Thursday, December 10, 2009

Hindalco up on plans to raise Rs 4,500 Crore



Hindalco is firm as the company is in the process of raising over Rs 4,500 crore as debt to achieve financial closure for Utkal Alumina Refinery, a new 1.5 millio-tonne per annum project in Orissa.

The stock has opened at Rs 143 and touched a high of Rs 145. The scrip is now trading at Rs 143, up 1% from its pevious close. The counter has clocked volumes of 375,706 shares as compared to the two-week daily average traded volumes of 2.2 million shares.

-Business Standard.

Tags: achieve financial closure, annum project in Orissa, daily average traded volumes, Hindalco, Hindalco up on plans to raise Rs 4500 Crore, Utkal Alumina refinery

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