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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Continuous alumina price rise likely to boost NALCO’s FY18 net profit by 45%
The continuous price rise in alumina is expected to make a big difference to the FY 2018 net profit of National Aluminium Company Limited (NALCO). The leading Indian aluminium producer with integrated alumina operations expects the annual net profit to grow by 45 per cent, TK Chand, CMD of NALCO...
LME aluminium headed for a near-term downtrend; revisits Aug 30 low of US$2,066t
LME aluminium has come under pressure. With the US Dollar index trading higher by 0.5 per cent on the day (October 3), the light metal contract crossed the US$2,000 per tonne mark and fell into the US$2,065-US$2,085 range. After night trading on October 2, Monday, LME aluminium closed at US$2,067...
India's Ashapura Group acquired exclusive mining rights for Bauxite for over 100,000 acres in Guinea
Ashapura Holdings (U.A.E) FZE (‘Ashapura’), a part of the Indian multi-national Ashapura Group has acquired exclusive mining rights for Bauxite for over 100,000 acres in the Boffa prefecture of Guinea. Guinea is home to the largest Bauxite reserves in the world, Bauxite is the primary ore for...
Global aluminium deficit may widen on the back of Chinese capacity cuts: ICRA
The leading Indian rating agency ICRA said on Tuesday that it expects the global aluminium deficit to widen this year on the back of Chinese production drop which may total up to 4 million tonne due environmental crackdowns. The agency said that base metal prices which are currently on an upward...
Nokia 8 built out of 6000-series aluminium today launching for Indian market
HMD Global, the home of Nokia phones, is launching the Nokia 8 for the Indian markets at an event in New Delhi today, 26 September. The device comes with a Bothies feature, allowing user to capture image and video from its front and rear cameras at the same time. The Nokia 8 sports a unibody design...
Nalco banks on merchant mining & other “immune” sectors to bolster growth
The leading integrated aluminium producer of India, National Aluminium Company Limited (NALCO), has announced plans to diversify into areas like merchant mining, green power, and caustic soda to withstand downturns in the global metal market and sustain profitability in the long run. The New...
CECB slaps closure notice on BALCO power plant
Vedanta- controlled Bharat Aluminium Company Limited (BALCO) has received notice for the closure of its 1,200 Mw power plant from the Chhattisgarh Environment Control Board (CECB). The closure notice has been issued over alleged green norms violation. CECB has asked the company to file a response...
OMC floats tenders to develop Kodingamali bauxite lease
Odisha Mining Corporation (OMC) has floated tenders to start operations from its Kodingamali bauxite lease.In the first year of operations, OMC, a state-run entity, targets to produce 1.5 million tonnes of bauxite. From second year onwards, the output is set to expand to three million tonnes per...
iBall Slide PenBook features an aluminium alloy design
Indian electronics manufacturer iBall expanded its Slide tablet series portfolio with the launch of 2-in-1 iBall Slide PenBook. The iBall Slide PenBook has been crafted from light aluminium alloy. The device sports a 10.1-inch HD IPS screen. The CEO and Director of iBall Sandeep Parasrampuria,...
SPCB revokes closure notice on Vedanta’s three power plants
Vedanta today announced that the State Pollution Control Board, Odisha ('SPCB') has revoked order for closure of three units (two units of 135 MW each and one unit of 600 MW) on September 20, 2017, and hence restarted these units of power plant. The company will not need to buy the 200 MW power...
NALCO, HCL, MECL sign MoU to secure overseas minerals sources
India’s three Central Public sector undertakings under the administrative control of Ministry of Mines – National Aluminium Company Ltd (Nalco), Hindustan Copper Ltd (HCL) and Mineral Exploration Corporation Ltd (MECL) –signed an MoU on September 18, 2017, to make the country self-reliant in the...
India’s aluminium tubes and pipes import to rise 9% YoY in 2017
India’s economic growth has slowed down, but the long-term outlook remains positive. In the quarter ended June 2017, the economy grew by only 5.7 per cent, down from 7.9 per cent in the corresponding period previous year. All four contributors to economic growth – domestic consumption, foreign...
Aluminium is the metal of New India: Dr. Tapan Kumar Chand
Aluminium Association of India (AAI), a member of Aluminium International and the apex body representing all primary and secondary producers of aluminium in India organized a national seminar today on the theme ‘Aluminium in Power Transmission and Distribution’ at Bhubaneswar. In his inaugural...
North Korea sees slight increase in aluminium imports in 2017
North Korea imported $3.47B worth of goods, making it the 141st largest importer in the world. The country mostly imports from China and India. During the first seven months of this year, North Korea imported 232 tonnes of primary aluminium from China, an increase of 886 per cent year-on-year....
Aluminium major Nalco to tap renewable energy for power requirements
Nalco has commissioned its wind power plants with 50 MW and 50.4 MW capacity in Rajasthan and Maharashtra, respectively, at a cost of Rs 669 crore. The company plans to set up another wind power plant of 50 MW capacity and looking at suitable location in the country. Techno-commercial bids for...
Hind Aluminium’s standalone net profit falls 26.10% for quarter June 2017
Hind Aluminium Industries, manufacturer of aluminium alloy and electrical grade wire rods, reported 26.10 per cent decline in its standalone net profit to INR 2.52 crore for the first quarter ended on 30th June, 2017 as compared to INR 3.41 crore during the previous quarter ended June 2016. The...
Vedanta gets power plant closure notice
Following a breach in the Ash Pond dyke wall at Jharsuguda at the end of August, the State Pollution Control Board, Odisha ('SPCB') on September 13, 2017 served a direction resulting in a temporary closure of three units of 135 MW each of the 1215 MW power plant, and two units of 600 MW each of the...
Coal India to foray into bauxite and other mining activities
Coal India Ltd (CIL) is likely to foray into metal mining of iron ore, bauxite, copper and nickel, according to an official. The company is in the process of identifying the areas where they can diversify. The miner's Director (Marketing) S.N. Prasad said, "We do not want to be known as just a coal...
