Hindalco Industries has earmarked a total capital expenditure (capex) of around USD eight billion over the next five years in its arm Novelis and India.

Novelis has found potential investment opportunities worth USD 4.5 billion. The company has identified potential investment opportunities of around USD three billion in India.

As much as 70 percent of the company's consolidated cash flows will be allocated towards high-growth downstream segments, including EVs, mobility, batteries and consumer durables.

The company plans to achieve a renewable capacity of 300 MW by FY25, including 100 MW solar power capacity with hybrid storage.

here is company details.

 

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