Over the next three to five years, you will see us steadily increasing our downstream capacities as well as going into higher value-added products, said Satish Pai, MD, Hindalco, in an interview with ETNOW. Edited excerpts: What affected Hindalco in FY19? In FY19, the biggest story for us was the big rise in input cost of coal, of the carbon products as well as furnace oil and caustic soda. All these had a big impact in FY19. I am happy to say that in Q4, by February-March, we saw prices easing. For example, Q3 to Q4, our cost of production was flat but from March onwards, we are guiding that in Q1 the cost of production will be 3% lower. We are seeing some of the input costs falling, which would be beneficial going forward. Unlock Leadership Excellence with a Range of CXO CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Chief Executive Officer ProgrammeVisitIIM LucknowIIML Chief Operations Officer ProgrammeVisitIIM KozhikodeIIMK Chief Product Officer ProgrammeVisit There was mar...