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Hindalco rises as Novelis renews agreement with CCBSS/news11012012

Wednesday, January 11, 2012

Hindalco Industries' shares rose over 3%, touching the weekly high of Rs127.35, after Novelis Inc, also part of the Aditya Birla Group, renewed its can-body sales agreement with Coca-Cola Bottlers' Sales & Services Company ( CCBSS).
Novelis Inc and CCBSS, on Tuesday announced the signing of a multi-year agreement for the supply of aluminum can sheet. The agreement took effect January 1, 2012. The two companies have also agreed to dismiss all pending litigation relating to the previous contractual terms, reports suggest.....more info



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