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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Vedanta to produce 1.5 mt aluminium in FY17
London-listed Vedanta Resources has firmed up plans to hike production of both aluminium and alumina in the country during the current fiscal. While the overall aluminium output from its smelters at Jharsuguda and Balco's smelting unit at Korba is expected to move up 60 per cent, production at...
India aluminium edges up on scattered demand
Aluminium prices were up by INR 2 per kg at the non-ferrous metal market on Saturday on mild demand from consuming industries amid firm global cues. However, other base metals held steady in thin trade. Traders said some demand from consuming industries and a report of firm trend overseas mainly...
Govt of India to set up online portal for monitoring mine clearances
Centre and states will create a platform to monitor the status of clearances and approvals of auctioned mines bearing minerals such as bauxite, gold, iron ore and limestone. At the first meeting of the inter-ministerial group (IMG) held earlier this month, it was decided that a software should be...
Jiangsu Longzhe Tech offers to invest $125 mln in India's aluminium alloy conductor manufacturer
Jiangsu Longzhe Technology and Trade Development Co Ltd has offered to invest $125 million (about INR 825 crore) in Diamond Power Infrastructure Ltd, the Indian electrical-equipment maker said. The investment will be subject to the approval of a debt restructuring process by lenders to the company,...
India's FY16 industrial output growth plunges but aluminium conductor shows high positive growth
Dashing hopes of recovery, growth in industrial production plunged to 0.1 per cent in March due to poor performance of manufacturing and mining sectors coupled with sharp decline in output of capital goods. Factory output measured in terms of Index of Industrial Production (IIP) was 2.5 per cent in...
Aluminium futures rise on global cues, spot demand
Tracking firmness in base metals overseas coupled with strong demand at domestic spot markets, aluminium prices edged up 0.19 per cent to INR 103.70 per kg in futures trade today as participants’ enlarged positions. Marketmen said apart from increased domestic demand, a firming trend in the base...
GE ties up with IIT-M to set up Digital Twin of an aluminium smelter
US-based conglomerate GE has signed an agreement with the Indian Institute of Technology, Madras (IIT Madras), to set up an Industrial Internet Centre of Excellence. The Centre is being established to develop applications that will help companies save costs. The first of these will be the Digital...
Aluminium China joins hands with Guest of Honour India to explore Southeast Asian market
Upon the closing of the “Two Sessions”, it has become a central topic that China’s economy has entered the “New Normal”. The Report on Government Work made by Premier Li Keqiang has set the GDP growth target of 6.5-7 per cent for the year of 2016 based on a comprehensive assessment on the...
Hope for 15% safeguard duty: Satish Pai, VP, Aluminium Association of India
Indian aluminium industry seeks a safeguard duty of at least 15 per cent covering all product categories from primary to value-added, said Satish Pai, Vice President of Aluminium Association of India, in a recent interview. Pai said, "We have been always asking as you rightfully said about 15-20...
Hyderabad to adopt green building code boosting demand for aluminium
The Greater Hyderabad Municipal Corporation plans to popularise the Energy Conservation Building Code, beginning with 25 model buildings, both government and commercial, being made reference models for others. Resultantly, the use of aluminium profiles, panels and other extrusion products for...
Nalco surges on entering into MoU with BARC for R&D
State-run aluminium maker National Aluminium Company (Nalco) has entered into a memorandum of understanding (MoU) with Bhabha Atomic Research Centre (BARC), Mumbai, for Research and Development (R&D) in fields of mutual interest. Extraction of Gallium from Bayer Liquor will be NALCO's first R&D...
Indian aluminium firms await respite
Indian steel companies have seen their fortunes swing back after implementation of the minimum import price but aluminium majors await similar triggers. The recommendation of the Directorate General of Safeguards for a provisional safeguard duty of five per cent ad valorem for 200 days had lifted...
Aluminium futures firm up as spot demand hardens
Aluminium prices edged up by 0.68 per cent to INR 104.40 per kg in futures trade yesterday, May 11, as participants enlarged positions amid a firming trend overseas. Moreover, strong demand in spot markets influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in the...
Eicher Motors charts strong sales growth despite aluminium and steel price volatility
In an industry where volumes matter the most, the rest tend to follow. Going by the March quarter numbers, Eicher Motors seems to be perfecting this art better than peers such as Bajaj Auto and TVS Motor Company. Led by strong sales growth in its Royal Enfield offering and commercial vehicles in...
NALCO allotted Utkal-D & E coal mines
The Government of India vide Allotment Order dtd. May 02, 2016 have allotted Utkal-D & E Coal Mine in favour of National Aluminium Company Ltd (NALCO). The Allotment Order was issued by the Office of Nominated Authority, Ministry of Coal on behalf of Govt, of India. All the rights, title and...
Centre, states to brainstorm on making mines auction in India a success
The Centre has called a meeting of the Indian state governments this month to deliberate on making the next phase of mineral mines’ (iron ore, bauxite, limestone, gold) auction a success after the initial round failed to get a strong response from the industry. The high-level meeting, to be chaired...
Aluminium centre develops new refractory material
Calcined clay is the most common material used as refractory material (lining of high temperature furnaces). As demand of calcined clay grows manifold, an alternative is needed. The city-based Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) has found a substitute to...
Supreme Court of India quashes Odisha's plea on Niyamgiri bauxite mining
The Supreme Court on Friday scrapped a petition filed by state owned mining company Odisha Mining Corporation (OMC) to consider afresh the possibility of holding gram sabhas to decide bauxite mining on top of Niyamgiri hills. A bench of the apex court headed by Justice Ranjan Gogoi, refused to...
