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Adds a meaningful long-term growth avenue in a strategic market (India) with customer contracts backing; increases forward capex but aligns with depreciation-based capital strategy and EVA expectations, which could lift valuation if EVA materializes.
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Ball Corporation announced a new two-line beverage can plant in Uttar Pradesh, extending its Indian footprint beyond Taloja and Sri City. The facility, slated to begin operations in 2029, is expected to generate strong EVA and align with Ball’s capex guidance. This reinforces Ball’s strategic growth push in India's expanding aluminum packaging market.
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