Hindalco Industries rises 0.9% on average volume for a second consecutive day, a two day rise of 4.5%
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HindalCo Industries Ltd's Novelis Sign Multi-Year Agreement for Supply of Aluminum Sheet for Jaguar Land Rover
HindalCo Industries Ltd's subsidiary Novelis, announced that it has been selected by Jaguar Land Rover as its sole supplier of automotive sheet products in a multi-year agreement. Under the agreement, Jaguar Land Rover secures rolled aluminum from Novelis for a wide range of Jaguar Land Rover models, helping to support the auto maker to reduce the weight of its vehicles and thereby decrease CO2 emissions. As a key component of the sole-supplier relationship, Novelis will recover and recycle all the automaker's aluminum scrap, thus creating a closed-loop recycling system. Also, Novelis aluminum will be used in the all-new Range Rover, the Sports Utility Vehicle.
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