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Hindalco Industries rises on plan to raise Rs 6,000 crore via NCDs issue

31 Aug 2015 Evaluate

Hindalco Industries is currently trading at Rs. 82.00, up by 0.25 points or 0.31% from its previous closing of Rs. 81.75 on the BSE.

The scrip opened at Rs. 81.50 and has touched a high and low of Rs. 82.70 and Rs. 80.80 respectively. So far 356869 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 178.95 on 01-Sep-2014 and a 52 week low of Rs. 75.50 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 84.70 and Rs. 75.50 respectively. The current market cap of the company is Rs. 16808.98 crore.

The promoters holding in the company stood at 36.99% while Institutions and Non-Institutions held 41.16% and 14.18% respectively.

Hindalco Industries is planning to raise Rs 6,000 crore through issue of non-convertible debentures on a preferential basis. The Board will consider raising the fund in one or more tranches. The company will use the fund to augment resources for the ongoing capital expenditure, refinancing and repayment of existing loans and debentures.

The company is in the process of ramping up aluminium production at Mahan in Madhya Pradesh and Aditya Aluminium in Odisha to the targeted capacity of 360,000 tonnes per annum each. The Utkal Alumina Refinery in Odisha will feed 1.5 mtpa of alumina to both the aluminium facilities.

Hindalco Industries, the metals flagship company of the Aditya Birla Group, is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.

 

Hindalco Share Price

1038.95 -0.70 (-0.07%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1038.95
Vedanta 787.60
Hindustan Zinc 592.35
Jain Resource Recycl 420.90
Gravita India 1639.80
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