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CARE revises rating of Hindalco Industries’ NCDs

12 Oct 2015 Evaluate

Credit rating agency, CARE has revised the rating of Hindalco Industries’ Non Convertible Debentures to ‘AA’ from ‘AA+’.

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.

 

Peers
Company Name CMP
Hindalco Industries 912.00
Vedanta 261.20
Hindustan Zinc 551.60
Jain Resource Recycl 294.95
CMR Green Tech 225.00
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