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Hindalco Industries inches up on plans to raise Rs 8,000 crore

23 Aug 2011 Evaluate

Hindalco Industries is currently trading at Rs. 144.40, up by 0.15 points or 0.10% from its previous closing of Rs. 144.25 on the BSE.

The scrip opened at Rs. 145.75 and has touched a high and low of Rs. 145.75 and Rs. 142.10 respectively. So far 378405 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 251.90 on 06-Jan-2011 and a 52 week low of Rs. 128.55 on 19-Aug-2011.

Last one week high and low of the scrip stood at Rs. 146.50 and Rs. 128.55 respectively. The current market cap of the company is Rs. 27615.74 crore.

The promoters holding in the company stood at 32.06% while Institutions and Non-Institutions held 43.67% and 15.00% respectively. 

Hindalco Industries, the metals flagship of the Aditya Birla group, planning to raise about Rs 8,000 crore of debt on the back of rising borrowing costs. This debt will be used to part fund its Aditya Alumunium refinery project and a captive power plant in Orissa.

Further, the company has announced that the equity part for the Aditya aluminium smelter project has already been tied up and they are likely to launch the debt financing plan soon.

Recently, the company completed the financial closure of its Utkal and Mahan aluminium project with a debt financing of Rs 4,906 crore and Rs 7,875 crore respectively.

On consolidated basis, Hindalco Industries’s net profit for the year declined 37.42% at Rs 2456.37 crore as compared to Rs 3925.47 crore for FY10. Total income for the year increased by 18.81% at 72508.72 crore as compared to Rs 61030.63 crore for the previous year.

Hindalco Share Price

1039.70 18.00 (1.76%)
22-Apr-2026 16:00 View Price Chart
Peers
Company Name CMP
Hindalco 1039.70
Vedanta 757.05
Hindustan Zinc 604.90
Jain Resource Recycl 414.95
Gravita India 1635.00
View more..

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