New Delhi, April 3 -- Hindalco Industries Ltd's investor day made one thing clear-the metals giant is going all in on scale and efficiency. With a $10 billion capex plan split between India and subsidiary Novelis Inc. over FY24-29, Hindalco is working towards sustained growth, with a sharp focus on margins and cash flows.

term $600 per tonne adjusted Ebitda mark versus $406 and $525 in Q3 and Q2 of FY25, respectively. The roadmap involves scale benefits from the Bay Minette project, pricing gains from beverage can contracts, a richer product mix leaning on auto sheets, and operational efficiencies.

To bring in cost efficiency, the underwhelming Richmond plant will be phased out, selling, general and administrative (SG&A) savings will co...