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 auto component manufacturer plans INR500-600 cr investment over 3 years
<p>India based auto components manufacturer Rane Group has announced plans to invest INR50-600 crore for expansion over the next three years. Group Chairman L Ganesh said in a recent interview that he expected the growth to scale 11-12 per this financial year from an annual average of 8-9 per cent...
Aluminium jumps 9% in Jan-Aug; investors should maintain long positions
<p>After a dismissal performance last year, aluminium managed to gain around 9 percent in the first eight months. The increase in demand is attributed by two factors, demand in China and demand from automobile industry. Sharp fall in inventories has also been blessing for aluminium.<br /><br...
Nalco lowers FY17 profit and cash balance projections
<p>India's National Aluminium Co. Ltd (Nalco) delivered an astounding performance with gross turnover amounting to INR7,157 crore and net profit INR731 crore in FY2015-16. The feat is all the more remarkable since it happened during a period when about 70 per cent of the world's aluminium producers...
Odisha's Kodingamali bauxite mine to feed Vedanta's Lanjigarh alumina refinery
<p>The Government of Odisha has finally woken up to the acute raw material crisis that forced metal and mining giant Vedanta to partially close down its alumina refinery in Lanjigarh in December last year. The State government said on Wednesday that it will provide bauxite for the ailing refinery...
Novelis to raise up to US$1.1 bln via bond issue
<p>Rolled and recycled aluminium firm Novelis Inc. announced a bond issue yesterday intended to raise up to US$1.15 billion for refinancing debt.<br /><br />Novelis initially intended to use the funds to repurchase US$500 million of US$1.1 billion worth of notes due next year, but subsequently...
Hindalco net profit jumps more than four fold in Q1
<p>Indian aluminium producer Hindalco, the Aditya Birla flagship company reported the result of Q1 on August 12 and registered a more than four four-fold jump in standalone net profit to INR 294 crore from INR 61.10 crore in the same period of 2015. It was the company’s better...
India’s Q1 FY17 bauxite production down 16% YoY, overall mineral production up 14%
<p>According to the provisional mining data (yet-to-be-released) reviewed by InfraCircle, India’s overall mineral production during the first quarter of 2016 has increased 14 per cent to reach 138.53 million tonnes (MT) compared with 121.11 MT during the same period last year.<br /><br />The...
Talgo train with aluminium coaches clocks 120 kmph during Mathura-Palwal trial
<p>Spanish train Talgo today commenced its second phase trial from Mathura at 120 km per hour speed with senior officials from Spain and Railways onboard. The train with nine coaches made from aluminium started the journey at 12.40 PM from Mathura and reached Palwal at 1.33 PM covering the 84 km...
India major aluminium scrap prices continue to stay flat; MCX aluminium down
<p>India major aluminium scrap commodities prices continued to stay flat on Tuesday, while aluminium futures prices at Multi Commodity Exchange settled down due to seasonally weak demand in top metals consumer China and concern that Beijing may not cut rates soon. <br /><br />The major aluminium...
Aluminium making quick inroads into Indian automotive industry
<p>Aluminium consumption in Indian auto industry is still far below the global average. The market for automotive aluminium sheet, hence, is presently at a nascent stage. Nevertheless, the industry has already started re-aligning its focus on weight reduction of vehicles both for small and...
MMMM 2016 kicks off in New Delhi, India; AlCircle joins hands as a media partner
<p>The Minerals, Metals, Metallurgy & Materials International Exhibition and Conference (MMMM) is a leading biennial international event for industry players from these sectors. Each edition of the event has been making significant value additions to the industry and visitor turnout and the...
Mahindra, MSTC ink agreement for setting up auto shredding and recycling plant in India
<p>India's Mahindra Intertrade, a part of the diversified Mahindra Group has inked an agreement with the State-run metal scrap trading firm MSTC for setting up an auto shredding and recycling plant in the country. The JV agreement was inked in presence of Steel Minister Chaudhary Birender Singh and...
Vedanta's Lanjigarh alumina refinery revives second stream operations
<p>London listed metals and minerals giant Vedanata Resources has resumed work at its alumina refinery at Lanjigarh in Odisha. The company had idled the second stream at the refinery on sourcing constraints of bauxite, the principal raw material for alumina production. But, now as aluminium output...
Vedanta chairman reiterates firm belief on his company’s efficiency and growth during AGM
<p>During the Annual General Meeting of Vedanta Resources in London on August 5, company chairman Mr. Anil Agarwal reaffirms his faith on the positive global market trend and the fast moving Indian economy. He assures that Vedanta is well ahead of its worst time and the turnaround in the...
Nalco mulls reducing aluminium CoP by 9%
<p>The state-owned aluminium producer National Aluminium Company (Nalco) is aiming at paring down aluminium output cost by eight-nine per cent to increase long-term profitability in a changed business scenario. The company aims to do that by ramping up production through brownfield expansion and by...
Asus ZenFone 3 series will sport a light aluminium alloy unibody
<p>Asus is gearing up to launch its latest generation ZenFone 3 series in New Delhi soon. The mobile phone maker's annual Z3NVOLUTION event, which started last year, will see the unveiling of the ZenFone 3 series phones that were announced at Computex 2016. ZenFone 3 Deluxe is Asus' new flagship...
India major aluminium scrap prices remain flat; aluminium futures up
<p>India major aluminium scrap commodities prices remained flat on Wednesday; while aluminium futures prices at Multi Commodity Exchange ended up as support seen after Norsk Hydro raise its estimate of growth in global aluminium demand to between 4 per cent and 5 per centfrom 3-4 per cent. <br...
Construction at Nalco’s Damanjodi alumina refinery to commence in Feb 2017
<p>India's Navarana PSE National Aluminium Company (Nalco) expects to commence construction at its alumina refinery complex at Damanjodi, in the Koraput district of Odisha, in February 2017, according to industry reports. The vertically integrated aluminium producer had announced a major expansion...
