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Hindalco Capex Investment: Hindalco outlays USD 8 bn capex over next 5 yrs; 40% earmarked for EV

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Jun 05, 2023

Hindalco Capex Investment: Hindalco outlays USD 8 bn capex over next 5 yrs; 40% earmarked for EV

In the minutes of the annual general meeting, the Chairman said that all these

In the minutes of the annual general meeting, the Chairman said that all these investments are directed towards the company's focus on transformational organic growth through expansion in the downstream businesses in Novelis and India. This investment includes Novelis’ identified more than USD 4.5 billion worth of potential organic opportunities to serve the growing demand for sustainable aluminium products.