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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Minda Corporation to invest INR 75 crore for die casting plant in Pune
<p>Minda Corporation, manufacturer of die casting parts for auto and consumer durable industry, is intending to open a third die casting plant in Pune with a total investment of INR 75 crore. The facility would have a production capacity of 600 tonne per annum. The company made an...
Indo-Italian Chamber of Commerce and DITECFER announce “India-Italy Transport and Railways intelligence market-place”
<p class="Default">The Indo-Italian Chamber of Commerce and Industry announced Tuesday, June 20, that it has entered into a strategic partnership DITECFER, District for Rail Technologies, High Speed, Safety & Security, in collaboration with ArtValley which hosts projects and international...
Data shows YoY rise of aluminium plates, sheets and strips export by India
<p>India produces a substantial amount of downstream aluminium products. The country has top companies’ with their downstream operations. India’s total flat rolled products (FRP) capacity stands at about 400,000 tonnes. Balco’s Korba rolling plant produced about 18,000 tonnes of...
Full Conference Programme for “India-Italy: Industry and Intellectual interchange”
<ol> <li>Introduction: Maurizio Sala President of Amafond</li> <li>Gloria Gangte, Embassy of India in Rome (Acting Ambassador, Business Officer)</li> <li>Damiano Francovigh General Consul of the Italian Republic in Kolkata</li> <li>Michele Bauli, President of Confindustria Verona</li> <li>Mario...
Metef 2017 to host the conference “India-Italy: Industry and Intellectual Interchange”
<p>In terms of exhibition and interchange volumes, Metef is the largest exhibition on metals and smart technologies in the SEMEA area (South Europe, Middle East, Africa) and certainly one of Asia's trend-influencers. The context of this exhibition is Italy, with the largest aluminium community in...
Subodh Gupta presents a hut made from used aluminium utensils at Art Basel
<p>Subodh Gupta, an Indian origin artist’s work on the rituals and symbolism of food consumption and preparation were presented in an installation at Art Basel at Unlimited, Basel in Zurich, Switzerland from 15 – 18 June 2017.</p> <p style="text-align: center;"><img...
Adani Group inks MoU with East Hope Group to set up manufacturing units
<p>According to a statement by the Indian Consulate in Shanghai, Adani Group inked a memorandum of understanding (MoU) with East Hope Group, one of China’s largest private companies, to build manufacturing units in Mundra special economic zone in Gujarat.</p> <p><img style="vertical-align:...
MCX-Aluminium stuck within a narrow range
<p>The Aluminium futures contract on the Multi Commodity Exchange fell below a key support level of INR 121.5 a kg in the past week.</p> <p>However, the contract has not witnessed any strong follow-through selling after this break and has been stuck in a narrow range between INR 120 and INR 121...
India's first metro rail with aluminium composite panels flagged off in Kochi
<p>The beautiful port city of Kochi in the God's Own Country, Kerala, got a special gift this weekend. Kochi Metro, Alstom's first 'Make in India' venture was inaugurated by the Hon’ble Prime Minister of India, Shri Narendra Modi on Saturday, June 17. From being the French major's first...
India’s bauxite production falls by 12.2 % in April 2017
<p>According to the data released by the Ministry of Mines, India’s overall mineral production increased by 4.2 per cent for the month of April 2017 as compared to the production during the corresponding period last fiscal.</p> <p><img style="vertical-align: middle; display: block;...
MCX aluminium futures extend gain, up 0.29% on spot market cues
<p>Rising for the third straight day, aluminium prices rose by another 0.29 per cent to INR 120.50 per kg in futures trading on June 15, as speculators engaged in enlarging positions, taking positive cues from spot market on rising demand.</p> <p style="text-align: center;"><img...
India exports about 23,000 tons of aluminium household articles per year, USA tops the importer list
<p>India has a large number of small and medium size enterprises that manufacture aluminium household articles. Most of these articles are made from remelted ingots sourced locally and through imports. The articles include kitchen utensils, household furniture and fittings kitchen foils and...
India aluminium scrap prices remain stable; aluminium futures settle slightly higher
<p>Major aluminium scrap commodities prices in India remained stable on the Scrap Register Price Index as on Tuesday, while aluminium futures prices at India's Multi Commodity Exchange settled slightly higher ahead of expected weaker Chinese data as well as a possible increase in US interest...
Anti-dumping measure affects aluminium product exports in China, SMM Says
<p>According to a report published by Shanghai Metals Market, anti-dumping measures have affected the overseas export orders in China. Recently, aluminium processors told SMM that the measures against China have started affecting their export orders.</p> <p><img style="vertical-align: middle;...
India’s aluminium powder and flakes export declines 4% YoY in 2016
<p>The global aluminium powder and flakes market is growing steadily driven by the automotive paints and sealants and other industrial pigments sectors. During 2009-2016, the market has grown at a CAGR of two per cent reaching a volume of 589,012 tonnes in 2016. A recently published report suggests...
Indian government identifies 12 bauxite blocks for auction in FY 2017-18
<p>Government of India has identified 71 mineral blocks in seven Indian states for auctioning during the current financial year. The blocks include bauxite mines and mines of gold, cement grade limestone, graphite, emerald, iron ore, manganese, copper, and limestone among others.</p> <p>Among the...
India aluminium futures traded 0.25% higher on spot demand
<p>Aluminium prices in India futures market gained 0.25 per cent to INR 121.55 per kg on Tuesday, June 13, as fresh positions built up on speculations driven by a sudden surge in demand in the spot market.</p> <p>Aluminium for delivery in June contracts was up by 0.25 per cent to INR 121.55 kg at...
Complete electrification target by FY2018 may spur a rally in Indian aluminium industry
<p>On Monday June 12, Union Power Minister Piyush Goyal announced that by the end of 2017, the country would be fully electrified and no village would be left without a power connection.</p> <p>“We are in fact now in advance stage of electrifying all homes,” he declared.</p> <p...
