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Base metal companies line up Rs 1.14 trillion capex as demand rises

Host of sectors pushing up need for metals; capital outlay significant by firms, say experts

Topics
Base metals | Metal | metal sector

Viveat Susan Pinto  |  Mumbai 



metals sector, lead, copper, aluminium, steel
Hindustan Copper, another public sector undertaking that is only into the production of copper, has earmarked Rs 5,500 crore as capex that will come on stream by FY29 in phases

Non-ferrous or base from Hindalco to Vedanta, Hindustan Zinc, Nalco and Hindustan Copper are increasing their capital expenditure (capex) outlays for the future as demand grows from user industries. Almost Rs 1.14 trillion of has been lined up between FY23 and FY29 by these firms, their recent announcements show, as sectors such as renewable energy, electric cars, beverage cans, electronic, cable and durable products and aerospace, push up the need for metals.

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First Published: Fri, June 10 2022. 19:21 IST

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