HPCL Brings Energy Leaders, Researchers and Startups Together at IISc Bengaluru to Accelerate energy Innovation through MC²+ IGNITE
The Hindustan Petroleum Corporation Ltd. today hosted the Bengaluru edition of MC²+ IGNITE – India’s flagship energy innovation accelerator at the Indian Institute of Science (IISc) Bengaluru, bringing together leaders from the energy industry, academia, research, startups and the investment...
HPCL brings energy leaders, researchers and startups together at IISc Bengaluru to accelerate energy innovation through MC²+ IGNITE
The Hindustan Petroleum Corporation Ltd. today hosted the Bengaluru edition of MC²+ IGNITE – India’s flagship energy innovation accelerator at the Indian Institute of Science (IISc) Bengaluru, bringing together leaders from the energy industry, academia, research, startups and the investment...
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NALCO adding new wind power capacity of 25.5 MW to its existing wind energy portfolio of 198.4 MW
According to a recent report, National Aluminium Company has initiated the process of increasing its wind portfolio to 223.9 MW by adding 25.5 MW of new wind power capacity to renewable energy portfolio. The news came after Nalco’s Chairman and Managing Director Sridhar Patra said in a report that...
Vedanta reduces its aluminium ingot price by INR 1,250/t with effect from September 11
Vedanta has declined its aluminium products price after twenty days of restraint. With effect from Friday, 11 September 2020, the prices of some aluminium ingots are in the range of INR 145,750-158,750 per tonne, marking a drop of INR 1,250 per tonne from INR 147,000-160,000 per tonne on Saturday...
India keen to implement stringent regulations on imported auto parts to boost local manufacturing
Foreign automakers are reportedly seeking delays and exemptions to India’s new quality rules for imported auto parts. According to them, regulations on imported auto parts will increase the costs of finished products, hurt sales, and disrupt the overall supply chains, said the sources with direct...
Kumar Mangalam Birla: Hindalco to bounce back in H2FY21 amid pandemic
Hindalco Industries is well-positioned for a bounce back in the second half of the current financial year (FY21). “We should be back to pre-Covid levels in the second half of FY21," Hindalco Chairman Kumar Mangalam Birla told shareholders at the company’s 61st annual general meeting held in Mumbai....
India to frame stringent policies to curb aluminium and copper imports, especially from China: Sources
According to a recent report, India is planning to raise surveillance and develop policies that would curb aluminium and copper shipments from China and other Asian nations and protect domestic producers. The news came after two government sources and an industry official familiar with the matter...
India initiates anti-dumping probe on flat-rolled Aluminium imports from China
India has initiated an anti-dumping probe in the imports of certain flat-rolled products of aluminium originating in or exported from China based on a complaint by Hindalco Industries, alleging injury to the domestic industry due to the dumped goods. The Directorate General of Trade Remedies (DGTR)...
Azelio collaborates with Atria Power for 65MW energy storage in India
Azelio, the Swedish energy storage firm and Atria Power of India have signed an MOU towards the collaboration of installation of over 65MW capacity of Azelio’s energy storage until 2025 in India. This is Azelio’s first landing foot in India and it is visualised as a market with the huge...
Nalco’s CAPEX plans possibly to squash cash flows, refinery expansion project causing a flutter
The industry analysts said: “National Aluminium Company Ltd (Nalco) shareholders may have a thing or two to worry about in the coming years. The firm is going ahead with an expansion plan that will deplete cash flows and raise its debt levels. That may just be weighing on the stock.” As on 7 th...
Indian auto comp industry must upskill employees to ensure smooth transition to electric vehicles: Amitabh Kant
Amitabh Kant, CEO of the policy think tank NITI Aayog, has pointed out that upskilling the existing workforce in the Indian auto component sector would be an ideal way to ensure a smooth transition to electric vehicles. As far as the technical advancements are concerned required for the adoption of...
Q1FY21 results: NALCO’s net profit declines by 83% YoY; Revenue down by 34%
National Aluminium Company Limited (NALCO) has announced its June quarter results. The company reported net profit of INR 16.63 crore in Q1FY21, a decline of 82.99% from INR 97.78 crore in Q1FY20. The net profit margin stood at 1.2%, down 3.49% YoY. Revenue of National Aluminium Company Limited...
India’s imports of aluminium scrap from the US jumps 205% MoM in June 2020
India’s imports of aluminium scrap from the US came in at 12,800 tonnes in June 2020, with a month-on-month increase of 205.49%. India had imported 4,190 tonnes in May 2020. On a yearly, basis, imports dropped by 41.55% from 21,900 tonnes in June 2019, as updated by the US Census Bureau. India...
EEPC urges Commerce Minister to continue MEIS Scheme with no limit on claims for COVID hit aluminium industry
Engineering Export Promotion Council (EEPC) wrote a letter to the Commerce Minister, on Thursday, September 3, urging the continuation of the MEIS Scheme with no limit on claims for aluminium exports. The Council thinks this to be the best way to retain competitiveness in the market and survive the...
Vedanta Aluminium bags five awards at the 21st CII National Award for Excellence in Energy Management
Vedanta Aluminium has bagged five awards at the 21st National Award for Excellence in Energy Management, organised by the Confederation of Indian Industries (CII). The event was held from 25-28th August 2020 in a virtual conclave and ceremony. Vedanta Limited’s Lanjigarh unit has won the ‘Excellent...
First Partners bags PR mandate of Vedanta aluminium and power business
First Partners, a full-service communications consultancy, has bagged the public relations mandate of Vedanta Limited- aluminium & power business. The company’s aluminium operations have operational smelters at Korba (Chhattisgarh) and Jharsuguda (Odisha) and an alumina refinery at Lanjigarh...
Okaya teams up with BluSmart Electric Mobility for electric vehicle charging stations
Okaya has teamed up with BluSmart Electric Mobility for electric vehicle charging stations across the country. The partnership aims to provide a well-laid out EV charging stations for their fleet operations. Anshul Gupta, Director, Okaya Power Private, said the collaboration will play a significant...
Fenesta to set up INR 25 crore aluminium windows and door plant
Business conglomerate DCM Shriram's arm Fenestahas planned to construct an aluminium window and door plant in Bhiwadi, Rajasthan with an investment of about INR 25 crore. The company also seeks to expand portfolio and gain market share. DCM Shriram entered the UPVC windows and doors business in...
Vedanta reaffirmed its commitment to an Atma Nirbhar Bharat
Navin Agarwal, Executive Vice Chairman, addressed employees at Vedanta’s alumina refinery in Lanjigarh on Saturday through a virtual townhall meeting. Vedanta Limited reaffirmed its commitment to an Atma Nirbhar Bharat. The entire leadership team of the refinery, employees and business partners...
“Extraction of Alumina from Fly Ash waste”: A research by Institute of Minerals and Materials Technology, India
A team of researchers from the Institute of Minerals and Materials Technology (IMMT), India affirms to have developed a technique for transforming fly ash waste into wealth. As per the research team’s claim, they have extracted commercially-useful minerals like alumina among others containing rare...
