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
Mumtalakat's aluminium plans not price-driven, opine experts
Recent developments within Bahrain's aluminium sector, spurred by investment from sovereign wealth fund Mumtalakat, are not in response to global commodity prices, observed industry experts keeping a tab on GCC aluminium developments. Mumtalakat confirmed in November that it has entered a 49% joint...
Aluminium inches up 0.40% on spot demand
Aluminium prices edged up 0.40 per cent to INR 100.75 per kg in futures trade today as participants enlarged positions,supported by strong demand in the spot markets. However, a weak trend in the base metals pack at the London Metal Exchange (LME) capped the gains. Aluminium for delivery in January...
Nalco appoints five independent directors
The state-owned aluminium maker national aluminium Company (Nalco) on Friday, last week, named five independent directors on its board. "Part-time non-official (independent) directors have been appointed on the board of the company with effect from November 21, 2015, vide order dated November 17,...
Nalco teams up with Gujarat Alkalies for a caustic soda plant at Dahej
Aluminium major National Aluminium Corporation (Nalco) on Tuesday launched a joint venture with Gujarat Alkalies and Chemicals Limited (GACL) to set up a caustic soda plant at an investment of Rs 1,800 crore, an official source said. The two firms will come together to set up a caustic soda plant...
Amtek Auto's bloated debt adds to the investors' list of concerns
Amtek Auto group is under stress and its latest earnings - a consolidated loss of INR 987 crore for the year ended 30 September (for the first time since 2004), against a net profit of INR 848.21 crore the previous year - aren’t good news for the lenders. Amtek Auto follows the October-September...
"A nation must exploit its natural resources in order to grow," Vedanta Chairman Anil Agarwal
Anil Agarwal, the founder and Chairman of Vedanta Resources Plc., in a freewheeling discussion on India's industrial development and inclusive growth process, said in his signature unabashed style, “It is vital for a nation to develop its natural resources. If a nation is to develop above the...
Odisha govt to put only two mines for auction
The Odisha government would put only two mines for auction in the first phase even as it had identified 12 blocks for open bidding in the state. "Two mines like Ghoraburahani-Sagasahi East Iron Ore Block and Jhunka-Patriposi block, will be put for auction in the first phase," state steel and mines...
Hike aluminium import duty to 7.5%: Indian Mines Ministry
The Mines Ministry of India has asked the Finance Ministry to hike import duty on aluminium to 7.5 per cent to protect domestic industry from cheaper metal imports from countries like China. The import duty on aluminium at present is 5 per cent. "The Mines Ministry has written to the Finance...
India's mineral-rich states to auction up to 70 mines this fiscal
Nine mineral-rich states in India are expected to auction up to 70 mines to private firms for captive use this fiscal, mines secretary Balvinder Kumar said on Thursday. Of these, the auction process for 28 mines has started in five states, he said at a CII conference. Kumar also said that the...
Ess Dee Aluminium rises as Macquarie Emerging Markets fund buys bulk shares
Shares of Ess Dee Aluminium, the manufacturer of aluminium foil for packaging purpose, rose 2.12% to INR 312.70 at 12:15 IST on BSE after Macquarie Emerging Markets Asian Trading Pte bought 1.73 lakh shares at INR 306 per share from Standard Chartered Bank (Mauritius) in a bulk deal on the NSE...
Aluminium strengthens on global cues
Aluminium prices firmed up by INR 2 per kg at the non-ferrous metal market today, tracking a firm trend overseas. Traders said increased demand from consuming industries and a firming trend in metal at the London Metal Exchange supported the upside in aluminium prices. Meanwhile, aluminium for...
Nalco to step up local procurement in Odisha
National Aluminium Company (Nalco), the country's largest state run aluminium producer is drawing up a focussed policy to step up its share of procurement from local businesses in its home state of Odisha. "We are already procuring goods and services worth INR 400 crore from MSMEs every year. Now,...
Aluminium up by 0.4% as spot demand hardens
Aluminium prices edged up by 0.36% to INR 97.35 per kg in futures trade today as participants enlarged positions amid a firming trend overseas. Besides, strong demand in spot markets influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in December inched up 35 paise, or...
Nalco trades higher on the bourses
National Aluminium Company (Nalco) is currently trading at INR 40.60, up by 0.80 points or 2.01% from its previous closing of INR 39.80 on the BSE. The scrip opened at INR 39.80 and has touched a high and low of INR 40.70 and INR 39.50 respectively. So far 171445 shares were traded on the counter....
Varron group inaugurates aluminium alloy manufacturing plant in Nagpur
Shrikaant Sawaiika promoted Varron group recently inaugurated the first phase of its aluminium and other base metal alloy plant in Nagpur, India. Nitin Gadkari, Minister of Road Transport, Highways & Shipping, did the honours in the presence of group Chairman and Managing Director, Shrikaant...
MCX aluminium futures rise 1.97% on global cues
Aluminium prices on Mumbai's Multi Commodity Exchange (MCX) gained 1.97 per cent to INR 98.30 per kg in futures trade as speculators enlarged positions amid positive cues from global markets. Besides, increased demand at domestic spot markets influenced prices. At MCX, aluminium for delivery in...
CM Naidu releases white paper on bauxite mining in Visakha Agency
Andhra Pradesh Chief Minister Chandrababu Naidu’s remarks after releasing a white paper on bauxite mining in the Visakha Agency areas on Tuesday leave room for the Government to go ahead with its GO No. 97 which facilitates bauxite mining in the Jerrela area. Without acknowledging the protests by...
Andhra Pradesh CM pushes for mining of bauxite
In what appears to be a renewed attempt to revive the controversial bauxite-mining in the Agency area of Visakhapatnam district, chief minister Chandrababu Naidu on Tuesday said the mineral should be utilised to better the lives of lakhs of underprivileged people and propel growth of the residuary...
