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Hidden energy exports through primary aluminium remain a concern

Consecutive years of below five per cent economic growth and 0.7 per cent contraction of the manufacturing sector last year ensured a 6.2 per cent fall in the country's primary aluminium use to 1.58 million tonnes (mt) during 2013-14. Even while India is to grow at 5.5 per cent in FY15, aluminium will likely again experience a fall in growth. This is happening when Vedanta and Hindalco are raising production by a significant amount. Government-owned National Aluminium Company (Nalco), exercising production discipline for the sake of profit improvement, is now engaged in reviewing ...