Aluminium and Alumina volumes continue to grow amidst ramp up of the new greenfield facilities. Aluminium metal production volumes increased 44% yoy and 2% qoq to 269,000 tonnes (our estimate 270,000 tonnes) due to ramp-up at Mahan and Aditya Smelters. Aluminium segmental revenue increased 26% yoy and 5% qoq to Rs41.7bn. Alumina production including production at Utkal increased 18% yoy and 6% qoq to 328,000tonnes on the back of ramp-up of the Utkal refinery. On the copper front, copper cathode volumes increased 4% yoy, but declined 2% qoq to...