Hindalco planned to expand its portfolio. The firm was actively looking at the electric vehicle market, the logistics industry and the expansion of the can business.
Hindalco was actively looking at the can market because of the ongoing anti-plastic campaign, according to Satish Pai, Managing Director of Hindalco. He noted that demand for aluminum cans was rising, which meant Hindalco will expand its capacity in the near future.
Besides, the aluminum giant has moved into logistics, launching India's first aluminum light transport vehicles and trailers. The Indian trailer market was expected to grow at a rate of 12% a year.
Hindalco expands investment portfolio into automotive, logistics, cans industries
17 Dec 2019 16:16 reported by Lemon
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