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Hindalco Full-Year Profit Falls 80% on Lower Aluminum Demand

Tuesday, Jun 30, 2009
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June 30 (Bloomberg) -- Hindalco Industries Ltd., India’s biggest aluminum producer, reported an 80 percent decline in full-year profit. Net income, including unit Novelis Inc., fell to 4.85 billion rupees ($101 million) in the year to March 31, the company said today in a Bombay Stock Exchange statement. Sales rose 9 percent to 656.3 billion rupees.

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