The prospect of a recession in 2023 gave finance chief Dev Ahuja pause for consideration last year as he planned his spending priorities. Not that he paused for long. “I was kind of cautious but even with that caution, I was pretty sure it was a good time to add more capacity,” says the CFO of Novelis, one of the world’s leading producers of flat-rolled aluminum products to global automotive, aerospace and construction markets. “More capacity” is a relative term, as Ahuja invested big in the...