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Hindalco Industries Ltd. — Capital/Financing Update 2021
Aug 11, 2021
59187_rns_2021-08-11_3b63cc41-a94e-4a5e-a1cc-1863a64aa1e7.pdf
Capital/Financing Update
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11[th] August, 2021
BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers Limited Dalal Street Exchange Plaza, 5th Floor Mumbai: 400 001 Plot No. C/1, G Block Scrip Code: 500440 Bandra Kurla Complex Bandra (East) Mumbai – 400 051 Scrip Code: HINDALCO Mr. Daniel Schammo Banque Internationale A Luxembourg Societe Anonyme 69, Route d’Esch L-2953 Luxembourg Fax No. 00 352 4590 2010 Tel. No. 00 352 4590-1
Dear Sirs,
Sub: Intimation under Regulation 30 of Securities and Exchange Board of India - (Listing Obligations and Disclosure Requirements) Regulations, 2015 Expansion to increase Flat Rolled Products Capacity
Re: Our Letter dated 6[th] August, 2021 and your e mail dated 10[th] August, 2021
With reference to the above please find below our reply :
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Existing capacity – The Existing Capacity is 320 KT (Total Downstream Capacity) including FRP and Extrusions.
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Existing capacity utilization - The Existing capacity utilization is 100%.
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Mode of financing - The mode of Financing is through Internal Accruals.
Hindalco Industries Limited
6[th] & 7[th] Floor, Birla Centurion, Pandurang Budhkar Marg, Worli, Mumbai – 400030, India T:+91 22 66626666/62610555 | F:+912262610400/62610500 | W: www.hindalco.com Registered Office : Ahura Centre, 1[st] Floor, B wing, Mahakali Caves Road, Andheri (East), Mumbai – 400093, India
Corporate ID No: L27020MH1958PLC011238
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- Rationale – The project is in line with our strategic plan to double the downstream capacity in FRP and extrusion segments in next five years. Demand from both FRP and extrusion is growing rapidly in India. This capacity addition by the company will help to cater to growing demand from FRP customers.
This is for your information and records.
For Hindalco Industries Limited
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Anil Malik President & Company Secretary
Hindalco Industries Limited
6[th] & 7[th] Floor, Birla Centurion, Pandurang Budhkar Marg, Worli, Mumbai – 400030, India T:+91 22 66626666/62610555 | F:+912262610400/62610500 | W: www.hindalco.com Registered Office : Ahura Centre, 1[st] Floor, B wing, Mahakali Caves Road, Andheri (East), Mumbai – 400093, India
Corporate ID No: L27020MH1958PLC011238