Hindalco nears 52 week low on Hirakud plant order

Shares of Hindalco plummeted 2.68% on reports that the the Odisha State Pollution Control Board (OPSCB) has asked the company to shut down the captive power plant (CCP) of smelter plant near Hirakud in western Odisha in the wake of a breach in the company's ash pond that damaged standing crops in the locality.

The shares were traded at Rs 110.90 at 11.00 am IST on the Bombay Stock Exchange, close to its 52 week low of Rs 105.35.

An industry leader in aluminium and copper, Hindalco Industries Limited, the metals flagship company of the Aditya Birla Group is the world's largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia. Its copper smelter is the world's largest custom smelter at a single location.

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