Hindalco Industries is planning to raise Rs 6,000 crore through issue of Non-Convertible Debentures (NCDs) on private placement basis. The company will seek shareholders’ approval for the same at its forthcoming annual general meeting (AGM). The company is planning to raise the funds to augment resources for the ongoing capital expenditure, repayment of existing loans, and for general corporate purposes.
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.
