Economy · India
Hindalco plans significant investment amid competition, profit dip
Hindalco chairman Kumar Mangalam Birla has indicated a substantial investment pipeline of Rs 1 lakh crore. He expressed confidence in the company's competitive position despite new rivals entering the aluminium market. This comes as Hindalco reported a revenue increase but a profit decrease in the last fiscal year, partly attributed to incidents at Novelis.
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- Centre (2): Mint, The Indian Express