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Hindalco Ltd, which continues to benefit from favorable demand and realization scenario, plans to use improved cash flows in a balanced manner to drive growth. In the much-awaited capital allocation plan revealed by the company, focus remains on organic growth, debt reduction and improving shareholder returns.
From the $1.0-1.2 billion per annum annual cash flow that the company expects to generate after maintenance capex, it intends to use half for growth capex. The balance 30% is for debt reduction, and 8-10% for shareholder returns. Remaining 10-12% is planned to be retained by the company in its treasury.
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The company, thereby, has guided for allocation of $2.5–3.0 billion towards organic growth capex over the next five years. H ...