Hindalco:

• Aditya Birla Group Company
• Acquired Novelis  of US for US$ 6 billion in 2007, along with debt of US$ 2.4 billion.
• Turned around Novelis in 2010.
• Novelis is world's leading producer of rolled aluminium products and leading recycler of Aluminium .
• Novelis operates across 10 countries.
• Novelis spent US$ 516 million in Capex in FY 2012, US$ 775 million in FY 2013 and plans to spend US$ 750 million in FY14.
• Good stock to accumulate as the price keeps falling.