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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“BALCO is a strong proponent of leveraging next-generation technology to make its manufacturing process sustainable”, Abhijit Pati, CEO & Director of Bharat Aluminium Company Limited (BALCO)
AlCircle: What is the present situation of BALCO’s capacity and products manufactured? Mr. Abhijit Pati: Bharat Aluminium Company Limited (BALCO) is India’s iconic aluminium producer. It is owned 49% by the Government of India and 51% by Vedanta Limited. BALCO is part of Vedanta’s Aluminium...
Hindalco’s aluminium wire rod & billets prices grow by INR2000/t w.e.f. Feb. 5 in response to LME price increase
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices on Saturday, February 5, in response to the LME aluminium price growth. With effect from February 5, Hindalco’s aluminium wire rod price witnessed a rise of INR 2,000 per tonne or 0.73 per cent from INR 273,850...
“BALCO has been an early adopter of smart technologies for heightened operational efficiencies, which further bolsters the culture of energy optimization, safety, and productivity that we have meticulously fostered across the organization”, Abhijit Pati, CEO & Director of Bharat Aluminum Company Limited (BALCO)
Bharat Aluminium Company Limited (BALCO) was established in 1965 as a Public Sector undertaking in Korba, Chhattisgarh. After its disinvestment in 2001, the Vedanta Group has taken over its management. The plant is hailed as one of India’s greatest disinvestment turnaround success stories, with a...
Hydro completes sale of Kuppam aluminium extrusion plant to Hindalco Industries Ltd.
On Tuesday, February 1, Hydro completed the sale of its aluminium extrusion plant in Kuppam, India, to Hindalco Industries Limited, as was expected in the first quarter of 2022. On December 17, Hydro had signed a Business Transfer Agreement to sell its extrusion operations in Kuppam to Hindalco for...
Ball Beverage Packaging India gets ASI Performance and Chain of Custody Standard Certification
Ball Beverage Packaging at its two operations in Sri City and Taloja, India, has acquired ASI Performance Standard and Chain of Custody Standard Certification for the manufacturing and supply of aluminium can bodies, as well as the procurement and delivery of can ends. The Ball facilities have been...
Safex Chemicals take possession of aluminium phosphide manufacturing firm Shogun Lifesciences
On 3 rd February 2022, the Indian agrochemical industry Safex Chemicals acquired the western India state Gujarat-based aluminium phosphide manufacturer, Shogun Lifesciences through its wholly-owned subsidiary Shogun Organics Ltd. Now, the acquisition compels Safex Chemicals the lone company in...
AAI seeks 25-30 coal rakes per day for viable operations of the aluminium industry
On Wednesday, February 2, the Aluminium Association of India demanded from the government a supply of 25-30 coal rakes per day to ensure viable operations of the aluminium industry. The association informed the government about the availability of coal stocks for only three to four days while...
India’s aluminium scrap imports from India reflect a 13% decline M-o-M in November 2021: USGS
In November 2021, India’s aluminium scrap imports from the United States dwindled by 7,500 tonnes or 13.30 per cent month-on-month to come in at 48,900 tonnes,found the latest US Census Bureau data. In October, the United States aluminium scrap exports to India stood at 56,400 tonnes, up by 22.34...
Union Budget 2022-23: India to manufacture 400 new Vande Bharat trains made of lightweight aluminium
According to announcements made by Finance Minister Nirmala Sitharaman in the Union Budget on Tuesday, India has decided to manufacture 400 new, more efficient Vande Bharat trains in the next three years, taking a decisive step toward engine-less propulsion systems for passenger trains in the...
Ducon Infratechnologies to take on alumina handling and wagon loading package at NALCO
Ducon Infratechnologies Limited, India's premier Fossil Fuel/Coal Clean Technology Business, has announced that National Aluminium Company (NALCO), a Central Government Enterprise, and a Navaratna have awarded the company contracts in its Bulk Material Handling Segment. Ducon will take on Lumpsum...
Hindalco Industries slashes its aluminium ingot price by INR3250/t with effect from February 1
Hindalco Industries Limited slashed its aluminium ingot and aluminium products prices, with effect from Tuesday, February 1, after two consecutive hikes on January 26 and 28. The company cut its aluminium ingot price by INR 3,250 per tonne to INR 264,750 per tonne. On the previous day, January 28,...
AAI addresses ‘Ministry of Coal’ on distressed coal stocks
The Aluminium Association of India (AAI) has addressed the Ministry of Coal urging for the immediate resumption of adequate coal rakes for the highly power-intensive aluminium industry with no assurance of adequate coal supply notwithstanding the stockpiles of coal gushing captiously low, resulting...
MRAI deliver suggestions for Union Budget 2022-23 regarding changes in direct and indirect taxes
The apex body of India, the Material Recycling Association of India (MRAI), which represents the interest of the recycling industry with over 1200 members, comprising most of the Regional Trade/Product Associations with a collective strength of over 20,000 SMEs and large enterprises and directly...
Railway Budget recommends mass manufacture of aluminium coaches
The Railway Budget's recommendations for mass manufacture of aluminium coaches, as well as a gradual shift from steel-bodied LHB coaches to lightweight energy-efficient ones, aim to achieve the national transporter's twin goals of reduced energy usage and increased bauxite loading for aluminium...
Downstream products weekly recap: Jindal Aluminium plans to invest INR 150 crore; European Energy signs PPA with lightweight aluminium components maker 595 Solutions
The downstream sector of the global aluminium industry has been witnessing some amount of investment for expansion this week. Jindal aluminium stated that it will boost up capacities by around 50% primarily across the extrusions vertical. The German wind portfolio of European Energy will supply the...
Union Budget 2022-23: Indian aluminium industry seeks for the removal of cess on coal
The aluminium sector, which has played a vital role in India's V-shaped economic rebound, has asked for the cess on coal to be removed from the Union Budget, which will be delivered on Tuesday, in order to cut increasing electricity costs for manufacturers. In addition, the NITI Aayog has raised...
Golkonda Aluminium Extrusion reports 84% plunge in net profit for December 2021 quarter
Golkonda Aluminium Extrusions, which was formerly known as Alumeco India Extrusion Ltd has reported its standalone financial results for December 2021 quarter with an 83.87% downfall in net profit to INR 0.10 crore as against INR 0.62 crore during the existing quarter ended December 2020. The...
MRAI quote suggestions and recommendations for the ‘Union Budget 2022-23’ in respect to direct and indirect taxes-reg.
The apex national body of India, Material Recycling Association of India (MRAI), representing the interest of the recycling industry with over 1200 members, includes most regional trade/ product associations. The collective strength comprises over 20,000 small, medium and large enterprises,...
