21 APRIL 2017www.moneycontrol.com
Expect good margin from aluminium in FY18: NALCO
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<p>India’s leading aluminium producer National Aluminium Company (NALCO) has seen a strong response to their offer for sale (OFS) with the non-retail segment seeing a subscription of 1.84 times and the government has decided to retain full over subscription under the greenshoe option.</p>
<p>In a recent interview, TK Chand, CMD of NALCO spoke about the latest happenings in his company and sector.</p>
<p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/T_K_Chand.jpg" alt="News" width="517" height="344" /></p>
<p>TK Chand said, he expects aluminium price to move between USD 1870 and USD 1950 in FY18.</p>
<p>Speaking about recent price increases in the aluminium sector, he said, "In Q4 our margins have significantly improved, so volume and price benefits have come into the company".</p>
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<p>On OFS, Chand said, "We have offered 5 per cent firm and 5 per cent optional and maybe the offer will be up to 9.2 around, a little less than 10 per cent."</p>
<p>"We are expecting very good margin from aluminium segment", Chand further added. The veteran said he is expecting aluminium price to move between US$1870 and US$1950, in a band of around US$80-90.</p>
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