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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Vedanta continues to reduce its aluminium ingot price by INR 250/t with effect from August 15
Vedanta continued to decline its aluminium products price for the second time in a row. With effect from Saturday, 15 August 2020, the prices of some aluminium ingots are in the range of INR 147,500-160,500 per tonne, marking a decline of INR 250 per tonne or 0.17% from INR 147,750-160,750 per...
Hindalco Q1 Results: Report industry-high EBITDA margin at 19.3% from India Aluminium Business
Hindalco Industries Limited has announced financial results for the first quarter of 2020 ended June 30, mentioning steady quarterly results driven by a strong performance by India Aluminium Business. Hindalco’s Aluminium India Business EBITDA stood at INR 856 crore versus INR 853 crore during the...
IBAAS announces to postpone the 9th IBAAS International Conference & Exhibition to October 27-29, 2021
In view of the current global COVID-19 pandemic and travel restrictions, the organizing committee of International Bauxite, Alumina & Aluminium Society (IBAAS) has decided to postpone the 9th IBAAS International Conference & Exhibition (IBAAS-JNARDDC 2021) to October 27-29, 2021 from November 4 -...
Self-Reliant India: Department for Promotion of Industry and Internal Trade draws blueprint for the aluminium sector
The Government of India’s Department of Promotion of Industry and Internal Trade (DPIIT) has presented short- and-long-term measures to turn India into a manufacturing hub for 20 champion sectors. As per our report, short and long term measures have been identified, which includes aluminium sectors...
Hindalco again cuts its aluminium prices w.e.f August 11 after an intermittent hike; Ingot price now stands at INR14900/t
Hindalco Industries Limited has reduced its aluminium ingot and aluminium product prices with effect from Tuesday, August 11, following a hike on August 8. The company is now selling its aluminium ingot at INR 14,900 per tonne, down by INR 1,250 per tonne or 1 per cent from INR 150,250 per tonne on...
Vedanta reduces its aluminium ingot price by INR 1,250/t with effect from August 11
Vedanta has reduced its aluminium products price after raising the price of same products on 8th August. With effect from Tuesday, 11 August 2020, the prices of some aluminium ingots are in the range of INR 147,750-160,750 per tonne, marking a decline of INR 1,250 per tonne or 0.84% from INR...
Maan Aluminium reports 63.26% drop in net sales in the June quarter 2020
Maan Aluminium reported net sales of INR 49.93 crore in the June quarter 2020. That was down 63.26% year on year from INR 135.91 crore in June 2019. Net profit declined by 29.39% to stand at INR 1.61 crore in June quarter 2020. The company had reported net profit of INR 2.28 crore in June quarter...
Indian Railways: Sambalpur Division to get routine overhaul depot by November 2021, largely for alumina carriage wagons
Indian Railways initiative for Sambalpur Railway Division to get a Routine Overhaul (ROH) depot near Sarla railway station needs to be accomplished by November 2021. Pradeep Kumar, Divisional Railway Manager (DRM), Sambalpur, East Coast Railway said: “Work on the ROH project began in March this...
Utkarsha Aluminium Dhatu Nigam Ltd to hire an environmental consultant for its proposed alloy plant in Nellore
Utkarsha Aluminium Dhatu Nigam Limited (UADNL), a joint venture firm of Nalco and Mishra Dhatu Nigam Limited, has reportedly floated a tender to hire a consultancy firm who would be getting environmental clearance for UADNL's proposed high-end aluminium alloy plant at Nellore, Andhra Pradesh. The...
Vedanta hikes its aluminium ingot price by INR 2,000/t with effect from August 8
Vedanta has raised its aluminium products price after cutting it on 7th August. With effect from Saturday, 08 August 2020, the prices of some aluminium ingots are in the range of INR 149,000-162,000 per tonne, an increase of INR 2,000 per tonne from INR 147,000-160,000 per tonne on August 7. With...
Supreme Court of India issues contempt notice to Nalco for prohibiting Vedanta from bidding alumina exports
The Supreme Court of India on 7 th August’20 issued contempt notice to the top executives of National Aluminium Company (Nalco), including its executive director (Marketing) R N Mohapatra and CMD Tapan Kumar Chand, on a petition by Vedanta alleging “willful disobedience” of its January judgment...
NALCO continues to increase its aluminium prices by 2% in response to growing LME benchmark prices
National Aluminium Company Limited has continued to increase its aluminium ingots and products prices for the third time in a row, with effect from Friday, August 7, 2020. Nalco’s aluminium ingots price is now standing at INR 148,750-152,250 per tonne, up by INR 3050-3100 per tonne or 2.09 per cent...
Hindalco reduces its aluminium products price; Ingot price now stands at INR 148,250 per tonne
Hindalco Industries Ltd reduced its aluminium products price after raising it for the fourth time in a row. With effect from Friday August 7, Hindalco aluminium ingots price now stands at INR 148,250 per tonne, a decrease of 1% or INR 1,500 per tonne from INR 149,750 per tonne on August 6. The...
Hindalco’s aluminium ingot price now stands at INR 149,750 per tonne
Hindalco Industries Ltd has raised its aluminium products price for the fourth time in a row. With effect from Thursday August 6, Hindalco aluminium ingots price now stands at INR 149,750 per tonne, an increase of 1.35% or INR 2,000 per tonne from INR 147,750 per tonne on August 5. The company is...
Vedanta raises its aluminium ingot price by INR 2,000/t to INR 148,500-161,500/t
Vedanta has raised its aluminium products price for the fourth time in a row. With effect from Thursday, 06 August 2020, the prices of some aluminium ingots are in the range of INR 148,500-161,500 per tonne, an increase of INR 2,000 per tonne from INR 146,500-159,500 per tonne on August 5. With the...
Aluminium Association of India appeals Government to sustain MEIS scheme for the Industry, $ 5 billion exports stand on risk
The Indian aluminium industry body, Aluminium Association of India (AAI), on 4 th August’20, appealed to the Finance Minister and Commerce Minister of the country to sustain with the processing of MEIS (Merchandise Exports from India Scheme) applications through DGFT MEIS Portal and continuation of...
Vedanta’s aluminium ingot price now stands at INR 146,500-159,500/t
Vedanta hikes its aluminium products price for the third time in a row. With effect from Wednesday, 05 August 2020, the prices of some aluminium ingots are in the range of INR 146,500-159,500 per tonne, an increase of 1.74% or INR 2,500 per tonne from INR 144,000-157,000 per tonne on July 30. With...
Hindalco expands its aluminium prices by more than 1.5% in response to the growing LME price
Hindalco Industries Limited has extended its aluminium ingot and aluminium product price hike for the third time in a row with effect from Wednesday, August 5. According to the price listed by Hindalco, the aluminium ingot price is now standing at INR 147,750 per tonne, up by INR 2,500 per tonne or...
