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...
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India to postpone retaliatory tariff worth of $235 million against the Trump administration
India is found compassionate towards the United States agreeing to defer its heavy duties on US$ 235 million worth of 29 American goods by 45 days from August 4, upon a request by the US, sources said. This countermeasure by India was a retaliatory act against the Trump administration’s decision to...
GACL commissions its new poly aluminium chloride (PAC) plant in Gujarat, India
Gujarat Alkalies and Chemicals (GACL) has commissioned its new poly aluminium chloride (PAC) plant with a capacity of 32,000 tonne per annum. This is second such plant of the company after the commissioning of it first plant at Dahej complex in 2007, with a capacity of 40,000 TPA, as told by GACL’s...
Vedanta Limited reports record aluminium production and 31% rise in EBITDA in Q1 2018
Vedanta Resources plc's subsidiary Vedanta Limited announced consolidated results for the first quarter ended 30 June 2018. The company reported continued strong financial performance. The company reported revenues of INR 22,206 crore, up 15 % YoY and EBITDA of INR 6,529 crore, up 31% YoY. Vedanta...
India’s aluminium scrap import sees Y-o-Y growth and knocks the fear of primary aluminium sector
According to the data found by the Ministry of Commerce and Industry, India’s aluminium scrap import grew year on year, while the country’s scrap export, although smaller in volume, stood the same over the past four financial years. In FY2014-15, a total amount of aluminium scrap imported by India...
New Tabular Alumina Plant by Almatis to come online in Falta, West Bengal
Almatis, a global leader in production and supply of premium alumina and alumina-based products, announced to set up a new Tabular Alumina plant in Falta, West Bengal, with the aim to expand its business across Asia. Almatis was previously a part of global aluminium major Alcoa but now owned by one...
Report suggests recognition of aluminium sector as India’s ninth core industry
A report by VK Saraswat, NITI Aayog member, and Aniruddha Ghosh, a Delhi-based economist suggests that the Centre must actively consider recognizing the aluminium sector as India’s ninth core industry. The sector contributes to 2% of manufacturing GDP and creates about 8 lakh direct and indirect...
Arfin India to expand its aluminium product facilities to cater to growing export demand
Arfin India, which is one of India’s leading aluminium products manufacturing companies has been consistently upgrading its product categories through innovative techniques and research to stand tall in its category. The company has consistently improved its earnings before interest, depreciation,...
Hindalco Novelis is about to close in on a $2.3-2.5 billion acquisition deal of Aleris Corp
Novelis, the US-based downstream arm of India’s largest aluminium producer Hindalco Industries Ltd, is closing in on a $2.3-2.5 billion acquisition of Aleris Corp. Talks between both sides are gathering momentum after a lull of over six months, said several people with knowledge of the matter. The...
In Conversation - With Mr. Dominic Marcotte, Consul and Director, Bureau du Quebec in Mumbai
AlCircle has been in a cordial relationship with Bureau du Quebec in Mumbai, mostly attributed to our long time association with Aluminium Association of Canada as well as the Quebec Aluminium Industry, as a portal catering to the global aluminium sector. We had an opportunity to interact with Mr....
India & US aim at resolving concerns over bilateral trade, US to hand over problem-list to India
A new of round of talks between the United States and India late last month has resulted in a decision that the Trump administration will hand over a “problem-list” to India assembling all the trade issues between the two countries. This will be done next week in the hope to iron out differences...
MRAI urges Indian government to eradicate 2.5 per cent duty on aluminium scrap import
Secondary aluminium industry body Metal Research Association of India (MRAI) urged the Indian government today, July 18, to completely eradicate the 2.5 per cent customs duty on aluminium scrap import. Earlier, MRAI also opposed the Aluminium Association of India’s proposal to levy 10 per cent duty...
India, U.S. set to meet over metal tariffs this week
The U.S. and India are scheduled to sit across the table this week in Geneva to discuss the case filed by India with the World Trade Organization’s (WTO) dispute settlement mechanism over the U.S.’s imposition of import duties on steel and aluminium. The talks will be held under the aegis of WTO’s...
ALUMINIUM INDIA 2019 & INCAL Conference to be held together for the first time in Bhubaneswar, Odisha
A press release from the Reed Exhibitions confirms that ALUMINIUM INDIA 2019, the subcontinent’s biggest event for this sector will be held simultaneously with INCAL Conferencefrom 31 January to 2 February in Bhubaneswar, Odisha; the hub of the Indian aluminium industry. Indian Aluminium Industry...
India’s retaliatory act on US aluminium and steel tariffs not apt, says USTR
Deputy USTR Jeffrey Gerrish said India’s recent retaliatory act against the US decision to impose tariffs on imported aluminium and steel was not appropriate. Mr. Gerrish opposed India’s retaliation by claiming that US’ tariffs on imported aluminium and steel were not a safeguard measure....
AAI demands higher import duty on aluminium scrap
Aluminium Association of India (AAI) has urged the government to increase the duty on imports of aluminium scrap as the domestic sector may become a victim of escalating trade war between the US and China. The statement comes in the wake of Washington imposing 25 percent duties on USD 34 billion of...
Japan’s Toyo Aluminium obtains 33% stake in Svam Packaging
33.4 per cent stake in the capital-based pharma packaging firm Svam has been taken over by Japanese packaging giant Toyo Aluminium K.K. for an undisclosed amount. As agreed in the joint venture, Svam Packaging will now be known as Svam Toyal Packaging Industries. This partnership is expected to...
Kochi Metro Rail considers aluminium as an option for the hull of its water metro ferries
Kochi Metro Rail Limited (KMRL) has published a corrigendum in its tender to procure vessels for its water metro project including aluminium as an option for the hull of 36 Water Metro ferries and extended its last date. The metro agency had earlier zeroed in on marine-grade steel for the hull and...
ASMA vehemently opposes primary producers’ appeal for restrictions on Chinese aluminium scrap import
ASMA (Aluminium Secondary Manufacturers Association) representing about 3500 small and medium industrial units spread all over India, engaged in the manufacture of various downstream aluminium products, such as extrusion, flat rolled products, utensils, cable and conductors etc. has reacted...
