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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Vedanta reports INR 1,500/t decline in its aluminium ingot price
Vedanta has reduced its aluminium products price after hiking it on January 9. With effect from Tuesday, 12 January 2021, the prices of some aluminium ingots are in the range of INR 170,500-183,500 per tonne, marking a decline of INR 1,500 per tonne from INR 172,000-185,000 per tonne on January 09....
Hindalco Industries’ aluminium products price grows by INR 2,250/t
Hindalco Industries Limited has raised its aluminium products price by INR 2,250 per tonne on Saturday. With effect from 09 January 2021, wire rods price stands at INR 183,350 per tonne, an increase of 1.24% from INR 181,100 tonne on January 8. Aluminium billets price has hiked to stand at INR...
Bharat Heavy Electricals Limit receives INR 450 Crore contract for NALCO Alumina Refinery Expansion Project
Bharat Heavy Electricals Limited (BHEL) has been awarded INR 450 Crore order from National Aluminium Company Limited (NALCO). The contract covers design, engineering, manufacturing, supply, erection, testing and commissioning of 1x300 TPH Coal Fired Boiler, 18.5 MW Steam Turbine Generator and...
Vedanta raises its aluminium products prices by INR2250/t following an intermittent cut
Vedanta Limited increased its aluminium products and aluminium ingot prices with effect from Saturday, January 9, following an intermittent cut on Friday, January 8. That marked the fifth consecutive day since Tuesday, January 5, that Vedanta revised its aluminium products and ingot prices. With...
Jindal Aluminium predicts international demand to rise with emerging markets
India’s largest aluminium extrusion company with a legacy spanning 50 years, Jindal Aluminium Ltd. has not observed any aftermath on its exports and predicts the international demand to rise with the emerging markets, commented by Managing Director, Pragun Jindal Khaitan. Mr Khaitan acclaimed that...
Vedanta Aluminium bags ‘Most Innovative Best Practice’ Award for Digital Smelter Project
India’s largest producer of Aluminium and value-added products, Vedanta Aluminium secured the ‘Most Innovative Best Practice’ Award at the Digital Transformation (DX) Summit & Awards 2020. The event organized by CII – Centre for Digital Transformation (CDT), the DX Award delivers a prestigious...
US aluminium scrap exports to India continue to rise by 9% M-o-M and 91% Y-o-Y to 38,700 tonnes in Oct’20
The US Geological Survey found the United States aluminium scrap exports to India continued to rise in October 2020 as well. From 35,500 tonnes in September, the exports grew to 38,700 tonnes, an increase of 9 per cent month-on-month. On a year-on-year calculation, the exports in October soared by...
Vedanta sharply cuts its aluminium products prices by INR4,500/t after three consecutive hikes
Vedanta Limited has decreased its aluminium ingot and aluminium products prices with effect from Friday, January 8, following the three consecutive days of hike. The company’s aluminium ingot price is now hovering at INR 169,750-182,750 per tonne, down by INR 4,500 per tonne from INR...
National Aluminium Company to invest INR 30,000 crore for expansion and diversification: Pralhad Joshi
On Thursday, January 7, Pralhad Joshi, Union Minister of Coal & Mines and Parliamentary Affairs, affirmed that National Aluminium Company Ltd (NALCO) would invest INR 30,000 crore for expansion and diversification in the next six to seven years. Joshi, while addressing the 41st Foundation Day event...
Vedanta’s aluminium ingot price stands at INR 174,250-187,250/t with effect from January 7
Vedanta has risen its aluminium products price for the third time in a row. With effect from Thursday, 07 January 2021, the prices of some aluminium ingots are in the range of INR 174,250-187,250 per tonne, representing a growth of INR 3,000 per tonne from INR 171,250-184,250 per tonne on January...
NALCO increases aluminium ingot price by INR4100/t on January 6 after two consecutive declines
National Aluminium Company Limited (NALCO) has raised the prices of its aluminium ingot and aluminium products with effect from Wednesday, January 6, after reducing them for the two consecutive times. NALCO’s aluminium ingot price has come in at INR 171,550-175,050 per tonne, recording a...
Aluminium coaches for Pune Metro expected to arrive in May 2021 from Italy
On Tuesday, January 5, Maharashtra Metro Rail Corporation’s managing director Brijesh Dixit announced that aluminium coaches for Pune’s Metro trains would likely arrive in the city in May 2021 from Italy. Dixit said, “Pune Metro had given the purchase order for 102 aluminium bodied coaches. The...
Hindalco Industries’ billets price rises by 1.56% to INR 178,600/t
Hindalco Industries Limited has risen its aluminium products price INR 2,750 per tonne. With effect from Wednesday, 06 January 2021, the company’s wire rods price stands at INR 182,600 per tonne, from INR 179,850 tonne on December 30. Aluminium billets price has hiked to stand at INR 178,600 per...
Sacheta Metals Limited receives order for the supply of aluminium utensils
Sacheta Metals Limited, one of the leading producers of aluminium utensils in India, has received sales order of approximately INR 15 Million (3*40" containers approx.). The company has secured order from Republic of Mozambique for the supply of aluminium utensils. “This sales order is repeatable...
Vedanta’s aluminium ingot price jumps by INR 6,250/t with effect from January 05
Vedanta has hiked its aluminium products price after declining it for the third time in a row. With effect from Tuesday, 05 January 2021, the prices of some aluminium ingots are in the range of INR 170,000-183,000 per tonne, a jump of INR 6,250 per tonne from INR 163,750-176,750 per tonne on...
Union Minister urges Govt. of India for the onset of NALCO’s brownfield expansion project in Odisha
On 4 th January 2021, the Union Minister of Petroleum and Natural Gas, Dharmendra Pradhan delivered a letter to Prahlad Joshi, Coal and Mines Minister proposing him to increase the production capacity of Nalco’s Aluminium smelter plant at Angul. Pradhan in his letter has urged Joshi to take...
NALCO begins the year 2021 with a significant aluminium ingot price cut by INR4900/t with effect from January 1
National Aluminium Company Limited (NALCO) has continued to reduce the prices of its aluminium ingot and aluminium products for the second time in a row after two weeks on January 1, 2021. With the latest cut, NALCO’s aluminium ingot price has come in at INR 167,450-170,950 per tonne, down by INR...
Triumph Tiger 850 Sport to fire Indian roads in 2021, usage of lightweight aluminium reduces weight by 7 kg
In November’20, Triumph Tiger 850 was showcased and it will be launched in India this year. It will be the entry-level adventure bike in the company's portfolio and will be powered by 888 cc engine. The launch of Tiger 850 Sport in the Indian market is projected to take place before mid-2021. The...
