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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Aluminium price in India to see positive improvement by Q1 FY2021-22: Sridhar Patra, Nalco's Chairman & MD
In a recent interview, National Aluminium Company’s (NALCO) Chairman & Managing Director, Sridhar Patra, revealed his optimistic views saying that production activities are recommencing gradually and so the demand for aluminium has begun to rise in both international and Indian market, following a...
Hindalco drops its aluminium products price by INR 2,500/t with effect from December 24
Hindalco Industries Limited has reduced its aluminium products price after raising it for the third time in a row. With effect from Thursday, 24 December 2020, , the company’s wire rods price stands at INR 180,850 per tonne, down by INR 2,500 per tonne, from INR 183,350 tonne on December 11....
Bharat Forge among several other aluminium forging companies penalized by German regulator “Bundeskartellamt”
The three Bharat Forge companies stand among several aluminium forging companies in Germany that will have to pay an accumulated value of € 175 million for "engaging in illegal competitive agreements.” In connection with two separate proceedings, Bundeskartellamt (Federal Cartel Office), Germany's...
Vedanta’s aluminium ingot price shrinks by INR1500/t w.e.f. December 22 after two consecutive hikes
Vedanta Limited has reduced the prices of its aluminium ingot and aluminium products with effect from Tuesday, December 22, after two consecutive hikes on December 10 and December 11. With the latest cut, Vedanta’s aluminium ingot price has come in at INR 167,750-180,750 per tonne, down by INR...
Aluminium dross recycling company “RUNAYA” conferred with Global WasteMet award by Energy and Environment Foundation
One of India’s fastest-growing manufacturing start-ups, Runaya, made public on 21 st December that it has been conferred with the Global WasteMet Award by the Energy and Environment Foundation. The company own the award under the prestigious ‘Platinum’ category for its success in setting up an...
Anrak Alumina set to commission refinery at Rachapalli, Bauxite to be sourced from outside
The government of the Indian State Andhra Pradesh is wholly prepared to permit Anrak Aluminium Limited to commission its alumina refinery at Rachapalli, Makavarapalem in Visakhapatnam. V Vijaysai Reddy, MP, North Andhra Pradesh affairs, said: “The government has been planning to allow Anrak...
Higher EV sales by 2030 to boost aluminium consumption and reduce 14% CO2 emissions in India’s commercial vehicle sector
A recent study - Roadmap for Electrification of Urban Freight in India found that there could be a 14 per cent reduction in CO2 emissions in India’s small commercial vehicle segment with higher electric vehicle sales by 2030. The study assessed the operational and financial feasibility of electric...
BALCO CEO, Abhijit Pati recognised amongst ‘Most Promising Business Leaders of Asia 20-21’
On 15 th December’20, The Economic Times in a virtual ceremony have recognised Mr Abhijit Pati, CEO and Director of BALCO as ‘Most Promising Business Leaders of Asia 2020-21. This award recognizes eminent business leaders who are poised to make a significant impact in shaping the business...
World’s largest two-wheeler manufacturer “Hero MotoCorp” to hike price of vehicles in India; blames rise in commodity costs, including Aluminium
Hero MotoCorp, the Indian multinational motorcycle and scooter manufacturer based in New Delhi and also the largest two-wheeler manufacturer in the world and also in India is going for a price hike for its vehicles from January 2021 in India. The decision came in the public forum by the means of a...
Andhra Pradesh, India: Fresh bidding plans to operate Anrak Alumina refinery brings back Bauxite mining issue
The contended bauxite mining issue returns in the prominence with condemnation forthcoming to over the fresh bids to consider operationalizing the Anrak Alumina Refinery in Visakhapatnam district of Andhra Pradesh. Anrak Aluminium Limited, a company floated by Ras-al-Khaimah and Penna Group in 2013...
NALCO’s aluminium wire rod price rebounds to INR177,250-181,600/t with effect from December 15
National Aluminium Company Limited’s (NALCO) aluminium wire rod price rebounded to INR 177,250-181,600 per tonne with effect from Tuesday, December 15, following a downfall on December 11 to INR 174,750-179,100 per tonne. This shows the price of NALCO’s aluminium wire rod increased by INR 2,500 per...
India's eastern state Odisha attracted over INR 100,000 crore investments during Corona crisis: Chief Minister
On 12 th December, Naveen Patnaik, Chief Minister of India’s eastern state Odisha announced that the state government is dedicated creating a favourable environment for the promotion of industries in the state and eyeing on the implementation of new projects. Odisha has developed an online system...
Vedanta hikes its aluminium ingot price by INR 1,500/t
Vedanta has hiked its aluminium products price after cutting it for the second time in a row. With effect from Thursday, December 10 2020, the prices of some aluminium ingots are in the range of INR 167,500-180,500 per tonne. This marks an increase of INR 1,500 per tonne from INR 166,000-179,000...
Hindalco raises its aluminium products price by INR 2,000/t with effect from December 11
Hindalco Industries Limited has hiked its aluminium products price for the third time in a row. With effect from Friday, 11 December 2020, , the company’s wire rods price stands at INR 183,350 per tonne, up by INR 2,000 per tonne, from INR 181,350 tonne on December 10. Aluminium billets price has...
India’s largest carmaker Maruti Suzuki to hike vehicle prices from Jan’21; Aluminium and other raw materials gets costlier
Maruti Suzuki Ltd., India’s largest carmaker withholding more than 50% of market share in the passenger vehicle segment, announced that from January’21 it would increase prices of its vehicles. It is forecasted that the price rise could be more this time, as the cost of raw materials has increased...
The Corona crisis: Indian Railways Aluminium body coaches roll-out gets delayed
The plan for rolling out the first batch of aluminium coaches of Indian Railways suffers delay due to the Covid-19 outbreak causing obstruct in production. The lightweight aluminium coaches will position Indian Railways with the benefit of running trains to speed up to 160 kmph, reduce energy...
Vedanta’s aluminium ingot price declines by INR 1,250/t with effect from December 9
Vedanta has cut its aluminium products price for the second time in a row. With effect from Wednesday, December 9 2020, the prices of some aluminium ingots are in the range of INR 166,000-179,000 per tonne, down by INR 1,250 per tonne from INR 167,250-180,250 per tonne on December 8. Billet price...
Piaggio Vehicles introduces new variant of diesel cargo Ape’ Xtra, tooled with Aluminium clutch
Piaggio India Pvt Ltd., the small commercial vehicle manufacturer in the Indian market, introduced a new variant of its cargo three-wheeler Ape' Xtra range with a larger deck, to provision towards the rise in demand for the last-mile supply of goods amid the COVID-19 outbreak at an initial price of...
