16 AUGUST 2012Reuters
India's aluminium demand likely to grow 7-8 percent annually- NALCO
Edited by : AL CIRCLE
1 min read
Aluminium demand in India, Asia's third largest economy, is likely to grow 7-8 percent annually, a senior official of the country's third largest aluminium maker said on Tuesday.
"The major drivers for this growth would be from power transmission, construction and automobile sectors," B L Bagra, chairman of the state-run National Aluminium Co (NALCO) , said while addressing the company's annual general meeting.
However, the aluminium industry, being cyclical in nature, is passing through a phase of low global growth and subdued prices which could put pressures on margins, he added.
"The major drivers for this growth would be from power transmission, construction and automobile sectors," B L Bagra, chairman of the state-run National Aluminium Co (NALCO) , said while addressing the company's annual general meeting.
However, the aluminium industry, being cyclical in nature, is passing through a phase of low global growth and subdued prices which could put pressures on margins, he added.
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