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
Uncertainty looms over Anrak Aluminium's INR 7,000 cr alumina refinery
A big question mark hangs over the future of Anrak Aluminium's Rachapalli alumina refinery located in Makavarapalem Mandal, about 90-km from Vishkhakhapatnam. With the Andhra Pradesh Government announcing the cancellation of the bauxite supply agreement that it had with Anrak Aluminium Limited, the...
Aluminium up by 0.6% on international cues
Taking positive cues from global market and strong demand at domestic spot markets, edged higher by 0.60% to Rs 100.30 per kg in futures trade today as participants increased their bets. Marketmen said apart from increased domestic demand, a firming global trend as the US economy expanded faster...
MCX aluminium up by 0.6% on global cues
Taking positive cues from global market and strong demand at domestic spot markets, aluminium prices edged higher by 0.60% to INR 100.30 per kg in futures trade today as participants increased their bets. Marketmen said apart from increased domestic demand, a firming global trend as the US economy...
Andhra Govt scraps GO 222; Mining Dept awaits rules for bauxite extraction
N. Chandrababu Naidu, Chief Minister, Andhra Pradesh announced Tuesday that the GO 222, issued during the Congress rule for supply of bauxite ore to Anrak Aluminium would remain scrapped. During 2007, when the late Y.S Rajasekhara Reddy was in power, an agreement was signed between Anrak Aluminium...
Aluminium futures weaken on global cues
Aluminium prices were down 0.50 per cent to INR 99.95 per kg in futures trade today as participants trimmed exposure amid weak global cues and sluggish demand in the domestic spot markets. At the Multi Commodity Exchange, aluminium for delivery in current month eased by 50 paise, or 0.50 per cent,...
Anti-dumping probe in aluminium foil imports from China
India has started an anti-dumping probe into imports of aluminium foil, widely used by food and pharmaceutical firms, from China to protect domestic producers from cheap imports. Hindalco Industries, Raviraj Foils and Jindal India have approached the Directorate General of Anti-Dumping and Allied...
Decision to allow bauxite mining after public debate: CM, Andhra Pradesh
Asserting that his government would not go against the interests of tribals, Andhra Pradesh Chief Minister N Chandrababu Naidu today said a decision on allowing bauxite mining in Visakhapatnam region would be taken after a thorough public debate. Speaking on the issue in Legislative Assembly, he...
India aluminium industry pitches for reducing taxes on raw materials
Indian aluminium industry, that has been facing tough times on account of cheap imports and softening of prices, is now pushing for reducing the duty on raw materials in a bid to cut production costs. The industry says India has an inverted duty structure with 5 per cent import duty on alumina as...
Bee Chems introduces activated alumina purifier for contaminated water
The rise in pollution levels has contaminated the environment with harmful elements. Important elements like air and water, which are essential for sustenance of life on Earth, have become harmful for consumption, leading to measures being taken to purify them. To help individuals in this task, Bee...
Aluminium counts on duty hike by Indian Finance Ministry
Ministry of Finance (India) is likely to relent to the demand of aluminium manufacturers to raise import duty to thwart cheap imports. The North Block is likely to increase the import duty on aluminium to 7.5-10 per cent from 5 per cent in the next budget. Officials said they had been concentrating...
Import duty hike for Indian aluminium sector unlikely this year
The possibility of increase in import duty on aluminium by 2.5 per cent this year is "very bleak" despite the Mines Ministry pushing the case. "Although Mines Ministry has written to Finance Ministry to raise import duty by 2.5 per cent, the chances of this happening in 2015 are very bleak," a...
Indian aluminium makers push for change in duty structure
Aluminium makers in India, including Vedanta, are pitching for a correction of the prevailing inverted duty structure, under which taxes on the raw materials are higher than on the finished products, by reducing the import duty on inputs to 2.5% from 5-7.5% now and raising customs duty on the metal...
Aluminium falls by 0.6% on global cues
Aluminium prices fell by 0.59% to INR 100.50 per kg in futures trading today, tracking a weak trend in global markets. Furthermore, muted demand in the domestic spot markets weighed on the metal prices. At the Multi Commodity Exchange, Mumbai, aluminium for delivery in January month eased by 60...
Government allocates Pottangi mines to Nalco, shares gain over 1%
Pottangi mines located in Odhisa has been allocated to state-run aluminium producer Nalco for manufacturing one MTPA alumina refinery by 2020. This was informed by Vishnu Deo Sai, Minister of State for Steel and Mines. The alumina refinery (stream-5) will come up at Damanjodi, Koraput district in...
‘No ambiguity on bauxite mining issue,’ says Tribal Welfare Minister, AP
Minister for Tribal Welfare, Social Welfare and Empowerment Ravela Kishore Babu on Sunday hit out at the opposition party leader for criticising the State government’s stand on bauxite mining and claimed that the government would not do anything against the wishes of the tribal people in the...
Pennar Aluminium Company Ltd announces change in Directorate
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Mr. Andi Srinivas has been appointed as an Non-Executive Director (Additional Director) of Pennar Aluminium Company Ltd with effect from December 12, 2015....
Gulfex unveils key solutions at Zak Aluminium Extrusions Expo 2015 in India
UAE-based Gulf Extrusions, a leading global manufacturer of extruded aluminium products, showcased its key solutions at the Zak Aluminium Extrusions Expo 2015, one of India's leading aluminium extrusions trade fairs. A member of Metal Industries -Al Ghurair Group, the company exhibited an...
A slow commodity market drives Ess Dee Aluminium stocks down 1.69%
The stock of Ess Dee Aluminium Limited is trending downward. The stock decreased 1.69% or INR 4.75 on December 10, hitting INR 276. Ess Dee Aluminium Limited has risen 2.39% since May 13, 2015 and is uptrending. It has outperformed by 4.32% the S&P500. The move comes after 7 months negative chart...
