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Hindalco Ups the Ante: More Metal, Stronger Margins
Mint Hyderabad
|April 04, 2025
Inching up Novelis has seen good growth in its Ebitda per tonne over the past decade and plans to improve it further to $600 in the long-run.
Hindalco Industries Ltd has made one thing clear—the metals giant is going all in on scale and efficiency. With a $10 billion capex plan split between India and arm Novelis Inc. over FY24-29, Hindalco is working for sustained growth, with a sharp focus on margins and cash flows.
Novelis will chase the long-term $600 per tonne adjusted Ebitda mark versus $406 and $489 in Q3FY25 and Q2FY25, respectively. The road map sees scale benefits from the Bay Minette project, pricing gains from beverage can contracts, a richer product mix leaning on auto sheets, and operational efficiencies.
This story is from the April 04, 2025 edition of Mint Hyderabad.
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