Hindalco targets peak debt of ₹80,000 crore and Novelis leverage of 2.5x by FY31
FROM THE WIRE · THEHINDUBUSINESSLINE.COM
Hindalco aims to peak debt at ₹80,000 crore and halve Novelis’ net debt-to-EBITDA to 2.5x by FY31 through a deleveraging, cash flow gains, and project completions.
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralHindalco's deleveraging plan for itself and Novelis matters to investors but is not an extraordinary market event.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Hindalco aims to peak debt at ₹80,000 crore.
- 02It targets halving Novelis' net debt-to-EBITDA to 2.5x by FY31.
- 03The plan relies on deleveraging, cash flow gains and project completions.