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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Utkal alumina expansion worth of INR 1300 crore to be completed in next 30 months
Utkal Alumina International, a fully-owned subsidiary of Hindalco, declared on July 4, that it would most likely finish its 500-kilotonne expansion over the next 30 months. This project involves a capital outlay of INR 1300 crore. Hindalco managing director Satish Pai told, “Our Utkal plant remains...
Can-Eng Furnaces bags contract to supply aluminium casting heat treatment system
Can-Eng Furnaces International Limited, a global supplier of high-quality furnaces, announced that the company has been contracted to design, manufacture, install, and commission an Aluminium Automotive Casting Heat Treatment system by an India based conglomerate in South Carolina. Can-Eng was...
Aluminium export by India up 36% to 1.66 million tonnes in 2017-18; while imports dropped 15%
Figures of the Union commerce and industry ministry indicated that aluminium exports from the country increased by 36 per cent in 2017-18, aided by global demand, which outstripped supply. The declaration of US tariffs on aluminium and steel imports from most of the countries, a 21 per cent growth...
Skilled manpower will be highly valued: Says Nalco
On the expected three-fold growth in steel and aluminium consumption by 2030, Nalco CMD Tapan Kumar Chand declared that skilled manpower will get their due values. He said, “The pattern of employment is undergoing a drastic change. The skill sets need to be realigned to meet the demands of the...
RBI urges Hyderabad High Court to lift stay on Anrak Insolvency
The Reserve Bank of India has urged the Hyderabad High Court for seeking to permit The State Bank of India to go ahead with insolvency proceedings against Anrak Aluminium, an Indo-UAE joint venture. SBI legal counsel VK Sajith has confirmed the RBI’s petition but refused to comment on the matter...
The Indo-Italian MetalHub in Milan highlighted the merger of Italy's technical excellence and the mineral wealth of India
The Indo-Italian MetalHub , a one day event, which was designed to encourage cooperation between the Indian and Italian industrial metals districts, was held in Milan on July 2. This marked another step towards the cooperation between the technical excellence of Italy and the mineral richness of...
India to join Norway in WTO consultations over US aluminium and steel tariffs
In a communication to the World Trade Organisation (WTO), India expressed its willingness to join Norway as a third party member in WTO dispute consultations over US’ decision to impose higher tariffs on aluminium and steel products imports. India had dragged the United States earlier as well to...
The Indo-Italian MetalHub event: A doorway to India, Italy cooperation
The Indo-Italian MetalHub event, to be held in Milan on July 2, is expected to mark a new definition of cooperation between the intellectual inquiry and industrial districts of Italy and India as it is going to witness a significant moment of interaction between the two countries in the field of...
Indian companies ask government to place restrictions on aluminium imports from China
According to the presentation made by the Aluminium Association of India (AAI) and reviewed by Business Standard, the Indian aluminium industry has been suffering over the years because of the unfavourable Free Trade Agreements (FTAs) that allowed China to dump a huge amount of aluminium in India....
India to impose retaliatory measures on US exports from August 4
India today, on June 21, 2018, notified that it would impose retaliatory tariffs against 30 US products from August 4, 2018. The products are worth of US$240 million to counter Trump administration’s move to unilaterally hike duties on Indian aluminium and steel exports. Although the Indian...
Anrak Aluminium to revive its 1.5 million tonne alumina refinery in Vizag
Anrak Aluminium Limited (AAL), a joint venture of Penna Group and Ras Al Khaimah Investment Authority, is reportedly taking a serious effort to recommence operations at its alumina refinery in Vishakhapatnam, Andhra Pradesh. The company is planning to arrive at a one-time settlement with the...
South Korea's import of aluminium wire estimated to decline noticeably in H1 2018
South Korea imported US$ 44.3 billion worth of good in May 2018. The country also imports aluminium wire from the global market every year. Global trade data indicates that the country will import 41 per cent less aluminium wire in the first half of 2018, compared to the same period last year. The...
India to impose duties on 30 US products in retaliation against aluminium and steel tariffs
According to an official, India will raise duties on 30 US products, including motorcycles with engine capacity over 800cc, fresh apples and almonds, in retaliation against Washington’s move to impose higher duties on Indian aluminium and steel exports. “This is the first time that India has levied...
MCX aluminium up on rising demand
Aluminium prices advanced by 0.19 per cent to INR 154.30 per kg in futures trading today as speculators engaged in building up positions, tracking a firm trend at spot market on soaring demand. At the Multi Commodity Exchange, aluminium for delivery in June edged up by 30 paise, or 0.19 per cent to...
Aluminium recycler and secondary alloy producer Century Metal Recycling files for IPO
Century Metal Recycling Ltd, a leading India based recycler of aluminium and zinc alloys, has filed its draft prospectus with the Securities and Exchange Board of India (SEBI) to float an Initial Public Offering. The IPO includes fresh shares worth INR 150 crore and a sale of 6.4 million shares by...
Iran exported 45 thousand tonnes of aluminium in Q1 2018
According to the latest figures showed by the Iranian Mines and Mining Industries Development and Renovation Organization, Iran produced 60, 947 tonnes of aluminium in the first two months of the current Iranian year (March 21-May. 21), an increase of 9.7 per cent from the same period last year....
NALCO Bags Kalinga CSR Award
National Aluminium Company Limited , has bagged the Kalinga CSR Award-2017. The company has conferred this award in recognition to its Best CSR Activities for Sustainable Development. The award was given away during the third National Seminar on 'Corporate Social Responsibility Initiatives-2018...
India will see threefold increase in aluminium consumption by 2030: NALCO CMD
NALCO Chairman cum Managing Director Tapan Kumar Chand said consumption of aluminium is set to triple by 2030 in India and aluminium producers have to increase its manufacturing capabilities to meet the demand. Dr. Chand said India will have more than double of the existing aluminium consumption...
