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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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...
NALCO hikes its aluminium ingots price by INR 3,000/t
National Aluminium Company Limited (NALCO) has increased its aluminium products price for the seventh time in a row. With effect from Thursday, 19 November 2020, the company’s aluminium ingots price came in at INR 170,050 – 173,550 per tonne, a growth of INR 3,000 per tonne from INR 167,050 –...
Vedanta’s aluminium ingot price stands at INR 166,500-179,500/t
Vedanta has raised its aluminium products price for the sixth time in a row. With effect from Thursday, 19 November 2020, the prices of some aluminium ingots are in the range of INR 166,500-179,500 per tonne, up by INR 2,250 per tonne from INR 164,250-177,250 per tonne on November 18. The company’s...
Hindalco ranks as the world’s most sustainable Aluminium company: Dow Jones Sustainability Indices 2020
Aditya Birla Group’s metal flagship company Hindalco Industries Limited, has been ranked as the Aluminium Industry leader for its sustainability performance in the 2020 edition of the S&P Dow Jones Sustainability Indices (DJSI) Corporate Sustainability Assessment (CSA) rankings. Hindalco Industries...
Hindalco’s aluminium ingot & product prices again see a hike of INR1750/t on November 18
Hindalco Industries Limited continues to hike its aluminium ingot and aluminium product prices for the sixth time in a row. With effect from Wednesday, November 18, Hindalco has increased the price of its aluminium ingot from INR 165,500 on November 14 to INR 167,520 per tonne. This represents the...
Vedanta hikes its aluminium ingot price by INR 1,750/t with effect from 18 November
Vedanta has hiked its aluminium products price for the fifth time in a row. With effect from Wednesday, 18 November 2020, the prices of some aluminium ingots are in the range of INR 164,250-177,250 per tonne, up by INR 1,750 per tonne from INR 162,500-175,500 per tonne on November 14. The company’s...
Thyssenkrupp Aerospace, Dynamatic Technologies expands framework agreement; incorporates supply of Aluminium sheet and plate for aircraft
Thyssenkrupp Aerospace, the customized global supply chain solutions for the aerospace industry and Dynamatic Technologies Limited (DTL), an Indian company involved in precision engineering are reinforcing their partnership, which commenced in 2006, with an expanded framework agreement. In the next...
Hindalco’s aluminium ingot price further rose to INR165,500/t on Nov 14 in line with incessant LME aluminium price hike
Hindalco Industries Limited has further increased the prices of its aluminium ingot and aluminium products, with effect from Saturday November 14. This marks the fifth consecutive time since October 31, 2020, that Hindalco has been increasing its aluminium prices. On November 14, the company...
NALCO’s smelter plant in Angul charged by residents for ash breach
The aluminium smelter plant of National Aluminium Company (NALCO) in Angul has been charged for polluting the local Nandira watercourse in the area. The residents alleged that the leaked residue from the PSU Navaratna Company’s ash pond has been polluting the watercourse and eventually adjoining up...
Vedanta raises its aluminium ingot price by INR 1,500/t
Vedanta has hiked its aluminium products price for the fourth time in a row. With effect from Saturday, 14 November 2020, the prices of some aluminium ingots are in the range of INR 162,500-175,500 per tonne, up by INR 1,500 per tonne from INR 161,000-174,000 per tonne on November 13. The company’s...
Q3 will remain good for aluminium business; the company will also have profit: Chairman and MD, NALCO
The Indian state-owned National Aluminium Company Limited (NALCO), posted its Q2 earnings which thumped evaluation on all parameters and the Navratna group ‘A’ CPSE company’s aluminium EBIT has well performed this quarter. Sridhar Patra, Chairman and MD of NALCO, while commenting on the company’s...
Hyundai plans to bring mass-market electric vehicle in India investing over $40 billion into innovation
South Korean carmaker Hyundai Motor India Limited (HMIL) is reportedly planning to launch a mass electric vehicle in the Indian market to further strengthen its product line and also its position as a smart mobility provider, said a top executive to ETAuto in an exclusive interaction. Seon Seob...
Vedanta’s aluminium wire rods & billets prices increase for the third time in a row by INR1500/t w.e.f. Nov 13
Vedanta has increased the prices of its aluminium product and aluminium ingot for the third time in a row, with effect from Friday, November 13. The last time Vedanta hiked its aluminium prices was on November 4. This week, the company has raised its aluminium wire rods price by INR 1,500 per tonne...
Indian downstream Aluminium industry aligns to support Govt. campaign of Self-reliant India: Managing Director, Jindal Aluminium
The downstream segment of the Indian Aluminium industry positions itself to support the Govt. of Indian’s campaign for Self-reliant India, said by Pragun Jindal Khaitan, Managing Director and Vice-Chairman of Jindal Aluminium. Jindal also stated that it comes from the vision of being a country that...
30% electric vehicles penetration into automobile market can help India save INR 1 lakh crore on crude oil imports
Recently, a study by the Council on Energy, Environment and Water (CEEW) reveals that India can save up to INR 1 lakh crore ($14 billion) annually on crude oil imports if it indulges in electric vehicles and allow to garner 30 per cent share of the country’s new vehicle sales by 2030. The increase...
North Karnataka gives approval for electric vehicle manufacturing unit in Bagalkot
North Karnataka has given its approval for an electric vehicle manufacturing unit in Bagalkot district. The plant will be the first-of-its-kind in North Karnataka. Gaurav Gupta, principal secretary, department of commerce and industries in Karnataka confirmed to TOI that a proposal submitted by...
MAAN Aluminium reports 7.01% hike in profit Y-o-Y to INR 3.36 crore in Q2FY21; Sales decline by 43.1%
India-based aluminium extrusion producing company MAAN Aluminium has reported the financial results of the September quarter 2020 revealing that its net profit increased by 7.01 per cent year-on-year from INR 3.14 crore to INR 3.36 crore, despite the decline in sales by 43.09 per cent to INR 93.15...
Hindalco Q2 results reflect Net profit slump by 60% YoY to INR 387 crore
On 10 th November’20, the world's largest aluminium rolling company and among the biggest producers of primary aluminium in Asia, Hindalco, posted a 60% year-on-year slump in consolidated net profit at INR 387 crore for the quarter ended September 30 after considering net loss from running and...
