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Hindalco shares rise as Alunorte cuts alumina output by 50% due to gas shortage

Hindalco Industries logoHindalco Industries
Sig2.10Sen+1.73Env0.00Soc0.00Gov0.00
Vedanta logoVedanta
Sig2.30Sen+3.80Env0.00Soc0.00Gov0.00

Aluminium shares of NALCO, Hindalco Industries and Vedanta Aluminium Metal jumped after Norsk Hydro said its Alunorte alumina refinery in Brazil cut output to 50% of capacity because of a natural-gas shortage. Hindalco rose about 3.7% to INR 1,087.95. Alunorte in Pará (6.3 million tonnes/year capacity) plans to ramp up once gas availability normalises, tightening alumina supply and lifting prices.

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