Will stick to Sept deadline for Novelis-Aleris deal: Hindalco's Satish Pai

Hindalco MD Satish Pai says 'nothing extraordinary or unforeseen' in getting European Commission permission for Novelis-Aleris.

With March-quarter margins having contracted due to higher cost and not-so-strong revenue stream, Hindalco Industries has drawn a roadmap to lower cost of production amid efforts to insulate business from vagaries of LME prices.

Hindalco's managing director Satish Pai, in an interview with Aditi Divekar, talks about tapping the downstream market and owning new rakes (wagon trains) to tackle cost issues.

Hindalco’s expenses have gone up 16 per cent in Q4 on year-on-year basis. How do you plan to curtail costs going ahead?

Sequentially, Hindalco’s cost of production was flat and going ahead we see it drop by 3 per