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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India: SRF to invest INR 425 crores for setting up aluminium foil plant
On 25 th January 2022, the ‘Board of Directors’ of SRF Limited during the meeting has approved setting up an aluminium foil manufacturing plant for an investment of INR 425 crores. SRF Limited is a multi-business chemicals conglomerate engaged in the manufacturing of industrial and speciality...
Robot made from aluminium sheets can be an alternative to human firefighters, Mumbai fire brigade conducts R&D
The fire brigade serving the city of Mumbai, India, Mumbai fire brigade is piloting research and development on the efficiency of its firefighting robot that is considered as an alternative to human firefighters. The body of the robot is made from aluminium sheets which can combat the temperature...
India’s largest aluminium extruder Jindal plans to invest INR 150 crore
The largest aluminium extrusion company of India, Jindal Aluminium is considering investing INR 150 crore-odd over two years, as it counts to initiate on-stream new capacities across its two verticals i.e. extrusions and rolled products. The aluminium downstream company stated that it will boost up...
Aluminium consumption may hike by 10% due to increased demand of electric cars
As India's economy aims to develop at 9% or more in the next years, one of the country's biggest challenges will be to rebalance its energy demands in favour of renewables by 2030, according to the Paris Agreement. This is where the aluminium industry will play a bigger role than it has in the...
Union Budget of India 2022-23: PHDCCI request for re-classification of bauxite and freight cost in the railway tariff structure
With only a few days till the Union Budget 2022, there has been an outpouring of proposals to Finance Minister Nirmala Sitharaman from all corners, notably regarding Railways, which is regarded as India's "lifeline." The PHD Chamber of Commerce and Industry (PHDCCI) has requested that bauxite be...
Primary Aluminium Weekly Recap: WorkSafeBC slams Rio Tinto with $678,889 penalty for air contaminant violation; US, Britain initiate dialogue to resolve aluminium tariff disputes
The news that created a buzz this week was the penalty of $678,889 on Rio Tinto for violation of air contaminants at Kitimat aluminium smelter. The Workers' Compensation Board of British Columbia, operating as WorkSafeBC, imposed the fine following building inspection used for cleaning and...
Exxelia acquires high value stake in aluminium electrolytic capacitor maker Alcon Electronics
The leading designer and producer of high-reliability passive components, Exxelia, which is also the maker of precision subsystems focusing on highly demanding markets, applications and functions, has stated that it has acquired a majority stake in Alcon Electronics for around $100 million. The...
Hindalco’s aluminium wire rod & billets prices see a hike for the third consecutive time by INR3000/t on January 20
Hindalco Industries Limited has continued to increase its aluminium ingot and aluminium products prices for the third time in a row, with effect from Thursday, January 20. Hindalco has raised its aluminium wire rod price by INR 3,000 per tonne from INR 268,100 per tonne on January 18 to INR 271,100...
Vedanta Aluminium, Runaya Refining bags ‘Gold’ at BW Recycling for a Greener Tomorrow Awards 2022
India’s largest producer of aluminium and value-added products, Vedanta Aluminium and start-up manufacturing firm Runaya Refining have secured the ‘Gold’ award at the (Business World) BW Recycling for a Greener Tomorrow Awards 2022 in the category of ‘Best in Recycling or Material Recovery Facility...
BALCO’s significant contribution supporting India in the journey of becoming self-reliant
India’s iconic Aluminium producer, Bharat Aluminium Company Limited (BALCO) apart from setting new benchmarks in the field of production, productivity, research and development, quality and others have also served the society with optimism through its various flagship projects. The momentous...
Primary Aluminium Weekly Recap: Valuation of Lochaber aluminium smelter scales up by £100 million, NALCO puts its 960th potline into operation
Some of the important news spotted in the global primary aluminium industry this week included the valuation of Lochaber aluminium smelter scaled up by £100 million, which was acquired from Rio Tinto Alcan and a very small amount was further invested. The news came on Monday, January 10, after the...
Yantra India plans to set foot in the manufacturing of aluminium aircraft parts
The defence PSU Yantra India Limited (YIL) is also considering setting foot in the manufacturing of aircraft's parts, typically from producing cartridges and shells for the military previously as a foregoing ordnance factory. The Nagpur, Maharashtra headquartered PSU, YIL was formed after the...
Vedanta Aluminium ranks India’s largest industrial consumer of renewable energy in 2021
Renewable energy, which is commonly referred to as clean energy, as it is derived from natural sources or processes that are continuously replenished, for instance, sunlight keeps shining and the wind keeps blowing, even though their obtainability banks on time and weather. The biggest aluminium...
Nalco eventually achieves operation of 100% potlines in its aluminium smelter
The Indian state-owned National Aluminium Company Limited (NALCO) has attained so far another landmark in aluminium smelting. The integrated aluminium company has gainfully put into operation all the 960 potlines at its existing aluminium smelter located at Angul, Odisha. On 12 th January 2022, the...
India’s aluminium scrap imports from US show a 22% hike M-o-M in Oct’2021; Imports in 10 months surge by 43%
In October 2021, India imported 56,400 tonnes of aluminium scrap from the United States, found the Shanghai Metals Market. That was an increase of 10,300 tonnes or 22.34 per cent from 46,100 tonnes in September. In August, India imported 45,300 tonnes of aluminium scrap, meaning the imports in...
Hindalco further hikes its aluminium wire rod & billets prices by INR3500/t with effect from January 7
Hindalco Industries Limited has continued to increase its aluminium products and aluminium ingot prices for the third consecutive day, with effect from Friday, January 7. The company has hiked its aluminium wire rod price by INR 3,500 per tonne, bringing it to INR 260,600 per tonne. A day ago (on...
India govt. needs to reduce basic customs duty on the critical raw materials for aluminium production: PHDCCI
The proactive National Apex Chamber working at the grass-root level and with strong national and international linkages, PHD Chamber of Commerce and Industry (PHDCCI) has urged govt. of India to brush up on the cost structure of the Indian aluminium industry and boost competitiveness in the...
Jindal Aluminium acquires Indo Alusys’ extrusion plant
Jindal Aluminium Limited has completed a Rs 100-crore acquisition of Indo Alusys Industries Limited (IAIL) assets and begun production at the Bhiwadi facility. Along with the assets of IAIL, its manufacturing plant in Bhiwadi, Rajasthan's industrial sector was also purchased. The site, which is...
