Hindalco to reconsider its capex plans amid global headwinds

The Aditya Birla group company will now prioritise projects worth $3.3 billion at its US subsidiary Novelis over 2024-28 (April-March), which are already underway, while staggering the spending on other growth projects, it told analysts on Tuesday. These projects include the greenfield rolling capacity in the US, and debottlenecking and recycling units across regions.

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