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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Bauxite mining plan in Kerala’s Kadaladipara hits a roadblock
<p>The proposed bauxite mining and clay mining plan at India’s Kadaladipara in Kinanoor-Karinthalam panchayat in Kasaragod district in Kerala hit a roadblock after the public hearing was called off last Saturday, August5, due to a mass protest by the local people.</p> <p>The district...
NALCO Q1 profit seen up 23% to INR 166 cr on strong volume, operational performance
<p>National Aluminium Company's (NALCO) first quarter earnings are expected to be strong on volume growth. Profit is seen rising 23 percent year-on-year to INR 166 crore and revenue may increase 31.8 per cent to INR 2,042 crore in the quarter ended June 2017.</p> <p style="text-align: center;"><img...
Acer’s new Swift 3 laptop flaunts an aluminium body
<p>A Taiwanese multinational hardware and electronics corporation Acer launched its Swift 3 2017 laptop. The new laptop features an aluminium body with decent grip. The company uses aluminium for the entire outer case in order to achieve durability.</p> <p style="text-align: center;"><img...
Hindalco Industries to raise INR 4,400 cr via debt
<p>Hindalco Industries board will consider raising up to INR 4,400 crore via debt.</p> <p>The board “will consider... to avail not exceeding INR 2,400 crore working capital facility by way of commercial papers and unsecured debentures for aluminium business subject to...
Ducati Scrambler Café Racer debuts in India decked in aluminium cover and wheels
<p>Ducati India has launched the brand new Scrambler Café Racer in India with elaborate cosmetic updates which include a lot of aluminium! The new machine with the same 803 cc, L-twin engine is capable of making 73 bhp at 8,250 rpm and reaches a peak torque of 67 Nm at 5,750 rpm.</p>...
BMI Research projects 49 million tonnes bauxite production in India by 2021
<p>India's bauxite production is expected to increase from 22.08 million tonnes in 2016 to 49.4 million tonnes by 2021, says a BMI Research report.</p> <p>According to a BMI Research report, India's bauxite production is expected to rise from 22.08 million tonnes in 2016 to 49.4 million tonnes by...
India’s MCX aluminium drops 0.08% amid sluggish spot market demand
<p>Aluminium futures traded on India’s Multi Commodity Exchange eased by 0.08 per cent to INR 122.20 per kilogram on Friday, August 4. Market participants cut down their bets based on speculations amid weak demand in the spot market</p> <p style="text-align: center;"><img...
India’s top court orders revision of National Mineral Policy by 2017 end
<p>The Supreme Court of India has directed the government to consider revising the National Mineral Policy by December this year so as to better regulate the domestic mining sector which includes coal, iron ore, bauxite mining along with other industrial minerals. The revision would also stop...
Six years old boy from Indiana starts aluminium can recycling service
<p>Aluminium as a green metal not only inspires the environmentalists but also a six year boy who has started a can recycling service recently. A southern Indiana boy who has a passion for aluminium and recycling has started an aluminium can recycling service from home. He wants to save...
Global aluminium casting market estimated to grow at a CAGR of 5.87% during 2017-2021
<p>The global aluminium casting market is slated to grow at a CAGR of 5.87% CAGR during the period 2017-2021, reveals data published in a recent report by Marketstudyreport.com. Automobile industry and OEM manufacturers will drive the demand for aluminium casting during the forecast...
Brazil loses out to Guinea and India in bauxite export to China in June 2017
<p>Brazil, the South-American country with the third largest bauxite reserve in the world after Guinea and Australia, and the third largest bauxite producer after Australia and China, lost the competition to India and Guinea as one of the top bauxite exporters to China. Brazil stood fifth in terms...
Hyperloop India in final stage of building aircraft-grade aluminium capsule
<p>“Hyperloop India” – a group of highly enterprising BITS Pilani students representing India in Elon Musk ideated Space X Hyperloop Competition Summer 2017, has entered its final phase of Orcapod construction. The capsule or pod, the team’s entry into the global technology...
NALCO expands value-added portfolio: Starts producing AA 3105 aluminium alloy
<p>India’s Navaratna public sector enterprise and leading integrated aluminium producer National Aluminium Company Limited (NALCO) has strengthened its value-added portfolio. The company started production of AA 3105 aluminium alloy comprising aluminium, manganese, and magnesium at its...
Mercedes Benz’s India electric car venture may bring cheer to domestic aluminium part makers
<p>After Tesla it is turn now for the luxe car maker Mercedes Benz to turn to India for setting up its next electric car manufacturing base. The German automaker has approached Indian government to consider offering incentives on electric car manufacturing till the time local output becomes viable....
Vedanta aluminium production up 44% YoY in Q1 FY2018, full year target set at 1.6 million tonnes
<p>Vedanta Resources releases production report across all its business for the First Quarter ended 30 June 2017. Aluminium production remains flat quarter on quarter due to previously announced power outage at Jharsuguda-I. The company reports an exit production run-rate of 1.4mtpa....
After aluminium-built N2’s success, nubia plans US$100 mn investment in India
<p>The noted Chinese android smartphone manufacturer nubia has announced a US$100 million investment for manufacturing in India over the next few years. The ZTE sub-brand that debuted in Asia’s fastest growing smartphone market last year and have successfully launched seven handsets till now...
Saudi Arabia’s aluminium scrap export to rise considerably in 2017, India remains the top importer
<p>Saudi Arabia emerged as the major market for scrap metal recycling. The country exports most of the scrap it generates. Aluminium scraps generated in Saudi Arabia comes from consumers, industries, and demolition sites across the country. The country exports its substantial amount of aluminium...
Vedanta’s Q1 FY18 net doubles on strong aluminium production run rate
<p>The diversified natural resources company with aluminium operations in India, Vedanta Limited reported improved bottomline for Q1 FY 2017-18. The company’s Aluminium business registered strong exit production run rate of 1.4 million tonnes per annum from continued ramp-up. The increased...
