We plan to invest Rs 5,000 crore to increase capacity in India: Satish Pai

Aditya Birla group’s Hindalco announced a 7 per cent revenue growth to Rs 39,383 crore for FY17 and a net profit of Rs 1,557 crore, thanks to a rise in metal prices and higher productivity at its facilities. In an interview, Satish Pai, managing director and chief executive officer of Hindalco, tells Dev Chatterjee how the company turned around and what its future plans are. Edited excerpts:

This is the fifth quarter of good performance for Hindalco. What contributed to this change?

The London Metal Exchange (LME) prices for aluminium were up 6 per cent during FY17 at $1,688 a tonne, compared