Even if you see some element of volume happening, the LME pricing is not supportive at all and because of that the entire operating leverage might not get played out.
See a long runway for T&D segment in power sector: Nischal Maheshwari
Nischal Maheshwari highlights positive growth in the power sector’s transmission and distribution (T&D) due to solar power adoption and rising power consumption, necessitating infrastructure upgrades.