A special court hearing the case ruled further investigation is required and sought statement of coal minister in the allocation of coal blocks.
A special court on Tuesday rejected the Central Bureau of Investigation's (CBI) closure report involving Hindalco in the coal blocks allocation scam case. It ruled that a further investigation is required and sought statement of coal minister in the allocation of coal blocks.
Former Prime Minister Manmohan Singh held charge of coal ministry at the time of allocation.
In August, the CBI had filed its closure report before special CBI Judge Bharat Parashar in a coal block allocation scam case involving Aditya Birla Group Chairman Kumar Mangalam Birla, former Coal Secretary PC Parakh and others. But the court had rapped the agency asking what was the hurry in closing the case in which a first information report (FIR) was registered against Birla, Parakh and others.
At 10:29 hours IST, the stock was quoting at Rs 144.15, down Rs 9.25, or 6.03 percent.
Hindalco stock price
On December 16, 2014, at 11:05 hrs Hindalco Industries was quoting at Rs 143.30, down Rs 10.1, or 6.58 percent. The 52-week high of the share was Rs 198.70 and the 52-week low was Rs 96.95.
The company's trailing 12-month (TTM) EPS was at Rs 4.79 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 29.92. The latest book value of the company is Rs 177.87 per share. At current value, the price-to-book value of the company is 0.81.
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