ICRA Forecasts 10% Growth in Non-Ferrous Metals Demand for FY202
ECONOMY & POLICY

ICRA Forecasts 10% Growth in Non-Ferrous Metals Demand for FY202

ICRA, a leading credit rating agency, has projected a significant uptick of 10% in the domestic demand for non-ferrous metals during the fiscal year 2025. This growth outlook is underpinned by anticipated recoveries across industrial sectors and increased investments in infrastructure projects nationwide.

The forecasted increase in demand comes amid recovery phases observed in various industries, including automotive, construction, and electrical equipment manufacturing, which are major consumers of non-ferrous metals like aluminium, copper, and zinc. These metals are essential for their lightweight, corrosion resistance, and conductivity properties, making them integral to modern manufacturing processes.

According to ICRA analysts, government initiatives aimed at boosting infrastructure spending, coupled with a rebound in industrial activity, are expected to drive the demand surge. The emphasis on infrastructure projects such as roads, bridges, and renewable energy installations further supports this growth trajectory for non-ferrous metals.

However, challenges such as global supply chain disruptions and fluctuating raw material prices may impact the sector's growth momentum. Mitigating these risks while capitalizing on domestic demand growth remains critical for sustaining the positive outlook in the non-ferrous metals market.

In conclusion, ICRA's optimistic forecast of a 10% increase in domestic non-ferrous metals demand for FY2025 reflects renewed industrial confidence and infrastructure investments, positioning the sector for robust growth amidst evolving economic dynamics.

ICRA, a leading credit rating agency, has projected a significant uptick of 10% in the domestic demand for non-ferrous metals during the fiscal year 2025. This growth outlook is underpinned by anticipated recoveries across industrial sectors and increased investments in infrastructure projects nationwide. The forecasted increase in demand comes amid recovery phases observed in various industries, including automotive, construction, and electrical equipment manufacturing, which are major consumers of non-ferrous metals like aluminium, copper, and zinc. These metals are essential for their lightweight, corrosion resistance, and conductivity properties, making them integral to modern manufacturing processes. According to ICRA analysts, government initiatives aimed at boosting infrastructure spending, coupled with a rebound in industrial activity, are expected to drive the demand surge. The emphasis on infrastructure projects such as roads, bridges, and renewable energy installations further supports this growth trajectory for non-ferrous metals. However, challenges such as global supply chain disruptions and fluctuating raw material prices may impact the sector's growth momentum. Mitigating these risks while capitalizing on domestic demand growth remains critical for sustaining the positive outlook in the non-ferrous metals market. In conclusion, ICRA's optimistic forecast of a 10% increase in domestic non-ferrous metals demand for FY2025 reflects renewed industrial confidence and infrastructure investments, positioning the sector for robust growth amidst evolving economic dynamics.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement