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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Endurance Technologies acquires Grimeca Srl for Euro 2.25 million
Endurance Adler SpA, Italy (EA SpA), the step-down subsidiary of Endurance Technologies Limited and a direct subsidiary of Endurance Overseas Srl, Italy has acquired Grimeca Srl, Italy with effect from 21st May, 2020. The company has acquired a 100% stake in Grimeca for Euro 2.25 million. Endurance...
AAI seeks price correction in REC to shun burden on Aluminium Industry
The Aluminium Association of India (AAI) seeks the Central Electricity Regulatory Commission (CERC) to at once look into the distorted market of Renewable Energy Certificates (REC) which, according to it, is stemming an artificial demand and price surge in the power exchange. AAI vice-chairman...
Hindalco’s aluminium ingot price stands at INR 133,750/t with effect from May 22
Hindalco Industries Ltd has increased prices of its aluminium ingots, billets and wire rods by 2%. This marked the second consecutive in price of the same products. With effect from May 22, the price for Hindalco aluminium ingots are now hovering at INR 133,750 per tonne, an increase of 1.71% or...
Vedanta further increases its aluminium ingots and billets prices by INR 2,000/t with effect from May 22
Vedanta has further increased its aluminium ingots and billets prices, with effect from Friday, May 22. This marks the third consecutive rise in Vedanta’s aluminium prices. The prices of some aluminium ingots after the growth are hovering in the range of INR 134,000-147,000 per tonne, up by INR...
Indian aluminium producers to overcome COVID-19 impact with rising exports and low input costs: Crisil
A new sector report by Crisil indicates that Indian aluminium producers are likely to sail through the COVID19 impacts smoothly with rising aluminium exports, lower input costs, and cost efficiency strategies curated by the industry. "The domestic sales loss has been offset by companies adroitly...
Hindalco raises its aluminium ingot price by INR 2,000/t
Hindalco Industries Ltd has raised prices of its aluminium ingots, billets and wire rods after cutting the prices of the same products by 4%.With effect from May 20, the price for Hindalco aluminium ingots now stands at INR 131,500 per tonne, an increase of 1.54% or INR 2,000 per tonne from INR...
Vedanta raises its aluminium ingot price by INR 1500/t with effect from May 20
Vedanta has increased its aluminium ingot and billets price for the second time in a row. With effect from Wednesday May 20, the prices of some aluminium ingots are in the range of INR 132,000-145,000 per tonne. This marks a growth of INR 1500 per tonne or 1.15% from INR 130,500-143,500 per tonne...
Vedanta hikes its aluminium ingot price with effect from May 19
Vedanta has raised its aluminium ingot price by INRINR 1250 per tonne or 0.97% after cutting them two times in a row. The price is increased to INR 130,500-143,500 per tonne, with effect from May 19. The aluminium ingot price was in the range of INR 129,250-142,250 per tonne on May 17. With the...
Vedanta cuts its aluminium ingot price by INR 1250/t
Vedanta has cut its aluminium ingot price for the second time in a row. With effect from May 17, the prices of some ingots are in the range of INR 129,250-142,250 per tonne. This marks a decrease of INR 1250 per tonne or 0.96% from INR 130,500-143,500 per tonne on May 9. With the latest cut,...
BALCO introduces CSOC to strengthen the security of its people and operations
Bharat Aluminium Company (BALCO), a global pioneer in the aluminium & power sector recently introduced an automated and highly sophisticated Centralised Security Operations Centre (CSOC) to further strengthen the security of its people and operations. This technological augmentation of the security...
Hindalco cuts its aluminium ingot price by INR 5,000/t with effect from May 16
Hindalco Industries Ltd has cut prices of its aluminium ingots, billets and wire rods after raising the prices of the same products by 3%, which came after five consecutive price cuts. With effect from May 16, the price for Hindalco aluminium ingots now stands at INR 129,500 per tonne, a decrease...
COVID-19 Effect: Auto component manufacturers set to defer their planned capex of $4 billion till 2022
On the continuous spread of the COVID-19, the auto component manufacturing companies are set to defer their planned capex of around $4 billion till 2022. This decision has been taken to preserve cash and cope with supply chain disruptions, as per the announcement made by a top official of the...
COVID-19 impact: Govt. of India announces major reforms in the mineral mining sector, advantage inclines to Aluminium industry
On 16 th May’20, Mrs Nirmala Sitharaman, Finance Minister of India announced major reforms in the mining of minerals through a seamless composite exploration-cum-production regime. Mrs Sitharaman announced that 500 blocks of minerals will be auctioned through an open and transparent process. She...
Coal India mandated to replace 100 Million tonnes of imports from non-regulated sector like Aluminium
The Indian state-owned coal mining company “Coal India Ltd” has been mandated by the Government of India to replace at least 100 million tonnes of imports with domestically-produced coal in the ongoing fiscal. An official spoke-person of CIL said: “Coal India has a mandate of replacing at least 100...
COVID-19 impact: AIMO applauds Finance Minister of India's message of special packages to MSME sector
All India Manufacturers Organisation, ( AIMO ), India’s Apex Trade body focused on the MSME sector on 14th May’20 applauded the announcements made by the Finance Minister of India and welcomed the new packages that were offered to the MSME sector. AIMO also emphasized that apart from Money, MSME’s...
COVID-19 impact: FIMI expects Indian Prime Minister’s stimulus package will crop up relief to the highly taxed mining sector
Indian Miners apex body Federation of Indian Mineral Industries (FIMI) on 13 th May'20 hailed the INR 20 lakh crore special economic packages, expressing hope that the stimulus will also be used to give relief to highly taxed and struggling mining sector. FIMI said in a statement: "We are grateful...
Ministry of Mines, India: Urges JNARDDC and NALCO to co-operate each other for the R&D projects in Aluminium Industry
Satendra Singh, Joint Secretary, Govt. of India-Ministry of Mines on 12 th May’20 chaired a review meeting through Video Conferencing with officials of Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) and National Aluminium Company Limited (NALCO) to discuss the ongoing...
Anil Agarwal: Vedanta set to delist from Indian stock exchanges
On 12 th May’20, Vedanta Resources stated that mining and metal tycoon Anil Agarwal plans to offer INR 16,200 crore in cash to take the Indian stock exchanges-listed Vedanta Ltd private. The London-based outfit Vedanta Resources which Anil Agarwal delisted in 2018, is offering INR 87.5 for a share...
