Vedanta Ltd. aims to increase its aluminium exports at a time imports comprise 58 per cent of India's consumption of the metal at the end of FY19.
Vedanta, India's top aluminium producer, in this fiscal year aims to ship more than half of its production volume to international markets. At the end of last fiscal, Vedanta once again overtook Hindalco as the top aluminium producer, churning out 1.96 million tonnes and clocking year-on-year (y-o-y) growth of 17 per cent.
Domestic aluminium makers have seen their market share steadily erode because of imports, especially those from South East Asian countries that have free trade agreements (FTAs) with India. India's aluminum imports in FY19 peaked at 2.3 million tonnes, resulting in a