Adani-IHC expand Odisha investment plans to $25bn across 14 projects
Abu Dhabi-based International Holding Company (IHC) and India’s Adani Group have expanded their investment plans in Odisha, outlining INR 2.105 trillion (USD 25 billion) of potential investment across 14 projects spanning metals, critical minerals, energy, chemicals and infrastructure. The...
Odisha CM visits EGA Jebel Ali, highlights NALCO–EGA aluminium partnership
Odisha Chief Minister Mohan Charan Majhi visited Emirates Global Aluminium’s (EGA) Jebel Ali site in Dubai, highlighting the strategic importance of the NALCO–EGA technology licensing partnership in strengthening Odisha’s aluminium industry. During the visit, Majhi emphasised how the collaboration...
Grow with
AL Circle
Aluminium scrap exports by U.S. drops 6% MoM in July; Scrap exports to China continues to decline on China's import tariffs
According to the latest Mineral Industry Survey report from US Geological Survey, aluminium scrap exports by the USA stood at 137,000 tonnes in July 2018, down 5.5 per cent from June 2018 total of 145,000 tonnes. Total scrap exports stood at 965,000 tonnes in the first seven months of 2018. The US...
MRAI urges Indian government to improve aluminium scrap availability
A secondary aluminium industry body Material Recycling Association of India (MRAI) on Thursday, September 27, has requested Indian government to take steps to improve the availability of scrap and address concerns raised by the secondary aluminium industry. The body will also submit a memorandum...
Hindalco’s Dumri captive mine likely to become operational by March
Hindalco Industries chairman Kumar Mangalam Birla has said the company’s fourth captive coal mine at Dumri may become operational by March 2019. Speaking at the 59th annual general meeting of the company in Mumbai, he said that Hindalco has secured around 3.2 million tonne of coal in the linkage...
US to exempt Indian steel, aluminium from high tariffs
In a massive relief for India, the United States is all set to exempt Indian aluminium and steel from the higher tariff regime announced by President Donald Trump's administration this March. But the exemption is likely to come with riders, a top government official tells ET Now. "The US has agreed...
Nalco to invest INR 55.2 billion for aluminium production capacity expansion in the eastern state of Odisha
The state-owned Navratna firm National Aluminium Company Limited (Nalco) never misses to top the headline either because of its new project plan or new collaboration or extraordinary business achievements. Recently, according to a report published in Reuters, Nalco is planning to invest INR 55.2...
India defers retaliatory tariffs on US goods yet again till November 3
India for the third time has reportedly deferred the tit-for-tat tariffs against 29 American products worth US$ 235 million. The tariff was supposed to come into force today, September 18, as a response to the Trump administration for raising import duties on Indian aluminium and steel products....
Hindalco to set up India’s biggest aluminium extrusion and recycling plant in Gujarat
Hindalco Industries Ltd, signed a memorandum of understanding (MoU) with Gujarat government on Friday September 14 to set up India’s biggest aluminium extrusion and recycling plant in Gujarat. The company will be investing an estimated INR 3,500 crore on the project. The MoU was signed by Satish...
IBAAS Conference concludes in Mumbai with deliberations from national and internal delegates from the aluminium value chain
IBAAS successfully organized 7th International Conference and Exhibition (IBAAS-2018) during September 5 - 7, 2018 India with the theme “Indian Aluminium Industry – Status, Strategies & Way Forward for Accelerated Growth”. This Conference covered complete value chain from bauxite to aluminium...
India working on EV infrastructures; improved charging facilities and car procurement remain priorities
Energy Efficiency Services Ltd (EESL) is the body in India that is working hard to implement the government's massive energy efficiency drive. The drive is getting implanted through electric vehicles, LED lighting, smart meters and other factors like demand side management and supporting measures....
Aluminium producers seek parity in levies
Aluminium imports climbed by a fifth in the first quarter to more than half a million tonnes after the imposition of US tariffs, with more such shipments likely, triggering a demand from local producers for protective levies. The industry also wants preference for local aluminium in all government...
Vedanta for the first time receives bauxite from Kodingamali mines, hopes to get more
After managing to run 2 million tonnes per annum refinery for past 10 years with bauxite sourced from several parts of the state and abroad, the aluminium major The Vedanta Limited for the very first time received the raw material from OMC’s Kodingamali mines recently, reported Vedanta’s external...
Vedanta can turn into one of the world’s largest resource companies: Says the new CEO Srinivasan
According to the new Vedanta CEO Srinivasan Venkatakrishnan’s statement shared with PTI in an interview, the firm (oil-to-aluminium group) holds a huge potential to become one of the world’s largest resource companies by expanding outside India without compromising on growth within the country....
India registers growth of 18% in primary aluminium production during April-June
India produced 915 thousand tonnes of primary aluminium during April-June quarter, an increase of 18.2 per cent. The rise in aluminium production was on account of better capacity utilisation and addition, according to a report by Care Ratings. The country’s aluminium consumption grew 15.1 per cent...
Amtek Auto’s net loss stands lower at INR 80.2 crore in Q4 2017
Auto components maker Amtek Auto reported yesterday, August 29, a lower standalone net loss of INR 80.21 crore for the quarter ended December 31, 2017. The net loss, during the contemporary period last year, had stood at INR 241.56 crore, as the company posted. This means the standalone net loss in...
Nalco pays record dividend as net profit jumps on low cost bauxite and alumina production and higher prices
Indian aluminium major NALCO said on August 29 that its net profit for 2017-18 doubled to INR 1,342 crore from INR 669 crore recorded one year ago credited it to its new business plan which has put the company on a new growth path. "The company achieved highest net profit in last 10 years of Rs...
Aluminium industry writes to the PMO about deficit of coal supply; AAI demands resumption in allocation
The Aluminium Association of India (AAI) has reportedly drawn the attention of the Prime Minister’s Office (PMO) to the critical coal shortage situation. The government had decided to allocate more coal-bearing railway rakes to the electricity generation sector which in turn has affected the...
Nalco seeks collaboration with Russia for investment and technology at Angul Aluminium Park
The state-owned Navartna Company under Ministry of Mines National Aluminium Company Ltd. (Nalco) has reportedly pitched for Angul Aluminium Park as a potential area for collaboration with Russia for technology and investment, on August 29. This news came after a discussion in the seventh session of...
MCF to manufacture aluminium coaches for Indian Railways
Modern Coach Factory (MCF) in Raebareli is expected to manufacture aluminium coaches for Indian Railways. The coaches are likely to be featured with better corrosion resistance and to be rolled out in the early half of next fiscal year, Hindustan Times reported. “Aluminium coaches have the...
