SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Hindalco raises Rs 7,875-cr debt for Mahan Project

04 Apr 2011 Evaluate

Hindalco Industries, the flagship of the Aditya Birla Group, has raised, 7,875 crore in debt for a greenfield aluminium smelter plant at Mahan, Madhya Pradesh, making it one of India’s largest debt raising exercise and putting on track the group’s proposed $5-billion projects to consolidate the Birlas position as one of the leading producers of aluminium. 

Hindalco raised the loan from a syndicate of 31 banks on a floating rate basis for a tenor of 12.75 years. The Mahan smelter project will have an annual capacity of 359,000 tonnes and will also include a 900 MW power plant. Aditya Aluminium is also a 359,000 tonne smelter at Lapanga in Orissa. The project includes a 4.2-million-tonne bauxite mine and a 1.5 million tonne alumina refinery at Kansariguda. In August, last year, Hindalco secured $1.05 billion in loans for the 1.5 MT Utkal Alumina project in Orissa.

Demand for aluminium, the white metal used in consumer goods and in aircraft, is rising steadily with the growth in the economy. China’s aluminium demand is expected to grow by approximately 15% in 2011, after surging to more than 20% last year. crackcrack

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
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×