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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Hindalco looks to export alumina from Odisha unit
Hindalco Industries Ltd is looking at exporting the extra alumina that its unit Utkal Alumina International Ltd produces, as it seeks to spur growth, chairman Kumar Mangalam Birla said on Wednesday. “We believe that (export of alumina) would be an attractive proposition and is something that the...
MWheels signs new agreement with Wheels India for supply of forged aluminium wheels
MWheels, a distributor of forged aluminium wheels throughout Europe, has signed a new five-year exclusive European distribution agreement with the manufacturing giant Wheels India for Xlite and Xbrite forged aluminium wheels. Xlite and Xbrite, which are five times stronger and 40 per cent lighter...
Three iPhones unveil: Apple’s new models flaunts glass and aluminium design
Apple yesterday launched new generation iPhone series- iPhone 8 and iPhone 8 plus with new glass and aluminium design, Retina HD displays and A11 Bionic — the smartest chip ever in a smartphone. The models are made of glass with color matched, aerospace grade aluminium band. The iPhone 8 and iPhone...
FSSAI to release draft regulations on packaging and labelling soon
The Food Safety Standards Authority of India (FSSAI) will release the draft regulations on the new packaging, labelling and claims and advertisement in next couple of months. FSSAI expedited its work on this, and will launch three separate sets of regulations. The packaging regulations will cover...
Week in Review: Downstream aluminium sector buzzing with new acquisitions, expansions and innovations
The downstream aluminium sector has shown remarkable developments in the field of expansion, product shipments, acquisition and innovation in the week gone by. A few major companies have signed new deals or announced plans of expansion or acquisition. The moves indicate a bullish aluminium market...
Vedanta Resources set to invest INR 50,000 crore on business expansion in India
Anil Agarwal, chairman of Vedanta Resources, the metal and mining conglomerate has announced his plans to invest around INR 50,000 crore on business expansion in India in the next few years. "I have promised the government that the group will invest Rs 40,000-50,000 crore. My shareholders and my...
New aluminium business boosts Gravita India’s Q1FY18 net profit
Gravita India, one of the largest non-ferrous metal producers in India, announced increased net profit and revenue for the Q1FY18. The improved revenue was due to the addition of new aluminium business and other added capacity. The company’s Q1FY18 consolidated net profit increased 47.3 percent to...
Aditya Birla Group evaluating takeover bids for Constellium NV and Aleris Corp
According to sources close to the company, Aditya Birla Group is currently looking at growing its aluminium operations overseas by evaluating possible bids for Constellium NV and Aleris Corp. The Indian billionaire Kumar Mangalam Birla is seriously evaluating such possibilities though the group...
Nalco adds new value added product to its portfolio
India’s Navaratna public sector enterprise and leading integrated aluminium producer National Aluminium Company Limited (NALCO) has expanded its value added products portfolio with the launch of AA 3105 Alloy Fan Blade stock. The superior value added rolled product can be used for a wide range of...
Kuldip Kaura appointed as interim CEO of Vedanta Limited as Tom Albanese steps down
The board of Vedanta Limited has on Thursday announced the appointment of Kuldip Kaura as the interim chief executive officer from September 1, 2017 as former CEO Tom Albanese steps down on August 31. In the meantime the search for a new CEO is going on. Kaura has held various senior management and...
Malaysia’s aluminium scrap exports to continue rising in 2017
Malaysia has always been a net exporter of metal scrap. Aluminium scrap constitutes a significant percentage of its exports earning revenues from the international market. A three-year data snapshot shows a fairly stable aluminium scrap export growth trend by the country looking to grow through the...
Indian mining sector’s quest to modernise technology grabs Australia’s attention
In a landmark move to strengthen Australia’s trade and commerce relations with India, a 20-member delegation representing Australian Mining Equipment Technologies and Solutions (METS) recently visited India to explore opportunities to offer their technologies and services for the country's mining...
Midhani to invest INR 1,400-cr in modernisation and expansion initiatives
Midhani, the India based public sector unit, a supplier of special materials to the strategic sectors, has taken up an INR 1,400-crore modernisation and expansion initiatives. It has already modernised various captive facilities such as the Forge Press, Ring Roll Mill, ESR, etc. during the first...
India’s aluminium production to rise at 3.5% CAGR through 2020, CARE Ratings report suggests
Aluminium production in India is projected to rise at a compound annual growth rate (CAGR) of 3.5 per cent over the next 2-3 years fuelled by the rising domestic demand, according to a new report by CARE Ratings. The report titled “Aluminium Industry: The Silver Knight of the Economy,” says that...
Make in India: NALCO, BEML join hands to launch heavy ripper dozers for bauxite mining
India’s navratna PSU and leading aluminium manufacturer National Aluminium Company Limited (NALCO) and Bharat Earth Movers Limited (BEML) jointly unveiled state-of-the-art heavy earth moving machineries at the latter’s Kolar Gold Field Complex on August 28. The HEMM BD475-1 Ripper Dozer is built...
China alumina imports up while exports were down in July 2017
China, being a net importer of alumina, witnessed an increase in alumina import in July 2017, according to the latest import-export data published by China General Customs. China’s import of alumina totalled 284,504 tonnes in July 2017, up 29.36 per cent year-on year. January-July imports were down...
SOI Global to restart bauxite mining in Late September 2017
<p>According a report from Shanghai Metals Market, India origin SOI Global is expected to resume bauxite production in late September. The Company is engaged in trading of various industrial Minerals, Chemicals, Agro- Commodities & Fertilizers.</p> <p style="text-align: center;"><img...
Indian aluminium producers benefitting from China’s anti-pollution crackdowns
<p>As China is busy drawing up implementation regulations for its environmental protection tax law, aluminium producers in India and elsewhere stand benefitted from the price impact the Asian country has on the global light metal industry.</p> <p style="text-align: center;"><img...
