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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India’s import of aluminium scrap from the US stands 55% higher in Q1 2020
India’s imports of aluminium scrap from the US stood at 34,100 tonnes in March, with a month-on-month increase of 3.65%. India had imported 32,900 tonnes in February 2020. On a yearly basis, imports increased by 31% from 26,100 tonnes in March 2019, as updated by the US Census Bureau. In the first...
“India will be a global manufacturing hub for EV within the next five years”: Minister of Road Transport, Govt. of India
On 18 th June’20, Nitin Gadkari, Indian Union road transport minister communicated that he believes India will be a manufacturing hub for electric vehicles (EV) and too within the next five years. He added to his statement that multiple countries are folding there are folding their hands from China...
NALCO cuts aluminium ingots and products prices by INR2,600/t with effect from June 17
Following the two consecutive hikes, National Aluminium Company Limited (NALCO) has decreased its aluminium ingots and aluminium products prices by INR 2,600 per tonne or 1.8 per cent with effect from Wednesday, June 17. NALCO’s aluminium ingots price is thus, now hovering at INR 139050-142550 per...
Wheels India’s cast aluminium facility to go on stream in September
The cast aluminium facility of Wheels India is set to go on stream in September 2020. The INR 120 crore cast aluminium plant will cater to the export demand. Wheels India expects strong demand from the windmill and railways segments. The new unit will have an annual production capacity of 7.50 lakh...
Vedanta hikes its aluminium prices by INR 2,000 per tonne following two back-to-back cuts
According to the recent report, Vedanta has increased its aluminium ingots prices by INR 2000 per tonne or 1.47 per cent with effect from Thursday, June 18. The prices are thus, now ranging between INR 137,750 per tonne and INR 150,750 per tonne, as compared to INR 135,750-148,750 per tonne on...
Hindalco increases its aluminium prices by 1% with effect from June 18 after two consecutive declines last week
Hindalco Industries Limited has increased its aluminium products prices with effect from Thursday, June 18, after two consecutive declines last week. With the latest hike, the company’s aluminium ingot price is now standing at INR 139,500 per tonne, an increase of INR 2,250 per tonne or 1.63 per...
DRDO: Made in India Aluminium bodied automatic sanitizer dispensing unit now entering the households as mini version floats
Publicizing a first of its kind innovation, Riot Labz presents a small version of Oakmist – automatic mist based hand sanitizer dispensers, named “Oakmist Mini”. This was designed and developed by the Defence Research and Development Organisation (DRDO). The Mini version is being floated to meet...
China’s tension with India will upsurge India’s domestic production, including Aluminium
“The scaling tensions with China create an accelerated expectation of India’s attempt slow down its import dependency from its neighbour of North and shift the required demand to the local manufacturing” – as per industry experts. Even though China has cropped up to be India’s biggest trading...
COVID-19 impact: Indian aluminium utensils producers encounter challenges of Raw materials and labours
The aluminium utensil producers in some of the districts of the Southern part of India have resumed their factories last month. Insufficiency of raw materials and workers are the crucial challenges they have been facing. Suresh Shankar, CEO, Gomathi Metals said: “For the aluminium utensil...
Vedanta cuts aluminium ingot price for the second time in a row
Vedanta has cut its aluminium products price for the second time in a row. With effect from Saturday 13 June 2020, the prices of some aluminium ingots are in the range of INR 135,750-148,750 per tonne, registering a decline of INR 1500 per tonne or 1.09% from INR 137,250-150,250 per tonne on June...
Hindalco reduces aluminium ingot price by INR 1,500/t with effect from June 13
Hindalco Industries Ltd has cut its aluminium products price, marking the second consecutive fall. With effect from June 13, Hindalco aluminium ingots price now stands at INR 137,250 per tonne, a drop of 1.08% or INR 1,500 per tonne from INR 138,750 per tonne on June 12. The company is now selling...
Aid towards COVID-19 testing: Aluminium extrusion maker Sagar Asia producing disinfection tunnels and testing booths for hospitals
Sagar Aisa, Hyderabad, India based aluminium extrusion maker and supplier for Walmart India, has remodelled its business to produce aluminium disinfection tunnels and testing booths towards the support of COVID-19. The company has repurposed its Hyderabad unit and came out with the new products in...
Govt. of India to endorse the establishment of Angul Aluminium Park to attract investments
Angul Aluminium Park Private Limited is a Private incorporated on 30 th July 2010. It is classified as Non-Govt. Company and is registered at Registrar of Companies, Cuttack, Odisha. Dharmendra Pradhan, Minister of Petroleum & Natural Gas and Steel, Govt. of India, on 13 th June’20, organised a...
Vedanta cuts aluminium ingot price by INR 2000/t with effect from June 12
Vedanta has cut its aluminium products price after three hikes in a row. With effect from Friday, 12 June 2020, the prices of some aluminium ingots are in the range of INR 137,250-150,250 per tonne, marking a drop of INR 2000 per tonne or 1.44% from INR 139,250-152,250 per tonne on June 11. With...
NALCO’s aluminium ingots price stands at INR 41,650 – 145,150/t with effect from June 11
National Aluminium Company Limited (NALCO) has increased its aluminium products price for second time in a row. With effect from Thursday, 11 June 2020, NALCO's aluminium ingots price stood at INR 141,650 – 145,150 per tonne, registering a hike of INR 4,900 or 3.58 per cent from INR 136,750-140,250...
Hindalco FY20 profit slips 31% to INR 3,767 crore, revenue sinks 9%
Hindalco Industries, a subsidiary of the Aditya Birla Group, closed the financial year 2019-20 (FY20) with 31% downturn in its consolidated net profit at INR 3,767 crore as compared to INR 5,495 crore in the preceding fiscal. The consolidated revenue from operation drops by 9% to INR 1.18 lakh...
Hindalco hikes aluminium ingot price for the fourth time in a row
Hindalco Industries Ltd’s aluminium products price continued to trend higher. This marked the fourth consecutive hike in the price of the same products. With effect from June 11, Hindalco aluminium ingots price now stands at INR 140,750 per tonne, marking an increase of 2.55% or INR 3,500 per tonne...
Vedanta expands its aluminium price hike to nearly 3% with effect from June 11
According to a recent report, Vedanta has further increased its aluminium ingot and billet prices with effect from Thursday, June 11, marking the third consecutive growth. While the rate of price hike has increased from the earlier time to 2.77 per cent or INR 3,750 per tonne, the aluminium ingot...
