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...
Grow with
AL Circle
Greenko to develop green energy facility for an aluminium smelter in India
The most significant clean energy company in India, delivering 17 billion units, Greenko Group, and one of the world's aluminium producers Hindalco Industries, have agreed to build a green energy project in Odisha with a capacity of 375 MW-400 MW. On 11th August 2022, Greenko stated that the...
Vedanta’s aluminium ingot price further accumulates INR4750/t with effect from August 10
Vedanta Limited has once again added INR 4,750 per tonne to its aluminium ingot and aluminium products prices, with effect from Wednesday, August 10. On August 6, the company’s aluminium ingot and products prices also saw a rise of INR 4,750 per tonne. With the latest hike, Vedanta’s aluminium...
Adani Group to invest $5 billion in Odisha to set up an alumina refinery
The Indian multinational conglomerate, Adani Group, which already operates ports, airstrips, mining development and gas distribution businesses in Odisha, has received approval from the state government for building an alumina refinery. As a result of the high-level clearance authority (HLCA) led...
Vedanta plans to invest $2 billion to strengthen its aluminium, oil and zinc capacities
Vedanta Limited, one of the leading oil to metals organisations, has planned to invest $2 billion in aluminium, zinc, oil and gas for FY23. Anil Agarwal, the chairman of Vedanta, stated during a speech at the firm's Annual General Meetings (AGM) that the business is entering the strategic...
Hindalco MD assures uninterrupted aluminium production in India despite declining global outcome
Hindalco’s Managing Director, Satish Pai, assured reporters by saying Indian aluminium makers are not going to downsize or diminish the usual aluminium production rate any time soon, even though their contemporaries worldwide decide to do so. While addressing the reporters, Satish Pai narrated: “We...
India’s Nalco reports 61% leap in net profit for FY23
The Indian state-owned integrated aluminium company National Aluminium Company (Nalco) has reported a 60.6 per cent rise in consolidated net profit to around $70 million (INR 557.91 crore) on a 52.9 per cent increase in net sales to $475.33 million (INR 3783.32 crore) in Q1 FY23 over Q1 FY22. In a...
Maan Aluminium posts 43% yearly growth in net sales to INR 173.16 Cr. for 2QFY23
On Monday, August 8, Maan Aluminium, an aluminium extruded product manufacturing company, has reported a financial result for the second quarter of 2022 ended June 30, revealing year-on-year increase of 43.46 per cent in net sales to INR 173.16 crore versus INR 120.70 crore. On a quarter-on-quarter...
Vedanta’s aluminium billet & wire rod prices witness a hike of INR4750/t after three consecutive falls
Vedanta Limited raised its aluminium products and aluminium ingot price on Saturday, August 6, after three consecutive cuts since July 30. The company added INR 4,750 per tonne to its aluminium billet price to sell the product at INR 232,500 per tonne, with effect from August 6. On August 4, the...
Primary aluminium weekly: GFG Alliance related Lochaber aluminium smelter under huge financial loss; Russia believes infrastructure links with India will boost bilateral trade to $120-150 billion
Russian oligarch Oleg Deripaska is keen on building a business relationship with India, similar to the country has with Europe, aided by connectivity, capital markets, and financial infrastructure. Impending fraudulence charges on GFG Alliance have resulted in the plunder of wealth at Lochaber...
Hindalco back-to-back cuts aluminium wire rod & billets prices by INR3000/t on August 4
Hindalco Industries Limited back-to-back reduced its aluminium products and aluminium ingot prices, with effect from August 4, following a slash of INR 4,250 per tonne on August 3. On August 4, the company cut its aluminium wire rod price by INR 3,000 per tonne or 1.28 per cent to stand at INR...
Runanya's high dross processing volume pays off in improved credit ratings - IND BBB+
Runaya Refining LLP has bagged greater credit ratings of ‘IND BBB+ from India Ratings and Research (Ind-Ra) as against the former ratings of ‘IND BBB’, while its short-term limits have been upgraded to IND A2. The advancement in credit ratings represents Runaya's improvement in net leverage for...
Vedanta cuts its aluminium ingot price for the third time in a row by INR3250/t on Aug. 4
Vedanta Limited has reduced its aluminium ingot and aluminium products prices for the third successive day on Thursday, August 4. The company’s aluminium ingot price has seen a cut of INR 3,250 per tonne to INR 218,750- 250,250 per tonne, which on August 3 witnessed a decline of INR 2,750 per tonne...
Profit-making OMC suffers $7.7 million loss for an incorrect estimate of bauxite floor price
Odisha Mining Corporation (OMC), a gold category Public Sector Undertaking established in India, has reported incurring a loss of INR 61 crore ($7.77 million) due to inaccurate costing of bauxite from the Odisha’s Kodingamali block in Koraput and Rayagada districts. The profit-making OMC’s issue...
US aluminium scrap exports to India heighten by 234.33% in April’22
Aluminium is becoming increasingly popular as a new alternative to steel, especially in the production of electronics, building parts, kitchenware, jar lids and even transportation. In response, companies are using aluminium packaging instead of conventional metal packaging. The shift to a...
Hindalco Industries cuts its aluminium ingot price by INR4250/t with effect from August 3
Hindalco Industries Limited has slashed its aluminium ingot and aluminium products prices, with effect from August 3, 2022. The company has reduced its ingot price by INR 4,250 per tonne or 1.86 per cent to INR 224,000 per tonne on August 3. On July 29, the price came in at INR 228,250 per tonne,...
Vedanta Limited trims aluminium wire rod & billet prices by INR1250/t with effect from July 30
Vedanta Limited trimmed its aluminium products and aluminium ingot prices, with effect from Saturday, July 30, in line with a drop at the end of last week, July 29. Vedanta cut its aluminium wire rod price by INR 1,250 per tonne from INR 233,500- 241,000 per tonne to INR 232,250- 239,750 per tonne....
Russia believes infrastructure links with India will boost bilateral trade to $120-150 billion: Oleg Deripaska
Russia is reportedly willing to build connectivity, capital markets, and financial infrastructure with India, similar to the model built over decades with Europe. According to Russian aluminium tycoon Oleg Deripaska, this relation will benefit both the countries, accentuating bilateral trade to...
Aluminium Formwork: A game-changing technology for residential construction
On 29th July 2022, Larsen & Toubro, the Indian multinational conglomerate company with business interests in engineering and construction, stated that it had developed a 12-storey residential tower with 96 apartments in just 96 days by applying its precast extensive concrete panel technique for...
