According to the filings, the company has raised secured loans totaling Rs 5,799 crore.
During the quarter under review, the company reported an EBITDA of Rs 727 crore.
The company plans to utilize the sale proceeds to expand its renewable energy footprint.
The setback occurs just when Agarwal's metals and mining company is struggling to pay down a sizable amount of debt.
Company's profitability was impacted due to a drastic surge in its expenses.
Recommendation: Add; Target Price: Rs 165
The company has recently launched a new brand under name “Nex” to target upscale urban consumers with its premium range of appliances.
This would be the third time in current financial year that Mumbai-based multinational mining company pledged its shares in Hindustan Zinc.
The company has also announced revisions in other soda grades of soda ash across the country.
Young's appointment comes at a time when the billionaire Anil Agarwal-led company is on a global talent acquisition drive