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....