DJ Bharat Aluminium Plans To Raise $300M Via Overseas Debt-Source

MUMBAI, Jun 08, 2009 (Dow Jones Commodities News via Comtex) -- Bharat Aluminium Co. Ltd., a unit of Vedanta Resources PLC (VED.LN), plans to raise about $300 million through overseas borrowings, a person familiar with the matter said Monday. The Indian company plans also to raise INR10 billion through a rupee bond issue, the person said. The funds will be used to partly finance the company's INR32.50 billion expansion plan, he said. -By Mumbai bureau, Dow Jones Newswires; 91 22 61456113; djn.in@dowjones.com