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 futures weaken on sluggish demand
Aluminium fell 0.18 per cent to INR 109.40 per kg in futures trade today after traders reduced their exposure due to sluggish demand at the domestic spot market amid weak trend overseas. At Multi Commodity Exchange, aluminium for delivery in June eased 20 paise or 0.18 per cent to INR 109.40 per kg...
Aluminium futures weaken as participants trim position
Aluminium prices fell by 0.32 per cent to INR 109.10 per kg in futures trade yesterday, May 4, after traders reduced their exposure amid muted domestic demand and weak trend in base metals at the London Metal Exchange. At Multi Commodity Exchange, aluminium for delivery in June eased 35 paise or...
India defers provisional safeguard duty on unwrought aluminium imports
Under criticism over its protectionist measures for the domestic steel industry, India has deferred the 5 per cent provisional safeguard duty on imports of unwrought aluminium. Unwrought aluminium is extracted from primary metal or scrap and is imported by India from various countries such as the...
Chhattisgarh to auction two bauxite mines in the second phase
The success of the first phase of mines auction held in February this year has encouraged Chhattisgarh government to go ahead with a second phase of auctioning. This time, the state government is planning to put 10 more mines carrying limestone and bauxite deposits for auction. Of the 10 mines,...
NALCO to buy back 25% stake from government
State-controlled National Aluminium Co Ltd (NALCO) has agreed to buy back 25 per cent of its shares from the government, Indian Mines Secretary Balvinder Kumar said after a meeting with the company on Monday to discuss pricing. The buyback, initiated by the finance ministry earlier this year, is...
JNARDDC to develop aviation grade aluminium alloys for IAF
The Jawaharlal Nehru Aluminium Development and Design Centre (JNARDDC) is working towards development of aviation grade alloys for the Indian Air Force (maintenance command) as a part of the indigenization process and the 'Make in India' initiative of the government. It will also be setting up an...
Balco plans to enhance capacity to 1 MTPA
Vedanta-controlled Bharat Aluminium Company Limited (Balco) would be expanding its production capacity to 1 million tonne per annum (MTPA). The proposal for the expansion and modernisation of Balco facility located in Chhattisgarh’s Korba district was designed in 2013. It was however put on hold...
HP launches anodised aluminium body Chromebook 13 G1
HP in collaboration with Google on Thursday, April 28, launched its latest Chromebook 13 laptop, the Chromebook 13 G1, priced at $499 (roughly INR 33,200) for the base model. It is said to go on sale this month. Looking at the Chromebook 13 G1's design, which boasts of a brushed anodised aluminium...
Rico Auto sets up manufacturing plant in Chennai
Rico Auto Industries Ltd stock was higher by 5 per cent at INR 40. The company has set up a manufacturing plant at Chennai for supply of High Pressure Die Casting Aluminium Auto Components to Renault-Nissan. The scrip opened at INR 40 and has touched a high and low of INR 41.1 and INR 39.7...
MCX aluminium softens on reduced industrial demand
Aluminium prices declined by INR 2 per kg in Indian non-ferrous market on Tuesday, April 26, due to reduced industrial offtake. However, other base metals held steady in thin trade. Traders said fall in demand from consuming industries mainly led to the decline in aluminium prices. In the national...
Odisha Mining Corp on track to be a long-term bauxite supplier
Odisha Mining Corporation (OMC), a state-run entity engaged in iron ore supplies to steel plants both within and outside the state, is on course to be a long-term bauxite supplier to aluminium producers operating without captive leases. The central mines ministry has approved the reservation of the...
Govt of India may recommend provisional safeguard duty on aluminium
Just as provisional safeguard duty was imposed on the import of steel last year, the Government of India is likely to recommend the same for aluminium import as well, reports . Indian aluminium giants like Hindalco, NALCO, BALCO and Vedanta have complained about the incessant dumping from China and...
MCX Aluminium remain up on rising demand and global cues
Aluminium along with a few other select base metals strengthened by INR 2 per kg at the non-ferrous market today in India, following pick up in demand from consuming industries coupled with a firm global trend. Traders said besides pick up in demand from consuming industries, a firm global trend...
India govt initiates safeguard investigation against aluminium imports
The Directorate General of Safeguards (DGS) has initiated the investigation in alleged increased imports of unwrought aluminium for causing injury to the domestic aluminium industry. The period of investigation is 2011-12 onwards till 2015-16. This investigation came on the application filed by...
India's Feb IIP rises 2% MoM; Aluminium Conductor charts 23.5% growth
There is a sense of 'economic' cheer in the air, so to speak, after the February IIP stood at 2 per cent versus (-) 1.5 per cent in January. After spending three months in the negative territory, factory output finally rose on the back of a strong performance by mining and electricity sectors,...
Balco to resume aluminium rolled products business
Vedanta-controlled Bharat Aluminium Company Limited (Balco) would resume production in its sheet rolling shop (SRS) In a move that would facilitate the company's return to the aluminium rolled product business. Production in the shop was suspended in September last year following crises in the...
Vedanta seeks extension of aluminium SEZ
Aiming to ramp up capacity of the idle aluminium smelter lying within its product specific Special Economic Zone (SEZ), Vedanta has sought extension of the formal approval for the SEZ beyond May 22 this year. The Board of Approvals (BoA) under Union commerce and industry ministry will consider...
MCX Aluminium slides on subdued demand
Select base metals including aluminium weakened by INR 2 per kg in India's non-ferrous market (Multi Commodity Exchange) today following muted demand from the end user industries namely, transport, electricals, construction, packaging, and others. Following are today's metal rates (in INR per kg):...
