Hindalco Industries Ltd.

Hindalco Industries is planning to raise Rs 6,000 crore through issue of non-convertible debentures on a preferential basis. The Board will consider raising the fund in one or more tranches. The company will use the fund to augment resources for the ongoing capital expenditure, refinancing and repayment of existing loans and debentures.

The company is in the process of ramping up aluminium production at Mahan in Madhya Pradesh and Aditya Aluminium in Odisha to the targeted capacity of 360,000 tonnes per annum each. The Utkal Alumina Refinery in Odisha will feed 1.5 mtpa of alumina to both the aluminium facilities.

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.