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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India's upcoming vehicle scrapping policy to have beneficial impact on aluminium auto part makers
<p>The Indian automobile industry stands to benefit immensely from the vehicle scrappage policy to be implemented shortly by the government, said Union Minister for Road Transport & Highways, Nitin Gadkari. He said this at the 56th ACMA annual session, held in New Delhi on August 30. The...
India Mines Minister says MIP should be imposed on aluminium products
<p>India Mines Minister Piyush Goyal made it clear that he is favour of imposing minimum import price (MIP) on aluminium to safeguard Indian aluminium industry from the onslaughts of subsidized aluminium imports that are being shipped in excess quantity from China and the Middle East. <br /><br...
Japanese aluminium paste maker to set up JV project in India
<p>Toyo Aluminium KK, one of the biggest aluminium paste manufacturers of Japan, has invested in an expansive industrial venture in Vidarbha, India. The Japanese firm has joined hands with Bhandara-based MMP Industries to start a new aluminium paste manufacturing facility at Butibori, an industrial...
Vedanta is back in action with smelter ramp up and coal linkage
<p>Vedanta Limited is slowly getting back to full-fledged operations in all its facilities after a slowdown due to a number of issues like potline failure due to power shut down, raw material scarcity, low metal price, and cheap imports from China etc. According to a press update from Vedanta...
UM Hypersport adventure bike with aluminium alloy wheels to debut at India Auto Expo 2018
<p>UM Motorcycles is gearing up to launch its all-new 230-250cc vroom machine UM Hypersport at India Auto Expo 2018. The adventure motorbike with aluminium alloy-wheels is expected to hit the Indian roads some time by the end of 2018. <br /><br />UM Motorcycles made its first appearence at the 2016...
MCX Aluminium gains by 0.09% on uptick in demand
<p>Aluminium futures traded on India’s Multi Commodity Exchange, Mumbai, inched marginally higher today by 0.09 per cent to INR109.65 per kg as traders expanded position, helping the metal track a steady trend at spot market driven by boosted demand from end user industries. <br /><br />At...
BALCO resumes full-fledged operations after two years of partial closure
<p>After about two years of partial closure and capacity cut, Bharat Aluminium Company Limited (BALCO) has resumed its operations stage by stage in all its facilities. Now all the operations are running in full swing and Balco aims to produce nearly six lakh tonnes of Aluminium per annum in...
Vedanta sticks to FY17 production guidance for aluminium despite power shutdown
<p>Despite a massive power failure that struck one of its plants this month, mining giant Vedanta has maintained the <a href="http://www.alcircle.com/primary_aluminium/newscircle/market/detail/24835/vedanta-to-produce-15-mt-aluminium-in-fy17" target="_blank">production guidance</a> for its...
Nalco announces opening of its INR2,835-cr buyback offer on Aug 30
<p>The State-run aluminium producer Nalco today submitted the copy of public announcement regarding its INR2,835 crore offer to buyback 64.43 crore shares that will open on August 30. The announcement along with the letter of offer for the shareholders was submitted to the stock exchanges where the...
‘India doesn’t need to import aluminium’, says mines minister
<p>When an industry claims it has enough capacity, then why does it need to import the product to meet local demand? – is the question India’s Minister of State with Independent Charge for Power, Coal, New and Renewable Energy and Mines, Mr Piyush Goyal had for the country’s...
Rising Chinese semis exports adding downward pressure on global primary aluminium market: Rusal
<p>According to China’s General Customs data published on August 24, exports of aluminium semis during January to June period declined 9.1 per cent to stand at 2.02 million metric tonnes (mt) from 2.22 million mt from the corresponding period previous year. Nevertheless, the export volumes...
UC RUSAL expects Global aluminium demand to increase by 5.4% YoY in 2016
<p>Russian Aluminium major UC RUSAL announces its results for the 2nd Quarter and 1st Half ended 30 June 2016. Along with reporting the financial results, the company also reports global aluminium market trends for H12016 and its forecast for the rest of the year.<br /> <br...
India's bauxite output surges 35.5% YoY in June 2016
<p>India's total output of bauxite, the principal ore of aluminium, shot up 35.5 per cent in June this year, compared to the same period previous year. <br /><br />The country's overall mining and quarrying sector for the month of June grew by 4.7 per cent to INR18,344 crore compared to the...
China's high-speed train on the way to boosting aluminium locomotive parts manufacturing in India
<p>The 'Make in India' drive has put India's slow-growing infrastructural development onto a fast-track. China’s largest high speed train maker recently announced that its first USD 63.4 million joint venture plant in India to repair and manufacture railway locomotive engines has started...
India Finance Ministry mulling MIP imposition on aluminium to stem surging cheap imports
<p>The Government of India is finally considering imposing a minimum import price (MIP) on aluminium to help address the issue of surging cheaper aluminium shipments from overseas markets, especially China and Middle East. The surge has been such that the even biggest names in the primary aluminium...
Hindalco to invest INR250 crore in new wire-rod plant in Dahej
<p>Hindalco Industries, an Aditya Birla Group company, will invest INR250 crore in a new wire-rod plant at Dahej in Gujarat. The new facility with a capacity of 2.50 lakh tonnes will take the company’s total wire-rod production capacity to four lakh tonnes from the current 1.50 lakh...
India Aluminium Scrap prices remain stable; Aluminium Futures down
<p>India major aluminium scrap commodities prices remained stable on Thursday, while aluminium futures prices at Multi Commodity Exchange settled down on profit booking after prices rallied to test 113.70 mark tracking gain's from LME aluminium which held near their strongest level in 13 months on...
AAI meets Mines Ministry for minimum import price protection for aluminium
<p>Indian aluminium industry giants have once again come forward to nudge the government to take some decisive steps against cheap aluminium imports that have been flooding the Indian market for a while now. <br /><br />After the Centre gifted the domestic steel industry some relief from the...
