Hindalco Industries is reportedly planning to raise Rs 5,000 crore to refinance its debt. Of total, the company will raise Rs 2,000 crore via bond issue. The bond issue will hit the markets in 2 quarters. Further, the company may take a loan of Rs 3,000 crore. SBI may be appointed as a lead banker for fund raising.
As on March 31, 2013, the company’s net debt stood at Rs 13,000 crore. On a consolidated basis, Hindalco’s net profit fell 10.89 percent at Rs 3,026.89 crore in FY13 from Rs 3,396.95 crore of FY12. Consolidated net sales also declined marginally by 0.86 per cent to Rs 79,705.51 crore in the last fiscal.
Hindalco Industries, the metals flagship company of the Aditya Birla Group, is an industry leader in aluminium and copper. The company's aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.
Company Name | CMP |
---|---|
Hindalco | 632.50 |
Vedanta | 480.85 |
Hindustan Zinc | 471.55 |
Gravita India | 2324.00 |
Ram Ratna Wires | 577.05 |
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