Satish Pai, managing director of Hindalco, on Tuesday, said that the coal situation is gradually improving.

“More than 90 percent of our coal comes as a mix of linkage and e-auctions. The situation has improved quite a lot over the last month or so,” he said.

Also Read: Vedanta a risky bet if commodity cycle turns jittery, Hindalco better placed: Go India Advisors

According to him, working capital got stretched in the first half of FY22 owing to metal price fluctuations.

For the entire management interview, watch the video

First Published:Dec 7, 2021 11:46 AM IST