The company is expected to begin the roadshow for its bond issue in December 2015 and likely to launch it by March 2016.
The company is also looking to raise USD 1.5 billion via a bond issue in December.
A Mines Ministry panel has recommended faster clearance to big bauxite mining projects in the country in the wake of aluminium demand likely to double to 2.8 million tonnes over the next six years.
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.