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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Aluminium to remain range-bound in the short term: ICRA
<p>Indian ratings agency ICRA said today it maintains not too ambitious outlook for aluminium, at least, in the short term as prices are expected to reflect a range-bound movement hovering around their current levels.</p> <p>Aluminium has been witnessing record low levels in the second half of the...
Aluminium die caster Endurance Technologies raises INR348 cr from anchor investors
<p>Endurance Technologies Ltd, an Aurangabad-based automobile parts maker, on Tuesday said it has raised INR348.5 crore by allocating shares to so-called anchor investors, a day ahead of its initial public offer (IPO).<br /><br />Shares were allocated at INR472, the upper end of the IPO price band...
Vedanta contemplating revival of Malco for making recycled aluminium
<p>Vedanta, the London listed mining conglomerate says it is contemplating revival of the Madras Aluminium Company (Malco) which closed shutters in December, 2008. Vedanta however ruled out the possibility of primary aluminium production in the plant. The firm says they are internally discussing...
India to decide either in favour of MIP or hike duty on aluminium imports
<p>India may consider imposing a floor price or raise tax on imports of aluminium to protect the domestic industry from the onslaughts of cheap supplies from overseas markets, Mines Secretary Balwinder Kumar said on Tuesday. He said a decision on import duty hike or minimum import price (MIP) on...
Endurance Technologies- India's largest aluminium die casting manufacturer IPO opens on Oct 5
<p>Endurance Technologies is all set to float its initial public offer tomorrow. Below listed are 10 things investor should consider in Endurance Technology IPO:<br /><br />1. First thing first- Endurance Technologies is India's largest aluminium die casting manufacturer and one of the country's...
Moto to launch Moto Z and Moto Z Play in aircraft-grade aluminium cover, today!
<p>Lenovo-owned mobile phone brand Moto, the erstwhile Motorola, is all set to unveil two handsets at one go in an event that will be streamed Live at 12:00 pm today. The phones- Moto Z and Moto Z Play are going to be the mobile manufacturer's grand launches before festival season begins India. The...
Nalco sets INR1,021 cr Capex target for FY17
<p>Public sector aluminium firm National Aluminium Company (Nalco) has lined up a capital expenditure (Capex) of INR1,021 crore for 2016-17. <br /><br />The Capex would be used for projects like development of Utkal D&E coal blocks, wind power projects of 50 Mw each in Maharashtra and...
China’s bauxite import rises month-on-month in August
<p>According to Scrap Monster China, about 4.46 million tons of bauxite was imported by China in August 2016. The import surged 22.7% from July 2016, as shown by the latest China customs statistics. This shows China is in no plan to cut down its aluminium production in recent times.<br /><br />The...
Indian govt asks Nalco to review $2 bln aluminium smelter project in Iran
<p>Government has directed state-run aluminium maker Nalco to reconsider its over USD 2 billion project for setting up a gas-fired thermal power plant and a smelter in Iran. Nalco has been in the process of setting up a 5 lakh tonnes aluminium smelter in Iran, where is can get natural gas at cheap...
IBAAS concludes its 5th international Symposium successfully in Goa, India
<p>After three eventful days of delegation networking, brainstorming and paper presentation, of 5th International Bauxite, Alumina & Aluminium Society (IBAAS) symposium with a highlight on the evolving Asia-Pacific aluminium industry and the issue of sustainability for the aluminium industry...
India's largest aluminium die casting manufacturer sets price band for IPO
<p>Endurance Technologies, one of India's leading automotive component manufacturing companies, has set a price band of INR467 to INR472 per share for its initial public offering (IPO) of shares scheduled next week. The company aims to raise funds estimated around INR1161 crore. The share sale is...
MCX aluminium up by 0.69% on global cues and spot demand
<p>Firm trend in international market boosted demand in India spot market, buoyed by which aluminium prices surged 0.69 per cent to INR 109.45 per kg in futures trade today as traders in the aluminium industry created fresh positions. <br /><br />In futures trading at Mumbai's Multi Commodity...
China alumina import in August declines 68% YoY; export too faces a slowdown
<p>China’s total alumina imports declined 68.31 per cent over the same period previous year to stand at 128,729 million tonnes (mt) in August. The volume shrunk during the first eight months of the current fiscal as well. It dropped 26.66 per cent YoY to stand at 2,027,202mt for...
India's annual aluminium consumption grows 20% year over
<p>India's annual aluminium consumption is on a growth trajectory. The total estimated consumption of the lightmetal used in cars to construction has increased considerably over the last two financial years. While sale of the metal has been steady through 2015-16, total aluminium imports scaled...
Mumbai office complex becomes power self-sufficient with 808 rooftop aluminium solar panels
<p>The Arcade, a large office building in Mumbai, has become the first self-sufficient commercial building in the country in terms of power generation and supply by installing as many as 808 solar panels, all made of aluminium. Spread across 25,000 square foot roof, the aluminium solar panels are...
Indian aluminium industry has enough scope for improvement in energy consumption- Mines Secretary at IBAAS 2016
<p>The 5th International Bauxite, Alumina & Aluminium Society (IBAAS) Symposium- 2016 opened its doors to the domestic and international delegates at Radison Blu Hotel & Resort in South Goa, India today and the conference will host delegates from international and domestic aluminium...
Indian Railways to use Aluminium alloy span in Pamban steel Rail Bridge
<p class="body">Indian Railways have taken a decision to use a span made of Aluminium alloy in a steel rail bridge. In this welcoming move, Railways would replace the ageing Scherzer’s span, designed by a German Engineer, at the century-old Pamban Rail Bridge with an aluminium alloy...
Primary producers lobbying for profit; duty on aluminium would shut MSMEs: ASMA to Union Power Minister
<p>The downstream aluminum industry, who are mostly the micro, small and medium enterprises (MSMEs), has urged Union Power Minister Piyush Goyal that the import of raw material should have no duty or rather minimum duty and maximum duty must be imposed on the import of finished aluminium...
