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    HomeNewsBusinessCompaniesHindalco to raise $1.8bn debt for Orissa project

    Hindalco to raise $1.8bn debt for Orissa project

    Non-ferrous metals producer Hindalco Industries plans to shortly raise debt of around Rs 8,000 crore (USD 1.77 billion) for its Aditya Aluminium project in Orissa, finance head Sunirmal Talukdar said on Monday.

    May 30, 2011 / 23:19 IST
       
       
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      Non-ferrous metals producer Hindalco Industries plans to shortly raise debt of around Rs 8,000 crore (USD 1.77 billion) for its Aditya Aluminium project in Orissa, finance head Sunirmal Talukdar said on Monday.


      The company is setting up an alumina smelter and a captive power plant in Orissa as part of the project.


      In March, Hindalco signed a rupee loan agreement for the entire debt of Rs 7,875 crore for the USD 2.4 billion Mahan aluminium smelter and power plant project in central India.


      (USD 1 = Rs 45.180)

      first published: May 30, 2011 06:40 pm

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