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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Runaya partners with TAHA International to acquire two additional SARAH hot dross processing units
With an aim to increase its refining capacity, Runaya Refining has placed an order for two additional SARAH hot dross processing units from Taha International. The acquisition aims to strategise to employ cutting-edge technology in the manufacturing industry while also preserving the environment....
Hero Lectro’s latest e-cycle variants boast aluminium alloy 6061 frames
Hero Lectro, the premium e-cycle brand of Hero Cycles & e-bikes in India, recently introduced three new variants of their existing C and F series line-ups - the C1, C5x, and F1. The new e-cycles have cutting-edge aluminium alloy 6061 frames for higher structural strength and corrosion resistance....
Vedanta’s aluminium ingot price accumulates INR1250/t on September 21
Vedanta Limited has added INR 1,250 per tonne to its aluminium ingot and aluminium products prices, with effect from Wednesday, September 21. That followed a cut of INR 3,250 per tonne on Tuesday, September 20. On September 21, Vedanta’s aluminium ingot price has come in at INR 207,500- 237,000 per...
Log9 collects US$9.65 million via Amara Raja Batteries’ fundraiser focusing on aluminium-air batteries
Aluminium-air battery developers from India, Log9 materials has raised INR 77 crores or US$9.65 million from Amara Raja Batteries, the second largest automotive battery maker in the country after Exide. This is the second round of investment by 'Amaron' battery makers after the initial fund was...
A well organised IBAAS-JNARDDC 2022 Aluminium conference
The 10th IBAAS conference was inaugurated on 14th September 2022 morning by Mr Bibhu Prasad Mishra, President & Head, Manufacturing Centre of Excellence, Hindalco Industries. Dr Anupam Agnihotri, Director, JNARDDC, Ms Marieke van der Mijn, Director of Partnerships, Aluminium Stewardship Initiative...
US aluminium scrap exports to India jump 243% Q-o-Q to 112,700 tonnes in 2Q2022
According to the US Geological Survey, the United States exported 40,900 tonnes of aluminium scrap to India in June 2022, bringing the total amount of exports in the second quarter to 112,700 tonnes. On a quarter-on-quarter basis, the scrap exports from the US to India in Q2 stood 242.66 per cent...
Vedanta’s aluminium wire rod & billet prices advance by INR3750/t after an intermittent cut
Vedanta Limited increased its aluminium products and aluminium ingot prices on Friday, September 16, following an intermittent fall on the previous day. According to the revised price chart revealed by Vedanta, the company’s aluminium wire rod price saw a hike of INR 3,750 per tonne to stand at INR...
Primary weekly recap: Yunnan orders aluminium producers to reduce power usage in the coming weeks; Russia-Ukraine's geopolitical crisis may enhance Egyptalum's financial performance
According to sources, the Yunnan province in southwest China gave this week's directive to aluminium companies to use less energy. In addition to its captive power plant (CPP) at its Mahan facility, Hindalco Industries, the largest manufacturer of aluminium in India, started producing energy from a...
Vedanta mega aluminium park project’s SPV to be formed expeditiously
Following the announcement of Vedanta's new investment plan in Odisha for around $3 billion (INR 25000), the group is all set to build an aluminium park at Jharsuguda. An investment of $50 million (INR 400 crore) will create a special purpose vehicle (SPV) for the park's development. Initially...
Hindalco’s aluminium wire rod & billet prices experience a cut of INR4750/t on September 15
Hindalco Industries Limited has slashed its aluminium products and aluminium ingot prices, with effect from Thursday, September 15, following a raise on September 10. Hindalco’s aluminium wire rod price has been reduced by INR 4,750 per tonne or 2.17 per cent to sell the product at INR 214,600 per...
Vedanta to infuse $3 billion in Odisha to expand its aluminium, ferrochrome and mining business
On 14 th September 2022, Anil Agarwal, the Chairman of Vedanta Resources stated that his company has new investments of more than USD$3 billion (INR 25,000 crore), as it has plans to expand its aluminium, ferrochrome, and mining businesses in Odisha. The founder of Vedanta Resources made this...
“The shift is happening in India, but globally aluminium is the standard for high-speed, semi-high speed and metro coaches”, Prithish Chowdhary, CMO, Titagarh Group
AlCircle had the opportunity to interview Mr Prithish Chowdhary, Chief Marketing Officer of Titagarh Group, and the discussion centered on manufacturing aluminium train coaches. AlCircle: Can you tell us about Titagarh's journey with its state-of-the-art manufacturing of aluminium coaches, which...
Vedanta Aluminium welcomes Dilip Sinha as its new CHRO
Vedanta, the leading manufacturer of aluminium in India, has appointed Dilip Sinha as the new chief human resources officer (CHRO). In his new position, Sinha, who has 24 years of extensive expertise in human resource management, will oversee all aspects of HR for Vendanta's aluminium company....
Vedanta’s aluminium ingot price grows sequentially to reach INR210500-240000/t on Sept. 10
Vedanta Limited back-to-back increased its aluminium ingot and aluminium products prices, with effect from Saturday, September 10. The company expanded its aluminium ingot price by INR 2,000 per tonne or 1 per cent to INR 210,500-240,000 per tonne. On September 9, the price stood at INR...
“We have seamlessly integrated several smart automations in our plant operations to improve efficiency, increase safety and reduce manual intervention. Our digital dashboards make use of smart analytics for real-time data and trend monitoring of various business operations using thermal image processing”, Abhijit Pati, CEO & Director at BALCO
Abhijit Pati is the Chief Executive Officer & Whole Time Director of Bharat Aluminium Company Limited (Balco). Abhijit Pati has been a name to reckon with the Aluminium industry for the past three decades. He joins Balco after an appreciable stint as Chief Executive Officer of Vedanta Limited,...
India's primary aluminium producers operating margins likely to contract by 400-500 basis points in Q2 FY23: ICRA
On 8th September 2022, India's significant rating agency, ICRA, stated that the country's primary aluminium producers operating margins are likely to contract by 400-500 basis points (BPS) consecutively in the second quarter of 2022-23 on the aspect of high production cost. ICRA Limited (formerly...
Aludecor draws an INR110 Cr. investment plan to boost ACP production for retail & corporate signage demand
Aludecor, a quickly popularising metal composite panel brand from India, honoured the country's Corporate Signage Industry heads in a current industrial event held at the City Luxury Hotel in Delhi. Aludecor has been serving the Indian sub-continent with aluminium composite panels (ACP) for the...
Vedanta’s aluminium ingot price sees a cut of INR4000/t with effect from September 7
Vedanta Limited has again reduced its aluminium ingot and aluminium products prices, with effect from Wednesday, September 7, following an intermittent raise on September 3. With the latest cut, the company’s aluminium ingot price has come in at INR 209,250- 238,750 per tonne, down by INR 4,000 per...
