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Hindalco Industries Ltd updates on incident at Alumina Plant

Posted On: 2019-04-10 10:02:32

There was an incident in the red mud (bauxite residue) storage area connected to the alumina plant situated at Muri, Jharkhand, on 9th April 2019. The incident involved a spillage in the red mud cake storage area.

As a precautionary measure, operations have been temporarily suspended to assess the situation. Preliminary investigations indicate no material impact on the surrounding environment or to property. Efforts are ongoing to clear the spillage. Four persons with minor injuries have been treated, and one contract workman is missing. This incident is not expected to have any material impact on the company's performance.

Shares of HINDALCO INDUSTRIES LTD. was last trading in BSE at Rs.216.75 as compared to the previous close of Rs. 214.25. The total number of shares traded during the day was 278108 in over 1611 trades.

The stock hit an intraday high of Rs. 217.7 and intraday low of 211.6. The net turnover during the day was Rs. 59605537.


Source: Equity Bulls

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