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
NALCO to invest $100 mln in renewable energy
Another government-owned aluminium producer in India has announced grand plans to increase investment in the renewable energy sector. Following a government push to increase investment in renewable energy and meet renewable energy procurement targets, the National Aluminium Company Limited (NALCO)...
Aluminium body frames to replace fibre bodies of buses in Pune, India
Deemed a major security hazard, transport body in Pune is now replacing fibre parts with aluminium or other metal. After a spate of recent road accidents, Pune Mahanagar Parivahan Mandal Limited (PMPML) has now taken up commuters' safety on a priority basis and started removing seats and other...
Boguchansk smelter news from Rusal lifts Indian aluminium scrap, MCX aluminium
India major aluminium scrap commodities prices advanced on Wednesday in line with aluminium futures prices at Multi Commodity Exchange as the world's biggest aluminium producer Rusal said on Wednesday it planned to start its Boguchansk smelter in the first half of the year, but also said output...
India Ratings and Research revises outlook for aluminium to negative in FY17
Weak demand, import pressure and declining prices are impacting the non-ferrous metals market, India Ratings and Research (Ind-Ra) said adding the outlook for such metals is negative for the next fiscal. Ind-Ra has revised the outlook on the non-ferrous metals sector to negative for 2016-17, from...
Stuck deals to get ‘million-dollar’ push with tweaked mining law
India will see billions of dollars moving into deals stuck in the power, cement and steel sectors, as the Cabinet on Thursday approved the amendments to the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act, 1957). This will pave the way for transfer of captive mining leases not...
Niyamgiri bauxite mining logjam continues
Peeved over the Odisha government’s fresh bid to go for bauxite mining in Niyamgiri hills despite rejection by the Gram Sabhas, the Niyamgiri Suraksha Sangram Samiti has threatened to launch a big stir. Tribals of Niyamgiri on Tuesday sought the intervention of Governor SC Jamir to stop the State...
Pennar Aluminium approves appointment of Additional Directors
Mr. Andi Rajender has been appointed as an Non-Executive Director (Additional Director) of Pennar Aluminium Company Ltd with effect from February 20, 2016. The Board has approved the same by passing a Board Resolution. Shares of PENNAR ALUMINIUM CO.LTD. was last trading in BSE at INR 0.37 as...
CMDC to offer licence for mining bauxite in Barima block
The Chhattisgarh Mineral Development Corporation (CMDC) would soon be offering license for mining and marketing of bauxite mineral from its Barima block in Sitapur district of Surguja district. Open-cast mechanized mining method with drilling and blasting is proposed for the project, officials...
MCX aluminium outlook: Aluminium futures contract rises to INR 111.3 in Feb
Aluminium price has recovered strongly from its six-year low. The aluminium spot price on the London Metal Exchange (LME) fell to a six-year low of $1,423 per tonne in November 2015. The metal price has surged about 13 per cent from this low to the current levels of $1,604 per tonne. The strong...
India aluminium scrap prices remain stable; MCX aluminium inches up
India major aluminium scrap commodities prices remained flat on Monday, while aluminium futures prices at Multi Commodity Exchange settled slightly higher driven by expectations for demand recovery in Chinese aluminum market. The major aluminium scrap commodities dropped on Scrap Register Price...
SC begins hearing on Odisha's Niyamgiri bauxite mining
The Supreme Court of India has renewed the hearing of the case relating to bauxite mining over the ecologically vulnerable Niyamgiri hills in Odisha, a project that has been facing several obstacles ever since tribals nixed it in 2013 at the gram sabhas. A two-member bench of the apex court...
Indian aluminium industry to seek revival of ADPC
Aluminium Association of India (AAI) will approach the Ministry of Mines for the revival of Aluminum Development and Promotion Council, its newly elected President Tapan Kumar Chand has said. "We are in an important phase of growth for the sector. We will emphasize on development of downstream...
Hindalco jumps 15.44% in three sessions
Hindalco Industries jumped 5.95% to INR 79.25 at 15:15 IST on BSE, with the stock extending recent gains after the finance minister in Union Budget 2016-17 hiked customs duty on primary aluminium and other aluminium products to check rising imports. Meanwhile, the BSE Sensex was up 335.16 points,...
World aluminium production declines in January 2016
LME Aluminium prices averaged at $ 1535 per tonne by the end of February 2016, up 3.7 per cent from month ending January 2016. The release of the Union Budget in India at the end of February brought a hike in the custom duty to support the ailing industry. Considering the plea from the Aluminium...
Indian aluminium scrap, MCX aluminium prices rise in line with LME aluminium
India major aluminium scrap commodities prices gained on Tuesday, 1st March, while aluminium futures prices at Multi Commodity Exchange settled higher as profit booking seen after prices of LME Aluminium hit a 4-1/2 month high on Monday after top metals consumer China cut its reserve ratio for...
Hike in aluminium import duty not benefitting Indian cos: Agarwal
India government's move to protect domestic aluminium producers by raising import duty on the metal has been neutralised by doubling of cess on coal, mining baron Anil Agarwal said today. Budget 2016-17 raised customs duty on primary aluminum to 7.5 per cent from 5 per cent, while the levy on other...
Indian aluminium producers to raise product prices soon
With the government proposing to hike the customs duty on primary aluminium products, Indian aluminium majors like Aditya Birla Group company Hindalco Industries, state-owned National Aluminium Company (Nalco) and Anil Agarwal-led Vedanta are planning to raise product prices in coming months....
Odisha govt challenges Supreme Court’s judgement in Vedanta bauxite mine case
Government of Odisha has filed an interlocutory application before the apex court challenging the landmark Supreme Court judgement in the Vedanta bauxite mine case. The Court in its judgement had upheld the statutory powers of the tribal village councils under the Forest Rights Act and the...
