Mumbai: Hindalco Industries Ltd expects its second quarter performance will pave the way to recovery as all of its aluminium upstream plants continue to operate at near full capacity.
In a speech to shareholders at the annual general meeting, Kumar Mangalam Birla, Chairman of the Aditya Birla group, said that with all logistics infrastructure coming back on track, its aluminium production is recovering rapidly to pre-Covid levels.“All aluminium downstream plants are operating at partial capacity to meet market conditions.
The export demand remains stable and continues to offset the current subdued domestic market conditions," Birla said. “The copper facilities are also ramping up to their optimal levels.