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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Alstom and Medha also join the race to acquire 100 aluminium trainsets contract for Vande Bharat
Two leading mobility solution providers and rolling stock giants from two different parts of the world, Alstom and Medha Servo Drives, have reportedly participated in bidding to manufacture 100 lightweight Vande Bharat trainsets. While Alstom is the only bidder among the five contenders not...
BHEL-Titagarh Wagons only fully Indian consortium eyeing $8.7 billion Vande Bharat contract; coach building will depend heavily on aluminium
On February 22, 2023, the company manufacturing coaches for Indian Railways, Titagarh Wagons Ltd (TWL), publicized that their partnership with Bharat Heavy Electricals Limited (BHEL), the largest government-owned power generation equipment manufacturer, has made them the sole fully Indian...
ASI welcomes India’s pioneer aluminium extrusion manufacturer as a new Production & Transformation member
On Tuesday, February 21, Aluminium Stewardship Initiative announced it welcomed Hindalco Alupram Works, an aluminium extrusion manufacturing plant in Ernakulum District of Kerala, as a new Production and Transformation member. The plant is equipped with two extrusion presses, of which one was...
Vedanta lifts its aluminium wire rod & billet prices for the second day in a row by INR3500/t
Vedanta Limited has lifted its aluminium products prices and aluminium ingot prices for the second day in a row, bringing its aluminium wire rod price to INR 239,500-247,000 per tonne. That was an increase of INR 3,500 per tonne from the previous day. On February 21, Vedanta’s aluminium wire rod...
Hindalco to build an aluminium recycling & segregation plant in Gujarat, India; aims to develop an alternative supply chain
Hindalco Industries Limited is reportedly mulling installing a recycling and segregation plant for its aluminium and copper businesses in Gujarat. The aim is to increase the proportion of recyclable products, in line with its US subsidiary. The project is estimated to cost INR 3,000 crore, per the...
JNARDDC Nagpur uses aluminium dross to develop PAC for achieving zero waste in the industry
The Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC), Nagpur, has created Poly Aluminium Chloride (PAC) from aluminium dross, a step towards achieving zero waste in the aluminium industrial sector. PAC can be used in water treatment facilities to treat wastewater. Dross,...
Paving the Path Ahead ‘For a Better Tomorrow’
Climate change around the world is causing great catastrophes, with no continent left untouched. The heatwaves, droughts, typhoons, and hurricanes are causing mass destruction around the world with disasters such as the heatwave in the UK, the West’s water crisis, hurricane Ian in the US, and many...
RHI Magnesita infusing INR 3600 crore in India, says CEO
The Austria-Vienna headquartered global refractory leader RHI Magnesita's CEO Stefan Borgas has stated that the company is investing INR 3,600 crore in the Indian market over the next two-three years to expand its production capacity and modernise facilities. However, Borgas also said that a...
Downstream weekly recap: Novelis won the '2022 Supplier of the Year' award; Golkonda Aluminium Extrusions reports a 52% decline in net profit for Q3 FY23
Apart from the Q3FY23 results from companies like Bharat Forge Golkonda Aluminium, the industry also recorded two special award-winning moments. On February 3, 2023, Hyundai Motor Group presented Novelis with the "2022 Supplier of the Year" award at the company's annual "Partnership Day" event in...
DIPAM rejects Nalco's disinvestment agenda
The Department of Investment and Public Asset Management (DIPAM), which deals with all the matters relating to the management of Govt. of India investments in equity, including disinvestment of equity in Central Public Sector Undertakings, has rejected any disinvestment agenda for the state-owned...
Primary aluminium weekly recap: Gulf’s biggest miner Ma’aden reports 87% leap in net profit for 2022; Tata Steel's Rajesh Kumar appointed Balco's new CEO & WTD
This week the primary aluminium industry witnessed some prominent events. From top companies like Ma'aden, Nalco and Hydro announcing their fourth-quarter results to LME aluminium price hitting a 5-week low due to rising stockpiles in LME-approved warehouses dampened investor mood. As per the...
Vedanta’s aluminium ingot price shrinks for the second time in a week to INR223,750-254,250/t
Vedanta Limited has again reduced its aluminium ingot and aluminium products prices, with effect from Friday, February 17, bringing its aluminium ingot price to INR 223,750-254,250 per tonne. The price is down by INR 4,000 per tonne from INR 227,750-258,250 per tonne on February 14. Vedanta has...
Hind Aluminium announces 83% slump in net sales Y-o-Y for Q3 FY23
Hind Aluminium Industries Limited, a manufacturer of aluminium & alloy conductors and aluminium wire rods, announced its third quarter results ended December 31, FY2023, reporting a year-on-year plunge of 83.22 per cent in net sales from INR 1.49 crore and a quarter-on-quarter slump of 68.75 per...
Vedanta Aluminium executes RPA to hyperautomate its complete commercial function
The largest manufacturer of aluminium in India, Vedanta Aluminium, has implemented Robotic Process Automation (RPA) in its commercial function to hyperautomate the whole process. Vedanta Aluminium's commercial function is a key function with substantial potential to create value for the firm,...
NALCO's price reduction escalates, aluminium wire rod price sees a cut of INR5300/t
National Aluminium Company Limited (NALCO) has again curtailed its aluminium products prices in less than a week from the previous cut. With effect from Thursday, February 16, NALCO’s aluminium wire rod price has been reduced by INR 5,300 per tonne or 2.24 per cent to INR 231,050 -235,400 per...
Tata Steel's Rajesh Kumar appointed Balco's new CEO & WTD
India’s iconic aluminium producer and a subsidiary of Vedanta Aluminium Business, Bharat Aluminium Company Limited (BALCO), appointed Rajesh Kumar as its new Chief Executive Officer (CEO) and Whole Time Director (WTD). When it comes to operations, maintenance, project implementation, and efficient...
Top 8 smartphone manufacturers using aluminium in 2022
There is much to the mere word 'Aluminium'. From pins to smartphones, aluminium or the Metal of the Future can be found in countless products which are highly beneficial to mankind and in everyday use. Because of its low weight and anti-corrosive qualities, it is increasingly replacing iron and...
Vedanta Ltd, the preferred bidder for Sijimali Bauxite Block
On Wednesday, Vedanta Ltd. announced that it was selected as the preferred bidder for an Odisha bauxite block. Vedanta has been named the preferred bidder for the Sijimali Bauxite Block, located in the Rayagada and Kalahandi districts of Odisha, under the mineral block auction held by the...
