Greater synergies from Aleris acquisition and debt reduction are key points to watch out
Kumar Mangalam Birla said improved aluminium fundamentals and large-scale smelting curtailment by global majors have supported the recovery in aluminium price
The company is also looking to raise USD 1.5 billion via a bond issue in December.
Hindalco plans to raise around Rs 5000 cr to refinance high cost borrowings. The firm's interest cost rose as much as 97 percent in the quarter gone-by.