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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Vedanta’s aluminium ingot price slips by INR3000/t with effect from February 3
Vedanta Limited reduced its aluminium ingot and aluminium products prices by INR 3,000 per tonne on Friday, February 3, following an increase of INR 7,000 per tonne on the previous day. On February 3, Vedanta’s aluminium ingot price came in at INR 242,500-255,500 per tonne, compared to INR...
NALCO appoints Pankaj Kumar Sharma as the new production Director
National Aluminium Company Limited (NALCO) has appointed Pankaj Kumar Sharma as the new Production Director of the Navratna CPSE, effective from February 1. The CMD of NALCO, Sridhar Patra, has formally lauded Shri Pankaj Sharma for taking this great responsibility as a Director (Production). He is...
Vedanta cuts its aluminium ingot price by INR3500/t on Feb 1 in line with three consecutive LME price declines
Vedanta Limited has curtailed its aluminium ingot and aluminium products prices by INR 3,500 per tonne, with effect from February 1, 2023. That brought the company’s aluminium ingot price to INR 238,500-269,000 per tonne versus INR 242,000- 272,500 per tonne on January 31. Vedanta’s aluminium wire...
Vedanta Aluminium raises $250 million from international banks through sustainability-linked loans
On January 31, 2023, Vedanta Aluminium announced that to finance its capital expenditures and lessen its carbon impact, it had raised $250 million (INR 2,045 crore approx.) through sustainability-linked loans from international banks. The ability of the borrower to satisfy sustainability goals is a...
Hindalco’s aluminium wire rod price dips by INR1500/t on January 31
Hindalco Industries Limited has trimmed its aluminium products and aluminium ingot prices, with effect from January 31, following a surge in the previous week. The company has cut its aluminium wire rod price by INR 1,500 per tonne to sell the product at INR 252,100 per tonne versus INR 251,600 per...
Downstream aluminium weekly recap: Gränges plans SEK 600 million investment expanding its battery cathode foil production capacity; General Motor allots US$55 million for Defiance plant in Ohio
To suffice Europe’s growing demand for battery components, Gränges has planned a SEK 600 million investment over two years to double its battery cathode foil production capacity in Finspång, Sweden, which will be active by 2025. General Motors (G.M) allotted US$55 million from the major US$918...
Heading to net zero, Vedanta to power aluminium and copper operations with hybrid renewable energy
The Indian mining and metal giant Vedanta's board of directors has approved plans to source 91 MW of Hybrid Renewable Power, according to a regulatory filing. 50 MW will be used for aluminium operations, 16 MW for copper operations, and 25 MW for oil and gas operations across India. As a result,...
Vedanta Aluminium achieves 2nd spot position in S&P Dow Jones Sustainability Index ranking for FY2022
According to S&P Dow Jones Sustainability Index (DJSI), Vedanta Aluminium, India’s largest aluminium producer, has achieved the 2nd spot position in world rankings for the aluminium industry for FY2021-22. The S&P Dow Jones Sustainability Index is the world-class benchmark to assess the companies’...
Vedanta‘s aluminium wire rod price accumulates INR2000/t on January 25
Vedanta Limited has added INR 2,000 per tonne to its aluminium products and aluminium ingot prices on Wednesday, January 25. That brought the company’s aluminium wire rod price to INR 251,000-258,500 per tonne versus INR 249,000-256,500 on January 21. Vedanta increased its aluminium wire rod price...
Vedanta Aluminium joins ASI as a new Production & Transformation Member
On Tuesday, January 24, the Aluminium Stewardship Initiative announced the joining of Vedanta Limited (Aluminium Business) as a new Production and Transformation member. Vedanta Aluminium is one of the world’s leading aluminium producers and the largest in India, with operations in Odisha and...
Losma India concluded a large fume extraction project at an aluminium alloy foundry in Gujrat
A significant fume extraction project was recently completed by the top specialists in industrial air and liquid filtration, Losma India, at a reputable aluminium alloy foundry in the city of Vadodara, Gujarat, India. The project entailed the extraction of fumes produced during the melting process...
Mahanadi Coalfields Ltd plans to set up a greenfield aluminium project, already looking for a bauxite mine
Mahanadi Coalfields Limited (MCL), one of the eight subsidiaries of Coal India Limited and India’s major coal-producing companies, is mulling to make a debut in aluminium business and soon setting up a greenfield project. Sources say the mini ratna company is looking to secure a bauxite mine for...
End user weekly recap: Wheels India Ltd. adopts flow form technology in making aluminium wheels; FILTEC’s flagship RVI system identifies defects in aluminium cans, glass or PET bottles
The end user sector for aluminium has been gaining pace this week with advancements in the automobile sector, wherein it was declared by Rahul Sharma, the CEO of Vedanta Aluminium, that the weight of a car is reduced by one kilogramme for every kilogramme of aluminium utilised in the vehicle. We...
Alternative to Lithium-Ion batteries, IICT in the development process of 'Rechargeable Aluminium Batteries'
On January 20, 2023, the southern Indian state, Telangana's capital Hyderabad, based Indian Institute of Chemical Technology (IICT) announced its venture into developing Rechargeable Aluminium Batteries (RAB). These well-known sustainable energy storage systems can be an efficient alternative to...
Balco deploys state-of-the-art BI tools to track oil consumption
The renowned aluminium producer in India, Bharat Aluminium Company Limited (BALCO), is aggressively investing and extending the application of smart technology inside its production systems. The organisation has implemented several high-end digital solutions to guarantee business excellence, from...
Vedanta’s aluminium wire rod & billet prices experience a slash of over 3% on Jan 20
Vedanta Limited has slashed the prices of aluminium products from January 20 following a surge on the previous day. The company has cut its aluminium wire rod price by INR 9,250 per tonne or 3.5 per cent to INR 245,500-253,000 per tonne as of January 20. On January 19, the price stood at INR...
Ficci demands 12.5% duty on aluminium imports in FY2023-24 Union Budget
The Federation of Indian Chambers of Commerce & Industry (Ficci), a non-governmental trade association and advocacy group, has reportedly figured out the necessity of higher import duty on aluminium and aluminium products. According to a report, the association has sought at least 12.5 per cent of...
Import duties on Indian aluminium and steel to pursue until excess capacity is addressed: US official
According to a senior US government official, the US government under Joe Biden will not lift the higher import taxes levied by the Trump administration on aluminium and steel products made in India until the "fundamental issue" of excess capacity and the actions that contributed to the issue are...
