News: As per media sources, the government has launched an anti-dumping investigation into the import of aluminium foil from China, prompted by complaints from domestic players.
Views: Anti-dumping duty if imposed will be positive for Hindalco which is one of the largest players in India’s aluminium downstream space. The company is expanding its India’s aluminium downstream capacity from ~400 Kt to ~600 Kt by FY2026, targeting emerging sectors such as EVs, e-mobility, packaging, batteries, urban infrastructure, consumer durables etc.
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