Stock Futures Today-week highs - Fintech Zoom



  • Source: Hindalco lays roadmap to drive future growth; stock scales fresh 52 - - Read: 0

    Summary:

     

    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.

    Also Read | India Inc gears up to go back to office

    The company, thereby, has guided for allocation of $2.5–3.0 billion towards organic growth capex over the next five years. H ...

     

     

    Read Full News: https://fintechzoom.com/fintech_news_stock-futures/stock-futures-today-hindalco-lays-roadmap-to-drive-future-growth-stock-scales-fresh-52-week-highs/


Log in to reply