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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Rockman Industries targets INR 5,000 crore turnover by 2020
Rockman Industries, a Hero Group company, and one of the largest suppliers of aluminium die casting, two-wheeler alloy wheels and chain in India, has targeted a turnover of INR 5,000 crore by 2020. According to company officials, revenue grew by 20 percent YoY during FY 2014-15 when its turnover...
IBAAS 2016 to unfold “Aluminium Industry- The Evolving Asia-Pacific Story”
The International Bauxite, Alumina & Aluminium Society has announced that the fifth IBAAS International symposium (IBAAS-2016) will be held in Goa, India during September 26 - 28, 2016. The theme of the IBAAS-2016 symposium is “Aluminium Industry- The Evolving Asia-Pacific Story”. The first day of...
I cannot stop all imports, says Nirmala Sitharaman; Indian aluminium producers get the message
Even as the clamour against increasing imports from countries like China has been growing louder, commerce and industry minister Nirmala Sitharaman said last week that the onus was on the industry to deal with rising imports of several essential items. “I cannot stop all imports... but India’s...
Odisha's bauxite reserves to attract more than INR 30,000 cr in next few years
It may be early yet, but there seems to be signs of revival in big ticket investment in Odisha's aluminium sector. If recent announcements are anything to go by, the state, home to more than half of India's bauxite reserves, is poised to attract investment worth well over INR 30,000 crore in the...
India aluminium scrap prices remain flat; MCX aluminium settles slightly up
India major aluminium scrap commodities prices remained flat on Friday last week, while aluminium futures prices at Multi Commodity Exchange (MCX) settled slightly higher boosted by the expectations of dovish comments from a senior U.S. Federal Reserve official but gains were limited by the...
Aluminium futures at MCX up 0.78% on rising demand, global cues
Aluminium remained firm and prices gained 0.78 per cent to INR 103.40 per kg in futures trading today as speculators enlarged their positions, tracking a firm trend at spot market on surging demand. At the Multi Commodity Exchange, aluminium for delivery in February month traded higher by 80 paise...
Make in India: Vedanta proposes aluminium park in Odisha
To give a fillip to 'Make In India' campaign, diversified metals & mining major Vedanta Resources Ltd has proposed to set up a state-of-the-art aluminium park close to the site of its aluminium SEZ (special economic zone) at Jharsuguda. This state-of-the-art plug-and-produce aluminium park will be...
Nalco to invest INR 20,550 cr for expansion of alumina refinery
Odisha-based Navratna PSE Nalco has announced investment of INR 20,550 crore for expansion of its alumina refinery at Damanjodi and setting up an aluminium park at Angul in the state. "Since the entire value chain of Nalco, starting from bauxite mining to aluminium making is based in Odisha, our...
Nalco registers INR 133 crore profit in Q3 2015
The National Aluminium Company Limited (Nalco) has achieved a net profit of INR 133 crore in the third quarter that ended on December 2015 despite global slowdown in the aluminium sector, a release issued by the Navratna company on Friday stated. The aluminium major has achieved a net profit of INR...
L&T may get nod from Odisha to set up 3 mtpa aluminium plant
Engineering major Larsen and Toubro (L&T) said it is likely to get the final clearance from the Odisha government for setting up a 3 million tonnes per annum (mtpa) aluminium plant in Rayagada district in the next 2-3 months. The company is planning to set up a 3 mtpa green field integrated...
Aluminium rises by 0.4% on rising demand
Aluminium prices were up by 0.39% to INR 103.20 per kg in futures trade as traders enlarged positions, driven by pick up in demand at the spot market amid firm global trend. At the Multi Commodity Exchange, aluminium for delivery in March month moved up by 40 paise, or 0.39% to INR 103.20 per kg in...
National Aluminium Q3 net profit at INR 133.5 crore
National Aluminium Company Ltd posted a net profit of INR 1334.90 mn for the quarter ended December 31, 2015 as compared to INR 3544.70 mn for the quarter ended December 31, 2014. Total Income has decreased from INR 20576.10 mn for the quarter ended December 31, 2014 to INR 17592.80 million for the...
MCX aluminium up by 0.1% on spot demand
Aluminium prices were up by 0.10 per cent to INR 101.30 per kg in futures trading as traders created fresh positions after pick up in demand at the spot market. At Multi Commodity Exchange, aluminium for delivery in February inched up by 10 paise, or 0.10%, to INR 101.30 per kg, in a business...
Indian govt actively considering aluminium industry's wish to raise import duty
Government of India finally seems to be waking up to the crisis situation which domestic aluminium industry is going through. Union Minister for Steel and Mines, Narendra Singh Tomar said, "Dumping by China is a big reason. They are selling for lower than their production cost. It may be their...
Nalco Chairman TK Chand suggests use of aluminium for building smart cities
National Aluminium Company (Nalco) Chairman and Managing Director Tapan Kumar Chand in his book ‘Aluminium: the strategic metal’ has called for extensive use of the light metal for building smart cities in India. Mr. Chand recently presented a copy of his newly published book to Prime Minister...
Indian govt should take measures to curb Chinese aluminium imports: MD, Hindalco Industies
Debnarayan Bhattacharya, managing director at Aditya Birla Group company Hindalco Industries, sounded genuinely concerned about Indian government's role in reducing the worries of the domestic aluminium industry players who are badly hit by Chinese imports and aluminium price freefall. In a recent...
4th Iran International Aluminium Conference and Exhibition ropes in global sponsors
As one of the important Aluminium producers in the Persian Gulf region and pioneer in this industry, Iran is considered a strategic point for production. With this goal in mind, The 4th Iran International Aluminium Conference and Exhibition will be a turning point in upgrading Aluminium knowledge....
MCX aluminium up by 0.5% on global cues
Aluminium prices inched up by 0.54 per cent to INR 103.10 per kg in the futures trade today as participants built up fresh positions, tracking a firm trend overseas. Furthermore, strong demand in the spot markets supported the upside. At the Multi Commodity Exchange, aluminium for delivery in...
