The Hindalco network is flying 54% | The Indian Express

Hindalco Industries' stand-alone net profit increased operational efficiency and decreased financial costs from 54% to 725 crores for the year. a year. three months from July to September 2018. The figures also include the financial statements of Utkal Alumina International.

However, management warns of rising imports in the context of world trade wars. General Manager Satish Pai said that while aluminum demand in India is growing at a rapid pace of 13% year-over-year, domestic producer sales have only increased by 2%.

"The growth of the market was completely swept away by imports, which increased to 22% year-on-year, their market share increased from 55% to 60%. This is important considering that it was 40% a few years ago. At this rate, India is considering an inflated import bill of more than $ 5 billion during fiscal year 19, which will further reduce our damaging trade deficit, "said Pai. 19659003] Download the application Indian Express