Hindalco Industries plans to raise Rs80bn debt: report

 

　　The report stated that this debt will be used to part fund its Aditya Alumunium refinery project and a captive power plant in Orissa.

 

　　Hindalco Industries is  planning to raise around Rs 80bn of debt, according to a report.

 

　　The report stated that this debt will be used to part fund its Aditya Alumunium refinery project and a captive power plant in Orissa.

 

　　D Bhattacharya, managing director has reportedly said that the equity part for the Aditya aluminium smelter project has already been tied up and they are likely to launch the debt financing plan soon.