Hindalco Industries Ltd.

Hindalco Industries has received AA+/stable rating from rating agency, CRISIL for its non-convertible debentures (NCDs) programme. The rating agency has also reaffirmed ratings on the company’s debt programme at A1+. Further, it has reaffirmed AA+ and A1+ rating to the company’s long term and short term bank facilities.

The company has secured the said ratings on the back of global leadership of its wholly owned subsidiary Novelis in the aluminium rolled products segment.

Hindalco Industries has posted a fall of 9.65% in its net profit at Rs 639.99 crore for the quarter ended March 31, 2012 as compared to Rs 708.37 crore for the same period in the previous year. However, total income has increased by 12.05% at Rs 7807.57 crore for quarter under review as compared to Rs 6968.11 crore for the period ended March 31, 2011.