Hindalco to repay â¹1,100 crore debt this month: Birla
Hindalco Industries, part of the Aditya Birla Group, said the company has so far repaid â¹7,815 crore and will pay another â¹1,100 crore this month, to cut debt further. The move will reduce interest cost by â¹800 crore this fiscal, Chairman Kumar Mangalam Birla said. He further added that Hindalco has raised $500 million through a Qualified Institutional Placement (QIP).