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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Hindalco Industries cuts its aluminium wire rod & billet prices for the third day by INR4000/t
Hindalco Industries Limited has back-to-back cut its aluminium products and aluminium ingot prices on October 18 and 19. As per the revised prices revealed, Hindalco’s latest aluminium wire rod price stands at INR 218,850 per tonne on October 19 versus INR 222,850 per tonne on October 18. Today,...
First Indian-manufactured aluminium goods train rake flagged off
On 16th October 2022, the first Indian-manufactured aluminium goods train rake was flagged off from Bhubaneswar in Odisha. In addition to being lighter than its predecessors, it is also more capable of carrying freight. Besco Limited (Wagon Division) manufactured the aluminium-bodied wagons...
Pondy Oxides & Chemicals aims to open aluminium recycling facility in Tamil Nadu
Pondy Oxides & Chemicals, one of India's top secondary lead smelters, is planning to build an aluminium recycling/melting facility at its current location in Sriperumbudur, Tamil Nadu. The project is a part of the company's expansion strategy for 2022, with a projected total expenditure of INR 5...
Hindalco’s aluminium ingot price uptrends by INR 13,750/t after two back-to-back cuts
Hindalco Industries Limited has expanded its aluminium ingot and aluminium product prices in line with the global aluminium benchmark price increase. As of Friday, October 14, Hindalco’s latest aluminium ingot price closed at INR 223,750 per tonne, up by INR 13,750 per tonne from INR 210,000 per...
Vedanta’s aluminium ingot price further shrinks by 2% with effect from October 12
Vedanta Limited has continued to reduce its aluminium ingot and aluminium products prices, with effect from Wednesday, October 12. The company has further axed its aluminium ingot price by INR 5,000 per tonne or 2.3 per cent to INR 212,250- 242,750 per tonne. On the previous day, it stood at INR...
Hindalco Industries cuts its aluminium wire rod & billet prices for the second day by INR5000/t
Hindalco Industries Limited has back-to-back cut its aluminium products and aluminium ingot prices on October 11 and 12. As per the revised prices revealed, Hindalco’s latest aluminium wire rod price is standing at INR 221,100 per tonne versus INR 226,100 per tonne on October 11. Today, the price...
Aludecor adds a third manufacturing facility to its company profile
Kolkata-based Aludecor has established itself as India’s leading aluminium composite panel provider by opening its third manufacturing unit in Haridwar on October 10. Aludecor has invested INR 110 crores in materialising its third manufacturing facility in Haridwar, which has been estimated to...
Vedanta’s aluminium wire rod price suffers a loss of INR5250/t on October 11
Vedanta Limited has axed its aluminium products and aluminium ingot prices, with effect from Tuesday, October 11, following three back-to-back hikes. According to the revised prices revealed, the company’s aluminium wire rod price has seen a slash of INR 5,250 per tonne to range between INR...
GACL aims at making the Indian chemical sector 'Self-reliant'
The Indian chemical substance-producing company, promoted by the Gujarat State Government, Gujarat Alkalies and Chemicals Limited (GACL), has recently accomplished multiple projects to produce new chemicals and broaden the current product lines' capacities. Also, a joint venture with National...
Gravita India starts commercial aluminium production at a new recycling plant in Senegal
Gravita India, Jaipur-based aluminium recycler and alloy ingot producer, has reportedly announced the start of commercial aluminium production at a new recycling plant owned by its step down subsidiary situated in Senegal, West Africa. The plant, with an annual capacity of around 4,000 MTPA,...
Explosion at Atharva Metalcraft manufacturing unit injures 7 workers
On Saturday, October 8, Atharva Metalcraft, a scrap processing facility in Ludhiana, witnessed a severe accident which injured seven people working there. According to the police, the machine used for compressing scrap material exploded, resulting in the blast. Two of the seven workers were...
Google Pixel 7 & 7 Pro to launch in India with 100% recycled aluminium framework
Google is launching its latest series of Pixel phones in India on October 13, Google Pixel 7 and Google Pixel 7 Pro. These new models will be powered by Google’s next-generation Tensor G2 processor with Titan M2 security chip and loaded with the current Android 13 upgrade. Both phones have been...
Vedanta’s aluminium output records 2% growth to 584,000 tonnes during 2QFY23
On Monday, October 3, Vedanta Limited, an Indian multinational mining company, reported that its aluminium production stood at 584,000 tonnes in the second quarter of FY2023 ended September 30. That edged 2 per cent higher than 570,000 tonnes during the corresponding period of the last year. The...
Vedanta’s aluminium ingot price continues to shrink by INR3000/t with effect from September 28
Vedanta Limited has further decreased its aluminium ingot and aluminium products prices, effective from Wednesday September 28, after the previous cut on September 24. The company’s aluminium ingot price has witnessed a decline of INR 3,000 per tonne to INR 199,750- 229,250 per tonne versus INR...
Vedanta receives recognition of 'Made in India' aluminium at ALUMINIUM 2022, Düsseldorf
Vedanta Aluminium, India’s largest and one of the world’s leading producers of aluminium, has reportedly won the title Made in India aluminium at ALUMINIUM 2022 in Düsseldorf, Germany. To express gratitude, Rahul Sharma, CEO of Vedanta Aluminium, said: “As India’s largest producer of aluminium, it...
India's leading quality solar PV module manufacturer plans to invest $600 million
On 26 th September 2022, the Managing Director of the Gujarat-India headquartered Goldi Solar, Ishver Dholakiya, said that India’s leading quality solar PV module manufacturer is planning to invest around $600 million (INR 5,000 crore) by 2025 to proliferate its module manufacturing capacity to 6...
Land dispute postpones MIDHANI’s aluminium alloy project in Nellore district
The aluminium alloy plant that Mishra Dhatu Nigam Limited (MIDHANI) was expected to co-build with NALCO’s expertise on a 110-acre land at Bodduvaripalem, quite close to Nellore city, has not yet seen any progress. Though all the persistent legal issues related to the land acquisition have been...
Vedanta’s aluminium wire rod & billet prices see a drop of INR3250/t with effect from September 24
Vedanta Limited reduced its aluminium ingot and aluminium products prices, with effect from Saturday, September 24, following a rise of INR 2,500 per tonne on the previous day. Vedanta’s aluminium wire rod price saw a cut of INR 3,250 per tonne on September 24 to stand at INR 210,250- 217,750 per...
