Satish Pai, the Managing Director of Hindalco Industries, believes that India presents an excellent opportunity for domestic companies to invest due to the favorable economic conditions. He emphasized that India’s growth trajectory is set to outperform global rates, with a consistent government policy environment encouraging further investments. Pai also highlighted the Production-Linked Incentive (PLI) scheme and state-level incentives as key drivers for industries looking to expand in India.
Hindalco has pledged ₹40,000 crore towards brownfield expansion over the next three years. Pai clarified that these are not just announcements but ongoing projects, with a strong market condition and robust balance sheet enabling these investments.
Regarding Hindalco’s expansion, Pai mentioned that the Lapanga rolling plant in Odisha is set for commissioning this month, while work on the Kansariguda alumina project begins this week. Construction for a copper recycling plant in Gujarat is also underway, and the company is seeking environmental clearances for its copper smelter in Dahej and the aluminum smelter in Lapanga.
The company recently reported a 60% year-on-year rise in its consolidated net profit, reaching ₹3,735 crore in Q3. Pai credited this growth to a strong operational performance in both aluminum and copper businesses, with key factors like cost control and stable operations driving success.
While global sales are expected to remain steady, Hindalco’s India business continues to thrive independently of international markets. Pai also noted that Novelis, Hindalco’s US-based subsidiary, stands to benefit from US tariffs under the Trump administration.
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