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Jun 24, 2013, 10.03 PM IST | Source: CNBC-TV18

Hindalco's Novelis hikes aluminium prices in Europe

In a statement to CNBC-TV18, Novelis says the hike in prices was applicable for new orders not covered in current supply pacts.

Hindalco's Novelis hikes aluminium prices in Europe

Hindalco Industries ' US arm Novelis increased the prices of painted aluminum sheet products in Europe by 100 euro per tonne. In a statement to CNBC-TV18, Novelis says the hike in prices was applicable for new orders not covered in current supply pacts.

Also Read: Industrial metals may take support from US economy: N Bang

Novelis provides a variety of specialised aluminium products designed to meet the exacting requirements of the construction industry, while enabling architects to bring their most innovative and ambitious designs to life in an eco-friendly and cost-effective way.

Hindalco stock price

On July 24, 2014, Hindalco Industries closed at Rs 197.55, up Rs 4.45, or 2.30 percent. The 52-week high of the share was Rs 198.50 and the 52-week low was Rs 83.05.


The company's trailing 12-month (TTM) EPS was at Rs 6.85 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 28.84. The latest book value of the company is Rs 161.99 per share. At current value, the price-to-book value of the company is 1.22.

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