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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Nalco’s Q4 net profit registers 25 per cent growth
<p>National Aluminium Company Limited (NALCO) announced on Saturday, 27 May, that the company registered a growth of 25.23 per cent with a net profit of INR 268 crore as against INR 214 crore during the corresponding quarter of the previous fiscal. The figure shows an 86 per cent jump over the net...
“Metal Sector has enormous potential in the Indian market” Francesco Esposito, CEO, Danieli India
<p>With two factories, one in Chennai in the south, and the other in Kolkata, in the east, in addition to the commercial offices in Pune, Mumbai and Delhi and more than 1,000 employees, Danieli India is a leading supplier of equipment and plants to the steel and aluminium industry. On a realistic...
India Aluminium Scrap prices stay flat; Aluminium Futures slightly up
<p>India major aluminium scrap commodities prices stayed flat on the Scrap Register Price Index as on Thursday, while aluminium futures prices at Multi Commodity Exchange ended slightly higher.<br /> <br /> India's major aluminium scrap commodities like aluminium accessories scrap, aluminium cable...
Top five aluminium cable manufacturers in India
<p>A worldwide substitution of copper with aluminium is under way in the electrical equipment and power transmission industry. Over the past decade, the price differential between copper and aluminium has increased exponentially spurring a huge demand for aluminium as the electricity-conducting...
India aluminium futures up by 0.24% on increased demand
<p>India aluminium prices on Multi Commodity Exchange rose by 0.24 per cent to INR 126.60 per kilogram during day trading hours on Friday, May 26 as demand picked up at the domestic spot market. Speculators in the futures trade also built up fresh positions leading to the price rise.</p> <p...
Global bauxite trade data shows top five bauxite exporters of Jan-March 2017
<p>World bauxite export trade is growing. With demand for both crude and dried bauxite set on a steady growth trajectory and supply tightened due to various socio-economic reasons, the prices of the commodity are expected to remain stable or on a moderate uptrend in the medium-term. The market...
Nalco signs MoU with Ministry of Mines for setting higher targets for FY 2017-18
<p>National Aluminium Company Limited (Nalco) yesterday signed a memorandum of understanding (MoU) with the Ministry of Mines, Govt. of India for setting higher targets in production, productivity, turnover and CAPEX for the FY 2017-18.</p> <p>According to a release, the MOU was signed between...
India aluminium scrap market lull contrasts bullish MCX aluminium
<p>A flat trend was observed in the India aluminium scrap commodities market as major aluminium scrap commodities prices showed no change on the Scrap Register Price Index on Tuesday, May 23. Aluminium futures prices, on the other side, rose higher at Mumbai’s Multi Commodity Exchange gaining...
Manaksia Aluminium’s standalone net profit rises to INR 0.70 crore in Q4 FY2017
<p>One of the leading Indian aluminium sheets and coils manufacturers, Manaksia Aluminium Company, reported a rise in sales by 11.79 per cent to INR 63.24 crore for the quarter ended March 31, 2017.</p> <p>The quarterly net profit of the downstream aluminium products company jumped to INR 0.70...
India to manufacture more aluminium wire in-country and import less under ‘Make in India’
<p>The wire and cable industry, the silent yet one of the most crucial infrastructural pillars of the Indian economy, has come a long way from being a small industry to one of the most fiercely growing industry, over the past one decade. Boosted by momentum in the country’s power and...
Runaya Refining to start aluminium dross processing unit in India in collaboration with Taha International
<p>Runaya Refining LLP, a new metal startup has signed a technology licensing pact with Taha International WLL, which owns the patent for aluminium dross processing. The startup would harness the cutting-edge technology of Taha International to convert waste aluminium into value-added products.</p>...
Canada to witness drastic fall in aluminium scrap export in 2017
<p>Canada is the fourth largest producer of aluminium in the world and the second largest exporter after Russia. The country is the fifth largest scrap exporter, the US being the first. </p> <p>{newsStudioGallery}</p> <p>The worldwide demand for secondary aluminium is increasing...
India imported about 880 thousand tonnes of petcoke in 2016; USA & China topped the exporter list
<p>The aluminium production process requires up to half a tonne of carbon for every tonne of metal produced. Specifically ‘petroleum coke’ or petcoke, a by-product of the oil refining process, is a significant fuel for the power generation and aluminium smelting industries along with...
Siemens to digitally connect Vedanta's two power plants
<p>Automation solutions provider Siemens today said it has bagged a contract from Vedanta for providing digital fleet center solution to connect the latter's two power plants in India to the monitoring stations.</p> <p>Siemens will digitally link Vedanta's critical power units-Talwandi Sabo Power...
India finally imposes anti-dumping duty on aluminium foil import from China
<p>To protect domestic aluminium manufacturers from below-cost imports and to ensure fair trade practices, India’s Finance Ministry has imposed a definitive anti-dumping duty of up to USD 1.63 per kg on imports of aluminium foil from China. </p> <p><img style="vertical-align:...
India's ambitious plan to shift to only electric cars by 2030 may spur demand for aluminium
<p>According to a government statement in March citing Power Minister Piyush Goyal, Indian government would take measures to ensure that by 2030 almost all vehicles in the country are powered by electricity in order to cut oil imports and pollution. India’s fast growing economy and rapid...
India’s import of aluminium plates sheets and strips to increase slightly in 2017
<p>India has a great potential of producing downstream aluminium products due to aluminium companies with their downstream operations. The top producer of aluminium downstream products in India includes Hindalco Industries, Jindal Aluminium and many more.</p> <p>{newsStudioGallery}</p>...
India aluminium scrap prices remain unchanged while MCX aluminium edges higher
<p>Prices of major aluminium scrap commodities in India market stayed flat on the Scrap Register Price Index on Friday, May 12, while aluminium futures traded at Mumbai’s Multi Commodity Exchange got some breather. The contract that seemed to have formed a reasonably solid base above INR 120...
