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Hindalco Industries raises Rs 700 crore via NCDs

18 Jan 2023 Evaluate

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.

Peers
Company Name CMP
Hindalco Industries 912.00
Vedanta 261.20
Hindustan Zinc 551.60
Jain Resource Recycl 294.95
CMR Green Tech 225.00
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