{"id":111195,"date":"2023-10-05T11:43:30","date_gmt":"2023-10-05T06:13:30","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111195"},"modified":"2023-10-05T11:43:36","modified_gmt":"2023-10-05T06:13:36","slug":"large-cap-stock-flat-after-it-enters-into-mou-with-odisha-mining-corporation-for-new-plant-worth-8000-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/large-cap-stock-flat-after-it-enters-into-mou-with-odisha-mining-corporation-for-new-plant-worth-8000-cr\/","title":{"rendered":"Large cap stock flat after it enters into MoU with Odisha Mining Corporation for new plant worth \u20b9 8000 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-174416153\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This Aditya Birla Group Stock has a market cap of Rs. 1,06,484 crore and it said in a filing dated 5th October 2023 that it has entered into an MoU with Odisha Mining Corp. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2831013992\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>This company is part of the S&amp;P BSE 100, 200 &amp; 500 along with NIFTY 50 indices. The shares of the company rose 1.5% within the first 15 minutes of markets opening on Thursday and currently trades at Rs. 473.95, up from Rs. 473.10 at closing on Wednesday.\u00a0\u00a0<\/p><p>The stock is a 3 year multibagger, returning 165%, meaning if you invested Rs. 1 lakh into this company about 3 years ago, it would now be worth close to Rs. 2.7 lakh! The stock currently trades 1.3% and 7.5% respectively away and above its 20 day and 200 day moving averages.&nbsp;<\/p><p>In a press release earlier today, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/HINDALCO\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Hindalco Industries Ltd<\/a><\/strong> (\u201cHindalco\u201d) stated that it will be entering into a Memorandum of Understanding (MoU) with Odisha Mining Corporation for the long-term supply of Bauxite ore for its proposed 2-million tonne alumina refinery and 150-MW captive power plant at Kansariguda in the Rayagada District.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-1074685676\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>This will be the Company\u2019s second alumina refining facility in the Rayagada district of Odisha. The total proposed investment of Rs. 8,000 crore shall be in two phases. The first phase of 1 million metric ton is expected to be commissioned in FY27, at an investment of Rs. 5,500 crore. The aforesaid is subject to signing of definitive document(s).&nbsp;<\/p><p>Hindalco Industries Limited (\u201cHIL\u201d), with its subsidiaries, operates in 3 business verticals, selling products of aluminum, copper and chemicals. HIL is a part of the Aditya Birla Group and was incorporated in 1958, headquartered in Mumbai, India. HIL operates across 10 countries with a wide presence in the USA, APAC and Europe.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sandeep R<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3888065184\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This Aditya Birla Group Stock has a market cap of Rs. 1,06,484 crore and it said in a filing dated 5th October 2023 that it has entered into an MoU with Odisha Mining Corp. This company is part of the S&amp;P BSE 100, 200 &amp; 500 along with NIFTY 50 indices. The shares of the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[12007,12006,948,936,12008],"class_list":["post-111195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-hindalco-industries-latest-news","tag-hindalco-industries-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-hindalco-industries-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Large cap stock flat after it enters into MoU with Odisha Mining Corporation for new plant worth \u20b9 8000 Cr - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This Aditya Birla Group Stock has a market cap of Rs. 1,06,484 crore and it said in a filing dated 5th October 2023 that it has entered into an MoU with Odisha Mining Corp.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/large-cap-stock-flat-after-it-enters-into-mou-with-odisha-mining-corporation-for-new-plant-worth-8000-cr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Large cap stock flat after it enters into MoU with Odisha Mining Corporation for new plant worth \u20b9 8000 Cr\" \/>\n<meta property=\"og:description\" content=\"This Aditya Birla Group Stock has a market cap of Rs. 1,06,484 crore and it said in a filing dated 5th October 2023 that it has entered into an MoU with Odisha Mining Corp.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/large-cap-stock-flat-after-it-enters-into-mou-with-odisha-mining-corporation-for-new-plant-worth-8000-cr\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-05T06:13:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-05T06:13:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-up-1-Cover-Image-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/large-cap-stock-flat-after-it-enters-into-mou-with-odisha-mining-corporation-for-new-plant-worth-8000-cr\/\",\"url\":\"https:\/\/tradebrains.in\/features\/large-cap-stock-flat-after-it-enters-into-mou-with-odisha-mining-corporation-for-new-plant-worth-8000-cr\/\",\"name\":\"Large cap stock flat after it enters into MoU with Odisha Mining Corporation for new plant worth \u20b9 8000 Cr - 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