Aditya Birla group owned, Hindalco Industries, approved financial restructuring plans for future, chalking out new strategy for further expansion and reserving funds to implement growth plans. Some portion of amount would also utilize for adjustment of non-operating / extraordinary costs aroused on accounts of some international acquisitions and company's ambitious organic growth projects.
The company said, "The aforesaid amount would be utilized for write off or adjustment of non-operating costs on international acquisition made by the company and organic growth projects in India."