Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Hindalco ups the ante: More metal, stronger margins
Mint New Delhi
|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 New Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint New Delhi
Mint New Delhi
Indian auto chases Europe EV dream
Cos acquire struggling European firms for design, expertise
2 mins
September 30, 2025
Mint New Delhi
Passive fund boom gets niche facelift
Investors hunting low-cost but innovative market bets are fuelling a boom in niche passive funds targeting better returns than plain-vanilla alternatives, often alongside indices designed to track them.
2 mins
September 30, 2025
Mint New Delhi
Focus back on TCS woes as former Al boss quits
Tata Consultancy Services Ltd's struggle to sell AI services and products to clients is back in the spotlight, even as the legacy offshoring business grapples with uncertain demand and barriers in the US, its largest market.
2 mins
September 30, 2025
Mint New Delhi
Vodafone Idea seeks further relief on AGR dues in SC plea
Vodafone Idea, which owes ₹83,400 crore in AGR dues, had sought a ₹45,000 crore waiver
3 mins
September 30, 2025
Mint New Delhi
YET ANOTHER PAUSE IN REPO RATE? IT’S A CLOSE CALL FOR MPC THIS TIME
The Reserve Bank of India’s monetary policy committee (MPC) is set to announce its policy decision on 1 October.
3 mins
September 30, 2025
Mint New Delhi
Moody’s retains India rating at Baa3, maintains stable outlook
Moody’s Ratings has retained India's credit rating at 'Baa3' and maintained a stable outlook owing to its large and fast-growing economy, sound external position and stable domestic financing base.
1 mins
September 30, 2025
Mint New Delhi
Dubai halts HDFC from adding new customers
HDFC Bank Ltd, the largest private sector lender, has been banned from onboarding new customers at its Dubai branch after a regulator flagged lapses in its processes. The bank was penalized by a Dubai regulator for offering financial services to local clients who were not onboarded at the Dubai International Financial Centre, the Mumbai-based lender said in an exchange filing late on Friday.
1 min
September 30, 2025
Mint New Delhi
TV, OTTs team up as syndication grows
With exclusivity no longer the norm, TV channels and streaming platforms are syndicating free content across networks.
2 mins
September 30, 2025
Mint New Delhi
Carlsberg to invest in food processing
Brewing company Carlsberg has committed to invest ₹1,250 crore in the food processing sector in India, which is a “priority growth market” for the Danish group.
1 min
September 30, 2025
Mint New Delhi
Walmart CEO issues wake-up call: ‘AI Is going to change literally every job’
Walmart executives aren’tsugarcoating the message: Artificial intelligence will wipe out some jobs and reshape its workforce.
4 mins
September 30, 2025
Listen
Translate
Change font size