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’s aluminium stranded wire export estimated to drop in 2017
India’s overseas trade entered “the negative terrain” after more than a year shrinking 1.12 per cent in October as exporters faced a shortage of funds after GST implementation. The knee-jerk effect on the economy is expected to fade away but not before early next year. In tandem with the declining...
Indian aluminium industry approaches PMO for coal shortage resolution
Indian aluminium industry body Aluminium Association of India (AAI) has approached the Prime Minister’s Office (PMO) seeking a solution to the looming coal supply shortage. The shortage has put 7.5 lakh jobs at stake and upcoming investments in the sector are being weighed down upon by a heavy debt...
India’s mineable bauxite reserve at 0.656 bln tonnes can last next 25 years, TIFAC
Resources of bauxite in India are placed at around 3.89 billion tonnes of which the amount economically feasible for extraction is 0.656 billion tonnes. The Technology Information, Forecasting and Assessment Council (TIFAC) shared the data during a national level meeting held at Jawaharlal Nehru...
Quebec aluminium delegation visits India to meet industry majors & discuss new business opportunities
A press release from Bureau du Québec à Mumbai confirms that a delegation of four Quebec aluminium companies and AluQuebec, the apex business cluster of Quebec in the Aluminium sector is in India for the period from 9th to 15th November 2017 to meet Indian aluminium majors and to discuss new...
The 7th Asian Mining Congress- Kolkata edition turns focus on sustainability & innovation
This year’s Asian Mining Congress was inaugurated in Kolkata, India, on November 8. Organized by the Mining Geological and Metallurgical Institute of India (MGMI) and attended by over 800 delegates from all over the world, the event will be held till November 10. The theme of the Congress this year...
Aluminium futures tad higher by 0.18% on spot demand
Aluminium prices were marginally higher by 0.18 per cent to INR 139.90 per kg in futures trade today as speculators created fresh positions amid improved demand in the spot market. At the Multi Commodity Exchange, aluminium for delivery in November inched up by 25 paise, or 0.18 per cent to INR...
Hindalco’s Q2 FY18 standalone net profit declines 11% on exceptional provision
Hindalco Industries Ltd., a subsidiary of the Aditya Birla Group, published its standalone unaudited financial results for the quarter ended 30th September, 2017. Hindalco’s aluminium production stood at 326 thousand tonnes in Q2 FY2018. Aluminium wire production was down 2 per cent at 119 thousand...
Bharat Forge shows interest in buying auto components manufacturer Amtek Auto
Bharat Forge Limited has shown interest in buying Amtek Auto. The company announced that it has participated in the process of acquiring Amtek Auto. Amtek Auto manufactures auto components through a casting machining phases of manufacturing process. The company has the expertise in manufacturing...
Vedanta’s Q2 FY18 net profit rises 41% YoY on strong commodity prices
Vedanta Limited announced its unaudited consolidated results for the second quarter ended 30 September 2017. The company reported quarterly aluminium production of 401 thousand tonnes. Vedanta registered strong exit production run rate of 1.6 million tonnes per annum. The net profit (PAT) and...
New Zealand’s aluminium scraps export to increase in 2017; India tops the importer list
New Zealand’s exports of aluminium scrap decreased in 2016. The country is estimated to witness a jump in exports of aluminium scraps this year. India and China are the top importers of aluminium scrap. China imported 1965 tonnes of aluminium scrap during January- September 2017....
Vedanta plans major investment in bauxite & aluminium
Anil Agarwal, the founder and Chairman of the mining and metals major Vedanta Resources Plc, said that the company is planning to invest in sectors such as oil and gas, production of aluminium, zinc, copper, silver and steel and mining of bauxite and rock phosphate. Anil Agarwal told Mint in an...
Dell launches XPS 15 notebook with aluminium chassis in India
Dell announced the launch of its new notebook XPS 15 in India. The laptop comes with company’s Infinity Edge display. XPS 15 notebook is made from single block of aluminium. According to the company, Dell XPS 15 offers a number of industry-firsts, making it the most anticipated 15-inch laptop in...
Indian aluminium sector bullish on economy; Crisil estimates INR 50 lakh cr infrastructure investment
Global ratings agency Crisil estimated that India needs to spend at least INR 50 lakh crore (close to INR 3000 crore a day) over a period of five years between fiscal 2018 and 2022 to develop and expand its infrastructure sustainably. Primary aluminium, its alloys, and secondary aluminium which in...
Nalco redefines customer-centricity with new App NAGINAA
Indian aluminium major National Aluminium Company Limited (NALCO) launched a mobile App ‘NAGINAA’ (NALCO Grahak Information and Networking App for All) on Monday, October 23, in Bhubaneswar, Odisha. With this, the Navaratna PSU has taken customer satisfaction to its next level- customer delight, in...
Acer launches new gaming laptop with aluminium chassis in India
The Taiwanese electronics technology brand Acer launched the brand new gaming laptop Acer Predator Triton 700 in India on Tuesday, October 24. The laptop with a suave aluminium chassis comes with a price tag of INR 2,99,999, and is available at exclusive Acer stores and authorized online shopping...
GO no. 97 on bauxite mining was not scrapped yet: CPM to AP Govt
The Communist Party of India (Marxist) yesterday said that the state government did not cancel the GO no. 97 on bauxite mining. CPM district secretary K. Lokanadham condemned the announcement of AP Minister for Mines and Geology Sujay Krishna Ranga Rao for stating GOs relating to bauxite mining....
‘No aluminium smelter production cut happened as yet, not due to coal crisis,’ Nalco clarifies
A day after India’s coal ministry rejected Nalco’s claim of fuel shortage related CPP unit closure claiming that the PSU had ample supply of coal to the amount of 4.7 million tonnes per annum (MTPA), the aluminium producer said it has “not” yet cut any production at its aluminium smelter due to...
‘India’s growing aluminium scrap appetite to be met through increased imports’
India is one of the world’s fastest growing secondary aluminium markets. With vehicle demand growth showing great potential, recycled aluminium consumption is pegged at 8-10 per cent per year. In the recently ended Bureau of International Recycling Non-Ferrous Metals Division convention in New...
