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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NALCO further reduces its aluminium ingot price by nearly 2% with effect from September 25
National Aluminium Company Limited (NALCO) has extended its aluminium ingot and aluminium product price cut two weeks later with effect from September 25. NALCO’s aluminium ingot price is now standing at INR 145,250-148,750 per tonne, down by INR 2,600 per tonne or 1.8 per cent from INR 147,850 –...
Indian Oil Corporation plans to launch aluminium-air batteries for EVs to help government achieve lower gas emissions
According to a recent report, State-run Indian Oil Corporation (IOC) is planning to offer a more cost-effective alternative to lithium-ion batteries for electric vehicles and stationary applications by launching the first-of-its-kind aluminium-air batteries. These batteries are likely to be...
Aluminium Sector capable to play vital role in the growth of India: Abhijit Pati, CEO & Director, BALCO
The Aluminum industry is predominant in the development of the country, as India is driving pivotal projects like Make in India, 100 Smart Cities, 100 AMRUT Cities, 24-hour uninterrupted power supply, 100% rural electrification, domestic space program, achieving 100 GW solar power generation...
NALCO signs MoU with Numaligarh Refinery for long term supply of Calcined Petroleum Coke
National Aluminium Company Limited (NALCO) announced that the company has signed a Memorandum of Understanding (MoU) with Numaligarh Refinery Limited (NRL) for long term supply of CP Coke to ensure raw material security. The MoU was signed on Thursday 24 September 2020. The company will supply...
Six Indian industry majors commit towards “Near Zero Emissions by 2050”, Aluminium also part of Charter
The Aluminium industry considered one of the toughest to reduce emission sector, need to shift to new technologies using 100% renewable energy and feedstock. A coalition of six Indian industry majors which includes Hindalco Industries signed up an ‘Industry Charter for Near-Zero Emissions by 2050’...
Vedanta extends aluminium ingot price cut this week in response to continuous downfall in LME aluminium price
The new aluminium price list of Vedanta shows that the company has reduced its aluminium ingot and aluminium product prices further for the second consecutive day, with effect from Thursday, September 24. With the latest cut, Vedanta’s aluminium ingot price is now ranging between INR 144,250 per...
MCX witnesses delivery of 30,771 tonnes in aluminium
The Multi Commodity Exchange of India (MCX) witnessed a total shipping of 30,771 tonnes in aluminium after completion of its August contract delivery cycle. The total delivery of 1,06,814 tonnes recorded in the five base metal contracts viz. Aluminium, Copper, Lead, Nickel and Zinc, which were...
Hindalco reduces its aluminium products price by INR 1,250/t
Hindalco Industries Limited’s aluminium products price has declined after remaining restraint for a month. With effect from Saturday, 19 September 2020, the company’s wire rods price stands at INR 158,100 per tonne, registering a drop of INR 1,250 per tonne from INR 159,350 per tonne on August 22....
Govt. of India: Cabinet note ready for vehicle scrapping policy; aluminium among others bound to be recycled, automobiles prices expected to drop by 20-30%
On 19 th September’20, the Government of India stated that a Cabinet note has been articulated for the vehicle scrapping policy. The note has been articulated by "Ministry of Road Transport and Highways (MoRTH) for Cabinet on the development of an ecosystem for voluntary and environment-friendly...
Vedanta’s Chairman Anil Agarwal joins hands with Centricus Asset Management for turnaround fund
Indian mining and metal tycoon Anil Agarwal, who made a fortune acquiring, state-owned companies and revamping them, is drawing up to raise an investment fund targeting turnaround opportunities in the country, as per industry sources. The Founder and chairman of Vedanta Resources Ltd. is working...
Vedanta’s aluminium ingot price declines to INR 146,500-159,500/t with effect from September 18
Vedanta has reduced its aluminium ingot price today after hiking the price of the same products by INR 2,000 per tonne on Wednesday. With effect from Friday, 18 September 2020, the prices of some aluminium ingots are in the range of INR 146,500-159,500 per tonne, marking a decline of INR 1,250 per...
China's economic propel is manifesting to be a bonus for Indian metal Industry, incorporates aluminium sector
China has performed into a net importer of aluminium and other metals for the third consecutive month in August’20. Since the country’s infrastructure blow-out in 2009 after the financial crisis, this was the first time in 11 years. The drift may boost India’s metals and mining sector which has...
Vedanta hikes its aluminium ingot price by INR 2,000/t with effect from September 16
Vedanta has hiked its aluminium ingot price today after cutting the price of the same products last week. With effect from Wednesday, 16 September 2020, the prices of some aluminium ingots are in the range of INR 147,750-160,750 per tonne. That is up INR 2,000 per tonne from INR 145,750-158,750 per...
Hind Aluminium reports 84.78% decline in sales in the June 2020 quarter
Hind Aluminium Industries Limited, a manufacturer of aluminium & alloy conductors and aluminium wire rods for use in power transmission and distribution applications, announced consolidated financial results for the quarter ended June 2020. The company reported net loss of INR 2.86 crore in the...
Vedanta’s Jharsuguda reiterates its commitment to self-reliance in aluminium
Vedanta’s Jharsuguda reiterates its commitment to leverage engineering, technology and innovation to boost India self-reliance in aluminium. The company also aims to fulfil raw material needs of critical sectors. The company targets to work in close collaboration with its technology partners,...
“Thyssenkrupp Elevator” collaborates with “Amplus” for a solar plant at Pune facility in India, carport entirely made of Aluminium
Thyssenkrupp Elevator, one of the global leaders of elevator technology, has collaborated with Amplus Solar, a member of the Petronas Group to layout an onsite solar power unit at their Pune facility in Western India. Thyssenkrupp Elevator (India) has signed a Power Purchase Agreement (PPA) with...
ISGEC won order from Hindalco’s Mahan Aluminium
ISGEC Heavy Engineering, an Indian heavy engineering firm has won an INR 126.50-crore order for a semi-dry circulating fluidised bed scrubbers (FGD) system from Hindalco Industries. The FGD system will be used at one of the Hindalco's 150 MW units at Mahan Aluminium at Singrauli in Madhya Pradesh....
India enters the club of proven capabilities in hypersonic vehicles, DRDO’s HSTDV bottom made from Aluminium alloy
The Defence Research & Development Organisation (DRDO) of India has successfully conducted a test on 7 th September of its wholly indigenous Hypersonic Technology Demonstrator Vehicle (HSTDV) which has been under development for well over a decade. HSTDV took-off aboard an Agni missile booster...
