Motilal Oswal
HNDL and its subsidiary, Novelis, are investing ~USD10b in growth projects to significantly boost capacities. In India, HNDL is expanding its aluminum upstream (Aditya smelter 180 KT, alumina refinery 850 KT), downstream (FRP-170 KT, battery enclosures etc), and copper capacities (smelter 300 KT and recycling 50KT), with a total of USD5.2b currently under execution.
Anand Rathi released a Buy report for Hindalco Industries Ltd. with a price target of 800.0 on 02 Apr, 2025.
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