In an interview to CNBC-TV18, Tom Albanese, CEO of Vedanta spoke about the latest happenings in his company and the sector.
We had a good year overall, said Albanese. "We have been focussing on aluminium business", he added.
He further said that aluminium profitability improved in FY17 owing to capacity enhancement.
We have been ramping up aluminium assets from the last 18 months, he said.
"We have been seeing aluminium demand globally has continued to be robust. In India it has also been robust and we have also seen that over supply that was coming out of China is beginning to taper off", said Albanese.
He also mentioned that they don't have enough bauxite for aluminium production in India.
He expects FY18 aluminium production at 1.5-1.6 million tonne approximately.
Watch accompanying video for more details.
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