Hindalco First-Quarter Profit Rises 21% on Aluminum Prices

Bloomberg reports that Hindalco Industries Ltd. (BOM:500440) announced fiscal first-quarter profit gained 21 percent.

The market news is quoted as saying:

Hindalco, controlled by billionaire Kumar Mangalam Birla, benefited from higher prices of aluminum and copper as economic growth in China and India fueled demand for homes, appliances and automobiles.

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