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 wire rod and billets prices see a raise of INR2500/t on April 20
Vedanta Limited has raised its aluminium products prices by INR 2,500 per tonne with effect from Tuesday, April 20. The company’s aluminium wire rod price has come in at INR 209,500-217,000 per tonne compared to INR 207,000-214,500 per tonne on April 17, while the price of Vedanta’s aluminium...
Uniseven rolls-out ‘Collector Bar’ for aluminium smelters
The Kolkata based Uniseven Engineering & Infrastructure Pvt Ltd, being a solution provider in the Aluminium value chain business for the last four decades and possess a rich experience in the industry by providing value-added services, is now manufacturing the Collector Bar (CB) that goes into the...
NALCO further expands its aluminium ingot price by INR7000/t with effect from April 16
National Aluminium Company Limited (NALCO) has again raised its aluminium ingot and aluminium products prices significantly after increasing them by INR 6,600 per tonne last week, April 9. With effect from April 16, NALCO’s aluminium ingot price came in at INR 201,250-204,750 per tonne, up by INR...
Vedanta raises its aluminium products prices by over 3% in line with LME aluminium price surge above US$2300/t
Vedanta Limited has increased its aluminium ingot and aluminium products prices for the fifth time in a row with effect from Friday, April 16. In tandem with the continuous surge in LME aluminium benchmark price, the company has sharply increased the prices of its products by INR 7,000 per tonne...
Rwanda’s import of aluminium foil during 2018-20 exhibits unstable movement
The economy of Rwanda is almost dependent on agriculture. More than 90% of the population makes its livelihood by producing food crops or through industrial work involving the processing of crops. Agriculture contributes more than 40% of the nation's GDP. The landlocked country in East Africa has...
Hindalco’s aluminium ingot price sees a sharp rise of INR7000/t with effect from April 16
Hindalco’s aluminium ingot and aluminium products prices have witnessed a steep growth after a week of last raise in tandem with incessant increase in LME aluminium benchmark prices. With effect from Friday, April 16, the company’s aluminium ingot price has come in at 202,500 per tonne, reflecting...
Bangladesh import of aluminium stranded wire during 2019-20 shows exponential growth; 2021 envisions 2% upswing
The economy of Bangladesh has visualized being one of the fastest-growing contenders in the world in context to the past few years, with a stable economic performance that has supported to shrink poverty and social inequalities. The country’s GDP growth was estimated to have reached 8.2% in 2019...
NALCO sharply increases its aluminium ingot price by more than INR6500/t with effect from April 9
National Aluminium Company Limited (NALCO) has sharply raised its aluminium ingot and aluminium product prices with effect from Friday, April 9, following a cut more than a week ago on April 1. NALCO’s aluminium ingot price has come in at INR 194,250-197,750 per tonne, reflecting an increase of INR...
Hindalco Industries raises its aluminium wire rods price by INR 3,000/t on April 9
Hindalco Industries Limited has raised its aluminium products price by more than 1%. With effect from Friday, 09 April 2021, aluminium billets price stands at INR 202,600 per tonne, a growth of 1.5% or INR 3,000 per tonne from INR 199,600 per tonne on April 8. Aluminium ingot and wire rods prices...
Vedanta’s aluminium ingot price stands at INR 195,500-208,550/t on April 9
Vedanta has reported a growth in its aluminium products for the fourth day in row. With effect from Friday, 09 April 2021, the prices of some aluminium ingots have increased by more than 1% or INR 2,750 per tonne from Thursday’s price of INR 192,750-205,750 per tonne. Aluminium price is currently...
Vedanta hikes its aluminium ingot price for the third day in a row
Vedanta has hikes its aluminium products price for the three consecutive days. With effect from Thursday, 08 April 2021, the prices of some aluminium ingots are in the range of INR 192,750-205,750 per tonne. The price has marked a growth of 0.78% or INR 1,500 per tonne from INR 191,250-204,250 per...
Vedanta Aluminium targets 100% utilisation of fly ash through ‘Waste to Wealth’ Programme; helping MSMEs to make fly ash bricks
Vedanta Aluminium & Power Business, India’s largest producer of aluminium and value-added products, is facilitating hundreds of MSMEs in remote rural areas with its innovative ‘Waste to Wealth’ programme. This programme is part of Vedanta’s sustainability goals and commitments toward socio-economic...
Hindalco Industries’ raises its billets price by INR 2,750/t to INR 198,100/t
Hindalco Industries Limited has continued to raise its aluminium products price. With effect from Wednesday, April 7 2021, aluminium billets price stands at INR 198,100 per tonne, an increase of INR 2,750 per tonne from INR 195,350 per tonne on March 31. Aluminium ingot and wire rods prices stand...
Vedanta reports INR 2,500/t hike in its aluminium ingot price
Vedanta has raised its aluminium products price for the second day in a row. With effect from Wednesday, 07 April 2021, the prices of some aluminium ingots stand at INR 191,250-204,250 per tonne, indicating an increase of 1.25% or INR 2,500 per tonne from INR 188,750-201,750 per tonne on April 6....
Karnataka aims at becoming electric vehicle (EV) manufacturing hub; ready to lend support to US-based Triton Electric
Karnataka state in southern India has assured to lend all its support to the US-based Triton Electric for manufacturing electric vehicles (EVs), including cars, in the state. The news came after an official familiar with the matter said in a statement on Monday, April 5, "In a virtual meeting,...
Vedanta hikes its aluminium ingots price by INR 2,250/t
Vedanta has hiked its aluminium products price by INR 2,250 per tonne today. With effect from Tuesday, 06 April 2021, the prices of some aluminium ingots stand at INR 188,750-201,750 per tonne, an increase of 1.16% from INR 186,500-199,500 per tonne on March 31. Billets price has come in at INR...
Fight against COVID-19: BIS approves N95 masks fitted aluminium nose bridge and made from five-layer non-woven fabric-50 GSM
The Bureau of Indian Standard (BIS) has set foot to safeguard the quality of masks production, which is considered as the first line of defence for the fight against Covid-19. According to KV Rao, Head, BIS Hyderabad, it has permitted licence to eight private firms in Telangana, a southern Indian...
Oye Rickshaw raises INR 24 crore to expand e-rickshaw battery swapping stations
According to PTI reports, Oye Rickshaw has raised INR 24 crore to increase smart lithium-ion batteries swapping stations in India. The company aims to be the dominant player in e-rickshaw battery swapping market. Oye Rickshaw, which has 15 active battery swapping stations, will expand to 650 across...
