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
