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 reduces its aluminium ingot price by 1.6% to INR167,250-180,250/t with effect from December 8
Vedanta Limited has reduced the prices of its aluminium ingot and aluminium product with effect from Tuesday, December 8, following a hike last week on December 2. Vedanta has cut its aluminium ingot price by INR 2,750 per tonne or 1.62 per cent from INR 170,000-183,000 per tonne to INR...
Hindalco to set up 34,000-tonne Aluminium Extrusion plant in Silvassa
Hindalco Industries Limited intends to establish a 34,000-tonne aluminium extrusion plant in Silvassa with an investment of INR 730-crore. The new facility will meet the demand for extruded aluminium products in the western and southern regions. Commercial production at the facility is expected to...
Vedanta Aluminium playing a vital role in India’s progress
Anil Agarwal’s Vedanta Aluminium is the largest producer of aluminium in India. The green metal is a sovereign decisive influential commodity and stands second in the list of preferential metals in the world. The characteristics and utility of aluminium prioritize it as a metal of choice and it is...
Hind Aluminium reports 60% drop in sales in the September 2020 quarter
Hind Aluminium Industries Limited, a manufacturer of aluminium & alloy conductors and aluminium wire rods for use in power transmission and distribution applications, published its results for the quarter ended September 2020. Hind Aluminium’s sales stood at INR 43.62 crore in the quarter ended...
Runaya positions to manufacture high-tech products using aluminium dross
Naivedya Agarwal, son of Navin Agarwal, Chairman of Vedanta Limited, India’s leading producer of aluminium, founded Runaya in 2017 to seize the market of aluminium dross, which now pulls in around INR 150 crore turnovers. The second most used metal in the world is aluminium, which has an annual...
India’s aluminium scrap imports from the US up by 6% in nine months
India’s imports of aluminium scrap from the US came in at 35,500 tonnes in September 2020, with a month-on-month increase of 31%. India had imported 27,000 tonnes in August 2020. On a yearly, basis, imports dropped by 67% from 21,000 tonnes in September 2019, as updated by the US Census Bureau. In...
Vedanta’s aluminium ingot price soars by INR 5,250/t with effect from December 2
Vedanta has raised its aluminium products price today after the cutting the price of the same products on November 25. With effect from Wednesday, December 2 2020, the prices of some aluminium ingots are in the range of INR 170,000-183,000 per tonne, up by INR 5,250 per tonne from INR...
Uber may form partnerships with OEMs for electric vehicles in India
Uber has planned to add 3,000 electric vehicles and e-rickshaws to its fleet by the end of 2021. For this, the company may enter into agreement with original equipment manufacturers (OEMs) for charging and battery swapping, and fleets and financiers, Mint reported. “As of now, we plan to have...
Hindustan Aeronautics delivers biggest ever cryogenic propellant tank to ISRO, made from Aluminium alloy
On 30 th November’20, the Indian state-owned aerospace and defence organisation, Hindustan Aeronautics Limited (HAL) announced its delivery of the biggest cryogenic propellant tank (C32 LH2) ever fabricated by the company to Indian Space Research Organisation (ISRO) and that too much ahead of the...
Tata Steel introduces Galvanova, Aluminium-Zinc alloy coated product for MSMEs
Tata Steel has expanded its value-added portfolio with the launch of new product named ‘Galvanova’ to address the needs of the Medium and Small Scale Enterprises (MSMEs). Galvanova, a 55% Aluminium-Zinc alloy coated product, is an all-weather durable product with superior corrosion resistance, and...
Talbros Automotive signs up TAA with Sanwa Packing for Light-Weight Aluminium Heat Shields
The Indian auto components manufacturer, also specialised in Heat Shields, Talbros Automotive Components has signed a Technical Assistance Agreement (TAA) with its Japanese partner 'Sanwa Packing Industry Co. Ltd.' for Light Weight Aluminium Heat Shields. The product will be used for automotive...
NALCO's aluminium ingot price declines by INR1800/t w.e.f November 26 after seven consecutive rises
National Aluminium Company Limited (NALCO) has cut the prices of its aluminium ingot and aluminium products with effect from Thursday, November 26, after raising them for seven times in a row till November 19. The Navratna Group has reduced its aluminium ingot price by INR 1,800 per tonne or 1.06...
Hindalco cuts its aluminium wire rod & billets prices by INR2000/t with effect from November 25
Hindalco Industries Limited has reduced the prices of its aluminium products and aluminium ingot with effect from Wednesday, November 25, in line with the downtrend in global aluminium benchmark price on the London Metal Exchange after November 19. Hindalco has cut its aluminium wire rod price by...
Vedanta cuts its aluminium ingot and product prices by INR1750/t after raising them for six times in a row
Vedanta has reduced the prices of its aluminium ingot and aluminium products with effect from Wednesday, November 25, after increasing them for six times in a row till a week ago. The company has cut its aluminium prices in tandem with the downtrend of global aluminium benchmark price on the London...
BIS quality standards are much needed to check cheap, sub-standard aluminium scrap imports into India, says experts
Aluminium Industry experts are reportedly emphasising the urgent need for BIS (The Bureau of Indian Standards) quality standards for aluminium scrap to hinder the imports and use of cheap and sub-standard scrap in India. The BIS standards will ensure quality, environment, and safety concerns as per...
Vedanta appoints Deeptaman Mukherjee as ‘Director’ in the Group Commercial Organization
Vedanta Limited announced Organizational changes last month, wherein it centralized the Procurement & Marketing functions across all it’s businesses into an integrated Group Commercial Organization. As part of these Organization changes, Vedanta appointed Deeptaman Mukherjee as the ‘Director, Group...
Vedanta’s Jharsuguda receives APEX India Platinum Award for Sustainability
Vedanta announced that its Jharsuguda plant received APEX India Green Leaf 'Platinum' Award for sustainability in the Metals & Mining category. The company said Platinum is the highest category among sustainability awards. Mr. CN Singh, CEO - Vedanta Ltd., Jharsuguda, said, “Vedanta’s operations...
Hindalco back-to-back hikes its aluminium ingot price w.e.f November 19; price grows close to INR17,000/t
Hindalco Industries Limited is incessantly expanding the prices of its aluminium ingots and aluminium products since October 31 as the global aluminium benchmark price on the London Metal Exchange has surged significantly over more than a week. Like any other Indian aluminium producers, Hindalco...
