Hindalco Industries has raised Rs 700 crore through the allotment of 70,000-7.60% p.a., Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) of Rs 1,00,000 each on Private Placement Basis. The said NCDs have been rated as AA+ (Stable) by CARE Ratings. The Capital Raising Committee of the Board of Directors of the company has on January 18, 2023 approved allotment of 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.
