In a statement to CNBC-TV18, Novelis says the hike in prices was applicable for new orders not covered in current supply pacts.
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.
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 August 22, 2014, Hindalco Industries closed at Rs 176.20, up Rs 6.10, or 3.59 percent. The 52-week high of the share was Rs 198.70 and the 52-week low was Rs 96.95.
The company's trailing 12-month (TTM) EPS was at Rs 6.13 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 28.74. The latest book value of the company is Rs 177.89 per share. At current value, the price-to-book value of the company is 0.99.
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