10 FEBRUARY 2011AL CIRCLE
Hindalco: Novelis buy pays off
Edited by : AL CIRCLE
1 min read
...The markets are not known to reward managements for their long-term vision. In 2007, Kumar Birla faced the wrath of the stock market when he took a $6.2 billion call on Novelis, the Atlanta-based producer of rolled aluminum products. The markets questioned his assumption that more aluminum would be consumed by automobile, transport, electronics and cola companies...
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