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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India starts probe into dumping of Chinese aluminium radiators
India has initiated a probe into alleged dumping of aluminium radiators by China in the domestic market. The move is aimed at protecting domestic players in the sector against cheap imports. The Directorate General of Anti-Dumping and Allied Duties (DGAD), an arm of the Commerce Ministry, has begun...
Aluminium stands out among metals over Malaysian ecologiocal concerns and Alcoa
Aluminium prices are unlikely to face the sort of erosion that has hit other base metals. Experts said prices are unlikely to drop below INR 93 per kg, having recovered to Rs 98.55 on Wednesday for January contracts after declining to INR 97.60 on January 7 on MCX from INR 99.90 on December 31,...
Aluminium moves up on pick up in demand
Alminium prices rose by INR 2 per kg at the non-ferrous metals market in India on Saturday ast week due to pick up in demand from consuming industries amid a firm global trend. Traders apart from pick up in demand from consuming industries, reports of a firm global trend mainly led to the rise in...
Ess Dee Aluminium shares dip as rating agency downgrades debt
Ess Dee Aluminium has dipped 16% to INR 216 on the BSE after rating agency CARE downgraded the company’s debt. “CARE has revised rating assigned to bank facilities of Ess Dee Aluminium. The ratings for fund-based long term bank facilities worth INR 180 crore and long term non-convertible debentures...
Alcoa to close its 269,000 metric ton Warrick smelter in Indiana
Lightweight metals leader Alcoa today announced it will permanently close its 269,000 metric ton Warrick Operations aluminium smelter in Evansville, Indiana by the end of the first quarter 2016. The rolling mill and power plant at Warrick Operations will continue to operate. Once the actions...
Nalco will get Pottangi Bauxite reserve: Tomar
Commending Indian aluminium major Nalco for its impressive performance despite economic slowdown and sluggish market, Union Steel and Mines Minister Narendra Singh Tomar today said the Navaratna PSU will soon get the Pottangi Bauxite reserve. "Nalco has already got Utkal D and E coal blocks and the...
Vedanta appoints Samir Cairae as India metals business CEO
Vedanta Resources plc's subsidiary Vedanta Limited has appointed Mr. Samir Cairae as Chief Executive Officer (CEO) of Diversified Metals (India). He will report to Mr. Tom Albanese, CEO, Vedanta Resources Plc and will be a member of Vedanta Executive Committee team. "We are delighted to have Samir...
India aluminium scrap prices remain stable; aluminium futures settle below INR 100/kg
India major aluminium scrap commodities prices remained stable on Tuesday, while aluminium futures prices at India's Multi Commodity Exchange settled lower as sentiment remained shaky over top consumer China's economy following slowing factory growth figures for December. The major aluminium scrap...
An analyst's take on what Indian aluminium sector will look like in 2016
The global commodity free fall and aluminium price slump played havoc with Indian metal companies in 2015, pushing many to the brink of operational losses and capacity shutdowns. The new year will be crucial to see which way the prices move. Metal manufacturers including those comprising the...
Aluminium futures slide on weak demand; global cues
Aluminium futures eased by 0.20 per cent to INR 99.95 per kg on the first session of the 2016 today as speculators reduced positions amid weak demand at spot market and weakness in base metals overseas. At the Multi Commodity Exchange, aluminium for delivery in January traded lower by 20 paise, or...
Margins set to improve for auto component makers in 2016
Auto component makers including aluminium and aluminium alloy based die-cast component manufacturers may finally turn in a decent performance in the year to March. A few quarters ago, the industry was worried, given the prolonged auto slowdown in global markets, especially Europe and the US, and...
Balco unions seek PM's intervention to bail out local players
Already hit by more than 1,000 job cuts at Vedanta Group company Balco's Chhattisgarh unit, the company's trade unions have approached Prime Minister Narendra Modi to help bail out local aluminium makers from cheaper imports from China. After Balco shut its rolling mill in Chhattisgarh leading to...
Aluminium futures weaken on global cues
Aluminium prices fell 0.55 per cent to INR 100 per kg in futures trade today after traders reduced their exposure amid weak global cues. Besides, sluggish demand in the domestic spot market weighed. At Multi Commodity Exchange, aluminium for delivery this month eased 55 paise, or 0.55 per cent, to...
i3MS software to help track India's mining operations across value chain
i3MS software is a technology breakthrough developed to track end-to-end mineral transaction including the quantum of minerals produced, transported and received by different industries. In a recent press meet held to update industry people on Odisha's revenue generation from mining sector,...
Aluminium intensive Range Rover Evoque Convertible to debut at 2016 Auto Expo
Tata-owned British carmaker, Jaguar Land Rover (JLR), will showcase its Range Rover Evoque Convertible premium compact SUV at the upcoming 2016 Delhi Auto Expo. The car is expected to go on sale in India by the end of next year with its international launch date set for some time in spring 2016....
Odisha govt to auction more bauxite mines in 2016
Odisha's economy has experienced a setback following revenue cuts by the Central government. This has affected, in turn, revenue generation from the state's mining sector. Even though revenues from iron ore and bauxite mining in India's mineral-rich coastal state increased during 2015-16 fiscal...
Aluminium futures weaken on overseas cues, shed 0.10 per cent
Aluminium prices were down 0.10 per cent to INR 100.70 per kg in futures trade today as investors cut down their bets amid weak Asian cues and sluggish demand in the domestic spot market. In futures trading at the Multi Commodity Exchange, aluminium for delivery in the current month eased by 10...
Andhra govt plans special incentives for Rexam's aluminium beverage can plant
The Andhra Pradesh government has decided to provide some special incentives to Rexam HTW Beverage Can (India) Private Limited. The company will set up a new aluminium beverage can manufacturing plant in Sri City in Chittoor district with an investment of INR 588.88 crore. The proposed can plant,...
