Vedanta's ₹210b metals push targets India's EV and critical minerals demand
Vedanta is expanding aluminium, copper and other metals capacity as electric mobility and India's demand for critical minerals reshape the domestic materials market. Vedanta Group is putting INR 210 billion (USD 2.21 billion) into metals production and capacity through FY2026, building a broader...
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,...
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“The only organizations and societies that can survive and thrive are the ones that can seize challenges and threats and turn them into opportunities for unprecedented growth”, Abhijit Pati, Chief Executive Officer & Director, Bharat Aluminium Company Limited (BALCO).
When I joined Vedanta’s aluminium plant over a decade back, it was with the dream to work in one of the greatest aluminium smelters on the planet. Over the three decades of my experience in the Indian manufacturing industry, has allowed me to witness the transformation and evolution of the...
NALCO continues to decrease aluminium ingot price by INR1700/t this week
National Aluminium Company Limited (NALCO) has further reduced its aluminium ingot and aluminium products prices with effect from Thursday, January 21. After cutting the aluminium ingot price by INR 2000 per tonne last week on January 16, NALCO this week has narrowed the price by INR 1700 per tonne...
Hindalco, Novelis Chairman Kumar Mangalam Birla remains more optimistic than RBI
Indian business tycoon Kumar Mangalam Birla, the owner of $48 billion Aditya Birla Group has an interesting thought on how the recovery of the Indian economy is being distinguished, as per his view “markets are euphoric and economists are pessimistic.” The thinking which has come from one of the...
Vedanta extends aluminium ingot price cut for the third consecutive day this week by INR2250/t
Vedanta Limited has extended the price cut of its aluminium ingot and aluminium products by INR 2,250 per tonne with effect from January 20, 2021, as the three-month futures of aluminium on the London Metal Exchange continued to shrink till January 19, marking the third consecutive day of fall....
Vedanta Aluminium’s COVID-19 vaccination drive held at Jharsuguda Plant
The aluminium arm of Vedanta Group, Vedanta Aluminium becomes the first in the Group to drive the COVID-19 vaccination program for its medical personnel and healthcare staff. The vaccination program was organised by joining hands with the District Health Administration of Jharsuguda, Odisha. In the...
Hindalco Industries cuts aluminium products price by INR 1,250/t
Hindalco Industries Limited has cut its aluminium products price for the third time in a row. With effect from Tuesday, 19 January 2021, wire rods price stands at INR 179,100 per tonne, down by INR 1,250 per tonne from INR 180,350 per tonne on January 16. The company is selling its aluminium...
Indian Aluminium Industry seeks immediate Govt. support to cross over the challenging phase
The Indian Aluminium Industry is seeking immediate Government support to cross over the challenging phase it is currently facing. This is the Aluminium Industry’s expectations from the upcoming Union Budget 2021. India stands as one of the rapidly growing economies and fastest emerging markets in...
Vedanta further cuts aluminium ingot price by INR2250/t in line with LME aluminium price drop below US$2000/t
Vedanta Limited has further reduced its aluminium ingot and products prices for the second time in a row with effect from Tuesday, January 19. The company is currently selling its aluminium ingot at INR 167,750-180,750 per tonne, down by INR 2,250 per tonne or 1.32 per cent from INR 170,000-183,000...
Hindalco Industries reports INR 1,500/t decline in its aluminium products price
Hindalco Industries Limited has reduced its aluminium products price for the second time in a row. With effect from Saturday, 16 January 2021, wire rods price stands at INR 180,350 per tonne, marking a drop of INR 1,500 per tonne from INR 181,850 per tonne on January 12. The company is selling its...
Utkarsha Aluminium’s land acquisition to gear up: Minister for Industries, state of Andhra Pradesh-India
Mekapati Gautam Reddy, the Minister for industries and Commerce for the Indian state Andhra Pradesh asked the officials to speed up land acquisition for Utkarsha Aluminium Dhatu Nigam Ltd's proposed plant at Kodavalur mandal in Nellore district. On 16 th January 2021, the Minister at his camp...
Long awaiting Indian Oil, Israel’s Phinergy Aluminium-air battery test-drive done on Mahindra Treo
As the petrol and diesel prices are gaining to reach the highest levels in India, providers of eco-friendly motoring in the form of electric vehicles are shoving to the wheel of green mobility. The fresh development on this front comes from Indian city Bangalore-based Mahindra Electric. Mahindra...
Indian Army, DRDO develop the country’s first indigenous 9 mm machine pistol; upper receiver is made from aircraft-grade Aluminium
India has now developed its first-ever indigenously made 9mm machine pistol ‘ASMI”, added another pride to its defence capabilities. The weapon has been jointly developed by the Defence Research and Development Organisation (DRDO) and the Indian Army, as stated by the Ministry of Defence. It has...
NALCO’s aluminium prices shrink by INR2000/t on January 16 in line with sluggish LME aluminium benchmark price
National Aluminium Company Limited (NALCO) has cut its aluminium ingot and products prices with effect from Saturday, January 16, following a significant hike ten days ago on January 6. According to the company’s price update, aluminium ingot price has come in at INR 169,550-173,050 per tonne, down...
Vedanta Limited cuts aluminium ingot price by 1% with effect from January 14
Vedanta Limited again decreased its aluminium ingot and aluminium product prices on January 14 after increasing them on the previous day. With effect from Thursday, January 14, Vedanta slashed its aluminium ingot price by INR 1,750 per tonne or 1.02 per cent from INR 171,750-184,750 per tonne to...
SPUR to build a world-class bike components manufacturing unit with a special focus on hi-end aluminium components
SPUR, a subsidiary of Hero Motors Company and a global bike components manufacturer, will build a world-class manufacturing unit of bike components at the upcoming Hero Industrial Park, aiming at securing a strong position in the global components market. The news came after SPUR announced it on...
Vedanta Ltd adds INR1250/t to its aluminium ingot price on January 13 after a cut last day
Vedanta Limited has raised its aluminium ingot and aluminium products prices with effect from Wednesday, January 13, just a day after reducing the prices by INR 1,500 per tonne. Vedanta is currently selling its aluminium ingot at INR 171,750-184,750 per tonnes, up by INR 1,250 per tonne or 0.73 per...
Hindalco Industries cuts its aluminium products price by INR 1,500/t
Hindalco Industries Limited has cut its aluminium products price following a hike of INR 2,250 per tonne on Saturday. With effect from Tuesday, 12 January 2021, wire rods price stands at INR 181,850 per tonne, a decline of 0.82% from INR 183,350 tonne on January 09. The company is selling its...
Vedanta Aluminium & Power sweeps at the 59th ABCI Awards with a double triumph
Anil Agarwal’s Vedanta Aluminium & Power, India’s largest producer of the aluminium and value-added products, has secured a double win at the recently concluded 59 th Association of Business Communicators in India (ABCI) Awards 2020. Vedanta Aluminium & Power Business bagged the Bronze Award for...
