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 aluminium scrap prices stay flat; aluminium futures gain slightly
<p>Major aluminium scrap commodities prices in India stayed flat on the Scrap Register Price Index as on Friday, while aluminium futures prices at Multi Commodity Exchange gained mainly due to the better Chinese trade data that showed imports and exports picked up in May.</p> <p style="text-align:...
INTUC asks for inquiry into Nalco’s overseas investments
<p>Indian National Trade Union Congress (INTUC) yesterday announced that they have asked for a judicial inquiry into Nalco’s all overseas investment. INTUC’s State president Ramachandra Khuntia said that they have demanded for investigation as Nalco’s profit is...
Anrak Aluminium turns to Odisha government for bauxite
<p>Anrak Aluminium, a joint venture between Penna Group and Ras-Al-Khaimah Investment Authority (UAE), has requested Government of Odisha to find out a possible solution to its bauxite supply uncertainty issue that is making its alumina refinery unit at Makavarapalem, Andhra Pradesh starve since...
India’s Endurance Technologies announces expansion plan for aluminium die casting
<p><strong> </strong>Endurance Technologies, one of the leading aluminium die casting manufacturer in India, is planning to ramp up its annual installed capacity for manufacturing aluminium die casting (high pressure) and machining components / parts at its Chennai Plant.</p> <p><img...
India aluminium scrap prices fall tracking weakness in futures
<p>India's major aluminium scrap commodities prices fell on the Scrap Register Price Index as on Wednesday tracking the weakness in aluminium futures prices at Multi Commodity Exchange.</p> <p>The major aluminium scrap commodities like aluminium rod company, aluminium rod local, aluminium sheet...
Data suggests steady growth ahead for global bauxite mining industry through 2020
<p>Bauxite is slated to become one of the most in-demand mineral ore traded worldwide. The principal ore of aluminium, bauxite is majorly found in the tropical and sub-tropical regions such as Australia, Africa, South America, West Indies, India, China and some parts of Europe (in small...
India Aluminium Scrap, Aluminium Futures prices down
<p>Major aluminium scrap commodities prices in India dropped on the Scrap Register Price Index as on Monday, tracking the weakness in aluminium futures prices at Multi Commodity Exchange as traders brushed aside news that Qatar's exports of the metal had been blocked and focused instead on weak...
Odisha posts 72% increase in exports of aluminium & aluminium products in 2016-17
<p>As per the figures released by the Directorate General of Commercial Intelligence and Statistics, Kolkata and Directorate of Export Promotion and Marketing, Bhubaneswar, Odisha registered 72 per cent increase in the value of exports of aluminium and aluminium products in 2016-17.</p> <p><img...
Amafond’s Maurizio Sala discusses Metef Exhibition and India connection with Indian Commerce & Industry Minister
<p>Maurizio Sala, owner of Foundry Ecocer Srl and Protecme Srl and President of the Confindustria Amafond underlines the important presence of India at the next edition of METEF, the largest light and non-ferrous metals expo in the SEMEA area (Southern Europe, Middle East, and Africa). In a recent...
Nalco puts all overseas projects on hold for expanding domestic capacity
<p>According to Tapan Kumar Chand, Chairman of National Aluminium Company Ltd (Nalco), the company has put all overseas projects on hold, including one in Iran, as it aims to focus on increasing domestic capacity.</p> <p>Tapan Kumar Chand told Reuters, “Iran’s proposal is...
World Environment Day: A new India wakes up to the benefits of aluminium recycling
<p>Aluminium recycling is still a fledgling industry in India. The lack of a proper ecosystem and a weak legal structure has stopped the hitherto ‘unorganized sectoral practice’ from growing into a full-fledged industry. However, considering the fact that India’s per capita...
Hindalco to expand value added products capacity by 66 percent
<p>Hindalco Industries Ltd. has an intention to invest $773 million in the next five years in order to increase its capacity to manufacture processed products such as aluminium panels. The reason behind the intention is the country’s plan to boost investments in building...
India aluminium scrap prices remain flat; aluminium futures down 1.3 percent
<p>Major aluminium scrap commodities prices in India remained flat on the Scrap Register Price Index as on Tuesday, while aluminium futures prices at Multi Commodity Exchange ended down as China increases production in the third quarter.</p> <p style="text-align: center;"><img...
UPDATE: Nalco commences processing of its new bauxite deposit in Odisha
<p>National Aluminium Company Limited (Nalco) commenced the process of opening a new bauxite deposit in the south block of Panchpatmali in Odisha.</p> <p>According to a senior government official, the new deposit will allow the company to maintain its bauxite production at 6.825-million tons that...
Hindalco intends to establish high-end aluminium plant for India’s defence sector
<p>India’s leading aluminium producer Hindalco Industries Ltd is planning for setting up high-end alloy plate manufacturing plant for defence sector in India. The project will require an investment of INR 2,000 crore. The company is in discussions with the government whether they can start...
Hindalco reports 73% rise in aluminium EBITDA in FY2017, driven by higher volume
<p>Hindalco reports record standalone/consolidated performance across all operation including aluminium segment for the fourth quarter and the year ended 31 March 2017. Hindalco reported 26% increase in March quarter net profit at INR 503 crore against INR 400 crore in Q4 2016, driven by...
UPDATE: Runaya signs two JV worth $75 million to produce aluminium paste and powder
<p>Metals start-up Runaya signed two joint venture (JV) agreements worth $75 million with Russia’s UC Rusal and Bahrain’s Taha International Corporation (TIC) for the production of high technology aluminium paste and powder and sustainable solutions to the Indian aluminium industry.</p>...
India imported about 1.3 million tons of alumina in 2016; Australia tops the exporter list
<p>India has an installed alumina capacity of 6.5.million tons and the reported production of alumina stands at 4 million tons in 2014-15 which increased by about 6% YOY. NALCO continues to be the leading producer of alumina in India accounting for about 45% of the total production. A very small...
