The cumulative sales for the domestic market in April-May, 2019 was at 82,684 units compared to 1,07,758 units over last year, registering a decline of 23 percent.
Hindalco will be looking at organic growth in India. In an exclusive conversation with CNBC-TV18, Hindalco's Satish Pai hopes that import duties being considered by the US on aluminium and steel sectors don’t impact Indian trade.
The company is currently functioning at 75 percent capacity utilisation, says Jagmohan Chhabra, ED, Goa Carbon.
Abhijit Pati, CEO-Aluminum, Vedanta says aluminium‘s London Metal Exchange (LME) price has slid down to sub1600 level, one of the lowest level of 6 yrs.
Gare Palma IV-7 mine in Chhattisgarh, earmarked for the non-power sector, was the most sought after one in the current lot put on auction in the first tranche.
Post SC verdict on coal block allocation, JSPL cracked around 15 percent Monday. The stock has bounced back after two days of intense selling. It witnessed some buying at lower levels on Wednesday.
Tom Albanese, MD & CEO, Vedanta said the company would be very happy to participate in the auction process in case the government decides to sell its residual stake in Hindustan Zinc and Hindalco via auction.
Hindalco Industries, chairman, Kumar Mangalam Birla today in the company‘s AGM said that the power cost pressure is hitting aluminum smelters hard. He also noted that China continuous to be a major demand driver for the company and copper consumption in Asia, except China, has slowed down.
In an interview with CNBC-TV18, Prasad Baji, Senior VP - Institutional Equities, Research, Edelweiss Securities Limited and J Mehra, Director of Essar Group and CEO, Essar Steel Holdings, speak about the announcements made for the metal sector in the budget.