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 primary aluminium makers get Mecon to prepare a report on MIP for them
<p>India's primary aluminium producers have hired state-run engineering consultant Mecon Ltd to prepare a report exploring the possibility of introducing minimum import price (MIP) on aluminium products and approach the government with the same. <br /><br />The move was directed shortly after the...
Indian primary aluminium makers ramping up their downstream operations to pare debts
<p>Global aluminium industry has been undergoing a paradigm shift over the last ten years. From primary metal production, the focus has shifted to downstream manufacturing. In India too, the change has happened, though at a bit slower pace. All major primary aluminium producers including National...
MCX Aluminium futures soften 0.96% on profit-booking
<p>Aluminium prices declined by 0.96 per cent to INR108.40 per kg in futures trade today as traders booked profits at prevailing levels, driven by easing demand in the spot market amid weak trend overseas. <br /><br />At the Multi Commodity Exchange, aluminium for delivery in far-month November...
HZL to launch specialized zinc-aluminium alloy at the International Galvanising Conference 2016
<p>Integrated mining and resource producer Hindustan Zinc Limited (HZL) is poised to lunch its specialized product- a high-end zinc die casting alloy produced using primary zinc and pure aluminium that will cater to the flourishing die-casting needs of the automobile, household appliances,...
Threat of closure still not there for Goa bauxite miners
<p>Bauxite mining in Goa is free of uncertainties related to possible closure that is looming large over the bauxite mines in Maharashtra, assured sources in the Indian mines ministry. According to them, bauxite mines in the coastal state are located at a safe distance away from the ecologically...
Nalco reports decent production and sales growth in H1 2016-17
<p>India's leading aluminium producer National Aluminium Company Limited (Nalco) has reported impressive results for H1 2016-17. Total aluminium production increased 4.2 per cent from the corresponding period previous year to total at 1.88 lakh tonnes. <br /><br />Further upstream, bauxite mining...
Indian Railways' high-speed aluminium-bodied Talgo project on fast track
<p>In a recent development the Technology Mission for Indian Railways (TMIR) has been reported to be considering a partnership with India’s premiere research institutes Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) and Visvesvaraya National Institute of...
LME aluminium nose-dives to a 2-week low; MCX aluminium rises 0.13% on spot demand
<p>Aluminium prices slipped to two-week lows on Monday weighed on by worries about Chinese producers restarting operations and adding to the metal glut being created by remelting of semi-finished products.<br /><br />Benchmark aluminium on the London Metal Exchange was down 1.4 per cent at $1,652 a...
Minda Kosei expanding its operations buoyed by India's growing demand for alloy wheels
<p>India’s automotive sector is looking up. Leveraging the buoyancy, the multi-company, multi-product UNO Minda Group is expanding speedily. Haryana’s Bawal, where the company has five plants, is being developed as the Group’s growth hub in India. <br /><br />Minda Kosei Aluminium...
Vedanta sets quarterly aluminium production record
<p>London’s Vedanta Resources plc released production numbers for the second quarter and first half of 2016 yesterday, reporting a record aluminium output of 296,000 metric tons for the second quarter.<br /><br />On the corporate side, highlights for the quarter included shareholder approval...
Jindal Aluminium appoints Pragun Khaitan as new MD
Jindal Aluminium Limited (JAL), the leading manufacturer of aluminium extruded profiles in Bangalore, India, has a new exec at the top. Pragun Khaitan has been appointed as the Managing Director of the company, said a company release. SR Jindal will continue as Chairman and will play a key role in...
Aluminium futures gain 0.40% in India as demand picks up
<p>Aluminium prices edged higher by 0.40 per cent to INR112.30 per kg in futures in the evening trading today as speculators enlarged positions, driven by rising demand from consuming industries in the spot market. <br /><br />The exchange remained closed for the morning session on account of a...
Vedanta achieves record aluminium production of 541,000 tonnes in H1
<p class="m-6114257443505482780so">Vedanta Resources published its production release for the Second Quarter and Half Year ended 30<sup>th</sup> September 2016</p> <p>During Q2 Vedanta aluminium smelters continued to ramp up with current production run-rate of 1.1 mtpa (excluding trial run...
MCX aluminium edges higher on uptick in demand
<p>In India spot market, aluminium prices edged up by 0.36 per cent to INR112.45 per kg in futures trading today as speculators built up fresh positions after pick-up in demand from end user industries.<br /><br />At Mumbai's Multi Commodity Exchange, aluminium for delivery in November was trading...
Indian aluminium sector needs help to take on foreign companies: Hindalco
<p>Aluminium major Hindalco on Friday sought government support to enable the domestic industry to take on what it called "foreign economic invasion" and urged it to encourage new investments.<br /><br />"We seek government support to enable domestic industry to compete with the onslaught of...
Aluminium consumption in India to grow from 3.3 mt to 5.3 mt
<p>Aluminium consumption in India is poised to grow from 3.3 million tonne (mt) in 2015-16 to 5.3 mt in 2020-21 riding on a host of government initiatives like, Make in India, Smart Cities, Housing for all, rural electrification, and freight corridors.<br /><br />This was stated in a report titled...
Indian Railways plans aluminium coach manufacturing facility at Palakkad site
<p>The languishing land acquired by the Kerala government in Palakkad to set up a rail coach factory may finally be put to use as the Indian Railways plans to issue a tender to set up an aluminium coach factory at the site. <br /><br />The tender for the factory, to be built under the...
Govt of India contemplating star rating and satellite-based monitoring for mines
<p>India government is planning to introduce a star rating for mines by next month. There are plans to start satellite-based monitoring of mining activities across the country, said mining secretary Balvinder Kumar at an ASSOCHAM event held in New Delhi yesterday. Mineral deposits of every type...
