(MT Newswires) -- Satish Pai, CEO of Hindalco Industries, acknowledges that the increased costs for their recent project have caused concern, but maintains that the expected returns justify the investment.
 
He acknowledges the increased capital costs of the expansion, but points out that it strengthens his dominant position in the US rolled products market. He points out that contracts already signed support the new production capacity, ensuring the expected returns.
 
Pai says the current expansion is only a first step, with plans to increase capacity to 1.2 million tonnes.
 
He sees robust demand in the automotive, aerospace and construction sectors, propelled by positive trends internationally and optimism in India, driven by electrification and green energy.

Bloomberg videos