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 refractory-grade alumina import drops as China ups ante on its anti-pollution drive
<p>India’s refractory raw material imports have been hit badly ever since China declared war against its polluting industries. The slump in the imports of fused and calcined alumina have left domestic refractory manufacturers struggling to meet demand from the core user industries such as...
India’s leading aluminium industry partner company JS Group celebrates Centennial Founder’s Day
<p>Jiwanram Sheoduttrai (JS) Group, the multi-faceted organisation engaged in industrial marketing, manufacturingand turnkey project management and the trusted raw material and technology partner of aluminium businesses in India and abroad, recently celebrated the 100th birth anniversary of its key...
Centre concerned over slow pace of proposed Angul Aluminium Park
<p>The centre has expressed concern over the slow pace of the proposed Angul Aluminium Park project at Angul, Odisha. Ramesh Abhishek, secretary of the department of industrial policy and promotion (DIPP), asked the state government to complete the aluminium park project by March,...
India aluminium prices up by 1.33% on higher spot demand
<p>Building up of fresh positions amid improved demand scenario in the spot market led aluminium prices in India drive up by 1.33 per cent to INR 133.45 per kg in futures trade today, August 21.</p> <p style="text-align: center;"><img style="vertical-align: middle;"...
India’s Aluminium Industries Limited back in operation after 20 years
<p>Aluminium Industries Limited (Alind) has been reopened following the renovation on Thursday, August 17. The factory had been closed for the last 20 years. Chief Minister of Kerala Pinarayi Vijayan inaugurated the revived factory of the Aluminium Industries Limited, at Kundara, in Kerala,...
Alumina prices rebound slightly; Nalco projects slow increase in alumina prices in near term
<p>After a period of flat run, China’s domestic alumina price rebounded on August 17, driven by an outlook on tightened supply. The average spot alumina prices expected to range between RMB 2506 – 2506/t. The tightness in the market is expected because Alumina production in Shanxi...
Gujarat government to auction nine limestone & bauxite mines
<p>Gujarat government has made a decision to auction nine limestone and bauxite mines in the next 6-9 months. This was conveyed by a mining official from the state of Gujarat.</p> <p style="text-align: center;"><img style="vertical-align: middle;"...
NCLT approves merger plan of Indian aluminium alloy wheel maker SCL with SDAL under IBC
<p>In a first-ever move under the Insolvency and Bankruptcy Code (IBC), 2016, the Hyderabad bench of the National Company Law Tribunal (NCLT), India, has approved an insolvency resolution plan for Synergies Dooray Automotive Limited (SDAL), an aluminium alloy wheel supplier to global auto...
India aluminium scrap prices increase in line with aluminium futures
<p>India major aluminium scrap commodities prices increased on the Scrap Register Price Index as on Friday in line with aluminium futures prices at India's Multi Commodity Exchange amid worries about supplies from China have been reinforced by Shandong province, which ordered the closure of 3.21...
NALCO may lend its brand name to downstream MSMEs
<p>National Aluminium Company Limited (NALCO) yesterday announced that the company is considering lending its brand name to downstream micro, small and medium enterprises (MSMEs) that deals with aluminium application. Dr. Tapan Kumar Chand, CMD of NALCO, has made the announcement while...
Higher aluminium prices ring in the good times for Indian aluminium producers
<p>LME aluminium prices are on a solid upward track. Although technical analysis by major global research firms indicate at a possible correction which might result in trend reversal, the higher prices, as of now, are turning out to be real boon for the Indian aluminium producers. Vedanta is...
Anrak moves NCLT after AP government declines bauxite supply for its alumina refinery
<p>In what is considered the first instance involving a joint venture with a foreign government arm seeking insolvency, Anrak Aluminium, the joint venture between India's Penna group and UAE's Ras Al Khaimah Investment Authority (RAKIA), has moved the National Company Law Tribunal (NCLT).</p>...
The top aluminium conductor manufacturers in India
<p class="padding-p">Aluminium Conductors are engineered from electrolytic aluminium with a purity of 99.5% of aluminium. They are made from aluminium wire rod, the raw material or the primary form of the metal. Due to corrosion resistance features, high tensile strength and shock proof, these...
Hindalco’s standalone revenue increases 28% for the quarter ended 30th June
<p>Hindalco Industries Ltd., India's leading producer of aluminium and copper and a subsidiary of the Aditya Birla Group, released its standalone unaudited financial results for the quarter ended 30th June, 2017. </p> <p><img style="vertical-align: middle; display: block; margin-left:...
Rockman Industries to establish aluminium die-casting plant in Andhra Pradesh
<p>Rockman Industries, a part of Hero Group and a supplier of aluminium die casting components, has planned to set up an aluminium die casting facility in the Chittoor district of Andhra Pradesh. Andhra Pradesh Chief Minister N. Chandrababu Naidu yesterday accepted the company’s...
Global aluminium composite panels market to grow at a CAGR of 7% by 2022
<p>The global aluminium composite panels market is anticipated to grow at a composite annual growth rate of seven per cent by 2022, according to a new research report. The report provides answers to the stakeholders helping them to know which market segments they should focus on during the next...
Two smartphones with advanced aluminium alloy body launched in India
<p>Two leading consumer durable brands - LG and Lenovo recently launched their latest smartphone models in India. While LG launched <strong>LG Q6</strong>, its first smartphone under the new 'Q series', <strong>Lenovo</strong> came up with its latest mid-budget offering <strong>K8...
India’s Endurance Technologies improves Q1FY18 bottomline by 15.5% QoQ
<p>India’s leading automotive component manufacturer and aluminium die-casting producer Endurance Technologies Ltd reported its financial results for the first quarter ended June 30, 2017 yesterday. The company’s revenue and profit after tax improved both sequentially as well as...
