Hindalco Industries plans to sell 65% aluminum overseas this year

Hindalco Industries Ltd. plans to sell about two-thirds of its output overseas this year as local demand gets hit by the coronavirus pandemic.
 

Exports during the year that started April will increase to as much as 65% of total output compared with 50% last year, Managing Director Satish Pai said, adding the company expects to sell 75% to 80% of its total metal output to overseas customers in the April-June quarter.
 

India’s demand in the past few months was decimated by the world’s biggest lockdown that was imposed in March. While the measures are now being slowly eased, the country