
The Dumri coal block has a total extractable reserve of 40.854 million tonnes.
The coal ministry has started auctioning coal blocks after the Supreme Court in September last year cancelled the allocation of more than 200 coal mines allotted between 1993 and 2010 after ruling that they were arbitrary and illegal.
Hindalco Industries' net profit rose 7.6% to INR 359.36 crore on 17.9% rise in total income to INR 8815.51 crore in Q3 December 2014 over Q3 December 2013.
Hindalco, a part of Aditya Birla Group, is the aluminium rolling company. It is one of the three biggest producers of primary aluminium in Asia with the largest single location copper smelter.
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