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 reports INR 2,750/t hike in its aluminium ingot price on May 11
Vedanta has raised its aluminium products price for the sixth time in a row. With effect from Tuesday, 11 May 2021, the prices of some aluminium ingots have come in at INR 216,750-229,750 per tonne, indicating a growth of 1.3% or INR 2,750 per tonne from INR 214,000-227,000 per tonne on May 8. The...
Vedanta Aluminium banking on Smart Technology and Digital Solutions to sustain production amid COVID
Vedanta Aluminium & Power Business has accelerated the use of cutting-edge technologies and digital solutions to protect the workforce against the COVID-19 and sustain production to meet India’s needs for aluminium. The news came after Vedanta said that it integrated the best-in-class digital...
Vedanta raises its aluminium ingot price by INR 2,750/t on May 8
Vedanta has raised its aluminium products price for the fifth time in a row. With effect from Saturday, 08 May 2021, the prices of some aluminium ingots have increased by 1.3% or INR 2,750 per tonne to stand at INR 214,000-227,000 per tonne from INR 211,250-224,250 per tonne on May 7. The company’s...
Vedanta’s aluminium ingot price grows for the fourth time in a row by 1.5% w.e.f. May 7
Vedanta Limited has expanded its aluminium ingot and aluminium products prices for the fourth time in a row, with effect from Friday, May 7. The last raise was a week ago, on April 30, by INR 2,250 per tonne. This week, Vedanta’s aluminium ingot price has witnessed an increase of INR 3,250 per...
Hindalco's aluminium billets and aluminium wire rod prices build-up INR3250/t on May 7
Hindalco Industries Limited has continued to increase its aluminium products and aluminium ingot prices with effect from May 7. Hindalco’s aluminium billets price this week has witnessed a hike of INR 3,250 per tonne or 1.51 per cent to INR 218,600 per tonne, in comparison with INR 215,350 per...
Vedanta Aluminium & Power Business vaccinated more than 7500 people at its plant
Vedanta Aluminium & Power Business has announced that more than 7500 of its people received COVID vaccine across its plants. The company has also increased the capacity of its COVID Care Centres and quarantine in Odisha and Chhattisgarh to handle the pandemic scenario around its areas of...
Aluminium industry set to witness demand surge with the growth of domestic EV sector, says top executives of Indian Aluminium Industry
The aluminium industry is set to witness a demand surge with the growth prospects supplied by the domestic-grown electric vehicle sector, as this has been widespread news around the EV, which has shifted the spotlight on the conventional aluminium industry. Aluminium as a metal is not just the...
NALCO’s aluminium ingot price grows for the fourth time in a row by INR1800/t with effect from May 1
National Aluminium Company Limited (NALCO) grew its aluminium ingot and aluminium products prices for the fourth time in a row with effect from Saturday, May 1, 2021. NALCO’s aluminium ingot price witnessed a hike of INR 1,800 per tonne or 0.88 per cent to INR 206,850-210,350 per tonne. Earlier on...
Alufluoride commences new expanded aluminium fluoride plant at Visakhapatnam
Alufluoride Limited has reportedly started the commercial production of Aluminium Fluoride plant at Visakhapatnam with effect from Saturday, May 1. The news came after the company informed the exchange regarding the commencement of its business operations. Alufluoride confirmed that it would...
TAKRAF installs India’s longest overland conveyor system for Utkal Alumina refinery to transport bauxite
The technological solution provider to the global mining and minerals industries TAKRAF has designed and installed India’s longest overland conveyor system, for the Greenfield project of Hindalco-owned Utkal Alumina refinery. The project worked by the TAKRAF’s India office included the longest...
Vedanta’s aluminium ingot price grows by INR 2,250/t on April 30
Vedanta has reported a growth in its aluminium products by INR 2,250 per tonne. With effect from Friday, 30 April 2021, the prices of some aluminium ingots have increased by more than 1% to stand at INR 208,000-221,000 per tonne from INR 205,750-218,750 per tonne on April 23. The company’s billets...
Ball Corporation sees growth in its Indian aluminium packaging business on higher demand from new segments
Ball Corporation, a leading provider of innovative, sustainable aluminium packaging for beverage, personal care and other products, expects a significant growth in its aluminium packaging business in India as new segments such as sparkling water, wine and hard spirits are switching to aluminium...
NALCO increases aluminium wire rod and billets prices for the third consecutive week by INR3800/t
National Aluminium Company Limited (NALCO) has expanded its aluminium products and aluminium ingot prices with effect from Tuesday, April 27. This marks the third consecutive week of NALCO’s aluminium price hike. With the latest raise, NALCO’s aluminium wire rod price has come in at INR...
India’s electric vehicle sales declined 20% to 2,36,802 units in FY2020-21
India’s sales of EVs declined 20 per cent to 2,36,802 units in the financial year 2020-21, from 2,95,683 units in the financial year 2019-20 as per data revealed by the Society of Manufacturers of Electric Vehicle (SMEV). SMEV Director-General Sohinder Gill said, "we were anticipating a good growth...
Indian Scientists develop a new cost-effective aluminium scrap recycling technology, inspired by ‘Make in India’ initiative
According to a recent report, a team of scientists in India has developed a new cost-effective and efficient aluminium scrap recycling technology that reduces material losses in the process. This new technology can be used by tiny & cottage industries, small-scale industries, MSME aluminium...
India’s aluminium scrap imports from the US stands 12.86% higher MoM in February; Imports drop 17% in Jan-Feb
India’s imports of aluminium scrap from the US stood at 27,200 tonnes in February 2021, with a year-on-year decrease of 17.33%. India had imported 32,900 tonnes in February 2020. On a monthly basis, imports increased by 12.86% from 24,100 tonnes in January 2021, as updated by the US Census Bureau....
Aditya Aluminium’s “Swabalmb” initiative lending help to become Self-Reliant
Hindalco’s Aditya Aluminium is reportedly conducting vocation trainings through its CSR project “Swabalmb” in Sambalpur’s Lapanga village to help people become self-reliant. The end objective is to make them employable. The project rolled out in October 2020 and until now, over 270 youngsters have...
Vedanta raises its aluminium wire rod and billets prices by INR3750/t on April 23
Vedanta Limited has raised its aluminium products and aluminium ingot prices by INR 3,750 per tonne with effect from Friday, April 23. Hence, the company is now selling its aluminium wire rod price at INR 213,250-220,750 per tonne compared to INR 209,500-217,000 per tonne on April 20. Vedanta’s...
