Metals & Mining Highlights of Interface with Aluminium Expert : Emkay PDF link

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Metals & Mining Highlights of Interface with Aluminium Expert Sterlite Ind.: CMP: Rs109                                        Target Price: Rs123 Hindalco Ind.: CMP: Rs131                                      Target Price: Rs154 We had an aluminium industry veteran Mr. Arun Kumar Sharma at our place. We deliberated on several aspects across the aluminium space covering the following ·      Global: Aluminium “demand – supply” balance and cost curve ·      India: Cost advantage lost, however growth to continue ·      Technology and Capex costs Key highlights and our take on same enclosed

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