Hindalco to retire debt worth Rs 6,800 cr this year
Thursday, April 20, 2017, 12:53 PM
Hindalco Industries Limited, the metals flagship firm of the Aditya Birla Group has been flush with funds after it successfully raised capital from QIP. The company plans to use that fund to retire part of its debt in the current fiscal to the tune of Rs 6,800 crore. The loan prepayment will be the largest ever by any corporate to domestic banks in India.