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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Vedanta’s aluminium ingot price sees a further rise of INR1750/t with effect from June 15
Vedanta Limited has further increased its aluminium ingot and aluminium products prices for the fifth time in a row, with effect from Tuesday, June 15. Vedanta’s aluminium ingot price has been raised by INR 1,750 per tonne or 0.80 per cent to INR 211,250-224,250 per tonne as of June 15. On...
Sri Lanka’s import of aluminium cans during 2018-20 displays rapid growth
The economy of Sri Lanka has been envisioned with a significant growth by the Asian Development Bank’s (ADB) flagship annual economic publication as the domestic and global economic activity strengthens and vaccination campaigns gather momentum domestically and abroad. The pearl-shaped island...
Land identification for NALCO’s red mud pond obstructed by residents in Odisha
The Dengajaniguda village in Odisha under Dasamantpur block of Koraput district witnessed restlessness as local inhabitants obstructed the government revenue officials from pin-pointing land for Nalco’s red mud pond. It has been reported that since 11th June 2021, the villagers are geared up with...
Vedanta increases its aluminium wire rod price for the fourth time in a row by INR2500/t on June 12
Vedanta Limited increased its aluminium products and aluminium ingot prices for the fourth time in a row with effect from Saturday, June 12. Vedanta’s aluminium wire rod price came in at INR 217,000-224,500 per tonne, up by INR 2,500 per tonne or 1.16 per cent from INR 214,500-222,000 per tonne on...
India’s iconic aluminium producer ‘BALCO’ reducing carbon footprint through next-generation technology
The iconic aluminium producer of India, Bharat Aluminium Company (BALCO) is a strong promoter of leveraging next-generation technology to model its manufacturing process sustainable and reducing carbon footprint. BALCO has reduced its power consumption in its ‘potline 1’ at its aluminium smelter in...
Rising price of aluminium and other commodities steering renewable energy projects costlier: Industry experts, India
The striking rise in prices of the commodities such as aluminium and copper among others, which are heavily used in the renewable energy industry as raw materials are steering the projects to get costlier, as said by the Industry experts in India. The aluminium has surged 22%, while the copper...
Hindalco Industries raises its aluminium billets price by INR 2,000/t on June 10
Hindalco Industries Limited has hiked its aluminium products price by INR 2,000 per tonne. With effect from Thursday, 10 June 2021, aluminium billets price stands at INR 215,600 per tonne, up 0.94% from INR 213,600 per tonne on June 9. The wire rods and aluminium ingots prices have increased by INR...
NALCO’s aluminium wire rod and billets prices see a cut of more than 1% with effect from June 8
National Aluminium Company Limited (NALCO) has reduced its aluminium products and aluminium ingot prices with effect from Tuesday, June 8, a week after it significantly raised its aluminium products prices on June 1. NALCO’s aluminium wire rod price has witnessed a cut of INR 3,400 per tonne or...
Vedanta further hikes its aluminium ingot price by INR 2,000/t
Vedanta has further expanded its aluminium products price by nearly 1%. With effect from Thursday, 10 June 2021, the prices of some aluminium ingots have climbed by INR 2,000 per tonne to stand at INR 207,000-220,000 per tonne, from INR 205,000-218,000- per tonne on June 9. The billets price stands...
Vedanta’s aluminium ingot price sees a rise of INR1500/t with effect from June 9
Vedanta Limited has expanded its aluminium ingot and aluminium products prices for the second time in a row since the last cut on June 4. With effect from Wednesday, June 9, Vedanta has increased its aluminium ingot price by INR 1,500 per tonne to INR 205,000-218,000 per tonne. The company is...
Manaksia Aluminium reports a 19.46% increase in net profit in Q4 FY21 but a plunge of 154% in entire year
Manaksia Aluminium Company Limited, a producer of aluminium rolled products in coil and sheet form, has reported an increase of 35.14 per cent in its total income in the fourth quarter of fiscal 2021 ended on March 31. From INR 66.70 crore in Q3, Manaksia’s total income in Q4 rose to INR 90.14...
IIT Delhi dept. of Management Studies bags first edition of ‘Ball Beverage Packaging India’s Sustainable Circular Challenge’
On 8th June 2021, the world's leading provider of innovative, sustainable aluminium packaging for beverage, personal care and household products, Ball Beverage Packaging announced the winner of the first edition of its Sustainable Circular Challenge. In association with Green Dream Foundation, Ball...
Hind Aluminium Industries reappoints Shailesh Daga as Managing Director
On 8th June 2021, the manufacturer of aluminium and alloy conductors and aluminium wire rods, Hind Aluminium Industries, has made public the reappointment of Shailesh Daga as the Managing Director of the company. Hind aluminium caters for a wide range of power transmission and distribution...
India Ratings and Research upgrades Runaya’s rating to ‘IND BBB’ from ‘IND BBB-’
Runaya has announced that India Ratings and Research (Ind-Ra) upgraded the company’s long-term issuer rating to ‘IND BBB’ from ‘IND BBB-’. The upgradation is due to substantial improvement in operational performance of the company. "India Ratings and Research... has upgraded Runaya long-term issuer...
10th International Aluminium Conference & Exhibition (IBAAS-JNARDDC 2022) on February 2-4, 2022
In view of the current global COVID-19 situation and travel restrictions, the organizing committee of International Bauxite, Alumina & Aluminium Society (IBAAS) in consultation with Aluminium companies have decided to postpone 2021 event to February 2-4, 2022 . There will be no change in conference...
ISGEC Heavy Engineering assumes Operations & Maintenance of a leading Alumina Refinery in Odisha
On Friday, June 4, ISGEC Heavy Engineering Limited announced that it successfully acquired the Operations and Maintenance of a 3X30 MW cogeneration plant for one of the leading alumina refineries in Odisha, with effect from June 1, 2021. ISGEC also said that amid the pandemic it mobilised a team of...
Indian scientists develop environment-friendly process amplifies exhaust life of aluminium alloy utilized in aerospace parts
The scientists of India have developed an environment-friendly procedure that can deliver excellent corrosion resistance to high-strength aluminium alloys exhaustively used in aerospace, textile, and automotive applications. The process, labelled micro-arc oxidation (MAO), implies an...
Zomato plans to adopt 100% electric vehicles by 2030
Indian multinational restaurant aggregator and food delivery company Zomato announced its plans to adopt 100% electric vehicles for delivery by 2030 as it joins ClimateGroup’s global electric mobility initiative. The company aims to cut its carbon footprint with this initiative. Picture shown is...
