Hindalco

Head of Treasury Kumar Jhala explains how he has ratcheted down his borrowing costs by hundreds of basis points.

FinanceAsia speaks to Hindalco's joint president and head of treasury, Kumar Jhala and finds out about the non-ferrous metal powerhouse's borrowing needs

What is Hindalco's general borrowing strategy

We borrow as and when we need funds. We fix an internal rate at which want to borrow - whether in rupees or in foreign currency. Once we fix the rate we talk to the banks and say 'This is our rate, can you do the transaction' We normally prefer bilateral transactions rather than syndicated loans.

In all humbleness and modesty I can say we have got it right most of the time on issuing when the rates are right....

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222