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Hindalco unfazed by Trump's tariffs
Mint Mumbai
|February 15, 2025
Hindalco has little exposure to the US, shielding it from any adverse impact from the new tariff
The US' upcoming 25% tariff on aluminum, announced by President Donald Trump, will have a mostly neutral impact on Hindalco Industries Ltd. and its American unit Novelis, according to managing director Satish Pai.
Novelis uses aluminum scrap as well as virgin aluminum as input, which it then processes into flat-rolled sheets to be used by industries ranging from beverage cans to aerospace.
This story is from the February 15, 2025 edition of Mint Mumbai.
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