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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Hindalco alumina production records 16% growth YOY in Q2FY17
<p>Hindalco Industries has announced the unaudited standalone results for the second quarter ended September 30, 2016. The company delivered robust operational performance in a challenging macroeconomic condition.<br /><br />During the second quarter, alumina production (including Utkal Alumina)...
Vedanta Resources reports highest ever half-yearly aluminium production for H1 FY2017
<p>Vedanta Resources has reported the interim results for the six months ended 30 September 2016.</p> <p>The company reports a revenue of US$4.9 billion and EBITDA of US$1.2 billion for the first half of FY2017 reporting a drop of 15% and 4% respectively compared to the same period of FY2016...
The 13th International Mining & Machinery Exhibition to be held in Kolkata, India on Nov 16-19, 2016
<p>The 13th International Mining & Machinery Exhibition will be held at Eco Park, Kolkata in India during November 16-19, 2016. Organized by the Confederation of Indian Industry (CII) and supported by Coal India Limited, Ministry of Coal, Ministry of Mines, and Ministry of Steel, the Global...
Hindalco shares slip on share sale plan
<p>Shares of Hindalco Industries slipped on Tuesday amid reports that the company was planning to raise about $500 million through a share sale to reduce debt after a robust performance of the stock all through 2016.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto;...
Hindalco at 23 months high and gains over 100% in a year after Novelis earning reports
<p>Hindalco Industries shares were up 3% at INR 172 on BSE, trading at its highest level since December 2014(23 months high), after the company’s subsidiary Novelis reported adjusted EBITDA of $270 million in comparison to $182 million in the same period of 2015. Excluding metal price lag in...
Volvo’s V40 and V40 Cross Country facelifts to have aluminium accents in the interior
<p>Swedish car maker Volvo has recently launched Volvo S90, its luxurious sedan in India. Along with this launch, the market is abuzz with the news of 5 more new launches in store for Indian car lovers.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right:...
Saudi Arabia becomes an export hub for aluminium scrap in the East
<p>The Kingdom of Saudi Arabia has positioned itself as a major hub for scrap metal recycling. However, despite that Saudi Arabia exports most of the scrap it generates.</p> <p>According to the recent estimate, in 2015, Saudi Arabia exported <strong>211,045</strong> tons of aluminium scrap...
OMC to make fresh bids with NGT for mining bauxite in Niyamgiri Hills
<p>India’s State-run mining company Odisha Mining Corporation (OMC) has renewed attempts to start bauxite mining operations in the ecologically fragile Niyamgiri Hills, reported sources aware of the matter. The company’s earlier attempts in this regard were turned futile by the...
Top 5 Downstream Aluminium Companies in the World
<p>Overcapacity, falling LME prices, and escalating cost of production in the non-oil producing countries have been the bane for global aluminium industry for over a year now. If that weren’t enough, a number of old capacity restarts and new additions in China have added another spoiler....
IBAAS outlines the outcome of 2016 Goa Symposium for the India Ministry of Mines
<p>IBAAS 2016, the fifth annual conference of the International Bauxite Alumina & Aluminium Society, was organized jointly with the Indian Institute of Metals, during September 26- 28, 2016, at Goa, India. The topic for the symposium was ’Aluminium Industry - The Evolving Asia-Pacific...
Wheels India Ltd posts profits for Q2 2017, aluminium wheels capacity expansion in pipeline
<p>Wheels India Ltd., a steel and aluminium alloy wheels manufacturer has reported a net profit of INR 13.07 crore for the second quarter ended September 30, 2016, up 40.99 per cent from INR 9.27 crore in the corresponding period previous year. Revenues during the quarter grew 5.41 per cent to INR...
Nalco likely to put its aluminium smelter plans in Iran on hold
<p>India's state-owned aluminium producer National Aluminium Company (Nalco), in all likelihood, is planning to hold back its greenfield aluminium smelter plan in Iran. The Navaratna PSU had planned to come up with a 0.5 million tonne per annum (mtpa) aluminium smelting facility in the West Asian...
World bauxite trade valued at $3.07bln in 2015
<p>According to the recently published Research and Markets report, the global aluminium ore and concentrate trade amounted to 3,077 million USD in 2015, exhibiting noticeable fluctuations over the period under review. A significant drop in 2009 was followed by volatile recovery over the next four...
India mines ministry to decide on duty protection for domestic aluminium sector
<p>India's primary aluminium producers are finally hoping to see some ray of hope as the country's mines ministry said that it is working to come out with a decision on duty protection measure for the domestic aluminium sector in a couple of weeks from now. <br /><br />"We are working to provide...
Vedanta Limited reports 9% revenue increase in Q3 2016
<p>Vedanta Limited today announced consolidated results for the second financial quarter (Q2) ended 30 September 2016.<br /><br />For the aluminium sector, smelters continued to ramp-up. The company managed to maintain the production run-rate of 1.1mtpa (excluding trial run) and 1.2mtpa (including...
CMDC to start bauxite mining in Narmadapur and Barima blocks in Chhattisgarh
<p>The Chhattisgarh Mineral Development Corporation (CMDC) is poised to start bauxite mining in Narmadapur and Barima blocks in Surguja division of the state. The bauxite mining blocks at Narmadapur and Barima blocks are spread over in areas of 47.81 hectares and 54.26 hectares, informed CMDC...
ALUCAST 2016: Technology, Processes, Products – for the die casting industry
<p>The 7th edition of ALUCAST - India’s biggest and most focussed platform for the Aluminium Die-Casting Industry will be held from 1st – 3rd December 2016 at Bangalore International Exhibition Centre, Bengaluru. The Exhibition is organised by the Aluminium Casters’ Association of...
India mines ministry announces change in NALCO board
<p>India's mines ministry has announced a change in the board of PSU aluminium producer National Aluminium Company Limited (Nalco). The ministry has replaced Nikunja Bihari Dhal from the Nalco Board of Directors with Subhash Chandra, a joint secretary in the mines ministry. <br /><br />Dhal, a...
