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Hindalco's Capacity Expansion To Drive Next Leg Of Growth, Says Motilal Oswal; Maintains 'Buy' Rating
With a larger scale and operational efficiency, margins are expected to expand over the medium to long term, says Motilal Oswal, maintaining 'Buy'
02 Apr 2025, 09:28 AM IST 
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Novelis has already secured long-term contracts from marquee customers for Bay Minette, ensuring future revenue visibility.
(Photo: Hindalco Industries Ltd.'s manufacturing plant in Hirakud. Source: Company website)
Hindalco India’s capex plan involves Rs 450 billion investments to expand aluminum and copper capacities, with key projects like the Aditya Alumina Refinery, copper recycling plant, and smelter expansions set to drive growth. The company is strategically aligning these investments with resource security enhancements through coal mine acquisitions, while prioritizing value-added products and sustainability. By FY28-29, these expansion...
