|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||163.10 - 180.70|
|52-week range||84.90 - 221.20|
|Beta (5Y monthly)||1.52|
|PE ratio (TTM)||18.64|
|Forward dividend & yield||1.00 (0.56%)|
|1y target est||N/A|
India's Hindalco Industries Ltd <HALC.NS> on Thursday signed an agreement with UltraTech Cement Ltd <ULTC.NS> to supply 1.2 million tonnes of bauxite residue every year to be used as a raw material for cement, as part of its push for alternative methods of disposing of the toxic waste. Hindalco, India's top aluminium and copper producer, said it would supply 2.5 million tonnes of bauxite residue, also known as red mud, to 40 cement companies this year, to help cement makers to replace their existing raw materials such as laterite, a mineral. Of the 2.5 million tonnes, 1.2 million tonnes would go to UltraTech's 14 cement plants spread across seven states.
** Renewable power producer Pattern Energy won shareholders' approval to be taken private by Canada Pension Plan Investment Board (CPPIB) for $2.63 billion. ** German utility E.ON has shortlisted Czech billionaires and an energy group as potential buyers of its 800 million euro ($908 million) Czech retail operations, which it must sell to appease competition regulators. ** Britain's government is likely to delay the full sale of its 62% stake in Royal Bank of Scotland until at least 2025, Sky News reported, citing a source close to the bank.
GFG Alliance, owned by British commodities tycoon Sanjeev Gupta, has agreed to buy the Duffel aluminium plant in Belgium from Novelis [NVLXC.UL], the group said on Friday. The deal for the plant, which supplies the auto industry and is one of the largest rolling mills in Europe, adds to a string of acquisitions in steel and aluminium across Europe by Gupta's privately-held group. "The deal is consistent with GFG Alliance’s strategy to create an international, vertically integrated aluminium business," GFG said in a statement.