Indian aluminum maker to raise more than 200 mln USD in foreign debt

India's state-run National Aluminum Company (NALCO) Limited plans to raise 211.3 million U.S. dollars in foreign debt, the Press Trust of India (PTI) reported Monday. The move aims at funding its expansion activities. "Quite a few banks and merchant bankers have responded to the bids invited by us," NALCO chairman C R Pradhan said. NALCO is spending 1.3 billion U.S. dollars to raise capacities in its bauxite mines, alumina refinery, aluminum smelter and captive power plant, according to the company statement.