Hindalco Industries is planning to augment its capacities by 2016.
The company intends to invest over $5 billion (approx Rs 25,500 crore) for the purpose. The required funds could be raised through debt, project financing, bonds, local or external commercial borrowings. Initially, the company will scout for bauxite and coal mines before embarking on the expansion plan.
Meanwhile, the company is in the process of expanding its Uttar Pradesh and Orissa plants. Also, it is setting up greenfield facilities - one in Maharashtra and two in Jharkhand. This apart, the company's 3.6 lakh tpa plant in Madhya Pradesh is expected to commence production by early January 2012.
Also See:
Hindalco Industries to raise funds through bonds for Aditya Aluminium project in Orissa (17-August-11)