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 first spring water beverage "Responsible Whatr" launched in recyclable aluminium cans
Fabonest Food and Beverages Pvt Ltd has reportedly launched India's first spring water beverage "Responsible Whatr" in sustainable and endlessly recyclable aluminium cans, canned at the brand’s state-of-the-art plant. The water is rich in naturally balanced essential minerals and is directly...
NALCO increases its aluminium prices by over INR4000/t with effect from June 6
National Aluminium Company Limited (NALCO) increased its aluminium prices with effect from Saturday, June 6. With the latest hike, NALCO's prices of aluminium ingots came in at INR 136,750-140,250 per tonne, up INR 4,200 or 3 per cent from INR 132,550-136,050 per tonne on May 9. The prices of...
Hindalco’s aluminium ingot price stands at INR137,250/t with effect from June 9
Hindalco Industries has raised the prices of its aluminium products for the third time in a row. With effect from June 9, Hindalco aluminium ingots price came in at INR 137,250 per tonne. This records an increase of 1.1% or INR 1,500 per tonne from INR 135,750 per tonne on June 6. The company is...
Hindalco hikes its aluminium ingot price by INR2500/t
Hindalco Industries Ltd has continued to increase the price of its aluminium ingots, billets and wire rods by 2%. This marked the second consecutive hike in the price of the same products. With effect from June 6, Hindalco aluminium ingots price now stands at INR 135,750 per tonne, marking an...
MG Motors eyeing electric vehicles market in India; Plans to increase investment from 2022
MG Motors India Pvt Ltd is reportedly eyeing the electric vehicles market in India. From 2022, the company plans to increase its investment in the EV space expecting the economy to return to normal in a couple of years and electric vehicles to be an attention puller in the domestic automobile...
Vedanta hikes aluminium ingot price by INR 2500/t with effect from June 6
Vedanta has raised its aluminium ingot and billets price by 2% on Saturday. This marks the second consecutive hike in price of same products. With effect from Saturday, 06 June 2020, the prices of some aluminium ingots are in the range of INR 135,500-148,500 per tonne, marking an increase of INR...
NALCO: World Environment Day celebrated by mass plantation
The Indian state-owned National Aluminium Company Limited (NALCO), celebrated World Environment Day on 5 th June’20. As a responsible CSR activity, NALCO’s commitment to environmental care and management has been its hallmark since its inception. To mark it as a great day, mass plantation drives...
FICCI: Hails Govt. of India's direction to auction mineral blocks with pre-embedded clearances
On 5th June'20, Federation of Indian Chamber of Commer and Industry (FICCI) appreciated the Governments direction to auction mineral blocks with pre-embedded clearances and stated the move will attract huge investments. FICCI said: “Increased investments in the mining and metals sector can make the...
HINDALCO: Utkal Alumina in India observes World Environment Day
Utkal Alumina International Limited and Baphlimali Bauxite Mines have observed 5 th June’20 as “WORLD ENVIRONMENT DAY”, as a part of awareness towards environment protection and sustainable development. This activity has been going on every year from the organisation. Huge plantation drive,...
Hindalco increases its aluminium prices by over 1% with effect from June 4
After two consecutive cuts this month, Hindalco has increased the prices of its aluminium ingots, billets, and wire rods by over 1 per cent, with effect from June 4, 2020. With the latest price hike, Hindalco’s aluminium ingot price has jumped to INR 133,250 per tonne, 1.33 per cent higher from INR...
Hindalco’s aluminium ingot price stands at INR 131,500/t with effect from June 3
Hindalco Industries Ltd has continued to cut prices of its aluminium ingots, billets and wire rods by 1%.This marked the second consecutive cut in price of the same products. With effect from June 3, the price for Hindalco aluminium ingots now stands at INR 131,500 per tonne, a decrease of 1.13% or...
Hindalco cuts aluminium ingot price by 2% after three consecutive hikes
Hindalco Industries Ltd has cut prices of its aluminium ingots, billets and wire rods by 2% after hiking them for the third time in a row. With effect from June 1, the price for Hindalco aluminium ingots now stands at INR 133,000 per tonne, a decrease of 2.03% or INR 2,750 per tonne from INR...
Hindalco’s aluminium ingot price stands at INR 135,750/t with effect from May 30
Hindalco Industries Ltd has raised prices of its aluminium ingots, billets and wire rods by more than 1%. This marked the third consecutive hike in price of the same products. With effect from May 30, the price for Hindalco aluminium ingots now stands at INR 135,750 per tonne, an increase of 1.5%...
India’s supply of Hydroxychloroquine to US might turn up with a smaller trade deal, includes the demand to reduce tariff on Aluminium
Taranjit Singh Sandhu, India’s ambassador to the US stated that India and the US could strike a “smaller” trade deal in the coming weeks. This was conveyed by him while acknowledging that the unprecedented challenges posed by the COVID-19 pandemic have been a "bit of a setback" in moving ahead as...
"COVID-19" strike: India Ratings and Research demotes Vedanta’s credit rating to IND AA-
On 27 th May’20, the mining company, Vedanta Limited made public that credit rating agency, India Ratings and Research (Ind-Ra) has demoted the long term issuer rating of the company to IND AA- from the earlier rating of IND AA, revising its outlook from stable to negative. The demotion...
Vedanta hikes aluminium ingot price by INR 1250/t with effect from May 28
Vedanta has increased aluminium ingot and billets price on Thursday after cutting the price of same product by more than 1.5% on Wednesday, May 27. With effect from Thursday May 28, the prices of some aluminium ingots are in the range of INR 133,000-146,000 per tonne, marking an increase of INR...
Vedanta cuts aluminium prices by more than 1.5% after three consecutive hikes last week
After raising aluminium prices for the three times in a row, Vedanta has reduced both aluminium ingots and billets prices as of Wednesday, May 27. After the cut, Vedanta’s aluminium ingot prices are ranging between INR 131,750 per tonne and INR 144,750 per tonne, down by INR 2,250 per tonne or 1.68...
COVID-19 Impact: MP automobile industry pushes government for stimulus and MSME status
In the wake of the plummeting auto sales across the country over the past two months due to the COVID-19 pandemic, the automobile industry in Madhya Pradesh has appealed the government to provide stimulus to the sector and grant it the status of MSME (micro small medium enterprises). The nationwide...
