Capacity expansion to drive performance

06 Mar 2024
5 Min read 
  • Hindalco is undertaking a capacity expansion initiative to drive performance in the metals sector.
  •  The company is investing in multi-locational, multi-product growth capex over the next five years.
  •  Hindalco is focusing on downstream projects and expanding its capacity in the USA and India.
  •  The company aims to capture growth opportunities in the domestic market, particularly in the EV sector.
  •  Novelis, a subsidiary of Hindalco, is on track to achieve its EBITDA target and has plans for an IPO.
  •  Hindalco's financials and valuations are positive, with strong EBITDA margins and a favorable P/E ratio.
Login / Open Demat Account to read the report

Never Miss Out on Hot Market Updates

Get exclusive market news delivered to your inbox - on priority