Hindalco MD Satish Pai Reveals, Whatever Cash Will Come Will Be Used In Expansion Plans

Commenting on the March quarter results, Satish Pai, Managing Director (MD), Hindalco, said, “Margins improved in March quarter due to cost reduction. There is good demand for copper domestically. Novelis expects further improvement in its results. Hopefully. Improvement in US housing starts will support Novelis. Whatever cash we get, we will invest in expansion plans. The slowdown in Chinese demand will impact prices. Watch this exclusive interview.