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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Govt of India may double aluminium import duty to 10%
The government of India is considering a move to double 5 per cent import duty on aluminium in a bid to salvage Rs 1.2 lakh crore of bank-financed capex investments by domestic players like Vedanta and Hindalco, and protect the 7.5 lakh jobs jeopardized by cheap imports that have captured well over...
Aluminium futures rise, fuelled by global cues
Aluminium prices were up 0.90 per cent to INR 95.35 per kg in futures trade today as participants strengthened their exposure, supported by an upward trend overseas. In addition, rising demand in the spot market influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in the...
GSI to assess bauxite deposits existing in Chhattisgarh’s Damchun block
The Geological Survey of India (GSI) will be making an assessment of bauxite ore deposits existing in Damchun block of Balrampur district in Chhattisgarh. Notably, Chhattisgarh accounted for 6.07 per cent of the total bauxite production in the country in 2013-14, as per the annual report of the...
Left-wing extremism halts India's hopes for bauxite project
India’s plans to develop the first bauxite reserves since the early 1980s has been threatened by a sudden rise in ultraleft-wing extremism opposing the project in the southern Indian province of Andhra Pradesh. Local government officials said armed ultraleft-wing extremists active across forested...
Aluminium futures fall on global cues
Aluminium prices fell 0.35 per cent to INR 99.60 per kg in futures trading today, tracking weak cues from global markets. Subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in November shed 35 paise, or 0.35 per...
Vedanta: Tom Albanese to continue as the group CEO
Vedanta has described recent media speculation about senior management changes as completely baseless. It says that Tom Albanese will continue to drive the Vedanta business and serve as the group CEO. Cynthia Carroll, who joined the group in September this year, will advise the chairman's office on...
CMDC to offer bauxite deposit at Narmadapur, India
The Chhattisgarh Mineral Development Corporation (CMDC) has started looking for contractors for mining and marketing of bauxite deposit at Village Narmadapur village at Mainpat in Surguja district of Chhattisgarh. Notably, CMDC had been sanctioned mining lease for mineral bauxite in village...
India aluminium scrap prices stay flat; MCX aluminium settles down
India major aluminium scrap commodities prices stayed flat on Thursday, October 16, while aluminium futures prices at India's Multi Commodity Exchange (MCX) settled down weighed by large stocks and a surge in Chinese exports this year. The major aluminium scrap commodities dropped on Scrap Register...
Aluminium use in automobiles reduces pollution: Nalco CMD
Growing application of aluminium in automobile industry has not only increased fuel efficiency but also reduced the vehicular pollution, said Nalco CMD T K Chand. "While the developed countries use on an average 140 kg of aluminium per vehicle, in India it is about 40 kg only. Nevertheless, by 2016...
Aluminium gains by 0.1% on spot demand
Aluminium prices were up by 0.15% to INR 101.60 per kg in futures trade on October 15 as speculators enlarged positions even as metal weakened overseas. At the Multi Commodity Exchange, aluminium for delivery in October rose 15 paise, or 0.15%, to INR 101.60 per kg, in a business turnover of 406...
Odisha wants Niyamgiri gram sabha polls again to revive bauxite mining
To revive the beleaguered Niyamgiri bauxite mining project in south Odisha, the state government has written to the Union ministry of environment and forests, proposing that gram sabhas in the area be again polled for approval. The mining plan was scrapped two years earlier, after all 12 gram...
Odisha government plans new clusters for downstream industries
While setting timelines for establishment of proposed industrial clusters, the Government of Odisha on Thursday, October 15, asked the Industries Department to identify areas along the Kalinganagar-Paradip Express Highway for downstream industries. Chief Secretary GC Pati, who reviewed the progress...
Sharp fall in revenues awaits Indian aluminium companies in Sept quarter
The partial write-back of the provision made for the District Mineral Fund and increase in volumes are expected to save the day for Indian non-ferrous metal companies in the second quarter of this fiscal. However, both ferrous and non-ferrous companies are expected to report a sharp fall in revenue...
Nalco's foray into nuclear energy hits legal roadblock
National Aluminium Company (Nalco)'s plan to foray into nuclear energy generation has hit a legal roadblock. Though the aluminium major proposed to set up a Rs 12,000 crore nuclear energy plant in joint venture with Nuclear Power Corporation of India Ltd (NPCIL), it is unable to go ahead with the...
Aluminium futures soften 0.43% on muted demand, global cues
Aluminium prices were down 0.43 per cent to INR 103.15 per kg in futures trade today as speculators indulged in reducing exposure, triggered by sluggish demand from consuming industries at the spot market. A weak trend overseas also weighed on aluminium futures. At the Multi Commodity Exchange,...
Use of RVM will increase percentage of recycled aluminium packaging in India, says Can-Pack MD
In the recently ended World Packaging Congress in Mumbai, Marek Kura, managing director of Can-Pack, said the use of RVM i.e. Reverse Vending Machine, currently used by many countries for recycling of metal cans, is yet to take off in India. Can-Pack India is the country’s leading aluminium...
Aluminium futures rise, fuelled by global cues
Aluminium prices went up 0.73 per cent to INR 103.50 per kg in futures trade today as participants strengthened their positions, supported by an upward trend overseas. In addition, strong demand in the spot market also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery...
Vedanta shares rise on strong production figures in Q3 2015
Shares of mining major Vedanta zoomed over 11 per cent after it reported strong zinc, silver and aluminium production in the September quarter. The company also reported lower production costs in zinc and aluminium. The company's alumina output increased at its Lanjigarh plant, up 20 per cent...
