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We attended the investor meet of Hindalco Industries Ltd. wherein the company unveiled a capex plan of ~$8 billion over the next five years. This capex is expected to be incurred in FY23E-27E.
Of the total capex, ~$4.5-4.8 billion would be incurred at Novelis while ~$3.37 billion would be spent on the India business.
During FY23-27, Novelis has chalked out a capex plan of ~$4.5-4.8 billion, of which ~$3 billion is expected to be spent in North America, ~$400 million in Asia, ~ $300-400 million in Europe and ~$0.8-900 million in South America.
During FY23-27, the India business has chalked out a capex of $3.37 billion, of which ~$1.71 billion is expected to be spent on aluminium – upstream, ~$719 million on aluminium – downstream, ~$286 million on the copper business, ~$194 million on specialty alumina and ~$459 million on coal mining operations.
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