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 Alumina endorses Waste-To-Wealth MSMEs in Odisha
India's leading premier metallurgical grade alumina producer, Vedanta Alumina, Lanjigarh, is encouraging Waste-To-Wealth MSMEs in the Kalahandi district of Odisha. It has been supplying lime grit to local brick manufacturers, enabling the circular economy to turn industrial waste into value-added...
Primary aluminium weekly recap: VALCO stops aluminium production due to ongoing labour dispute; BALCO conducts successful pilot trial of biodiesel application in its aluminium smelter
This week, the global primary aluminium industry witnessed many important events. Like, Volta Aluminium Company (VALCO) halted operations due to the ongoing labour disputes over a wage bar to BALCO successfully carrying out test runs using biodiesel in smelting operations. In the pilot test, the...
Unfavourable ratings by Moody's led Vedanta Resources to conclude the engagement
On November 3rd, 2022, London-based Vedanta Resources, the holding company of India’s Vedanta Limited, discontinued the rating services of Moody’s after the latter lowered the company’s ratings on debt concerns. Commodity tycoon billionaire Anil Agarwal led Vedanta Limited, India's leading...
Vedanta’s aluminium ingot price accumulates INR5250/t on November 2; products prices show no exception
Vedanta Limited has expanded its aluminium ingot and aluminium products prices, effective from Wednesday, November 2, soon after it cut the prices on the previous day. On November 1, the company reduced its aluminium ingot price by INR 2,750 per tonne to INR 210,250- 240,750 per tonne, following...
India: Primary aluminium producers to face compressed operating margin due to soaring production cost
On Monday, October 31, a report from CRISIL showed a high possibility of Indian primary aluminium producers’ lower operating margin by more than 1200 basis points (bps) this financial year to 22-24 per cent, owing to decreased realisations and soaring production costs. Last fiscal year, primary...
Vedanta reduces its aluminium wire rod & billet prices by INR6250/t with effect from October 29
Vedanta Limited’s aluminium products prices saw a cut on Saturday, October 29, soon after they increased by INR 2,000 per tonne on the previous day. As per the last updated price chart, Vedanta’s aluminium wire rod price is standing at INR 220,500-228,000 per tonne since October 29, down by INR...
AMPRI researchers find new application of red mud as X-ray shielding tiles
Red mud, also known as bauxite residue, is one of the most underused industrial wastes created during the Bayer process used to process bauxite into alumina. However, with time, more than 700 red mud applications have been patented by scientists, out of which only a few have been adopted by the...
Gogoro S1, the upcoming EV in the Indian market features aluminium monocoque chassis
Gogoro, known for developing a battery-swapping refuelling platform for urban electric two-wheel scooters, mopeds and motorcycles, announced its debut in the Indian EV market. The Taiwanese company plans to launch the Gogoro S1 in the Indian market. The EV showcases S performance aluminium floor...
Indian Railways flagged off the first indigenously manufactured aluminium freight rake in quest for a green network
The statutory body under the ownership of the Ministry of Railways, Government of India, managing the fourth largest national railway system in the world, Indian Railways attains another milepost by securing its first indigenously manufactured aluminium goods train rake. Aluminium goods trains...
End-user weekly recap: Ball Corporation partners with Indian brand Radiohead to introduce three new Jimmy’s beverages; Aluminium crisis in Nebraska curtails production of license plates
This week the end-user sector had some affirmative episodes, like Ball Corporation joining hands with the Indian non-alcoholic beverage maker Radiohead Brands to launch three new Jimmy’s sparkling drinks; Tonic Water, Ginger Ale and Classic Lemonade. Aluminium, the gradually growing non-ferrous...
Vedanta Board approves Balco expansion project worth $1 billion
The Indian multinational mining and metal giant Vedanta’s Board has approved the growth expansion project of its subsidiary Bharat Aluminium Company (Balco) at its meeting held on October 28, 2022. A revised cost of $ 72 million (INR 595 crore) has been assessed for expanding Balco's rolled product...
Vedanta’s aluminium wire rod & billet prices accumulate INR9500/t on October 27
Vedanta Limited hiked its aluminium wire rod and billet prices, effective from Thursday, October 27, following a slash of INR 6,000 per tonne on October 22. The company’s aluminium wire rod price witnessed a gain of INR 9,500 per tonne on October 27 to come in at INR 224,750-232,250 per tonne...
NALCO slightly reduces its aluminium ingot price by INR1400/t with effect from October 26
National Aluminium Company Limited (NALCO) has slightly cut its aluminium ingot and aluminium products prices compared to the previous slash last week, October 19. This week, Nalco has reduced its aluminium ingot price by only INR 1,400 per tonne or 0.7 per cent to INR 210,450-213,950 per tonne as...
Hindalco’s aluminium products prices loss INR6000/t on October 22 in line with LME price plunge
Hindalco Industries’ aluminium products prices suffered a loss of INR 6,000 per tonne on October 22, the same amount as they grew by the previous day. Therefore, the company’s aluminium billets price came in at INR 219,600 per tonne on Saturday, October 22, versus INR 225,600 per tonne on Friday,...
Aluminium plays a crucial role in extending the life of Toyota engines
A unique characteristic separates every Indian car manufacturer from its competitors among customers. For instance, Maruti Suzuki is known for its fuel efficiency, Hyundai and Kia for their features, and Mahindra and Tata for their strong build. However, the Japanese car manufacturer Toyota is...
F77 e-motorcycle from Ultraviolette features lithium-ion cells enclosed in an aluminium casing
Ultraviolette Automotive, a Bangalore-based developer of electric two-wheeler vehicles, has revealed the production-spec battery pack that will power its future F77 e-motorcycle a month before its official launch. In contrast to the prototype's detachable battery packs from 2019, the new battery...
Vedanta’s aluminium billet price accumulates INR6000/t on Oct. 21 in response to LME price hike after four days
Vedanta Limited has hiked its aluminium products and aluminium ingot prices with effect from October 21 in response to the LME aluminium price rally after four consecutive days of decline. Vedanta’s aluminium wire rod price has accumulated INR 6,000 per tonne to range between INR 221,250- 228,750...
Balco wins Chhattisgarh Barra coal block bid, reinforcing aluminium production's power security
Bharat Aluminium Company (BALCO), Vedanta's subsidiary company, has been declared the successful bidder for the Barra Coal Block, situated in the Raigarh district of Chhattisgarh under Tranche IV of the commercial coal block auction conducted by the Ministry of Coal, Govt. of India. Considering the...
