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...
Grow with
AL Circle
Aditya Aluminium commissions 360th Potline
Aditya Birla Group’s Odisha based Aditya Aluminium at Lapanga in Sambalpur district has announced having achieved its full capacity utilisation. Start up of the 360th Pot of Potline was done on Friday, thereby completing the commissioning phase, a company statement said on Saturday. Aditya...
Nalco zeros in on Oman, Iran, Qatar for $2bn smelter unit
India's state-owned aluminium producer National Aluminium Co (Nalco) has zeroed in on three locations in the Arabian Gulf - Iran, Oman and Qatar - to set up a nearly US$2bn smelter unit. Iran is the frontrunner to host the new facility. Nalco has been on the look out for a location abroad to build...
India’s aluminium demand to rise to 20 mt, says Vedanta Chief
The total consumption of aluminium in India is going to experience a major leap in the foreseeable future reaching 20 million tonnes (mt) from the present 2mt, claims Vedanta Resources Chairman Anil Agarwal. According to Mr. Agarwal, “It (India’s aluminium consumption) is going to be 20 mt. Large...
China alumina import rises 23% and export 83% YoY during Jan-Feb 2016
Alumina import to China rose 13 per cent year-on-year in February 2016 and 23.12 per cent year-on-year during January - February 2016, revealed data released by the General Administration of Customs, China on March 21. Total alumina imported in February stood at 372,375 million tonnes, while it...
Jaya Hind Montupet opens new INR 200 cr plant in Dewas
Jaya Hind Montupet, a joint venture of Jaya Hind Industries (a subsidiary of Force Motors) and Montupet France, inaugurated its ultra-modern gravity die casting foundry at Dewas, near Indore in Madhya Pradesh. While the Pune-based Jaya Hind Industries is engaged in aluminium die casting, Montupet...
India Aluminium futures weaken on global cues
Aluminium prices were down 0.10 per cent to INR 101.95 per kg in futures trade as investors reduced exposure amid weak global cues. Besides, sluggish demand in the domestic spot markets weighed on the metal's prices. At the Multi Commodity Exchange, aluminium for delivery in April eased 0.10 per...
China’s bauxite imports surged 52.4% YoY during Jan-Feb 2016
China, the largest aluminium consuming country in the world, imported 8,524,531 mt of bauxite during January to February, marking a whopping 52.4 per cent increase from the corresponding period previous year. In February alone, the country imported 3,221,722 mt of bauxite, an increase of 7.11 per...
Odisha clears INR 47,569 cr investments; to include power and downstream aluminium projects
In a bid to re-position itself as an investor friendly state, Odisha approved investment proposals worth INR 47,569.41 crore. The nod was given to 35 proposals spanning a cross section of industries including power, aluminium, food processing, healthcare, and logistics. The projects approved...
Aluminium Hydroxide/Alumina Hydrate Customs values on import revised
Directorate General of Customs Valuation Karachi has revised customs values on the import of Aluminium Hydroxide/Alumina Hydrate from India, China, Korea, India, USA, EU and Japan for assessment of duty/taxes. The directorate has superseded Valuation Ruling No 233/2010, dated 09-03-2010 through a...
Odisha bauxite mines allocation to L&T gets delayed
Engineering conglomerate L&T's bid to bag the prized Kutrumali and Sijimali bauxite deposits has hit the wall of delay. Although the Odisha government had recommended the twin bauxite deposits in favour of L&T, the central mines ministry has questioned the delay in grant of mineral concession to...
Aluminium futures firm up on global trend
Aluminium futures traded higher at INR100.20 per kg, largely in tandem with a firming trend in base metals at the London Metal Exchange (LME). Besides, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, aluminium for delivery this month rose 15 paise...
India mines ministry gives its nod to increase Odisha’s bauxite mining lease area
The Ministry of Mines (India) has given its consent to increase the lease area for mining of the mineral from 10 sq. km to 50 sq. km. in the state of Odisha. This is expected to bring economies of scale and increase production of bauxite in the country. Deepak Kumar Mohanty, director of mines,...
Spot demand, global cues lift aluminium futures by 0.59%
Aluminium prices edged up 0.59 per cent to INR 101.90 per kg in futures trade today as participants enlarged positions, supported by strong demand in the spot markets amidst a positive trend in the base metals pack at the London Metal Exchange (LME). Aluminium for delivery in current month edged...
AP Govt cancels land allotment to AnRAK for sourcing bauxite
In a significant development, the State Government of Andhra Pradesh is understood to have cancelled the allotment of land to AnRAK Aluminium Limited in the Visakhapatnam Agency. The land was peviously alloted to AnRAK Aluminium for sourcing bauxite for its proposed alumina refinery. The then...
Ban on use of plastic in Bengaluru may spike demand for aluminium foils
Karnataka's newly-imposed ban on the wide-scale use of plastic is set to change the way the food industry works in the state. On March 11, the government notified the ban and said it comes into force with immediate effect. With this, the manufacture and use of plastic carry bags, cups, spoons and...
Govt of India colour-codes industries: aluminium extraction from scrap- orange, aluminium utensils- green
Government of India has come up with a list of industries that would now be classified as red, orange or green, and the different rules that they would be subjected to. This decision pertaining to a new colour-coded categorisation of industries based on a particular industry's pollution potential...
GoI to auction 42 blocks in Phase II including one bauxite in Maharashtra
The Government of India will be auctioning a total of forty three blocks in the second phase of mineral auctions during 2016-17. These blocks have been identified by seven state governments for auction under the Mines & Minerals Development & Regulation (Amendment) Act, 2015. The forty two blocks...
Vedanta's Aluminium & Power business in Jharsuguda observes 45th National Safety Week
Vedanta Limited, India’s only diversified natural resources company continues its effort to promote and inculcate safety consciousness among the plant personnel. The company observed the 45th National Safety week from 4th - 14th Mar’ 2016 at its Jharsuguda operations. The theme of this year was...
