Bosch SDS, Dassault Systèmes collaborate to advance AI-led manufacturing in India
Bosch Software and Digital Solutions (Bosch SDS) and Dassault Systèmes today announced a collaboration in India to help manufacturing enterprises accelerate digital transformation across product engineering, manufacturing operations and industrial value chains. The collaboration brings together...
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...
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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...
India aluminium futures slide 0.91% on muted demand
<p>Aluminium prices drifted lower by 0.91 per cent to INR119.85 per kg in futures trading today as traders reduced positions, driven by easing demand in the spot market.</p> <p>At Mumbai's Multi Commodity Exchange, aluminium for delivery in November declined by INR1.10, or 0.91 per cent to...
Demonization might affect aluminium scrap trade in India: MD Hindalco Industries
<p>The demonetisation of INR500 and INR1000 currency notes announced by the Government of India on 8 November 2016, which put an end to the usage of all INR500 and INR1000 banknotes as a form of legal tender from 9 November 2016, had a limited effect on the business of big aluminium players in the...
Andhra University research suggests adopting eco approach to bauxite mining
<p>A recent study done by Geo-scientists and researchers of Andhra University, titled 'Bauxite mining in Eastern Ghats of Andhra Pradesh, Possible Environmental Implications and Measures for Environmentally Friendly Mining,' has highlighted the environmental implications of open cast bauxite mining...
India aluminium industry submits budget wish list, seeks duty rejig
<p>In a recent submission to the government, the domestic aluminium industry body has sought supportive measures in the next Union budget, including increase in basic customs duty on aluminium products from 7.5 per cent to 15 per cent to check rising imports and reduction of clean energy cess on...
Coca-Cola soon to launch aluminium bottles for its leading brands in India
<p>Coca-Cola is planning to introduce aluminium bottles for their brands Coke, Diet Coke, Coke Zero and Sprite in India in the next three to four years, said a top executive from the beverage firm. <br /><br />The 200 ml aluminium bottle is already quite popular in countries like the UK, US, and...
China diversifies bauxite sources while imports decline 2.8% YoY in Sept 2016
<p>China diversified its bauxite imports sources in September this year in order to meet the rising demand from the domestic alumina industry, reported Shanghai Metals Market. In spite of shrinking imports of aluminium ore from Australia and Guinea, shipments from India, Fiji and Solomon Islands...
Auto sales to drive India's aluminium demand growth
<p>After a few years of lull, Indian aluminium industry is finally getting to experience a decent rise in consumption. Indian aluminium majors see the demand charting a double-digit growth in the current financial year, buoyed by automobile growth and enhanced industrial activity. Factors like...
Report cites Niyamgiri bauxite project as one of the $179 billion worth of projects in India to be affected by land disputes
<p>According to a latest report by the Rights and Resources Initiative (RRI), a global coalition of non-profit organisations, and the Tata Institute of Social Sciences (TISS), almost 80% of land conflicts arise out of development and industrialisation processes.<br /><br />Over US $179 billion...
India's alumina producers seeking anti-dumping duty exemption on caustic soda
<p>India's domestic aluminium producers have been long demanding for an import duty protection for aluminium to which the government has responded in the affirmative only very recently. Now, the likes of Vedanta Ltd., National aluminium Company (Nalco), and Hindalco have again come up with the...
The FY 2016 saw 27% growth in bauxite mining in India: Ministry of Mines
<p>The Indian Mining and Machinery Exhibition organised by CII in Kolkata, India came to an end on November 19 2016. The exhibition reflected the positive growth being observed in the mining sector in India.<br /><br />Balvinder Kumar, secretary ministry of mines said on the context of the...
Indian bauxite export drops after levying of 20% export duty on bauxite
<p>India has a total bauxite resource of 3,480 million tons( according to UNFC system) which includes 593 million tonnes reserves and 2,887 million tonnes remaining resources. By grades, about 84% resources are of metallurgical grade. Odisha alone accounts for 52% of country's resources of...
India ministry of mines data reveals aluminium demand-supply gap
<p>Aluminium consumption in India was estimated at 15.49 million tonnes (mt) during the second quarter of the current financial year. Total production volume, on the other side, stood at 14.47 mt in the same period previous year. Clearly, there is a demand-supply gap that remains to be bridged...
Nalco representatives to visit Iran next month to access feasibility of the proposed aluminium smelter
<p>As a forward step towards the construction plan of an aluminium smelter and a gas-based power plant in Iran, Nalco is sending a research group comprising of senior executives to Iran for doing a feasibility round up. The information came from a senior Indian government official on condition of...
State-owned Mecon recommends minimum import price on India's primary aluminium
<p>After consulting domestic aluminium manufacturers, state-run engineering consultant Mecon Ltd in a recent report submitted to the ministry of mines has recommended imposition of minimum import price (MIP) on primary aluminium to guard the industry against cheap imports. <br /><br />InfraCircle...
India’s imports of aluminium bars, rods and profiles rise in tandem with construction sector growth
<p>India’s imports of aluminium products have been rising over the last two years though at a ‘not-so-unusual rate’ as has been the buzz in certain segments of the industry in recent times. Considering the country’s overall growth, the imports have shown a rather marginal...
Audi launches RS 7 Performance with lightweight aluminium hybrid design in India market
<p>Audi, the German luxury car manufacturer enhanced their performance car portfolio with the launch of the new Audi RS 7 Performance in India. The Audi RS 7 Performance is a combination of dynamism and power. The five-door sportback has a powerful 4.0 TFSI powerful engine.<br /><br />"Even...
Hindalco reports EBITDA of INR 808 crore in aluminium for Q2 FY17- records YOY growth of 192%
<p>Hindalco Industries Limited, an Aditya Birla Group of company announced its unaudited standalone results for the quarter ended September 30, 2016 on November 12. PBDT for this quarter doubled to INR 899 crore compared to INR 447 crore in Q2 FY16.</p> <p>The company registered a Revenues of INR...
