Key Developments: Hindalco Industries Ltd (HALC_p.NS)

HALC_p.NS on National Stock Exchange of India

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24 Dec 2011
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Latest Key Developments (Source: Significant Developments)

Hindalco Industries Limited Likely To Delay Fund Raising For Aluminium Refinery-Business Standard
Tuesday, 23 Aug 2011 08:00pm EDT 

Business Standard reported that Hindalco Industries Limited has decided to delay the financial closure of the Aditya Alumunium refinery project due to uncertain market conditions.  Full Article

Hindalco Industries Limited To Raise Funds Through Bonds For Orissa Project- Business Line
Sunday, 14 Aug 2011 08:00pm EDT 

Business Line reported that Hindalco Industries Limited plans to raise funds through bonds for its Aditya Aluminium project in Orissa as the bank interest rates have been testing multi-year high in the last few months. The Company has to raise a debt of INR7,875 crore (INR78.75 billion) for the 3,59,000-tonnes a year aluminium smelter and 900-MW captive plant slated for completion early 2013. The investment will also include developing an aluminium refinery with integrated bauxite mines.  Full Article

Hindalco Industries Limited's Novelis Inc. Invests $15.8 Million To Expand Aluminum Recycling in Italy
Thursday, 30 Jun 2011 01:20pm EDT 

Hindalco Industries Limited's Novelis Inc. announced the investment of $15.8 million in the construction of a new continuous casting line at its production facility in Pieve Emanuele, Italy. The new line will recycle painted scrap aluminum into the metal needed to produce rolled aluminum sheet.  Full Article

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