Hindalco denies halt in aluminium sales, says operations largely unaffected

The latest update is out from Hindalco Industries Limited ( (IN:HINDALCO) ).

Hindalco Industries has refuted media reports claiming it halted aluminium product sales amid the Iran conflict, stating the article is factually incorrect and misleading. The company clarified that operations in its Aluminium Extrusions business have not been stopped and that a recent communication to customers was a routine notice linked to a force majeure declaration by certain gas suppliers.

Management emphasized that any potential disruption is confined to a small part of the Aluminium Extrusions segment, representing less than 0.1% of overall operations. All other upstream and downstream activities, including primary aluminium production, are running normally, with the company assuring stakeholders it will make timely disclosures if any material event arises under listing regulations.

More about Hindalco Industries Limited

Hindalco Industries Limited is a leading Indian metals company engaged in the production of aluminium and related downstream products. The company operates primary aluminium, extrusion, and other value-added segments, supported by captive power and alternative energy arrangements, serving both domestic and international markets.

Average Trading Volume: 273,180

Technical Sentiment Signal: Buy

Current Market Cap: 2043.7B INR

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