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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Top Ten Alumina Companies in the World
<p>The dynamics of the global alumina industry has undergone a sea-change over the last five years. Driven by a humongous demand for aluminium in China, followed by other growth areas such as the Middle East and India, bauxite production and alumina refining capacity has increased immensely across...
India’s forgings manufacturer SAF targets 15% growth in FY17
<p>Chennai based Super Auto Forge, a pioneer in forging of ferrous and non-ferrous materials like aluminium and copper, is hoping to cross INR500 crore with a growth of up to 15% by the end of this financial year. The company has three production facilities in Chennai, with a capacity of 2,000...
PESU replacing old aluminium wires with insulated aluminium cables in Bihar, India
<p>Patna Electric Supply Undertaking (PESU)- the state government-owned electricity supplier of Bihar, India, is planning to replace the old loose hanging aluminium wires in many areas across the state with insulated bunched aluminium cables, said senior officials of the firm. The plan is being...
Ancillary units to support downstream aluminium growth in Odisha, says Nalco CMD
<p>Odisha- India's mineral-rich state in the east coast stands a great chance to become the country's most sought-after manufacturing hub, said Dr. Tapan Kumar Chand, CMD of the State-run National Aluminium Company Limited (Nalco). <br /><br />Dr. Chand was attending the Business Standard Odisha...
Balco plans bauxite mining expansion in Chhattisgarh
<p>Bharat Aluminium Company Limited (Balco) is planning to step up its bauxite mining operations in India in order to address the raw material crises it has been facing at its alumina refining facility. Presently, the Vedanta controlled aluminium company is producing 2 million tonnes of bauxite in...
The U.S. aluminium foil exports register YOY decline while India steps up production
<p>The U.S. is one of the biggest markets of global aluminium foils. According to the Aluminum Association, the aluminium foil market in the North American country is currently valued at $5 billion, and about 36% of the total demand is met through imports, up from only 16% in 2007. As an...
Nalco to provide hand-holding support to MSME vendors
<p>Navratna PSU N alco is ready to provide hand-holding support to its regular MSME vendors who ensure quality and timely delivery of products, the aluminium major's CMD T K Chand said. <br /><br />As a responsible large-scale industry, Nalco shall make efforts to publicise select MSME brands,...
MCX Aluminium hovers above major support
<p>The aluminium futures contract on the Multi Commodity Exchange (MCX) fell over 3 per cent to close at INR116.85 per kg in the past week.<br /><br />However, the contract has begun this week on a slightly positive note and is currently trading at INR117.5.<br /><br />A key support is at INR116.2....
Aluminium busbar market to grow at the fastest CAGR during 2016-2021
<p>The global busbar market is estimated to be worth US$16.55 billion growing at a 5+% CAGR between 2016 and 2021, reveals data published in a recent market report. The aluminium busbar segment alone is estimated to grow at the fastest CAGR. Driven by tremendous growth in the Asia-Pacific and the...
Nalco faced by domestic market challenges for alumina value-addition, says Mines Minister
<p>India's state-owned integrated aluminium company National Aluminium Co. Ltd (Nalco) has been working on a strategy devised to add greater value to the alumina produced in-house; but a host of challenges is obstructing the PSU's way to attaining success in the transition- the domestic market...
India mines ministry may decide in favour of MIP on aluminium
<p>According to the latest InfraCircle update, India's ministry of mines is likely to announce its decision in favour of imposing minimum import price (MIP) on aluminium. The state-run engineering consultancy firm Mecon recently submitted a report to the ministry recommending imposition of MIP on...
Gear up for the top aluminium events in December
<p>The major global aluminium events get over before the holidays start. The month of December still has some major aluminium events that take place mostly in the Asian subcontinent. The warmer climate makes it more apt for the westerners to visit this part of the world and mix work and...
Vedanta plans to invest up to $2.9 bn to expand its alumina and aluminium capacity in Odisha, India
<p>Mining major Vedanta resources plans to invest INR 150 to 200 billion ($2.93 billion) over next three years to expand its alumina and aluminium producing capacity in Odisha, India, according to a statement made by Anil Agarwal, chairman of Vedanta Resources Plc. on the inaugural day of the...
Nalco to see better days with rising alumina prices
<p>National Aluminium Company (Nalco), the world's second lowest cost producer of alumina, will benefit from the rising alumina price. Global alumina benchmark price has risen around 14% over the past month and 30% in three months. This should boost the company's December quarter results. <br /><br...
UAE accounts for 20% of aluminium alloy import by India
<p>India is a net exporter of aluminium. At the same time, the country imports a large volume of aluminium to use in different downstream applications in the automotive, construction and defence sector. Imports now account for 56 per cent of domestic demand. The import is mostly driven by...
MCX Aluminium edges 0.29% higher amid rising demand
<p>Aluminium futures traded on India's Multi Commodity Exchange edged higher at INR 119 per kilogram today, up 0.29 per cent from the previous close. The uptick in demand at the spot market was caused by speculators creating fresh positions. <br /><br />Aluminium for delivery in November inched...
India's engineering consultant recommends imposition of 15% MIP on aluminium
<p>Mecon, India's leading engineering consultant, has recommended imposition of minimum import price (MIP) on primary aluminium products. The firm submitted its report stating its findings and recommendations to the Aluminium Association of India last week. <br /><br />Mecon was appointed by the...
Indian Railways mulling a shift from Corten steel to aluminium coaches
<p>The Indian Railways is gradually shifting from Corten steel to lighter materials- most preferably stainless steel and aluminium, for making coaches, said sources close to the ministry of railways. A specification for aluminium body coaches has already been developed by the Research Designs and...
