Novelis, a wholly-owned subsidiary of Hindalco, reported a steady set of operational numbers for Q3FY20 with adjusted EBITDA/tonne at US$430/tonne. Net sales revenue was at US$2.7 billion while adjusted EBITDA came in at US$343 million, up 7% YoY. For Q3FY20, the reported net income attributable to its common shareholder was at US$107 million, up 37% YoY. Excluding special items, net income was at $132 million, up 31% YoY. Over the last few quarters, Novelis has reported a good set of numbers wherein EBITDA/tonne has consistently stayed above...