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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Gravita India Limited’s sales volume increased by 34% in Aluminium division in Q4 FY 2020
Gravita India Limited announced consolidated results for the full year and Q4 2020. In Q4 2020, sales volume increased by 34% in Aluminium division. Consolidated revenues increased by 44% Y-o-Y to lNR 379.26 Cr. Net profit rose to stand at INR 12.6 I Cr against loss of INR 0.58 Cr last quarter due...
Hindalco’s aluminium ingot price stands at INR135,750/t after second consecutive day of cut on June 26
Hindalco Industries Limited has again cut its aluminium prices today, on June 26, just after reducing them yesterday by INR 2000 per tonne. This marks the second back-to-back day in a week that Hindalco has trimmed its aluminium prices. Today, the company has cut the prices by INR 1750 per tonne,...
Top 5 Aluminium Importing Countries from US in March 2020; Mexico remained the mainstay
According to the data released by the US Geological Survey, the United States in March 2020 exported 254,000 tonnes of aluminium (including scrap), marking a month-on-month hike of 7.63 per cent from 236,000 tonnes. This brought the United States total aluminium exports in the first quarter of 2020...
Vedanta’s aluminium ingot price stands at INR 133,750-146,750/t with effect from June 26
Vedanta has reduced its aluminium products price for the second time in a row. With effect from Friday 26 June 2020, the prices of some aluminium ingots are in the range of INR 133,750-146,750 per tonne. This marks a drop of INR 2000 per tonne or 1.47% from INR 135,750-148,750 per tonne on June 25....
India-USA trade deal: Indian Minister of Commerce will be talking to USTR Lighthizer in a short time; exemption from high duties imposed on Aluminium is among the priority
On 25 th June, Piyush Goyal, Indian Minister of Commerce and Industry said: “Will be talking to USTR Robert Lighthizer in the next few days to quickly wrap up initial aspects of the proposed trade deal, which is under negotiations.” “India and the US are negotiating a trade deal to iron out...
Indian Union Territory Ladakh bans usage of plastic water bottles in Govt. offices; alternative like Aluminium bottles can be used
On 24 th June’20, an official spokesperson said that a big step to realise the long term goal of 'carbon neutral Ladakh', the Union Territory administration has ordered a complete ban on the use of plastic water bottles and other plastic made objects in government offices and other institutions....
Vedanta reduces its aluminium ingot price by INR2000/t with effect from June 25
Vedanta has cut its aluminium products price on Thursday after raising it by more than 1% on June 18. With effect from Thursday 25 June 2020, the prices of some aluminium ingots are in the range of INR 135,750-148,750 per tonne, marking a decline of INR 2000 per tonne or 1.45% from INR...
Hindalco cuts its aluminium ingot price by INR2000/t with effect from June 25 after a hike last week
Hindalco Industries Limited has again reduced its aluminium prices in line with the market demand and supply, following a hike last week. The company has cut its aluminium ingot price by INR 2000 per tonne or 1.43 per cent, with effect from June 25, to bring down the price at INR 137,500 per tonne...
“Self-Reliant India”: RoDTEP scheme can be a “Game-Changer” in boosting exports, benefit to Aluminium industry
On 14 th September’19, the Finance Minister of India, Nirmala Sitaraman announced Remission of Duties or Taxes on Export Products (RoDTEP). The scheme is progressive towards boosting exports and employment generation in various sectors in the country. The RoDTEP scheme will replace the existing...
Protective Measures against COVID-19: JNARDDC manufactures an all-aluminium food-operable sanitiser dispenser
According to a recent report, Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC), Nagpur, has manufactured an all-aluminium foot-operable sanitiser dispenser and alcohol based advanced hand sanitiser named Corovirunil. The purpose of inventing foot-operable dispenser is to...
Hindalco exports more than 80% of total output to minimise inventory build-up
Hindalco is exporting more than 80 per cent of the total output to minimise inventory build-up and to absorb plant fixed costs. Countries like Korea, the USA, Malaysia, Brazil, and Japan are leading importers of these products. The demand from the domestic market is down due to the Covid-19...
No laterite is sent to Vedanta, claims Andru Minerals
Andru Minerals, which owns eight mining leases in Vanthada village of Prathipadu Mandal, East Godavari district, has claimed that the allegations made on them of sending the laterite that they mine to Vedanta hold no truth, according to a recent report. In a press release, Andru Minerals stated...
NALCO increases its aluminium prices by nearly 1% w.e.f June 20 in line with market demand and consumption
National Aluminium Company Limited (NALCO) has again increased its aluminium prices with effect from Saturday, June 20, following a cut on Wednesday, June 17. According to the prices revealed by the company, aluminium ingots prices are now ranging between INR 140050 per tonne and INR 143,550 per...
India starts-off anti-dumping duty probe against importation of aluminium foil from China and others
India has commenced anti-dumping duty probe against certain kinds of aluminium foil imported from China, Indonesia, Malaysia and Thailand. Aditya Birla owned Hindalco Industries, Raviraj Foils and Jindal India Ltd have filed the application affirming dent resulting from the alleged dumping in the...
Hydro: India's precision tubing plant shuts down with immediate effect
Hydro has planned to shut down its loss-making precision tubing Pune plant with immediate effect as of June 20, 2020. The company announced that its business area Extruded Solutions has decided to close the Hydro Precision Tubing Pune plant in India. The basis for continued operation is not...
PM Modi steps ahead for “Self-Reliant India”: Rolls-out auction for commercial coal mining, win-win for Bauxite mining and Aluminium Industry
On 18 th June’20, The Prime Minister of India Narendra Modi initiated the auction of 41 coal blocks for commercial mining video-conference. The allocation of the mines has been adopted with a two-stage e-auction. The decision was part of the announcements made by the Government of India under the...
US desire to restore duty benefits to Indian exporters, sun-ray for Indian Aluminium Industry
The US has shown a desire to restore the duty benefits to Indian exporters under its Generalised System of Preferences if it receives a competent counter-offer from the Government of India. The officials of the Ministry of Commerce were closed-lipped on the kind of quid-pro-quo concession India...
Hindalco plans to sell two-thirds of its aluminium production overseas
Hindalco Industries Limited has planned to sell about two-thirds of its aluminium production overseas this year on lower local demand due to the coronavirus pandemic, Bloomberg reported. Managing Director Satish Pai said exports will increase by around 65% of total production compared with last...
