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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Moksh pairs aluminium from retired aircraft with gold to make sustainable jewellery
The Mumbai-India based Moksh is making headlines with its sustainable approach of making ornaments with reclaimed aluminium from abandoned aircraft. The company transforms uncommon materials into art pieces with the help of a specific technology. Its recent innovation, ‘Shourai’, meaning ‘the...
US aluminium scrap exports to India in 1Q2022 record a drop of 13.87% to halt at 105,000 tonnes
According to the USGS data, the United States exported a total of 105,000 tonnes of aluminium scrap to India in 1Q2022, which on a Y-o-Y calculation recorded a drop of 378,000 tonnes or 78.26 per cent from 483,000 tonnes in 1Q2021. On the M-o-M forefront, the amount of aluminium scrap exported to...
Vedanta’s aluminium wire rod price sees a hike of INR3750/t or 1.5% on June 7
Vedanta Limited further expanded its aluminium products and aluminium ingot prices, with effect from Tuesday, June 7. The company’s wire rod price saw a hike of INR 3,750 per tonne or 1.5 per cent on Tuesday to come in at INR 253,500-261,000 per tonne. On June 5, Vedanta’s aluminium wire rod price...
Hindalco's alumina production grows by 20% in FY22 following a capacity expansion at its Utkal refinery
As a result of increased capacity at the Utkal alumina refinery in India's eastern state of Odisha, Hindalco Industries has increased its alumina output by 20% for FY22. On 16th September 2021, Naveen Patnaik, the Chief Minister of Odisha virtually inaugurated Utkal Alumina refinery’s expansion of...
Vedanta Aluminium highlights its sustainable journey to green aluminium on the World Environment Day
Commemorating the World Environment Day on June 5, 2022, Vedanta Aluminium, India’s leading aluminium producer, said business growth and sustainable development go hand-in-hand. On the same occasion, Rahul Sharma, CEO of Vedanta Aluminium, said certain initiatives of the company related to climate...
India won’t initiate countervailing duty on certain aluminium products from Malaysia
Following a complaint from the Indian aluminium industry, the commerce ministry's investigative arm, Directorate General of Trade Remedies (DGTR), undertook an examination into suspected export subsidies by Malaysia on 'aluminium primary foundry alloy ingot in various forms' and recommended...
Vedanta’s Jharsuguda aluminium smelter receives 27 electric forklifts
In partnership with GEAR India (Gemini Equipment and Rentals Private Limited), Vedanta Aluminium, one of the largest producers of aluminium in India, stated that it has put in place India’s largest electric fleet of 27 forklifts at its Jharsuguda aluminium smelter in Odisha, which is the world's...
Vedanta heightens its aluminium ingot price by INR2750/t or 1% with effect from May 31
Vedanta Limited expanded its aluminium ingot and aluminium products prices, with effect from Tuesday, May 31, following a cut last week on May 26. The company heightened its aluminium ingot price by INR 2,750 per tonne or 1 per cent to the range of INR 255,500 – 291,200 per tonne versus INR...
Hindalco wants to expand its downstream segment by bringing Novelis to India
Hindalco Industries, an Aditya Birla Group company, recorded a historic profit of INR 13,370 crore in FY2022. The company has decided to expand its downstream segment with the aim of bringing Novelis (the world's largest aluminium firm) in India by reinvesting the profits for the same. This year,...
Hindalco’s aluminium wire rod and billets prices escalate by INR2750/t after back-to-back cuts
Hindalco Industries Limited has revised its aluminium products and aluminium ingot prices this week, which, as per the data, has been ascended after back-to-back cuts on May 25 and May 26. With effect from May 31, Hindalco has increased its aluminium wire rod price by INR 2,750 per tonne to INR...
Indian Railways’ Northeast Frontier zone introduces new rakes with aluminium interiors to ensure safety and comfort
As a major step to enhance passenger safety and comfort, Indian Railways' Northeast Frontier Railway (NFR) zone has switched from traditional rakes to LHB rake designs in order to revamp passenger safety and comfort. The Linke Hofmann Busch (LHB) coaches are the passenger coaches of Indian Railways...
Downstream products weekly recap: Hindalco earns a historic profit of INR 13,730 crore in FY2022; TRA proposes to shield the UK aluminium extrusion industry from Chinese imports
The global aluminium industry’s most vital segment is the downstream part, which converts aluminium into manufacturing feedstock. Hindalco Industries Limited books a record profit for FY22, attributing to robust performance in the downstream business. According to the TRA, aluminium extrusion...
Hindalco back-to-back cuts its aluminium wire rod & billet prices by total INR11500/t
Hindalco Industries Limited slashed its aluminium products and aluminium ingot prices back-to-back this week, following incessant hikes since May 13. On May 25, Hindalco reduced its aluminium wire rod price by INR 6,750 per tonne to INR 268,850 per tonne and extended the cut by INR 4,750 per tonne...
Hindalco earns historic profit of INR 13,730 crore in FY2022, attributing to robust performance in downstream business
On Thursday, May 26, Hindalco Industries Limited reported the consolidated fourth quarter and full-year financial results for 2021-22, revealing highest-ever profits. Its consolidated PAT peaked to a record high at INR 3,851 crore in 4QFY22, a 100 per cent growth year-on-year. In the entire year,...
IDCO to build mega aluminium park in Angul by acquiring 300 acres of additional land beside existing park
The Odisha Industrial Infrastructure Development Corporation (IDCO) is reportedly planning to develop the aluminium business park in Angul near the existing park. An additional 300 acres of land will be acquired beside the existing 223 acres to establish a mega park. The news followed the cabinet...
MetalX buys SRT Aluminum in Wabash, expands operation in northeast Indiana
MetalX, a scrap metal recycler based in Fort Wayne, Indiana, has decided to buy SRT Aluminum’s assets and operations in Wabash, Indiana. As per MetalX, the Wabash factory produces 75,000 tonnes of sow and ingot each year using electric induction and reverb furnaces. As a result of this agreement,...
Vedanta’s aluminium wire rod & billet prices escalate by INR2750/t with effect from May 24
Vedanta Limited continued to increase its aluminium products and aluminium ingot prices by INR 2,750 per tonne or 1 per cent, marking the fifth consecutive hike. With effect from Tuesday, May 24, Vedanta’s aluminium wire rod price grew to INR 271,750 – 279,250 per tonne from INR 269,000 – 276,500...
Wheels India aims to expand its aluminium wheels business, plans to invest INR 155 crore in FY23
Headquartered in Chennai, Wheels India, one of the largest steel wheel manufacturers in India, has planned to invest around INR 155 crore in the current fiscal year (2022-2023) to expand its aluminium wheels business and construction equipment. The company has also planned to invest an additional...
