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: The buzzing headlines from downstream aluminium industry
<p>The downstream aluminium industry witnessed Arfin India, a manufacturer, supplier and exporter of aluminium wire and other products winning a supply order from JSW Steel worth INR 1.07 billion; Hydro entering into an agreement with Yara regarding the sale of Herøya Nett AS and the...
Week in Review: Major headlines from the primary aluminium sector
<p>The week has seen a few major happenings in the primary aluminium industry. Hindalco has created stir in Indian market by launching QIP.</p> <p><strong>Hindalco's first share sale through QIP generates 3X demand</strong></p> <p>India's first ever metal industry share sale through qualified...
China’s Feb alumina import drops; yearly import to shrink after 30% smelter capacity cut
<p>China is sitting on a huge inventory of alumina. Despite the fact that the Chinese government has recently come down heavily on the alumina refineries (and smelters) and mandated that they reduce capacity by 50 per cent in order to support the Centre's fight against pollution, the low-cost...
Hindalco's first share sale through QIP generates 3X demand
<p>India's first ever metal industry share sale through qualified institutional placement (QIP) floated by Hindalco Industries generated overwhelming response in the market last week. Institutional investors lapped up the shares which went on to reinforce their confidence in the aluminium...
India aluminium scrap prices climb; aluminium futures settle slightly down
<p>India's major aluminium scrap commodities prices climbed on Monday, while aluminium futures prices at Multi Commodity Exchange settled slightly down.</p> <p>The major aluminium scrap commodities on the Scrap Register Price Index showed an uptrend on Monday. India's major aluminium scrap...
Hindalco raises US$550 million via India’s first ever QIP in metal sector
<p>India’s leading aluminium producer Hindalco Industries Ltd raised US$550 million over the last weekend through a major stock offering launched on Friday, March 3. The qualified institutional placement (QIP), the country’s first ever metal sector share sale using the vehicle, saw...
Arfin India wins JSW Steel supply order
<p>Arfin India, a manufacturer, supplier and exporter of aluminium wire, aluminium wire rod, flipped coil aluminium wire rod, aluminium alloy wire rod, ferro alloy product, aluminium stick, aluminium cube, aluminium shot, aluminium ingot and aluminium alloy ingot has won a supply order from JSW...
Top five aluminium master alloy producers in India
<p>The global aluminium master alloy market is growing at a steady pace. With the area of applications widening, the key driver being aerospace, defence, and lightweight vehicles, the industry is expected to grow at an exponential rate over the next five years.</p> <p><img style="vertical-align:...
Metal and coal stocks in India edge up on China’s capacity cut news
<p>Indian metal and coal stocks were up on March 2 after the news of China imposing cuts on steel, aluminium and coal production started circulating in the market. A drop in supply of these highly demanded commodities are expected to hike prices and improve valuations of companies in countries...
Ministry of Commerce and Industry not keen on MIP on aluminium
<p>There has been a continuous discussion between the Ministry of Mines and Ministry of Commerce and Industry regarding the imposition of minimum import price (MIP) on aluminium products since the third quarter of FY 2017.</p> <p><img style="vertical-align: middle; display: block; margin-left:...
Malaysia’s bauxite export dropped more than 50% YOY in 2016
<p>Malaysia became one of the world’s top bauxite producers and a leading supplier of bauxite to China’s aluminium industry after Indonesia banned ore export in 2014. Over 2014-2015 the amount of bauxite shipped from Malaysia to China increased almost one hundred fold making Malaysia...
Aluminium foil import by India is on the rise; China leads the list of exporters
<p>Due to its versatility and multiple uses, aluminium foil turns out to become one of the most consumed aluminium products across the world.</p> <p>{newsStudioGallery}</p> <p> </p> <p>The 4 digit HS92 product is traded around the world to be used in food package, consumer perishable...
Hindalco plans big investment on its Utkal alumina refinery
<p>Aditya Birla Group owned Hindalco Industries has planned big investment worth INR 500-700 crore on de-bottlenecking its Utkal alumina refinery project in Odisha's Rayagada district. The company has now applied for clearance up to 2.25 mtpa from 1.5 mtpa for its Utkal alumina...
Destination India for USGBC's Greenbuild International Conference and Expo 2017
<p>The ideators of the LEED green building rating system - the U.S. Green Building Council (USGBC) - have announced this year's Greenbuild- the world's biggest conference and expo on greenbuilding industry trends will be held in Mumbai, India, on November 2-4.</p> <p>Last year, the Aluminum...
New Jaguar XF with aluminium chassis launched in India
<p>Jaguar Land Rover India has launched its second-generation Jaguar XF sedan in the Indian showrooms today at a starting price of INR 47.50 lakh. The new Jaguar XF gets a slew of advanced technology features including InControl Touch Pro with the all-new 25.9 cm (10.2) touchscreen infotainment...
Delhi people can now get freebies through “We-Convert” initiative by recycling aluminium cans
<p>A team of innovators from Delhi University started an initiative named “We-Convert” to promote sustainable future and help people to save the environment from being polluted through landfills. “We-Convert” aims at recycling aluminium cans, glass scraps and plastic bottles...
Top five aluminium powder manufacturers in India
<p>The global aluminium powder market is growing 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 the market will...
India Mines Ministry identifies 50 mineral blocks including bauxite for private exploration
<p>India's mining sector is set to witness the entry of private exploration companies as the Mines Ministry identifies 50 mineral blocks to be offered to them under the new National Mineral Exploration Policy (NMEP). The offer stands as an adjunct to one of the biggest auction of explored mineral...
