Credit rating agency, CARE has reaffirmed AA+ rating to Hindalco Industries’ Non Convertible Debentures worth Rs 6,000.00 crore.
The company has received the said rating reaffirmation on the back of its healthy financial position with low gearing, comfortable debt coverage indicators, healthy liquidity position and significant investments in the group companies having large market value.
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.
