Hindalco exporting over 80% of output amid contracting domestic demand

Hindalco has restarted downstream operations at truncated capacities to meet the existing market demand

Facing demand contraction in the domestic market, Hindalco Industries is exporting more than 80 per cent of its output. The coronavirus pandemic has dealt a body blow to domestic aluminium consumption that shrunk six per cent  year-on-year (y-o-y) to 3.72 million tonnes (mt) during FY20. In Q4 of last fiscal, the decline was sharper at 11 per cent.

 “We are exporting more than 80 per cent of our total output to countries like Korea, USA, Malaysia, Brazil, Japan, while minimizing our inventory build-up and absorbing the plant fixed costs. Our aluminium downstream plants in India had shut down initially, except