BusinessPhoto: Business StandardHindalco Faces Coal Shortage, Expects 5% Rise in Aluminium Costs
Hindalco Industries reported that coal supply at its two northern India aluminium smelters has dropped to nearly half the usual levels, causing production costs to rise. The company expects aluminium production costs to increase by another 5% in Q3 FY27 after a similar rise in Q2. Managing Director Satish Pai noted coal shortages will persist in October and November but ease in Q4. Q2 costs rose 5% from Q1, driven 50-60% by coal and the rest by calcined petroleum coke. Hindalco posted a 59% YoY net profit increase to ₹7,533 crore in Q2 FY27, with revenue up 39% to ₹91,708...
Business Standard·



