Hindalco will return to pre-Covid levels by H2: Kumar Mangalam Birla

All of the company's aluminium upstream plants continue to operate at near full capacity with all logistics infra coming back on track

Hindalco Industries’ performance would return to pre-Covid levels in the second half of the current financial year (FY21), its Chairman Kumar Mangalam Birla told shareholders on Thursday. He said the firm was prioritising the health and safety of its workforce amid the outbreak.

Speaking at the company’s 61st annual general meeting held virtually, Birla said: “The Indian economy delivered subdued performance last year with FY20 GDP (gross domestic product) growth falling to 4.2 per cent. We witnessed contraction in the first quarter (Q1) on account of widespread shutdowns. Despite this slump in Q1, activity levels are gradually normalising and I remain