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Home » Share Market News » Stock Market News » Hindalco, Balco experience pressure level due to inexpensive imports 16-August-2016

Hindalco, Balco experience pressure level due to inexpensive imports 16-August-2016

Aluminium majors similar Hindalco as well as Republic of Republic of India Aluminium Company (Balco) get got started feeling the pressure level of inexpensive imports. Cheap aluminium imports are eating upward virtually 50 per cent of the full domestic cosumption. Primary aluminium producers are finding it diffcult to get got volume-driven toplines amid rangebound cost tendency of the base of operations metal.

"Realisations are non rigid due to weakness inwards global aluminium prices. If inexpensive imports get got to consume upward the domestic demand, aluminium producers like us are non able to accept fifty-fifty the book wages prevailing inwards the domestic market. In such a scenario it becomes hard to force up earnings," said Ramesh Nair, master copy excecutive officeholder at Balco.

Balco, component subdivision of Anil Agwarl-led Vedanta, has major operations inwards Korba town of Chhattisgarh. Mumbai-based Vedanta besides has about other aluminium business in Jharsuguda surface area of Odisha.


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