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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NALCO sharply cuts its aluminium ingot price by INR6250/t with effect from June 22
National Aluminium Company Limited (NALCO) slashed its aluminium ingot and aluminium product prices by INR 6,250 per tonne with effect from June 22. That brought the company’s aluminium ingot price at INR 199,450-202,950 per tonne compared to 205,650-209,150 per tonne on June 11. NALCO’s aluminium...
Odisha coal block allotment will improve power availability and strengthen aluminium operations, says Vedanta
On 22nd June 2021, Vedanta stated that the coal block which has been allotted would deliver fuel security, enhance power availability and also strengthen the aluminium operations, once it gets fully functional. Vedanta released the statement immediately after it emerged as the successful bidder for...
India’s bauxite imports incur a loss of INR 390 crore in Q1 2021, IIVCC data shows
Indian Industrial Value Chain Collective (IIVCC), a group representing organisations involved in the industrial production and consumption supply chain activities across India, released data on Tuesday, June 22, indicating India’s loss from bauxite import activities. In Q1 2021, the country...
Vedanta Limited reduces its aluminium product prices by INR1500/t with effect from June 22
Vedanta Limited has further reduced its aluminium products prices, although lower than the previous, with effect from Tuesday, June 22. Vedanta has cut its aluminium wire rod price by INR 1,500 per tonne or 0.71 per cent from INR 211,000-218,500 per tonne on June 19 to INR 209,500-217,000 per tonne...
Aparna Enterprises plans to invest INR 100 crores to strengthen its aluminium window and door system brand Alteza
On 21st June 2021, the three-decades-old Aparna Enterprises Limited, expertise in the building-materials industry in the Indian market announced its plans to invest INR 100 crore towards bracing its aluminium window and door system brand Alteza in the next 4 years. The investments will be utilized...
Vedanta Aluminium opens a 200-bedded COVID Hospital in Odisha
Vedanta Aluminium Power and Business, India’s largest producer of aluminium and aluminium value-added products, has given a 200-bedded state-of-the-art COVID Hospital to the people of Odisha for timely and proper treatment to the critically ailing patients. Odisha Chief Minister Shri Naveen Patnaik...
India: DGTR endorse finance ministry to impose anti-dumping duty on aluminium foil imports
The Directorate General of Trade Remedies (DGTR) of India has endorsed imposing anti-dumping duty on aluminium foils imports from China, Malaysia, Thailand and Indonesia to counterbalance the dent created to domestic industry from cheaper imports. The finance ministry of India has been recommended...
Alumina weekly recap: Land identification for NALCO’s red mud pond obstructed by residents in Odisha; Australian Securities Exchange grants trading halt to King River Resources ahead release of PFS on Kwinana HPA project
The global aluminium industry’s alumina segment remained heavily eventful this week. National Aluminium Company Limited, Government of India owned integrated and diversified mining, metal and power organisation has been obstructed by residents of a village in Odisha, when government staffs went for...
Weekly aluminium end-user update: India’s integrated metal producing company ‘Shyam Metalics’ looking to diversify in aluminium foil business; Crown Holdings publishes sustainability report for 2020
India’s leading integrated metal company ‘Shyam Metalics’ has revealed its diversification news and stepping its foot in the aluminium foil industry. The company is the largest producer of ferroalloys in terms of installed capacity in India, as of February 2021. While this week also observed Crown...
Vedanta further lowers aluminium wire rod and billet prices by INR4250/t on June 19
Vedanta Limited has reported that it has reduced its aluminium products and aluminium ingot prices for the second time in a row on Saturday, June 19. The company has updated that it is now selling its aluminium wire rod at INR 211,000-218,500 per tonne – 2 per cent or INR 4,250 per tonne lesser...
Hindalco Industries cuts aluminium billets price by INR 1,500/t on June 18
Hindalco Industries Limited has reduced its aluminium products price by INR 1,500 per tonne. With effect from Friday, 18 June 2021, aluminium billets and wire rods prices stand at INR 214,100 per tonne and INR 218,100 per tonne, marking a decline of 0.7% from INR 215,600 per tonne and INR 219,600...
India: Integrated metal producing company ‘Shyam Metalics’ looking to diversify in aluminium foil business
The leading integrated metal producing company based in India ‘Shyam Metalics’ with a focus on long steel products and ferroalloys is looking to diversify in the aluminium foil business. The company is the largest producers of ferroalloys in terms of installed capacity in India, as of February 2021...
Vedanta starts new initiative to aid women due to covid pandemic challenges
Vedanta Limited’s Lanjigarh has started ‘Sashakti Suvidha Kendra’ to help local women sustain their livelihood due to the various challenges posed by the covid pandemic. G.G Pal, Dy. CEO – Alumina Business, inaugurated the initiative along with Javed Khan, Block Program Coordinator, Lanjigarh to...
Hindalco Industries reduces its aluminium products price by INR 3,500/t on June 16
Hindalco Industries Limited has cut its aluminium products price by INR 3,500 per tonne. With effect from Wednesday, 16 June 2021, aluminium billets and wire rods prices stand at INR 215,600 per tonne and INR 219,600 per tonne. This is down by INR 3,500 per tonne from June 12’s price of INR 219,100...
Vedanta slashes its aluminium ingot price by INR 3,500 on June 16
Vedanta has slashed its aluminium products price by more than 1% after marking a hike yesterday. With effect from Wednesday, 16 June 2021, the prices of some aluminium ingots have reduced by INR 3,500 per tonne to stand at INR 207,750-220,750 per tonne, from INR 211,250-224,250- per tonne on June...
Hindalco Industries reports INR 1,500/t hike in its aluminium products price on June 15
Hindalco Industries Limited has raised its aluminium products price for the third time in a row. With effect from Tuesday, 15 June 2021, aluminium billets price and wire rods have come in at INR 219,100 per tonne and INR 223,100 per tonne, an increase of INR 1,500 per tonne from June 12’s price of...
Hindalco Industries’ aluminium billets price stands at INR 217,600/t
Hindalco Industries Limited has continued to increase its aluminium products price. With effect from Saturday, 12 June 2021, aluminium billets price stands at INR 217,600 per tonne. This marks an increase of up 0.93% or INR 2,000 per tonne from INR 215,600 per tonne on June 10. The wire rods and...
India: Maruti Suzuki Toyotsu vehicle dismantling and recycling venture to propel from July 2021
Indian market leader in the four-wheeler automotive segment, Maruti Suzuki and the trading arm of Japanese auto giant Toyota Motors, Toyota Tsusho's vehicle dismantling and recycling joint venture which is labelled as Maruti Suzuki Toyotsu India Private Limited (MSTI), located in Noida, Uttar...
