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 Resources contributes $4.7 billion to Indian exchequer in FY20, says Anil Agarwal
The globally diversified mining and metal firm Vedanta Resources has stated that it contributed $4.66 billion to the public exchequer in India during the FY20. According to the latest report, Vedanta Resources said: “Overall contributions to public exchequers of various countries stood at $4.7...
JNARDDC invents a technology to extract Rare Earth Elements from Red Mud under Atmanirbhar Bharat Mission
Under Atmanirbhar Bharat Mission, city-based institute Jawaharlal Nehru Aluminium Research Development Design Centre (JNARDDC) has innovated a distinct technology to extract Rare Earth Elements (REE) from aluminium waste (Red Mud), in an attempt to reduce India's import dependence on China for REE....
Sri Lanka’s import of Aluminium Foil during 2019-20 reveals significant growth; 2021 import hints for further positive development
The unrivalled disruption of COVID-19 has caused geopolitical unrest and as the global order is modified, small emerging market economies like Sri Lanka are exposed to the fallout. Sri Lanka bestrides vital shipping routes and is at the centre of a diplomatic dispute between China and the United...
Govt. of India: Ministry of Commerce mandates import registration compulsory on a score of aluminium products
The Ministry of Commerce, Govt. of India has mandated import registration compulsory for 43 aluminium and 46 copper items under non-ferrous metal import monitoring system. This is a move to boost domestic production and obstruct imports of such goods. As per the notification of the department of...
NALCO reduces its aluminium ingot price by INR1000/t on April 1 after two consecutive weeks of hike
National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium products prices with effect from Thursday, April 1, following a sharp rise of INR 5,000 per tonne last week on March 27. The company has decreased its aluminium ingot price by only INR 1,000 per tonne this week...
ANG Lifesciences India acquires aluminium foil among others printing-packing firm under Corporate Insolvency Resolution Plan
On 3 rd April 2021, ANG Lifesciences India Ltd announced its acquisition of printing and packaging firm, Mansa Print & Publishers Ltd, which has undergone corporate insolvency resolution plan, as part of its strategic vertical integration. Mansa Print & Publishers Ltd, located at Baddi in Himachal...
NALCO scales all-time high by achieving the highest-ever bauxite production in 2020-21
The National Aluminium Company Limited, a Navratna CPSE having integrated and diversified operations in mining, metal and power under the Ministry of Mines, Government of India have registered all-time highest in bauxite production of 73,65,001 tonnes since its inception. This is counted as an...
Vedanta cuts aluminium wire rod and billet prices by INR1500/t with effect from March 31
Vedanta Limited has reduced its aluminium products and aluminium ingot prices with effect from March 31, following a raise on March 27. Vedanta’s aluminium wire rod price has come in at INR 194,000-201,500 per tonne, down by INR 1,500 per tonne or 0.77 per cent from INR 195,500-203,000 tonnes on...
Hindalco reduces aluminium products prices by INR1500/t on March 31 in line with lower LME aluminium price
Hindalco Industries Limited has reduced its aluminium products and aluminium ingot prices with effect from Wednesday, March 31, following two consecutive hikes on March 25 and March 27. Hindalco’s aluminium wire rod price has come in at INR 199,350 per tonne, down by INR 1,500 per tonne or 0.75 per...
US aluminium scrap exports reflect a 5% rise YoY to 153,000t in Jan 2021 but exports to India decline 17% to 24,100 tonnes
The United States aluminium scrap exports started the year in January 2021 with a month-on-month decline of 3,000 tonnes or 1.92 per cent. From 156,000 tonnes in December 2020, the exports decreased to 153,000 tonnes in January 2021. But nevertheless, on a year-on-year basis, the US aluminium scrap...
Vedanta raises its aluminium ingot price by INR 2,500/t
Vedanta has raised its aluminium products price by more than 1% today. With effect from Saturday, 27 March 2021, the prices of some aluminium ingots came in at INR 188,000-201,000 per tonne, an increase of 1.29% or INR 2,500 per tonne from INR 185,500-198,500 per tonne on March 25. Billets price...
Aluminium a metal of strategic importance to the nation and vital raw material for key industries, says BALCO Chief
Mr Abhijit Pati, CEO and Director of BALCO explained how India’s iconic Aluminium & Power producer countered the unconventional situation which occurred due to the COVID-19 pandemic and forced to shape the business more sturdily and pursue the momentum of growth. Mr Pati, a person to reckon with...
Eyeing on the application of graphene in Aluminium smelters, Tirupati Graphite bolsters team strength
Tirupati Graphite, a fully integrated specialist graphite and graphene producer, with operations in Madagascar and India, has further strengthened its team across three business units to brace its growth. Tirupati has appointed Dr SK Biswal, a scientist and technocrat specialising in the field of...
Vedanta’s aluminium ingot price nosedived by INR4000/t on March 24 but gained 1% on March 25 to settle at INR185500-198500/t
Vedanta Limited slashed its aluminium ingot and aluminium products prices by INR 4,000 per tonne with effect from March 24, following a hike of INR 3,500 per tonne on March 23. That brought the company’s aluminium ingot price to INR 183,250-196,250 per tonne from INR 187,250-200,250 per tonne on...
Vedanta hikes its aluminium ingot price by INR 3,500/t
Vedanta has hiked its aluminium products price by around 2% today. With effect from Tuesday, 23 March 2021, the prices of some aluminium ingots stand at INR 187,250-200,250 per tonne. The price registered an increase of INR 3,500 per tonne from INR 183,750-196,750 per tonne on March 18. The company...
Vedanta Aluminium bags three Kalinga Safety Excellence Awards for success in safe operation
According to a recent report, Vedanta Aluminium, India’s largest producer of aluminium and value-added products, has won three Kalinga Safety Excellence Awards for the performance year 2019 at Odisha State Safety Conclave 2020. Vedanta’s Jharsuguda unit has bagged the coveted Gold Award for safe...
Vedanta aluminium price marks growth of INR 2,500/t on March 18
Vedanta has registered a hike of 1.32% in its aluminium products price on March18. With effect from Thursday, 18 March 2021, the prices of some aluminium ingots stand at INR 183,750-196,750 per tonne, an increase of 1.32% or INR 2,500 per tonne from INR 181,250-194,250 per tonne on March 17. The...
Hitachi ABB Power Grids receives INR 124-crore order from India’s aluminium company BALCO
Hitachi ABB Power Grids in India has received a contract worth over INR 124 crore from Bharat Aluminum Company (BALCO) to strengthen its power infrastructure at its Korba plant in Chhattisgarh. Hitachi ABB Power Grids will supply fully engineered 400-kilovolt gas-insulated switchgear (GIS)...
