Hindalco up 3% on forest clearance for Mahan coal block

Written By Unknown on Rabu, 31 Oktober 2012 | 15.45

Aluminium major Hindalco Industries gained 2.8 percent to Rs 114 after the Essar Energy (a subsidiary of London listed Essar Energy plc) has secured forest clearance for Mahan coal block.

Mahan Coal is a joint venture between Essar Energy and Hindalco Industries.

The stock dropped over 7 percent in last one month and more than 16 percent in one year.

Market capitalisation of the company currently stands at Rs 21,783.86 crore.



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