"Realisations are not strong due to weakness in global aluminium prices. If cheap imports have to eat up the domestic demand, aluminium producers like us are not able to take even the volume advantage prevailing in the domestic market. In such a scenario it becomes difficult to push up earnings," said Ramesh Nair, chief excecutive officer at Balco.
Balco, part of Anil Agwarl-led Vedanta, has major operations in Korba town of Chhattisgarh. Mumbai-based Vedanta also has another aluminium business in Jharsuguda area of Odisha.
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