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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Week in Review: Indian bauxite makes headlines on expansion and higher revenues
<p>Bauxite industry was in an upswing last week. China, still the largest consumer of the ore, was reported to have imported higher volumes of bauxite in February. The demand for the mineral ore in the country is on a steady rise and this is expected to keep driving its imports in the foreseeable...
Indian aluminium sector should aim at self-sufficiency in value-addition, opines mines minister
<p>Indian aluminium companies are shifting their focus from being primarily a smelting oriented sector to a value-added industry, and in their endeavour to become one they are finding in the Mines Ministry a true facilitator. Piyush Goyal, minister for power, coal, mines and new and renewable...
India expected to start auction of commercial coal mines shortly
<p>The government of India may start the process of commercial coal mine auction once it receives public feedback on the discussion paper floated by the coal ministry. These mines will not be restricted to any particular end use of the coal. The private miners will be able to manage...
India Aluminium Scrap prices climb; MCX Aluminium settle down
<p>India major aluminium scrap commodities prices climbed on Tuesday, while aluminium futures prices at Multi Commodity Exchange settled down on profit booking after prices gained on expectations of a tighter market.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto;...
UC RUSAL and Runaya Metsource sign 50:50 JV to produce aluminium pastes and powders
<p>UC RUSAL, a leading global aluminium producer, and Runaya Metsource LLP, a company promoted by principal shareholders of Vedanta, have signed an agreement to create a joint venture on an equal basis in India (JV).</p> <p>The JV will set up a world class facility which specializes in the...
Jindal Aluminium reports highest ever extrusion production during 2016-17
<p>Jindal Aluminium Limited (JAL), the largest manufacturer and supplier of aluminium extrusions in India, recorded the highest ever production of aluminium extrusions during 2016-17. The company recorded 83,425 tonnes production during 2016-17 against 80,300 tonnes during 2015-16, as per company...
India’s ‘Smart City’ demand to drive aluminium bar rods and profiles import up by 5.4%
<p>India is preparing to live its ‘100 Smart Cities’ dream. With a vision to build a better India through modernization and digitization, the government is marching ahead with great zeal to transform 100 shortlisted cities with high prospects into “smart” hubs in a phased...
Odisha garners INR6,693.62 cr mineral royalty for bauxite and other ores
<p>Government of Odisha, the mineral-rich state on India's east coast, has collected INR6,693.62 crore royalty as on March 27, 2017, since the amended Mines and Minerals-Development & Regulation (MMDR) Act was promulgated on January 12, 2015. The revenue, as per state mining ministry data, has...
MIP on aluminium still an option for Govt of India, says Mines Minister
<p>The Indian government once again spoke in favour of imposing minimum import price (MIP) on certain categories of aluminium products, but not any decisive move has been made yet. Mines Minister Piyush Goyal said in a written reply to the Lok Sabha that his ministry is keeping all options open...
Vedanta Resources CEO Tom Albanese sets to leave by August 2017
<p>A company statement from the London listed Vedanta Resources Plc confirms that its CEO) Tom Albanese will leave the $2.7 billion Indian resources giant by the end of August after completing his three years tenure.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto;...
Coal India expects production growth of 2.5% this fiscal
<p>Against a required production growth rate of nearly 11 per cent during FY2016-17, Coal India is likely to close the year with a 2.5 per cent growth and a 2 per cent rise in sales over the previous year.</p> <p>“We hope to achieve a 2.5 per cent production growth by the end of this fiscal...
Volvo Auto India to set up an assembly facility in Odisha
<p>Odisha government has invited Volvo Auto India for the installation of its assembly plant in the state as the company was looking for setting up plant in India in order to cut down import cost. The state government wanted Volvo to select Odisha as the preferred plant location as the state...
India’s Sudal Industries to build INR250-cr aluminium extrusions plant in Dhule, Maharashtra
<p>Sudal Industries, an India based manufacturer aluminium extrusion and alloys, has announced plans to invest INR 250 crore in setting up a new facility for aluminium products manufacturing at Naradana industrial estate of Maharashtra Industrial Development Corporation (MIDC) near Dhule. The...
India aluminium scrap prices continue to remain stable; aluminium futures edge up
<p>India's major aluminium scrap commodities prices continued to remain stable on Friday, while aluminium futures prices at Multi Commodity Exchange edged up as the political heat is rising in the aluminium market, with a trio of industry bodies calling on the G20 to address global market...
Carborundum Universal opens two alumina fusion plants at its Kochi minerals complex
<p>Carborundum Universal (CUMI), a part of Murugappa Group and a leading manufacturer and developer of abrasives, ceramics, refractories, aluminium oxide grains etc in India, has opened two new alumina fusion facilities at its electro-mineral complex in Kochi. The company...
Aluminium and zinc expected to turn the table for Vedanta in 2017
<p>2017 seems to be a positive beginning for Vedanta driven by the upturn in commodity market that started towards 2016 –end and is still continuing with bullish trends.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
Indian aluminium industry needs skilled manpower to drive technology advancement: Nalco CMD
<p>Technology advancement and skilled manpower development are the two key essentials of manufacturing sector transformation in India. While the country seems to be gaining momentum in the first part, in the second area, that is, in skilled manpower development, it still lags behind in comparison...
Week in Review: value added applications move the downstream market
<p>The week has seen a few significant deals driven by the end user sector. The market saw a few downturn and China reported a drop in semis export. Here is a quick recap of the top news headlines from the last week. </p> <p><strong>Arconic announces multi-year deal with Toyota...
