AL Circle Analysis: Import rise meets demand growth on aluminium extrusion chessboard
Aluminium’s downstream trade network is getting more fragmented as import dependence, changing end-use demand and trade-policy interventions reshape regional markets. From North America and Europe to Asia-Pacific, the aluminium industry is navigating a market where access to supply, competitive...
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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Govt. of India–Ministry of Mines: Projects to auction 5-6 mineral blocks in Madhya Pradesh over next 3 months, includes 2 Bauxite mines
The Ministry of Mines, Govt. of India has projected to auction 5-6 mineral blocks, including bauxite mines, in the central state of India, Madhya Pradesh over the next three months, as per a government official. However, the 11 blocks that were up for sale by the state recently, received a response...
Vedanta’s Jharsuguda smelter plant introduces innovative Monsoon Preparedness Center (MPC)
Vedanta’s Jharsuguda plant has launched an innovative Monsoon Preparedness Center (MPC) in its aluminium smelters and power plants. The plant is equipped with required gear and apparatus to bolster emergency planning and rescue preparedness. CN Singh, CEO – Vedanta Ltd., Jharsuguda said, “Our...
Hindalco cuts its aluminium ingot and product prices by INR2250/t with effect from July 17
Hindalco Industries Limited has cut its aluminium ingot and product prices with effect Friday, July 17, following three consecutive hikes last week. The aluminium ingot price of the company has been reduced by INR 2,250 per tonne or 1.56 per cent to INR 141,250 per tonne. After the last hike on...
India’s alumina imports to decline by 4% in CY2020 in line with its measures to minimise overseas dependence
According to the global export-import data, India’s alumina imports in CY2020 are estimated to stand at 2.27 million tonnes, down by 4.22 per cent from 2.37 million tonnes (approx.) in 2019. In 2018, India had imported 2.69 million tonnes, meaning the country’s alumina imports in 2019 stood down by...
Vedanta reduces aluminium ingot price by 1.50% to INR140000-153000/t w.e.f July 17
According to the latest update, Vedanta Limited has cut its aluminium ingot and product prices with effect from today, July 17, following three consecutive hikes during July 8-10. The company’s aluminium ingot price is now ranging between INR 140,000-153,000 per tonne, down by INR 2,250 per tonne...
“COVID-19” crisis: Manaksia Aluminium in India anticipates minor impact on Q1 FY21 profitability
The flagship company of Manaksia Group, Manaksia Aluminium Company Limited informed the bourses on 16 th July’20 that profitability for the first quarter of FY21 will have a minor impact and the company will focus to return to a profitable level from Q2 onwards. The company is reconditioning its...
Mi Portable Electric Air Compressor rolls-out in India, manufactured from High Precision Aluminium alloy
Xiaomi formally unfolds the Mi Portable Electric Compressor in India after rolling out the teaser over the weekend. The instrument is floated under crowdfunding and tagged with a price of INR 2299 or $30 approx. The portable electric compressor is the same as it is sold in the Chinese market. The...
Vedanta strengthens its Advisory Board with the addition of Jitendra Kumar Dadoo and Prakash Kumar Singh
Vedanta has strengthened its Advisory Board with the addition of Jitendra Kumar Dadoo and Prakash Kumar Singh. The company announced the appointments as it readies for the next phase of growth post-Covid. Jitendra Kumar Dadoo, who retired in the rank of Secretary to Government of India in December,...
India’s Commerce and Industry Minister: 12 sectors with vast potential to axe import dependency, encourage exports; Aluminium spotted among
Piyush Goyal, Commerce and Industry Minister, Govt. of India on 13 th July’20 stated that certain sectors have been spotted with vast potential for India to slash its import dependence, encourage exports and endorse domestic manufacturing. The Minister stood for 12 sectors; aluminium industry is...
Hindalco expands its aluminium ingot price hike to INR143500/t with effect from July 10
Hindalco Industries Limited has further expanded the price hike of its aluminium ingot and aluminium product for the third consecutive day, with effect from Friday, July 10. With the latest hike, Hindalco’s aluminium ingot price is now standing at INR 143,500 per tonne, up by INR 3,250 per tonne or...
Nalco sharply increases its aluminium ingot price by nearly 4% w.e.f July 10 in line with upbeat global prices
National Aluminium Company (NALCO) has increased its aluminium ingot price sharply by INR 5,400 per tonne or 3.9 per cent with effect from Friday, July 10, following the cut on Wednesday, July 8, to INR 138,050-141,550 per tonne. Hence, the company’s aluminium ingot price is now hovering at INR...
Fight against COVID-19: Vedanta boosts preventive measures for its staffs in Jharsuguda
The Vedanta’s Jharsuguda plant has boosted preventive measures to safeguard its employees, families and business partners against the deadly COVID-19. The company is working in close coordination with the Jharsuguda District Administration to ensure business continuity with limited manpower and...
US-India trade deal: Piyush Goyal to meet Wilbur Ross on July 14th, India stands on its demand from exemption of extra duty on Aluminium
India and the US are expected hold a meeting on 14 th July’20 to strengthen bilateral trade, with commerce and industry minister Piyush Goyal and US commerce secretary Wilbur Ross arranged to join in for discussions through a video conference, as per our sources. The limited trade deal between the...
Samsung unveils aluminium edition of Galaxy Watch Active 2 4G in India, company’s all smartwatches to be made in India
A new variant of Samsung Galaxy Watch Active 2 will now be available in India from July 11, as the South Korean tech giant has reportedly unveiled the aluminium edition of the smartwatch in the South Asian country. At the launch, Samsung said this is the company’s first smartwatch to be made in...
Vedanta’s aluminium ingot price now stands at INR 142,250-155,250/t
Vedanta hikes its aluminium products price for the third time in a row. With effect from Friday 10 July 2020, the prices of some aluminium ingots are in the range of INR 142,250-155,250 per tonne, an increase of 2.34% or INR 3,250 per tonne from INR 139,000-152,000 per tonne on July 9. With the...
CICU appeals to Govt. of India: Set forth vehicle scrappage policy to boost automobile sector, aluminium to be recycled
The automobile industry is stumbling under tremendous sales down-fall seeks Government to set forth vehicle scrappage policy to boost the sector. In a letter sent to the Prime Minister’s office, the industrialists stated: “The policy will not only help owners to get an incentive for old polluting...
Vedanta hikes its aluminium products price by INR 2,250 per tonne
Vedanta hikes its aluminium products price for the second time in a row. With effect from Thursday 9 July 2020, the prices of some aluminium ingots are in the range of INR 139,000-152,000 per tonne, an increase of 1.65% or INR 2,250 per tonne from INR 136,750-149,750 per tonne on July 8. With the...
Hindalco’s aluminium ingot price stands at INR 140,250 per tonne with effect from July 9
Hindalco Industries Ltd has raised its aluminium products price for the second time in a row. With effect from Thursday July 9, Hindalco aluminium ingots price now stands at INR 140,250 per tonne, an increase of 1.45% or INR 2,000 per tonne from INR 138,250 per tonne on July 8. The company is now...
