Hindalco Industries to soon meet FY18 pre-payment target of Rs 9,000 crore

Company studying proposition to export surplus alumina at Utkal refinery

Hindalco Industries, the country's largest aluminium producer, will soon meet its pre-payment target of Rs 9,000 crore for the current fiscal. Having already prepaid a total of Rs 7,850 crore so far this year and with another Rs 1,100 crore to be paid in advance later this month, the Aditya Birla Group company is almost there in terms of achieving its prepayment target of Rs 9,000 crore for the current financial year.

"The effort to deleverage the balance sheet via cash flows and QIP (Qualified Institutional Placement) is a significant feature in the performance of Hindalco Industries and going ahead the