Hindalco Industries is proposing to avail not execeeding Rs 2,400 crore working capital facility by way of Commercial Papers and Unsecured Debentures etc for Aluminium Business. The company is also proposing to avail not execeeding Rs 2,000 crore working capital facility by way of Commercial Papers and Unsecured Debentures etc for Copper Business. The board of directors at their meeting on August 11, 2017 will consider the same.
Hindalco Industries 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.
