Hindalco Industries has received an approval for raising of funds to the tune of Rs 3,500 crore. The board of director at its meeting held on February 09, 2016 has approved for the same.
The company has received approval for raising up to Rs 1,500 crore through Non-Convertible Debentures (NCDs) and for raising Term Loan up to Rs 2,000 crore.
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.
