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Hinduja Foundries gets nod to raise fund upto Rs 150 crore

25 Nov 2013 Evaluate

Hinduja Foundrie’s board of director has approved the Circular Resolution dated on November 20, 2013 for exploring fund raising / capital raising alternatives for a maximum value of Indian rupees equivalent to Rs 150 crore.

Hinduja Foundries was established in 1959, when the Indian automotive industries started growing. Hinduja Foundry is the first largest automobile-jobbing foundry in India and is part of Hinduja Group.

Peers
Company Name CMP
AIA Engineering 3824.50
Alicon Castalloy 874.30
Nelcast 120.60
PTC Industries 22004.00
Synergy Green Inds. 610.00
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