Pramod Mittal-led companies fail to ride commodity super cycle, lose executives

The current commodity super-cycle is pushing India's metal makers to report record margins and realisations in FY21, but some companies continue to flounder. Among those that have not been able to take advantage of the strong demand growth are two listed companies — Pramod Mittal-led Balasore Alloys Ltd and Gontermann Piepers. Balasore Alloys, one of the country’s biggest ferrochrome producers, has seen several top-level exits, including that