Hindalco Inds falls almost 3%

about 10 months ago
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Hindalco Industries fell almost 3% to Rs.210.70 and its 10% UC for today is at Rs.195.10.

On Tuesday afternoon, the boundary wall of the caustic pond created by Hindalco to dispose of red mud recovered in the process of extracting aluminum collapsed, leading to a landslide like situation in Muri near the railway tracks.

The Jharkhand State Pollution Control Board had raised objection regarding the pond a few months ago.

Preliminary investigations indicate no material impact on the surrounding environment or to property.

Following this, company has suspended operations at its Jharkhand plant.

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