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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Kosei prefers RUSAL for supply of high-quality Primary Foundry Aluminium Alloys
Kosei, the global wheel and auto components manufacturer has preferred Rusal for the supply of high-quality Primary Foundry Aluminium Alloys, as announced by the leader of the global aluminium industry. Established in 1950, Kosei designs and manufactures wheels, auto parts and components. It has 14...
NALCO’s aluminium ingot and products prices soar by INR5400/t with effect from February 19
National Aluminium Company Limited (NALCO) has continued to increase its aluminium ingot and aluminium products prices for the third time in a row, with effect from Friday, February 19. NALCO is currently selling its aluminium ingot at INR 179,850 – 183,350 per tonne compared to INR 174,450 -...
Hindalco Industries hikes its aluminium billets price by INR 3,750/t
Hindalco Industries Limited has continued to hike its aluminium products price. With effect from Friday, 19 February 2021, wire rods price stands at INR 191,100 per tonne. This is an increase of INR 3,750 per tonne from INR 187,350 per tonne on February 18. The company is selling its aluminium...
Indian state Odisha has prospects to emerge as a global aluminium hub, other mining industries: Chief Minister
On 18 th February 2021, Naveen Patnaik, the Chief Minister of India’s eastern state Odisha, stated that his state has the prospect to emerge as a global hub in aluminium and other mining industries. During the inauguration ceremony of the two iron ore mines at Guali and Jilling in Keonjhar...
Vedanta’s aluminium ingot price grows for the fifth time in a row to INR176,000-189,000/t on February 18
Vedanta Limited has further increased its aluminium ingot and aluminium products prices for the fifth consecutive time, with effect from Thursday, February 18. With the latest hike, Vedanta’s aluminium ingot price has come in at INR 176,000-189,000 per tonne, up by INR 2,000 per tonne or 1.15 per...
Hindalco Industries reports INR 2,000/t hike in aluminium products price
Hindalco Industries Limited has raised its aluminium products price today. With effect from Thursday, 18 February 2021, wire rods price stands at INR 187,350 per tonne, an increase of INR 2,000 per tonne from INR 185,350 per tonne on February 11. The company is selling its aluminium billets at INR...
FY21: NALCO CMD forecasts Aluminium production to cross 4.1 lakh tonne
The National Aluminium Company Limited (NALCO), a Navratna CPSE under Ministry of Mines, Govt. of India has posted higher EBITDA in Q3FY21 driven by a strong performance by the aluminium business piloted by higher LME aluminium prices and favourable costs. Sridhar Patra, CMD, NALCO explained:...
Maan Aluminium reports 3.63% rise in net sales to INR 96.53 Cr. in December quarter 2020
On February 15, 2021, Maan Aluminium has reported net sales/income from operations at INR 96.53 crore for the December quarter in 2020. This is up by 3.63 per cent quarter-on-quarter from 93.15 crore but down by 23.45 per cent year-on-year from INR 126.10 crore. Net profit during the same quarter...
Greece import of Aluminium Stranded Wire during 2018-20 exhibits significant growth
The Greek Economy Outlook for 2021 resembles the continuation of the pandemic is developing a barrier towards predictions, which is almost impossible about the course of the Greek economy. Notwithstanding, the effort of the government to facilitate recovery is being heightened and will...
Hindalco Industries’ aluminium products price rises by INR 1750/t
Hindalco Industries Limited has hiked its aluminium products price by INR 1750 per tonne. With effect from Thursday, 11 February 2021, wire rods price stands at INR 185,350 per tonne, an increase of 0.95%from INR 183,600 per tonne on February 10. The company is selling its aluminium billets and...
BALCO wins the prestigious “Golden Peacock Award 2020” for sustainability
India’s iconic aluminium producer, Bharat Aluminium Co (BALCO) has won the prestigious ‘Golden Peacock Award 2020’. As per the press release on 14 th February 2021, BALCO’s CEO & Director, Abhijit Pati in a virtual ceremony received the Golden Peacock Awards, instituted by the Institute of...
Aluminium forging house “Bharat Forge” reports loss of INR 210 crore for Dec’20 quarter
Bharat Forge, one of the leading aluminium forging house has reported a loss of INR 210.44 crore for the December’20 quarter compared to a profit of INR 40.40 crore in the comparable quarter in the previous year. The company stated that it had to deliver INR 274.26 crore during the quarter towards...
NALCO posts INR 240 crore profit for Q3FY21
On 12 th February 2021, the National Aluminium Company Limited (NALCO) posted a consolidated profit of INR 239.71 crore for the third quarter (Q3FY21) ended 31 st December’20. The Navratna PSU, under Ministry of Mines, Government of India producing alumina and aluminium, had posted a consolidated...
NALCO’s aluminium ingot price soars by over INR4500/t on February 10 in line with 2-years high LME aluminium price
National Aluminium Company Limited (NALCO) has raised its aluminium ingot and aluminium products prices significantly with effect from Thursday, February 11, after reducing them last week. NALCO’s data shows its aluminium ingot price has soared by INR 4,600 per tonne to come in at INR 172,250 -...
Vedanta hikes its aluminium ingot price by INR 1,750/t
Vedanta has hiked its aluminium products price for the fourth time in a row. With effect from Wednesday, 10 February 2021, the prices of some aluminium ingots are in the range of INR 172,250-185,250 per tonne. This marks a growth of INR 1,750 per tonne from INR 170,500-183,500 per tonne on February...
Vedanta unveils Aluminium cylinder head alloy for the auto industry at ACMA
India is rapidly moving to become a global hub for automotive manufacturing, but still, some key components which are required in manufacturing processes are imported. Driving towards a change, Vedanta Limited, India’s leading aluminium producer, announced the formal launch of aluminium cylinder...
Hindalco Industries Q3 profit rises 77% to INR 1,877 crore
On 10 th February 2021, the metals Flagship Company of Aditya Birla Group, Hindalco Industries reported a consolidated profit after tax at INR 1,877 crore for the Q3 ended 31 st December’20, which is up by 77% Y-o-Y and 385% consecutively. Hindalco posted a consolidated profit of INR 1,062 crore in...
Vedanta selling its aluminium ingot higher at INR170,500-183,500/t with effect from February 9
Vedanta Limited has increased its aluminium ingot and aluminium products prices for the third day in a row, with effect from Tuesday, February 9. Aluminium ingot price has been raised by INR 1,250 per tonne from INR 169,250-182,250 per tonne on February 6 to INR 170,500-183,500 per tonne on...
