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 levies Anti-Dumping and Allied Duties on Chinese aluminium radiators
<p>The Directorate General of Anti-Dumping and Allied Duties (DGAD) in India, a wing of the Commerce Ministry has released the final findings of the anti-dumping investigation on the dumping of aluminium radiators of various types to be used in the automotive sector.</p> <p><img...
Alumil SA teams up with Value Line to offer aluminium extrusion products in India
<p>Greece-based aluminium extrusion products manufacturer Alumil SA has announced that the company has teamed up with Hyderabad-based Value Line, an international brand luxury sanitary ware. Alumil will market its aluminium products in India through Value Line.</p> <p><img...
NCLT approves merger of Vedanta Ltd and Cairn India; shares edge up
<p>Vedanta Limited, a subsidiary of metal & mining conglomerate Vedanta Resources, has made an announcement today that National Company Law Tribunal has approved the merger of Cairn India Limited with Vedanta Limited.</p> <p><img style="vertical-align: middle;"...
China, India go slow with coal power expansion; renewables to take centre stage
<p>The Asian countries are going slow with their coal-based power project expansion plans. A recent report titled 'Boom and Bust 2017: Tracking the Global Coal Plant Pipeline' says Asian super powers China and India have frozen 68 GW of coal power plant construction at over 100 sites across the two...
Hindalco plans INR150cr solar park at its aluminium smelter-power complex in Odisha
<p>Hindalco Industries, the metals flagship company of the Aditya Birla Group, is planning to commission a 24 Megawatt solar power plant in Odisha, reported sources aware of the matter. The INR 150-crore project will come up at the company's aluminium smelter-power plant site at Lapanga in...
Pharmaceutical and retail sector to drive packaging market in India
<p>Pharmaceutical packaging in the world as well as in India is becoming more innovative in order to be convenient and user-friendly. Auminium has much potential in the pharmaceutical packaging market due to its recycling potential and ease of use.</p> <p><img style="vertical-align: middle;...
India aluminium scrap prices show steady trend while MCX futures edge higher
<p>The prices of major aluminium scrap commodities traded in India’s domestic spot market remained relatively flat on Friday, March 17, while aluminium futures prices at the Multi Commodity Exchange (MCX) edged marginally higher INR 124.90 per kilogram.</p> <p><img style="vertical-align:...
India's Adani Enterprises to finalise on their Australian coal project by June
<p>In a recent update, India's Adani Enterprises said it would finalise the investment decision for its Carmichael coal project in Australia by June. The project has been delayed for last five years due to protests from environmental groups. The proposed mine in the northern state of Queensland is...
Central Coalfields to float expression of interest for CTL project
<p>Coal India's subsidiary Central Coalfields Ltd (CCL) is planning to invite an expression of interest for coal-to-liquid (CTL) project which the company proposes to embark upon, as reported.</p> <p><img style="vertical-align: middle;"...
Week in Review: top newsmakers from the downstream aluminium sector
<p>Foreign trade update, merger & acquisition, divestments and anti-dumping regulations have made news headlines in this week’s downstream aluminium sector. China with its cheaper aluminium export has continued to create tension in the U.S., Europe and India. The country however has...
“In the competition among steel, austempered ductile iron and aluminium, the main loser is steel,” Franco Zanardi, Honorary President, Zanardi Fonderie
<p>Franco Zanardi is the Honorary President of Zanardi Fonderie that is a producer and supplier of ductile iron and ADI castings based in Verona, Italy. An MSc in Mechanical Engineering with four decades of experience in casting and ADI materials, he is also the Past President of...
India Ratings and Research projects market surplus for aluminium in India
<p>According to a report of India Ratings and Research, the base metal sector is likely to register a surplus market on account of new capacity ramp-up amid weak demand for the next financial year. In India, the production capacity of aluminium is expected to be more or less double in FY18.</p>...
Harley Davidson‘s 2017 street range features cast aluminium wheels
<p>Harley Davidson, the iconic American motorcycle manufacturer, has introduced the new Street Rod to its Street range. The Street Rod’s front end features rigid 43 mm inverted forks gripped by lightweight aluminium yokes, as per company’s recent press release.</p> <p><img...
Aluminium scrap prices in India plateau while aluminium futures climb higher at MCX
<p>The prices of major aluminium scrap commodities in India remained largely unchanged on Wednesday, March 15, while aluminium futures edged higher at Multi Commodity Exchange (MCX). The rise in MCX aluminium was in tandem with the uptrend in aluminium prices at the London Metal Exchange (LME) on...
Nalco hopes to return to profits in Aluminium by FY19 end after production starts at Utkal D coal block
<p>Indian Navaratna public sector enterprise National Aluminium Company Limited (NALCO) is eyeing return to profitability from its Aluminium business towards the end of fiscal year 2018-19 after the commencement of coal production at its captive Utkal D coal block. The starting of coal mining is...
India considers anti-dumping duty on aluminium foil import from China
<p>Indian government is considering the possibility of imposing anti-dumping duty of up to USD 1.63 per kg on imports of aluminium foil in order to protect domestic manufacturers from cheap imports from China. Hindalco Industries, Raviraj Foils, and Jindal India have registered an application for...
Exporters to China urged to focus on regulatory compliance
<p>With China having launched another wave of environmental protection operations, this time under the 'National Sword' banner, BIR non-ferrous metals division president David Chiao has urged businesses to 'ensure scrap shipments to China conform with the country's environmental regulations',...
India Aluminium Scrap remains steady; Aluminium Futures down
<p>India's major aluminium scrap commodities prices remained steady on Thursday, while aluminium futures prices at Multi Commodity Exchange declined tracking weakness from LME Aluminium.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
