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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Wheels India invests INR 177 crore in new cast aluminium wheel plant; Revenue declines 14% in Q3
Wheels India Ltd. commissioned new cast aluminium wheel plant with an investment of INR 177 crore. The facility, located at Thervoy Kandigai, Tamil Nadu, will have an annual production capacity of 7.5 lakh wheels. Srivats Ram, MD, said, “We will start shipping cast aluminium wheels shortly....
Vedanta cuts its aluminium ingot price by INR 1,500/t
Vedanta has continued to reduce its aluminium products price. With effect from Friday, 30 October 2020, the prices of some aluminium ingots are in the range of INR 150,250-163,250 per tonne, marking a decline of INR 1,500 per tonne from INR 151,750-164,750 per tonne on October 28. The company’s...
Crisil Research: India’s primary Aluminium export up-rises, cushions domestic plunge amid COVID-19 pandemic
The up-rise in primary aluminium export has supported the industry producers of the metal to cushion a rapid plunge in domestic demand amid the COVID-19 outbreak, as per the Crisil Research report. Crisil report indicates: “Primary aluminium exports rose by 50% in the first quarter of the current...
Hindalco reduces its aluminium products price by INR 1,250/t
Hindalco Industries Limited has reduced its aluminium products price for the second time in a row. With effect from Friday, 30 October 2020, the company’s wire rods price stands at INR 163,600 per tonne, down by INR 1,250 per tonne, from INR 164,850 tonne on October 28. Aluminium billets price to...
Vedanta reduces its aluminium ingot price by INR 2,000/t with effect from October 28
Vedanta has dropped its aluminium products price on Wednesday, 28 October 2020. The prices of some aluminium ingots are in the range of INR 151,750-164,750 per tonne, representing a decline of INR 2,000 per tonne from INR 153,750-166,750 per tonne on October 22. The company’s billet price came in...
Angul Aluminium Park’s infrastructure work to be ready by March 2021: State Govt. of Odisha, India
Angul Aluminium Park, a joint venture of Nalco and Odisha Industrial Infrastructure Development Corporation (Idco), has positioned March 2021 as the deadline to complete infrastructure works by State Govt. of Odisha, India. As per reports, the state government has started receiving investment...
Hindalco hikes its aluminium products price by INR 1,750/t
Hindalco Industries Limited has raised its aluminium products price after declining it for the second time in a row. With effect from Thursday, 22 October 2020, the company’s wire rods price stands at INR 167,100 per tonne, up by INR 1,750 per tonne, from INR 165,350 tonne on October 21. Aluminium...
Vedanta’s aluminium ingot price stands at INR 153,750-166,750/t with effect from October 22
Vedanta has increased its aluminium products price after declining it for the second time in a row. With effect from Thursday, 22 October 2020, the prices of some aluminium ingots are in the range of INR 153,750-166,750 per tonne, marking a growth of INR 1,500 per tonne from INR 152,250-165,250 per...
Indian skincare brand Vilvah goes Aluminium
The Indian natural skincare brand Vilvah, based in Tamil Nadu consciously takes sustainable measures, as it recently launched a recycling program, where a consumer can bring empty containers to their physical stores for discounts. Villa firmly believes that saving the earth is an individual...
Hindalco drops its aluminium products price by INR 2,000/t with effect from October 21
Hindalco Industries Limited has reduced its aluminium products price for the second time in a row. With effect from Wednesday, 21 October 2020, the company’s wire rods price stands at INR 165,350 per tonne, down by INR 2,000 per tonne, from INR 167,350 per tonne on October 20. Aluminium billets...
Vedanta reduces its aluminium ingot price by INR 2,000/t with effect from October 21
Vedanta has reduced its aluminium products price for the second time in a row. With effect from Wednesday, 21 October 2020, the prices of some aluminium ingots are in the range of INR 152,250-165,250 per tonne, a decline of INR 2,000 per tonne or 1.3% from INR 154,250-167,250 per tonne on October...
Bharat Aluminium Company wins ‘The Economic Times Best Brands 2020’ title
Bharat Aluminium Company (BALCO) has been recently recognised as one the Best Brands in 2020 by The Economic Times. BALCO is seen as a national leader in aluminium production and well-acknowledged for its consumer trust and quality. So, this prestigious recognition is to celebrate BALCO’s...
Vedanta cuts aluminium ingot price by nearly 1% with effect from October 20 after a sharp hike last day
Vedanta Limited has again reduced its aluminium ingot and aluminium product prices with effect from Tuesday, October 20, following a hike of INR 3,500 per tonne on October 17. With the latest cut, the price of Vedanta’s aluminium ingot has come in at INR 154,250-167,250 per tonne, down by INR 1,250...
Sustainable bauxite mining required in India to meet estimated aluminium demand growth to 12 MTPA by 2030
Increasing bauxite imports in India has caused an estimated forex loss of over $400 million in the last five years and missed opportunities to generate mass scale employment, a recent report found. This is despite India having the world’s fifth-largest coal and bauxite reserves, which are the two...
India’s aluminium semis exports to the US continue to grow by 127% M-o-M in July 2020
According to the US Geological Survey data for July 2020, India’s aluminium crude metal and alloys exports to the US increased by 127 per cent month-on-month. From 5,150 tonnes in June, India’s exports jumped to 11,700 tonnes in July, shows the data. In May, India’s aluminium crude metal and alloys...
Hindalco hikes its aluminium prices by INR3500/t w.e.f October 17 after a cut on the previous day
Hindalco Industries Limited has increased its aluminium ingot and aluminium product prices with effect from Saturday, October 17, following a cut on October 16. The price of Hindalco’s aluminium ingot has been raised by INR 3,500 per tonne on October 17 after being reduced by INR 1,500 per tonne on...
NALCO raises its aluminium products price by INR 3,400/t
National Aluminium Company Limited (NALCO) has increased its aluminium products price for the second time in a row. With effect from Saturday, 17 October 2020, NALCO's aluminium ingots price came in at INR 157,550 – 161,050 per tonne, an increase of INR 3,400 per tonne from INR 154,150 – 157,650...
MCX: India’s largest commodities exchange to debut first tradeable real-time base metals indices by name “METLDEX”
METLDEX, the first base metal futures indices from MCX, India’s largest multi-commodity exchange is going live from 19 th October’20 and is ready to reform the way prices are spotted as the indices will be traded on the real-time domestic prices. Presently, domestic metal prices are pivoted to the...
