Hindalco Industries earmarks about $8-bn capex over next 5 yrs: K M Birla
Hindalco Industries Chairman Kumar Mangalam Birla on Tuesday said the company has earmarked a total capital expenditure of about USD 8 billion over the next five years in its arm Novelis and India.
Novelis has found potential investment opportunities of USD 4.5 billion. Birla was speaking at the Hindalco’s AGM.
He said the company has identified potential investment opportunities of nearly USD 3 billion in India.
Birla further said that 70 per cent of the company’s consolidated cash flows will be allocated towards high-growth downstream segments , including EVs, mobility, batteries and Consumer durables.
