Hindalco earmarks about USD 8 bn capex over next 5 yrs
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.
''On the back of solid financial performance and a strong balance sheet, your company is well-positioned to drive a new wave of transformational growth fuelled by organic expansion.'' The company plans to achieve a renewable capacity of 300 MW by FY'25, including 100 mw solar power capacity with hybrid storage.
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