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 hikes its aluminium ingot price by INR 3,500/t with effect from October 17
Vedanta has raised its aluminium products price today after reducing it yesterday. With effect from October, 17 October 2020, the prices of some aluminium ingots are in the range of INR 155,500-168,500 per tonne. The price recorded a hike of INR 3,500 per tonne or 2.3% from INR 152,000-165,000 per...
Vedanta’s aluminium prices reduced by INR1500/t after five hikes in a row this month
Vedanta Limited has cut its aluminium ingot and aluminium product prices with effect from October 16 after five consecutive hikes since October 6. The price of aluminium ingot has been reduced by INR 1,500 per tonne or 1 per cent from INR 153,500-166,500 per tonne to INR 152,000 -165,000 per tonne....
Hindalco reduces its aluminium products price by INR 1,500/t with effect from October 16
Hindalco Industries Limited has reduced its aluminium products price after raising it for the sixth time in a row. With effect from Friday, 16 October 2020, the company’s wire rods price stands at INR 165,100 per tonne, down by INR 1,500 per tonne, from INR 166,600 per tonne on October 14....
Vedanta invests big on Industry 4.0 and digitization, to stay ahead of the game
Vedanta, the multi-billion dollar mining and metal Group invests big on industry 4.0 and digital technologies to stay relevant in the metal industry. The demand for metals is growing continuously, as the global population rises and aluminium stands as the second most essential metal in the world....
Govt. of India plans another effort to construct satellite port at Betul in Goa, majorly for Bauxite export
Mormugao Port Trust said three years after that it has shelved plans for the satellite port at Betul, following people’s protests; the Central government has made another effort to construct a satellite port there through Sagarmala V project. As per the industry report, a new multipurpose terminal...
NALCO’s aluminium products price rises by INR 6,700/t
National Aluminium Company Limited (NALCO) has increased its aluminium products price after declining the price of the same products on October 6. With effect from Tuesday, 13 October 2020, NALCO's aluminium ingots price came in at INR 154,150 – 157,650 per tonne, an increase of INR 6,700 per tonne...
ISGEC Heavy Engineering successfully commissions modified 150 MW boiler for Hindalco’s Aditya Aluminium unit in Odisha
The Indian heavy engineering company, ISGEC has successfully commissioned a combustion modified 150 MW boiler for Hindalco’s Aditya Aluminium unit in Sambalpur, Odisha. The project incorporated the entire modification of the combustion system of a digressive fired boiler to drastically reduce...
Hindalco hikes its aluminium products price by INR 1,250/t
Hindalco Industries Limited has raised its aluminium products price for the sixth time in a row. With effect from Wednesday, 14 October 2020, the company’s wire rods price has increased by INR 1,250 per tonne to stand at INR 166,600 per tonne from INR 165,350 per tonne on October 13. Aluminium...
Vedanta’s aluminium ingot price stands at INR 153,500-166,500/t
Vedanta has raised its aluminium products price for the fifth time in a row. With effect from Wednesday, 14 October 2020, the prices of some aluminium ingots are in the range of INR 153,500-166,500 per tonne. That is up by INR 1,500 per tonne from INR 152,000-165,000 per tonne on October 13 2020....
IBAAS-JNARDDC to conduct a webinar on aluminium value chain on November 4-6, 2020
International Bauxite, Alumina & Aluminium Society (IBAAS) is organising a webinar on some important topics of the aluminium industry in collaboration with Jawaharlal Nehru Aluminium Research Development & Design Centre (JNARDDC). The webinar will take place on November 4-6, 2020, on topics...
Vedanta’s aluminium ingot price again increases by INR1500/t with effect from October 13
Vedanta Limited has continued to increase its aluminium ingot and aluminium product prices pursuant to the incessant surge in global aluminium benchmark price on the London Metals Exchange. With effect from Tuesday, October 13, Vedanta has hiked its aluminium ingot price again by INR 1,500 per...
Hindalco further expands its aluminium prices by INR1750/t in line with global aluminium price hike on LME over the weekend
Hindalco has further increased its aluminium product and aluminium ingot prices with effect from Tuesday, October 13, in line with the incessant surge in global aluminium benchmark price on the London Metal Exchange. This marks the fifth consecutive hike in Hindalco’s aluminium prices. With effect...
Responsible Whatr sells 1 lakh aluminium cans in four months
India’s first spring water beverage Responsible Whatr sold 1 lakh aluminium cans over a period of the first 4 months via online and offline channels. The company now aims to expand in Gujarat, Tamil Nadu, Uttarakhand, Rajasthan, Punjab and Goa by the next quarter to meet rising demand. "With every...
Jindal Aluminium seeks government aid for downstream MSME producers, urges to remove primary aluminium import duty
Jindal Aluminium official has pointed out that China’s aluminium flat rolled products exports to India, resulting in reducing prices, is taking a severe toll on domestic downstream MSME producers. Hence, the company has urged the government to remove import duty on primary aluminium to encourage...
India will not see a significant impact of US anti-dumping duties on aluminium alloy sheets: Biswajit Dhar of JNU
According to a recent survey, India is expected to be not significantly affected by the anti-dumping duties imposed by the United States on common alloy aluminium sheets, as the former supplies small amount of the product to the latter. Late last week, the United States Department of Commerce...
Hindalco raises its aluminium products price for the fourth time in a row
Hindalco Industries Limited has increased the aluminium products price for the fourth time in a row. With effect from Saturday, 10 October 2020, the company’s wire rods price has registered a hike of INR 1,500 per tonne from INR 162,100 per tonne to stand at INR 163,600 per tonne. Aluminium billets...
Vedanta further hikes its aluminium prices by INR 1500/t as LME aluminium price exceeds this year’s maiden level
Vedanta Limited has consecutively increased its aluminium ingot and aluminium product prices, albeit slower than the previous day, with effect from Saturday, October 10. The company is now selling its aluminium ingot price in the range between INR 150,500 - 163,500 per tonne, up by INR 1,500 per...
Vedanta’s aluminium ingot price climbs by INR 3,500/t with effect from October 9
Vedanta has raised its aluminium ingot price for the second time in a row. With effect from Friday, 09 October 2020, the prices of some aluminium ingots are in the range of INR 149,000-162,000 per tonne, marking a growth of INR 3,500 per tonne from INR 145,500-158,500 per tonne on October 6 2020....
