Trump tariff is not 'negative' for Hindalco's India business: Satish Pai

Chinese aluminium imports no longer cheaper and country can't afford to dump metal in India, says company's MD

Hindalco Industries plans to spend Rs 6,000 crore as capex in India in Financial Year 2024-25 (FY25) and Rs 8,000 crore the next year. SATISH PAI, the company’s managing director, told Amritha Pillay in a video interview he expects Novelis, a subsidiary, to bounce back in the fourth quarter (Q4). Pai said America’s announcement of trade tariffs will not have a “negative” impact on Hindalco and Chinese aluminium imports to India are no longer cheaper. Edited excerpts:

 

In your Q3 performance, India operations helped offset the weakness seen for Novelis. Do you expect this trend to prevail

 

In Q4, Novelis