Hinduja Foundries to raise funds up to Rs 400 crore

Hinduja Foundries has received an approval to raise funds for the operation of the company up to Rs 400 crore by way of issue of securities. The board of directors of the company at its meeting held on January 13, 2016, has approved for the same.

Hinduja Foundries (HFL) is primarily engaged in the manufacture of ferrous castings for automobiles, tractors, industrial engines, power generators among others.