Based on latest concall, the company expects 2H to be better since 1H was disrupted by planned maintenance. Outlook for Aluminium and hence the raw materials is positive given low inventory levels. Further a few Al smelters on N America and Europe are expected to be released started. Further due to China emission norms supply side of raw materials is tight. Based on latest con call the company plans to reduce debt to 3x EBITDA in the near term. And they are planning to add new capacity in AP.
Discl invested at lower levels