Published On:April 9 2012
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Hindustan Copper is planning to raise USD 250 million through ECB
Hindustan Copper is planning to raise USD 250 million (Rs 1,250 crore) in the current quarter through overseas borrowings to part-finance its expansion activities.
The company is looking to raise USD 250 million through external commercial borrowings (ECB) route and have initiated discussions. This should get completed by the end of this quarter.
The company is currently sitting at a cash reserves of about Rs 550 crore and is on the disinvestment radar of the government in the current fiscal.