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 should get ready to travel in world-class Aluminium coaches: Indian Railways to acquire new technology
Indian Railways braced for world-class aluminium coaches. Piyush Goyal, Minister of Railways and Commerce, India, led the occasion to award a Transfer of Technology (ToT) contract to a Korean company for the development of potentialities for production to the commissioning of aluminium-bodied...
A brief interview with Maurizio Sala, President Foundry Ecocer and President of Amafond, Italian Foundry Suppliers’ Association
The EU3 triad of France, Germany and Italy is one of the European Union’s economic pillars. The EU3 triad demonstrates technological and financial development axes and, even after the exit of the UK from Europe, it still contributes 50% of the total budget of Europe’s 26 states. In the exchange...
Nalco’s net sales declined 23% YoY in Q3FY20
National Aluminium Company Limited (Nalco) published its financial results for the third quarter ended December 31, 2019. The company posted net loss of INR 33.90 crore in Q3FY20, from net profit of INR 302.35 crore in Q3FY19. Nalco’s net sales stood at INR 2088.35 crore in Q3FY20, a drop of 23.2...
Launch of SCRAPEX 2020 – The Recycler’s Expo at Bombay Stock Exchange, Mumbai
SCRAPEX 2020 will be an International Exhibition on Metals, Steels, Chemicals, Plastic, Paper, E-waste, Rubber, Glass, Tubes, Pipes, Wires, Water, Wood, Machinery, Tools, Processing and Allied Industries. The official launch of SCRAPEX 2020 – The Recycler’s Expo was successfully concluded in...
The EV battery that runs on water and aluminium: an Interview with Akshay Singhal, Founder & CEO, Log 9 Materials
When the news of a Bangalore based start-up Log 9 Materials developing an EV battery powered by water and aluminium appeared in media, it generated curiosity in the metal industry, battery industry as well as the EV market. AlCircle decided to learn a little more about the innovative technology and...
Indian Motorcycle’s Styling FTR Rally 2020 furnished with Aluminium wire wheels now made available in North America
Indian Motorcycle, America’s first motorcycle company, on 7 th February’20 published the retail availability of the FTR Rally 2020 in North America. The retro styling with modern performance capabilities was launched in Milan at EICMA in November 2019. The FTR Rally 2020 will be now shipped to...
Vedanta reduces aluminium products prices by nearly 1% for the fifth time
Vedanta Limited has reportedly reduced the prices of its aluminium products by nearly 1 per cent for the fifth time within two weeks. The cut is with effect from Wednesday, February 5, which brings the company’s aluminium products price to INR 135,250 per tonne to INR 148,250 per tonne, the lowest...
Hindalco cuts aluminium ingots price by nearly 1% with effect from February 5
Hindalco Industries Ltd has reduced the prices of aluminium ingots, billets, and wire rods by nearly 1%. With effect from February 5, the aluminium ingot price now stands at INR 137,250 per tonne, a drop of 1.8% from INR 138,750 per tonne on February 4. This is the second time in a row that the...
“As India grows and evolves, it will have higher consumption patterns across all sectors, and aluminium consumption will also hence grow” – Abhijit Pati, Chief Executive Officer, Bharat Aluminum Company Limited
Bharat Aluminium Company Limited (BALCO) was established in 1965 as a Public Sector undertaking in Korba, Chhattisgarh. After its disinvestment in 2001, the Vedanta Group has taken over its management. The plant is hailed as one of India’s greatest disinvestment turnaround success stories, with a...
IndianOil partners with Phinergy of Israel for manufacturing of aluminium-air batteries in India
Indian Oil Corporation (IOC), India’s largest fuel retailer, has joined hands with Israel-based start-up Phinergy for development, manufacturing, assembly and sale of aluminium-air batteries. “IndianOil has taken a minority equity stake in Phinergy (Israel). IndianOil and Phinergy are now in the...
IndianOil partners with Phinergy of Israel for manufacturing of aluminium-air batteries in India
Indian Oil Corporation (IOC), India’s largest fuel retailer, has joined hands with Israel-based start-up Phinergy for development, manufacturing, assembly and sale of aluminium-air batteries. “IndianOil has taken a minority equity stake in Phinergy (Israel). IndianOil and Phinergy are now in the...
India’s bauxite import sees Y-o-Y growth in 2019
According to the global export-import data, India’s estimated imports of bauxite climbed 27.13% from 2018 and 47.53% from 2017 to stand at 2.39 million tonnes in 2019. The country has been following an upward pattern for bauxite import. Guinea was the top supplier of the ore to India in 2019....
BALCO Medical Centre in Raipur emanated as the biggest Cancer hospital in central India
World Cancer Day was incepted on 4 th February 2000 at World Summit against Cancer for the New Millennium in Paris, today it marks its 20 th anniversary. The individuals and organisations over the last two decades, across the world, have contributed to the global collaboration to promote research,...
India and USA to finalize $10 Billion trade deal including exemption from high duties on Aluminium: Forthcoming Trump’s visit to India
A stack of deals on trade and defence are on the board as New Delhi is making preparations to host US President Donald Trump as early on February’20. Several dates are being mulled over, the US President may be able to make it between February 21 and 25 with a three-stop India tour as his itinerary...
Old vehicles scrappage policy awaiting fine-tune by concerned ministries: Nirmala Sitharaman
Scrappage policy for old vehicles is awaiting a “fine-tune” by concerned ministries, and as soon as that is done it will be announced. Such was the statement from the Finance Minister Nirmala Sitharaman on Saturday, February 1, after the Union Budget 2020-21. She said, "Scrappage policy is in the...
Puma Sport Connected smartwatch with Aluminium lightweight body premiered in India
The globally renowned sports gear and lifestyle brand Puma premiered its first-ever smartwatch, the Puma Sport Connected, in India. The wearable product is made available for purchase on the Puma’s official website and also on Flipkart e-commerce site. The smartwatch is priced INR 19,995 in India...
Hindalco cuts aluminium ingots price by nearly 1.5% with effect from January 30
Hindalco Industries Ltd has reduced the prices of aluminium ingots, billets, and wire rods by nearly 1.5%. With effect from January 30, the aluminium ingot price now stands at INR 140,750 per tonne, a decrease of 1.57 from INR 143,000 per tonne on January 28. This is the third time in a row that...
Aluminium Chassis Lamborgini Huracan RWD ready to blaze the Indian roads
Lamborghini globally launched the Huracan Evo RWD supercar on 7 th January’20. Within a month, the carmaker is ready to blaze the Indian roads with rear-wheel-drive. The Huracan RWD is built with chassis made of aluminium and carbon fibre. The bodywork is an amalgamation of aluminium and...
