Capacity expansion to drive performance

Company
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.
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