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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India’s aluminium alloy ingot ADC12 price remains stable w-o-w
The domestic prices of aluminium alloy ingot ADC12 in India remained stable w-o-w at INR 197,000/t. Despite the start of the new fiscal year, the stability was attributed to modest buying demand. While established market players' output levels have stayed basically stable, there is considerable...
Hardwyn India schedules board discussion to consider split of shares
Hardwyn India, a company manufacturing aluminium products and basic architectural hardware, has published a 5 per cent increase in shares after it conducted discussions with the board to consider sub-divisions of equity shares in the next planned conference. Each share pertaining to the company is...
India's imported aluminium scrap prices decline marginally on limited trade
The price of imported aluminium scrap in India fell marginally, influenced by price movements on global commodities exchanges such as the London Metal Exchange (LME) and the Multi Commodity Exchange of India (MCX). These are recognised to have an impact on both the domestic and international...
Rahul Dravid becomes Brand Ambassador for aluminium formwork provider Knest
Knest, one of the globe’s fastest-growing Indian firms producing aluminium formwork, has signed Rahul Dravid as its Brand Ambassador. The Indian legend will pose as the face of the brand as it thrives on discovering potent business avenues worldwide. Knest provides sustainable, innovative and safe...
BALCO wins ‘PAT Top Performer’ award as India’s energy-efficient aluminium producer
Bharat Aluminium Company Limited (BALCO) announced on Wednesday, April 12, that it received the ‘PAT Top Performer’ award from R K Singh, Minister of Power and New & Renewable Energy, for its constant efforts towards energy conservation under the Perform, Achieve, and Trade (PAT) Scheme. The...
Runaya, India’s 1st aluminium dross processing unit, expects sustainability to bring an eightfold growth
Runaya, India’s first and the world’s second zero-waste, zero-discharge aluminium processing facility, has estimated to have an eightfold growth in the next two years, attributed to portfolio expansion from aluminium to copper and zinc. As per the report, the Mumbai-based startup, with a key focus...
Baba Glass & Aluminium Fabricators adds new range of aluminium fabrication services
Based in the city of Lucknow in the Indian state of Uttar Pradesh, Baba Glass & Aluminium Fabricators, one of the top providers of aluminium and glass fabrication services, announced the debut of its newest product range, which includes aluminium fabrication services, UPVC windows and LED mirrors....
LSKB launches Clean Wrap, a first-of-its-kind 2-in-1 foil with both aluminium and paper
Incorporated in 2018, with a production facility in Sonipat, Haryana, LSKB Aluminium Foils recently introduced Clean Wrap, a first-of-its-kind 2-in-one foil. One side is paper and the other works as aluminium foil. It is up to the users to decide how to wrap their favourite foods from either side,...
Sustainability weekly recap: BALCO to obtain hybrid renewal electricity for its aluminium operations in Chhattisgarh; Netherlands expands DRS to include steel and aluminium beverage cans
Companies are doing their bit to move towards a sustainable environment, and in this journey, aluminium is considered the ultimate choice for most companies. From April 1, the Netherlands plans to include steel and aluminium beverage cans in its deposit return programme. On April 4, 2023, Alcoa...
Aluminium jewellery, an eco-friendly substitute for Gold in the fashion industry
Creativity and sustainability are the new trend making waves in the fashion world. Fashion trends are constantly evolving, affected by various elements, including social movements, technical developments, and economic situations. One such change which is gaining traction very swiftly is using...
CBAM may lead to retaliatory tariffs by India on EU exports
According to the officials familiar with the government of India's decision-making team, it has been informed to us that in response to the EU's proposed carbon tax, which might disrupt over $8 billion worth of Indian metal exports to the EU, India is considering slapping retaliatory tariffs on...
Satyajit Vetoskar enlightens IIGJ students about using aluminium in jewellery designing
Satyajit Vetoskar, the awarded designer , spoke to students at IIGJ in Mumbai about the art of reusing old materials in new products and his newly unveiled jewellery line made out of gold and scrap aluminium from aeroplanes. He was invited to speak to senior jewellery design students in a session...
BALCO to obtain hybrid renewal electricity for its aluminium operations in Chhattisgarh
BALCO and Serentica Renewables India Private (SRIPL) signed a Power Delivery Agreement (PDA) to obtain hybrid renewable electricity for its aluminium operations in Chhattisgarh. BALCO will own 26 per cent of the stock in the Special Purpose Vehicle (SPV), and the project will be financed at a...
VNIT earns ISRO project to develop aluminium structures suitable for landing impact
After a space shuttle re-enters the atmosphere, the most crucial part is the landing, where an immense force is exerted on the ground resulting in the crumpling of the device's legs. ISRO approached the Department of Mechanical Engineering and Applied Mechanics of Visvesvaraya National Institute of...
Vedanta posts a new record-high aluminium production at 2.291 million tonnes for FY2023
On Monday, April 3, Vedanta Limited, India’s leading multinational mining company, announced that its aluminium and high refined metal production reached record levels in the fiscal year of 2022-23 ended March 31. In a regulatory filing, the company said it produced the highest-ever amount of...
US aluminium scrap exports to Malaysia start 2023 with a monthly hike of 12.45%
According to the US Census Bureau data, the United States aluminium scrap exports to Malaysia initiated the new year with an increase of 3,400 tonnes or 12.45 per cent month-on-month. In January 2023, the exports grew to 30,700 tonnes, following a plunge from 33,400 tonnes to 27,300 tonnes in the...
Primary aluminium weekly recap: China’s Yunnan province might restrict aluminium production due to energy crisis; Government of India to sell remaining BALCO stakes
At this moment, the primary sector is the most vulnerable area in the aluminium value chain, with the global energy crisis at its peak and the Russia-Ukraine crisis causing enough turfs in the economic conditions. Last week, there were reports of China facing a recurring energy shortage in the...
NALCO, Hindalco, Vedanta lift aluminium ingot price this week in response to LME price rally
India’s top three aluminium players – NALCO, Hindalco, and Vedanta have elevated their aluminium ingot and aluminium products this week in tandem with the LME aluminium benchmark price hike. NALCO this week, with effect from Tuesday, March 28, lifted its aluminium ingot price by INR 5,600 per tonne...
