02 JUNE 2011www.steelguru.com
Hindalco to raise USD 2 billion debt for Orissa project
Edited by : AL CIRCLE
1 min read
Reuters reported that Indian nonferrous metals producer Hindalco Industries plans to shortly raise debt of around INR 80 billion for its Aditya Aluminum project in eastern state of Orissa.
Mr Sunirmal Talukdar head of finance said that 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 INR 78.75 billion for the USD 2.4 billion Mahan aluminum smelter and power plant project in central India.
Mr Sunirmal Talukdar head of finance said that 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 INR 78.75 billion for the USD 2.4 billion Mahan aluminum smelter and power plant project in central India.
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