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.