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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Rayzon Solar aims to become the first Indian manufacturer of solar panels in the US
Rayzon Solar, an internationally renowned leading solar panel manufacturer in India, plans to become the first Indian company to manufacture and produce solar panels in the USA. With its lightweight strength, unmatched corrosion resistance, and durability, aluminium, also known as green metal, is...
Goyal Aluminiums to invest INR 200 Cr. into establishing an EV manufacturing plant on a 4,000 sq. m. land
According to a report on March 29, Goyal Aluminiums has planned to invest INR 200 crore into building an electric vehicle (EV) plant in Uttar Pradesh for manufacturing electric, mild-speed range scooters for the Indian two-wheeler industry. In early March, the company announced debuting into the...
India Govt. likely to sell Balco stake in the next financial year
The government of India is likely drawing up to sell its remaining stake in Bharat Aluminium Company Ltd (Balco) in the next financial year, as per reported by a media house. The Chhattisgarh-Korba-based Balco has been privatized now for more than two decades. It has also been stated the Union...
Aludecor partners with IIT Gandhinagar to develop fire retardant aluminium composite panels
Aludecor, India's one of the most competitive players in the Metal Composite Panel business, has formed an alliance with the Indian Institute of Technology Gandhinagar (IITGN) to carry out extensive R&D on the Fire Retardant properties of Aluminium Composite Panels. Gaurav Srivastava, the project...
Downstream weekly recap: Hindalco Chairman receives the highest civilian honour of India, the Padma Award 2023; NICE Rapid launches new aluminium extrusion service for manufacturing industries
The most cutting-edge professional compression moulding and aluminium extrusion service for the industrial industries was launched by NICE Rapid. The procedure was identified as a tried-and-true way to reduce expenses and boost output. Uniformity Labs and Tekna expanded their collaboration for...
Nalco, Bhabha Atomic Research Centre collaboration develops India’s 1st Bauxite CRM
The Indian state-owned integrated aluminium company, National Aluminium Company Limited (NALCO), has successfully developed a Bauxite Certified Reference Material (CRM) naming as BARC B1201 in collaboration with Bhabha Atomic Research Centre (BARC). BARC is a multi-disciplinary research centre with...
Vedanta’s aluminium ingot price accumulates INR2250/t on March 24
Vedanta Limited added INR 2,250 per tonne to its aluminium ingot and aluminium products prices on March 24 after two consecutive cuts last week. This week's hike brought the company’s aluminium ingot price to INR 215,750-246,250 per tonne versus INR 213,500-244,000 per tonne on March 18. Vedanta’s...
ASI enlists Hindalco Industries Limited-Kuppam Works as its new Production and Transformation member
Aluminium Stewardship Initiative (ASI) announced the joining of Hindalco Industries Limited-Kuppam Works as its new Production and Transformation member. An integrated facility with aluminium extrusion presses, anodising, powder coating, and fabrication facility, Hindalco Industries Limited Kuppam...
Vedanta Aluminium recycles 12.5 billion litres of water to become Net Water positive by 2030
Vedanta Aluminium, in adherence with the 6th UN Sustainable Development Goal of 'Clean Water and Sanitation', has skilfully recycled 12.5 billion litres of water in February alone. Honouring World Water Day, the company has also found the momentum of constructing a new Sewage Treatment Plant (STP)...
Hindalco Chairman receives the highest civilian honour of India, the Padma Award 2023
India's biggest aluminium manufacturing company and the world's most significant flat-rolled products player and recycler of aluminium, Hindalco Industries' Chairman Kumar Mangalam Birla, has been awarded the highest civilian honour of India, the Padma Award 2023 for his commendable contribution to...
Craftsman Automation acquires 76% of DR Axion to supply India’s budding PHEV market
DR Axion, a supplementary board to Craftsman’s existing aluminium business, has reported fast-paced revenue growth in current times attributed to Kia’s entry and diversification, eyeing the PHEV market in India. This has led Craftsman to opt for a 76 per cent stake in the business at INR 3.75...
Uno Minda board approves 81.69% stake acquisition in Kosei Minda Aluminium to bring together 4W alloy business
On Monday, March 20, Uno Minda Ltd announced that its board gave a go-ahead signal to raise its stake to 81.69 per cent in Kosei Minda Aluminium and 49.90 per cent in Kosei Minda Mould, expecting the move to help Uno Minda consolidate its 4W alloy business. Uno Minda, located in North India, is a...
Vedanta’s aluminium wire rod price undergoes two succeeding cuts totalling INR221,000-228,500/t
Vedanta Limited continued to reduce its aluminium products prices on Saturday, March 18, bringing its aluminium wire rod price to the range between INR 221,000-228,500 per tonne, down by INR 1,500 per tonne from the previous day. On Thursday, March 16, Vedanta’s aluminium wire rod price stood at...
Downstream weekly recap: Indian Institute of Metals names Mr Satish Pai as the new incoming President; Nuveen Asset Management LLC sheds 892 shares of Kaiser Aluminium Co.
One of the leading aluminium industry firms in Sri Lanka, Alumex PLC, has proclaimed the commencement of its flagship loyalty promotion, "Divikavuluwa". The region's leading producer of aluminium extrusions is keen to launch community-based initiatives to strengthen the nation's aluminium...
Indian film actress unveils Golden Embossed HOMEFOIL by LSKB Aluminium Foils
Karisma Kapoor unveils India's 1st Golden Embossed HOMEFOIL by LSKB Aluminium Foils at the 37th AAHAR - The International Food & Hospitality Fair. The new foil was inaugurated at the LSKB Stall, Pragati Maidan, New Delhi. Following the launch, guests had the chance to speak with Karisma Kapoor in a...
Indian Institute of Metals names Mr Satish Pai as the new incoming President
The Managing Director of Hindalco Industries, Mr Satish Pai, has been named the President of the Indian Institute of Metals (IIM). IIM is an adequate body for professional metallurgists in India. It was formed as early as 1945 and was possible through the efforts of a few metallurgists. Since then,...
Vedanta’s aluminium ingot price sees a growth after several cuts since March 7, thanks to the LME price hike
Vedanta Limited has lifted its aluminium ingot and aluminium products prices on Wednesday, March 15, after several cuts, in response to the LME aluminium price hike. Vedanta, India's leading aluminium producing company, has added INR 4,500 per tonne to its aluminium ingot price to sell the primary...
Indian aluminium players need to focus on sustainable investment to meet net-zero target, says ICRA
On Monday, the Investment Information and Credit Rating Agency of India Limited (ICRA) stated that to accomplish the ambitious goal of a 25 per cent reduction in carbon emissions in the next five to seven years and attain net-zero status by 2050, domestic aluminium players will need to...
