Home » Markets & News » Company News » Hindalco Unit Utkal Alumina Ties up Debt for Orissa Project

Hindalco Unit Utkal Alumina Ties up Debt for Orissa Project

The company said that the loan documents were signed in Bhubaneswar by a group of 28 banks. The syndication is led by IDBI Bank with SBI Caps and the Royal Bank of Scotland as joint arrangers and book runners. The upfront equity requirement of the project has already been tied up. Utkal Alumina International is setting up an alumina refinery with a capacity 1,5 Mt/a in Rayagada district of Orissa. The company said that the project has the capacity to expand to 3 Mt/a. The project will feed the alumina requirements of the Mahan and the Aditya smelters currently under construction. (08/2010)  


Related Supplier

Profiles to follow