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 likely to urge WTO for US aluminium and steel imports tariffs
Like many other countries, India too is perturbed about the US aluminium and steel imports tariffs and thus, decided to approach the WTO’s dispute settlement body to question the duty hike, especially after an exception made for the European Union, Australia, Canada and Mexico by the US on late...
Vedanta to invest INR 12.4 bn on Jharsuguda smelter to elevate aluminium capacity
Vedanta has proposed to invest INR 12.4 billion on its Jharsuguda unit (Odisha) to elevate the capacity of aluminium smelter from 1.6 million tonnes to 1.8 million tonnes per annum. The proposal underwent a scrutiny of the State Level Single Window Clearance Authority (SLSWCA) yesterday (March 22,...
Sierra Leone’s exports of bauxite projected to decline in 2018; Romania remains the top importer
Sierra Leone’s primary mineral resources are diamonds, rutile, bauxite and gold among others. The country’s exports of bauxite have been rising over the last three years.Total bauxite export volume is expected to decrease in 2018. Romania imports the largest chunk of bauxite from Sierra Leone....
Nalco and Almex plan JV for INR 25 billion auto-grade aluminium unit
Nalco has firmed up plans to form a joint venture and Ontario (Canada) based Almex at the upcoming Angul Aluminium Park in Odisha for the production of auto-grade aluminium. The unit with INR 25 billion investment will be set up on 50 acres at the park. “Almex has responded to our EoI (Expression...
AAI organised One Day National Seminar on Development of Special Alloys and Composites of Aluminium for New India
The city, known for its prodigious business hub or popularly recognised as the economic capital of India - Mumbai witnessed a prestigious One Day National Seminar on Development of Special Alloys and Composites of Aluminum for New India on 16th of March, 2018, organised by Aluminium Association of...
A high rate of GST destroys aluminium recycling units, says industry
The Goods and Services Tax (GST), even after being introduced eight months ago, is still stirring a storm among businessmen from all industries, including aluminium. A high rate of the tax, with no provision for refund, has been persistently threatening to demote the aluminium recycling industry, a...
Indian aluminium producers ask for exclusion from US aluminium tariff
Indian aluminium producers have urged US government to exclude them from the new tariff as aluminium imports from India do not affect U.S. national security and domestic industry. U.S. President Donald Trump last week signed proclamation that imposed 10 per cent levy on imported aluminium. The...
Italy’s aluminium scraps export estimated to decrease in 2018
The demand for secondary aluminium is increasing significantly due to the growing requirements of lighter vehicles. The demand for this product will continue to grow in the coming years. Italy exports substantial amount of aluminium scrap every year. Looking at the previous year, the country’s...
Odisha Mining Corporation to e-auction bauxite next month
Odisha Mining Corporation (OMC), a state run mining entity, is all set to conduct the first ever national e-auction for bauxite in April. The deadline for registration to participate at the national auctions for bauxite is March 23. At the national e-auction, OMC will directly deal with the...
Synergies Castings signs MoU with Andhra govt for aluminium alloy wheel plant
Vishakhapatnam-based aluminium alloy wheel manufacturer Synergies Castings Limited has recently entered into a Memorandum of Understanding with Andhra Pradesh government to set up greenfield aluminium casting alloy wheel plant in Vishakhapatnam. “As customer requirements become exceedingly more...
Trump’s administration tariff will have indirect effect on Indian exports
Tapan Kumar Chand, CMD, NALCO and Chairman of Aluminium Association of India told PTI that Indian aluminium industry will be not significantly affected by aluminium tariff. Since India already has a large export market in the ex-USA world so tariff will affect a small portion of its aluminium...
Nalco seeks investors for Angul Aluminium Park at PDAC convention, Canada
India Day was celebrated at the Prospectors & Developers Association of Canada (PDAC) convention in Toronto, Canada, on Wednesday. Speaking on the occasion, Nalco CMD and Aluminium Association of India chairman Dr Tapan Kumar Chand said India and Odisha in particular are making rapid progress in...
HP launches Spectre x360 with aluminium body in India
HP has announced the launch of the next-generation Spectre x360 laptop in India. The model comes with a CNC machined aluminium body in dark ash silver colour. The company claims that new HP Spectre x360 is one of the thinnest convertible notebooks currently available in the market. Vickram Bedi,...
India’s Ministry of Mines to auction 10 bauxite blocks by April
Ministry of Mines is set to auction around 10 bauxite blocks in the month of March and April, 2018 in a bid to enhance India’s aluminium production, a senior government official said. Mines Secretary Arun Kumar said: “We are well endowed with bauxite reserves and I am aware that some industries are...
Patrick Industries acquires Indiana based Aluminum Metals Company
Patrick Industries, Inc. announced complete acquisition of the business and certain assets of Aluminum Metals Company, LLC, based at Elkhart, Indiana. AMC is a manufacturer and distributor of aluminium products including coil, fabricated sheets and extrusions, in addition to roofing products for...
Odisha government amends long-term linkage policy for bauxite
The State Cabinet in its meeting held yesterday, February 21, has approved the amendment of the long-term linkage policy to facilitate bauxite linkage. Chief Secretary Aditya Prasad Padhi said 70 per cent of the saleable stock of bauxite will be made available for long-term linkage and the balance...
JNARDDC organizes seminar on development of aluminium alloys & downstream applications
Indian aluminium sector is growing fast and is rising up to a whole new world of opportunities. With both demand and consumption of the metal in positive territory, and bullish price trends, the time is perfect for producers to move beyond their traditional strengths in electrical, transport and...
Maxion Wheels breaks ground on its new passenger car aluminium wheel plant in Pune
Maxion Wheels, the world’s largest wheel manufacturer, held a ground breaking ceremony (Bhoomi Poojan) at the site of its aluminium wheel plant in Khed City, Pune. The ceremony was attended by company dignitaries, customers, suppliers and associates on February 19. Pieter Klinkers, CEO of Maxion...
