India’s electronics aluminium demand to grow 10.18% CAGR: Why aren’t makers benefiting from strong domestic production?
India’s aluminium smelters operate with some of the highest margins in the value chain, at around 10 per cent, but this profitability is not reflected among downstream manufacturers, where margins are closer to 5 per cent. These companies convert the metal into finished products such as heat sinks,...
India's ₹9,150b power grid push could drive new aluminium demand
India's planned transmission investment and renewable-energy expansion could lift aluminium consumption in electrical applications to 4 million tonnes by FY30. India's push to expand its electricity transmission network is emerging as a major potential growth driver for aluminium, with the...
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Hind Aluminium posts further Y-o-Y fall in net sales at INR 0.33 crore for 4QFY2023
Hind Aluminium Industries Limited has reportedly announced its fourth quarter FY2022-23 results ended March 31, whereby it stated a sequential growth in net sales from INR 0.25 crore to INR 0.33 crore. But on a year-on-year calculation, the sales fell sharply by 73.17 per cent from INR 1.23 crore....
Quantum Computing in India – National Quantum Mission and impact on the aluminium industry
During the second half of April 2023, the Govt. of India gave the go-ahead to the National Quantum Mission (NQM) with a grant of INR 6,000 CR (around USD $725 million) to build quantum computers and apply quantum computing in various fields of research. Quantum Computing operates in qubits, i.e....
Manaksia Aluminium Company Limited posts a 9% Y-o-Y growth for Q4 FY2023 revenue
Manaksia Aluminium Company Limited, aluminium profiled rolling sheet producer, has announced its standalone financial results for the fourth quarter and full year of 2023, reporting a 4.73 per cent quarter-on-quarter growth in total income to INR 110.7086 crore. In the third quarter, the company...
End user recap: Aluminium setting up new trends with Colorbar using sustainable packaging
Aluminium is not only making its presence felt in the automobiles or electronics sector but also in the art or design department. To begin with, Sophie Couture, a renowned Dubai-based fashion powerhouse, recently showcased a black and silver hooded gown of delicate and beautiful elements like...
Wheels India pledges INR200 cr as CAPEX to intensify aluminium wheel production
Wheels India Ltd, a major player in the automotive wheel industry, has allocated INR 200 crore towards capital expenditures in FY23-24. This is part of the company's plan to gradually increase wheel production for commercial vehicles, tractors, aluminium wheels, and windmill machining segments. In...
Former Miss World graces the French Riviera in a Sophie Couture aluminium gown
The 2023 Cannes Film Festival has finally rolled out the red carpet, and it is a sight to behold. Celebrities continue to showcase outstanding ensembles that stay retained in our memory for free all year long. Cannes, a resort town on the French Riviera, is famous for its international film...
India’s aluminium ingot (ADC12) price remains stable W-o-W due to limited trade activities
Aluminium alloy ingot (ADC12) prices remained stable W-o-W at INR 199,000 per tonne exw Faridabad due to limited transactions in the market. However, although some vendors quoted higher rates, actual transactions were reported to be in the range of INR 198,000 per tonne-200,000 per tonne after...
India's imported aluminium scrap price tanks due to uncertainty in global aluminium market
The prices of imported aluminium scrap into India have decreased by $50-60 per tonne this week compared to the previous week. This is due to unimpressive London Metal Exchange futures prices. While prices have declined steadily, market sentiment remains uncertain due to highly volatile LME futures....
Colorbar 'Take Me As I Am' manifests circular economy in refillable aluminium solutions
Colorbar, a renowned and affordable cosmetic brand in India, recently launched its new 3-in-1 lipstick called 'Take Me As I Am'. This innovative eco-friendly product makes it the brand's first-ever refillable lipstick. It is highly pigmented, long-lasting, and vegan, arriving in 100% recyclable...
Aluminium scrap exports from the US record M-o-M hike of 11% in March’23
Aluminium scrap exports from the United States closed at 174,374 tonnes in March 2023, up 11 per cent from 157,101 tonnes in February. However, exports declined by 2 per cent Y-o-Y in March, compared to 178,575 t in the same month last year. The principal scrap grades shipped by the US were Zorba...
Recycling weekly recap: From car giant Audi to can makers AMP and Crown, all promote material reuse
The recycling industry is currently experiencing a high demand due to the increasing importance of sustainability and environmental awareness. Audi, through its MaterialLoop Project, is investigating the process of downcycling, which occurs when recycled materials such as metals or plastics are...
End-user recap: Use of aluminium on the rise with brands like Kaytea making a shift from plastic to aluminium
ARCC, a technological and manufacturing company in its seventh year, is constantly pushing forward it's future thinking to envision how a zero-emission bus should be created. Aluminium Revolutionary Chassis Company (ARCC), like other businesses in the sector, occasionally manufactured zero-emission...
Russia’s alumina imports from India under the radar, nil to 3rd largest consumer
According to the latest data from the Ministry of Commerce, Govt. of India reveals that the alumina exports to Russia escalated to 0.258 million tonnes in April-February of the financial year 2022-23 (FY23) from zero in the previous period of FY22. The surge in India-Russia trade with the mentioned...
Odisha government approves Utkal Alumina expansion proposal at the SLSWCA meeting
On Monday, the Odisha government approved 11 projects worth INR 2,841 crore in investment, expected to provide employment opportunities to around 3,721 people. The approval was granted at the State Level Single Window Clearance Authority (SLSWCA) on Monday, April 8. In addition to aluminium and...
Tata to create India’s first locally made Airbus C-295 aircraft for IAF
In a recent development, it has been notified that the Tata and Airbus collaboration will give rise to the production of transport carriers in Vadodara, Gujarat. The Chairman of Tata Sons, the Tata Group, N Chandrasekaran, proudly announced that the company will now be able to create indigenous...
SRF to invest INR 530 crores for its upcoming aluminium foil manufacturing unit
SRF, the Indian multi-business chemical conglomerate, announced that its board of directors has decided to establish a new facility that would include SRF Altech Limited, a wholly-owned subsidiary of the firm. The new factory, expected to cost INR 425 crore, would produce aluminium foil. As per the...
India boosts aluminium export activities in March'23, with semi-finished products growing 8% M-o-M
India’s aluminium scrap, finished and semi-finished products exports in March 2023 reflected month-on-year and year-on-year growth of 11 per cent and 15 per cent, respectively, to reach 213,960 tonnes. A month ago, India exported 193,214 tonnes of aluminium and a year earlier, the country shipped...
ISRI2023: Panellists highlight potential impact on aluminium scrap trade between US and India
Panellists at the Institute of Scrap Recycling Industries (ISRI) 2023 Convention & Exposition (ISRI2023) Spotlight on Aluminium session discussed investments in the North American aluminium value chain and potential impacts on aluminium scrap trade between the United States and India....
