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This is an archive article published on February 28, 2011

NALCO plunges +8% on chairman’s arrest

Shares of NALCO fell as much as 8.5 pct after the company's chairman was arrested for bribery.

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Shares of National Aluminium Co (NALCO) fell as much as 8.5 percent after the company’s chairman and managing director,A.K. Srivastava,was arrested by the police on Friday for bribery,two dealers said.

At 9:32 a.m.,shares were down 6.2 percent to Rs 412.65.

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