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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MWSD launches Xbrite+ forged aluminium wheels for European market
<p>Motor Wheel Service Distribution (MWSD), one of the leading independent European distributors of India’s forged aluminium wheels, has introduced the latest Xbrite+ forged aluminium wheels for the European market. The size of the Xbrite+ wheels is 17.5, 19.5 and 22.5 inch.</p> <p><img...
HTC to launch U Ultra with aluminium chassis in India today
<p>The Taiwanese based smartphone maker HTC is ready to launch its U Ultra smartphone in India today. The launch event is going to take place in New Delhi. The company had already unvailed U Ultra at CES 2017 in January. Now, the device is going to hit the shelves in Indian maeket.</p>...
Nalco to purchase 80% power for its greenfield aluminium smelter
<p>National Aluminium Company (Nalco), one of the major primary aluminium producers of India, has decided to acquire 80 per cent of the power from the coal-based power station proposed at Kamakhyanagar in Dhenkanal district, Odisha.</p> <p><img style="vertical-align: middle; display: block;...
India exports about 1.5 million tons of alumina per year; China & UAE top the importer list
<p>India has an installed alumina capacity of 6.5.million tons, out of which plant capacity of 6.2 million tons reported alumina production in 2015. 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...
India's Aequs with Al-alloy forging capabilities to set up aerospace engineering facility in Goa
<p>India's leading aerospace precision engineering and manufacturing company Aequs announced at the recently ended Aero India 2017 in Bengaluru that it will invest INR500 crore for setting up a dedicated facility for Indian defence production at Tuem, Goa. The multi capability manufacturing...
Week in Review: A quick recapitulation of headlines from the downstream aluminium industry
<p>The downstream aluminium industry has seen a lot of development in the last week. AlCircle wraps up the downstream products vertical covering general, market, project and technology segments. Here’s a sneak peek into some of the top stories of the week gone by:<br /><br...
India’s mineral production rises 5.2% YOY in Dec 2016; Bauxite up by 21%
<p>Initial data released by the Ministry of Mines, Government of India, shows the country's mineral output in December 2016 rose 5.2 per cent from the corresponding period previous year. Production of bauxite, the principal ore of aluminium metal, increased by 21 per cent compared to that recorded...
India aluminium scrap prices climb in line with aluminium futures
<p>India's major aluminium scrap commodities prices climbed on Wednesday in line with aluminium futures prices at Multi Commodity Exchange as support seen after a draft policy document suggested China will constrict production next winter to help improve air quality.</p> <p><img...
Nalco's Panchpatmali Bauxite Mines conferred with 5-star rating by Ministry of Mines
<p>National Aluminium Company Limited (Nalco) owned Panchpatmali Bauxite Mines in Odisha has been accredited with the 5-Star Rating by the India Ministry of Mines in a stringent evaluation process conducted up by IBM. <br /><br />The honour along with the certificate of excellence was handed over...
Chinese pollution fears weigh India aluminium scrap and futures prices
<p>India's major aluminium scrap commodities prices stayed stable on Tuesday, while aluminium futures prices at Multi Commodity Exchange settled slightly higher mainly due the renewed concerns about potential closures of Chinese smelters to cut pollution. <br /><br />The major aluminium scrap...
Nokia 3310 to make a comeback! - This time as an aluminium-bodied Android
<p>Nokia, the once undisputed king of the global mobile handset market is planning to bring back its classic model Nokia 3310 in a brand new aluminium-body avatar. An update representing a distinctly turn of the millennium flavour, Nokia 6 will be unveiled at the Mobile World Congress (MWC)...
ISRO launches 104 satellites in a single mission: a boost for domestic application sector
<p>Indian Space Research Organization (ISRO) has opened up a new era in the history of space exploration today with the successful launch of a record 104 satellites in a single mission through its Polar Satellite Launch Vehicle (PSLV).</p> <p><img style="vertical-align: middle; display:...
India to walk the path of clean energy generation- what it means for the aluminium sector?
<p>Indian aluminium consumption is poised for a big leap in ten years from now. Predicted to reach 8 million tonne (MT) from the current 3.2 MT, driven by sectors like electricity, automobiles, building & construction and packaging, it requires a concerted effort from the industry towards...
Nalco expects alumina sales volume to reach 4 lakh tonnes in Q4FY17
<p>India's leading manufacturer and exporter of aluminium and alumina, National Aluminium Company Limited (NALCO) remains upbeat about its Alumina business for the rest part of the current financial year as well as for the next fiscal. In its recently declared financial results for the 3rd quarter...
Nalco’s Q3 net profit dips at INR144 cr; 9-months’ aluminium production rises 3.6% YoY
<p>India's navaratna public sector undertaking National Aluminium Company Limited (Nalco) today announced its financial results for the third quarter ended 31st December 2016. The company's standalone net profit declined 2.67 per cent to stand at INR143.92 crore (up from INR121 crore in the...
Vedanta Limited reports 31% YOY growth in revenue in third quarter FY2017
<p>Vedanta Limited today announced its unaudited consolidated results for the third quarter (Q3) ended 31 December 2016.</p> <p>The company reported revenues of INR 19,320 crore, up 23% QoQ and up 31% YoY. The company also reports an EBITDA of INR. 6,002 crore, up 29% QoQ and up 83%, YoY. The...
Hindalco aluminium business up 147% to INR 876 crore in Q3 2017 driven by strong performance
<p>Hindalco Industries, the Aditya Birla flagship company reported a net income of INR 320.56 crore in Q3 2017 against a loss of INR 32.49 crore YOY, driven by strong operational performance and recovery in aluminium prices.</p> <p>Revenue during the quarter grew by 13.8% to INR 9,914.8 crore...
New fuel-efficiency norms in India to increase aluminium usage by automotive OEMs
<p>India is all set to join the league of CAFE (corporate average fuel efficiency) countries from April 1 and take the first constructive step towards making its cars fuel-efficient as per global standards. Once adopted, the norms will mandate all car makers and OEM manufacturers in the country to...
