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 reports 310% YoY surge in net profit for the September quarter amid net sales fall
Hind Aluminium Industries Limited, a manufacturer of aluminium and alloy conductors and aluminium wire rods, announced its second quarter results ended September 30. The company reported its net sales nosedived by 90 per cent year-on-year from INR 8.00 crore to INR 0.80 crore and a...
Phinergy’s union with Tata creates first aluminium-air battery run Tata Tiago EV prototype
Israel-based Phinergy is the leading innovator in developing metal-air technology that amalgamates oxygen from the air with metals to yield electricity. The brand is scheduled to produce its first aluminium-air battery-run Tata Tiago electric car in collaboration with one of India's largest...
Vedanta’s aluminium wire rod & billet prices further elevate by INR2000/t with effect from Nov. 16
Vedanta Limited’s aluminium products prices have witnessed further expansion over the past four days ending November 16. The company’s aluminium wire rod price has been grown by INR 2,000 per tonne to INR 234,000-241,500 per tonne, following a significant hike of INR 9,250 per tonne on Saturday,...
Vedanta Aluminium uses IoT technology for water conservation at its power facility in Jharsuguda
India's largest aluminium producer, Vedanta Aluminium, implemented Internet of Things (IoT)-based technology for cooling water analysis and total water usage reduction at its power facilities in Jharsuguda, Odisha. These power plants employ a network of cooling towers with natural draughts and a...
India's GAPL plans to expand its production capacity in 2023
The manufacturer of premium quality aluminium profiles, Global Aluminium Pvt. Ltd., has emerged as one of the leading champions in the aluminium extrusion manufacturing sector under the leadership of Chairman and Managing Director Anil Kumar Agarwal, Global. Global Aluminium Pvt. Ltd (GAPL) is a...
Vedanta’s aluminium ingot price sees a hike of INR9250/t with effect from November 12
Vedanta Limited hiked its aluminium ingot and aluminium products prices, with effect from Saturday, November 12, after a cut by INR 6,250 per tonne on the previous day. On November 12, Vedanta’s aluminium ingot price saw an expansion of INR 9,250 per tonne from INR 215,250-246,250 per tonne to INR...
Indian miners requesting government to increase import duties on aluminium items from China
India's largest mining sector organisations are asking for increased import levies on metals like aluminium, zinc and copper to help stem the flood of less expensive imports, particularly from China. The Federation of Indian Mineral Industries (FIMI) stated in a memorandum to the Ministry of...
Vedanta becomes the first in the Indian aluminium business to receive the BIS certification
Vedanta, one of the largest producers of aluminium in India, has achieved yet another milestone. The company obtained the Bureau of Indian Standards (BIS) certification and has become the first in the Indian aluminium business to have received the BIS certification for its broad range of aluminium...
Kawasaki KX250 with aluminium perimeter frame ready to launch in India
Tokyo-based motorbike innovator Kawasaki is about to launch its 2023 KX250 dirt bike in India, which has an aluminium skeleton and is extremely lightweight. The Kawasaki KX250 is a track-only dirt bike and has undergone various upgrades for the 2023 model. The bike is structured around an aluminium...
NALCO posts a 2% Y-o-Y drop in total income for 2QFY23 on higher expenses of INR3312.95 crore
On Wednesday, November 9, National Aluminium Limited (NALCO) announced its financial results for the second quarter and first half of the fiscal year 2023 ended September 30. The company declared its total income stood at INR 3,558.83 crore during Q2 FY23 compared to INR 3,846.22 crore in Q1 and...
India’s aluminium scrap imports from US grow 11.3% in August'22 after a month of restraint
According to the US Geological Survey (USGS) data, India imported 46,100 tonnes of aluminium scrap from the United States in August 2022. That reflected an increase of 5,200 tonnes or 11.28 per cent sequentially, following restraint in the previous month at 40,900 tonnes. In June, India’s aluminium...
MENA region leading investment fund envisions India’s resources will propel GDP growth
A leading investment fund in the MENA region focused on unlocking a positive future for the region, and beyond, the Dubai Investment Fund (DIF) asserts that India's untapped resources will need to be explored to navigate the nation's demand for new infrastructure and facilitate the housing bubble....
Vedanta curtails its aluminium wire rod price by INR2000/t with effect from November 8
Vedanta Limited has curtailed its aluminium products and aluminium ingot prices by INR 2,000 per tonne or 1 per cent, with effect from Tuesday, November 8. With the latest cut, the company’s aluminium wire rod price has come in at INR 225,750-233,250 per tonne versus INR 227,750- 235,250 per tonne...
OBCL secures $18 million contract from Vedanta for aluminium transportation
The logistics firm specializing in Full Truck Load (FTL) services, Orissa Bengal Carrier (OBCL), which has served satisfactorily in the past decade, has inked a contract with mining and metal giant Vedanta to transport finished aluminium items. On November 3rd, 2022, OBCL stated, "The agreement is...
Sundaram Clayton reports 43% hike in net profit to INR 212.26 crore in Q2 FY23
One of India’s biggest auto components manufacturing and distribution groups, Sundaram Clayton Limited (SCL), has announced a consolidated net profit of INR 212.26 crore with a 43 per cent hike after the company had a 32 per cent rise in revenue due to operations, amounting to INR 8,962.55 crore in...
Hindalco Industries elevates its aluminium wire rod & billets prices by INR6250/t on November 5
Hindalco Industries Limited lifted its aluminium products prices on Saturday, November 5, after trimming it on Thursday, November 3, by INR 1,500 per tonne. With effect from November 5, Hindalco’s aluminium wire rod price stands at INR 229,100 per tonne, up by INR 6,250 per tonne or 2.80 per cent...
Maan Aluminium yields 19% higher revenue from operations Y-o-Y to 1.88 billion for 2QFY23
On Monday, November 7, Maan Aluminium Limited announced its second quarter and H1 results of the financial year 2022-23 ended September 30, whereby it declared its revenue from operations closing at INR 1.88 billion compared to INR 1.73 billion in Q1 FY23 and INR 1.58 million in Q2 FY22. That...
NALCO’s aluminium ingot price heightens 3% to INR217,050-220,550/t with effect from November 1
National Aluminium Company Limited has hiked its aluminium ingot price, with effect from November 1, following a trim in the previous week. The company is currently selling its ingot at INR 217,050-220,550 per tonne, up by INR 6,600 per tonne or 3 per cent from INR 210,450-213,950 per tonne on...
