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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Odisha government lists bauxite reserve for auction
The Government of Odisha has included one bauxite reserve (Ballada in Koraput district) among the list of 12 mines to be auctioned in the first phase. Earlier, the state government enlisted only iron ore, manganese and limestone mines for auction. The move assumes significance as Vedanta Limited...
PGCIL incorporates Grids Conductors to make aluminium and aluminium alloy conductors
State-run transmission utility Power Grid Corporation of India (PGCIL) has incorporated a wholly owned subsidiary company named Grid Conductors to manufacture aluminium and aluminium alloy electricity conductors at an estimated cost of INR 127.35 crore on 15 September, 2015. PGCIL owns and operates...
Vedanta releases production updates for Q2 and H1 ended 30 Sept 2015
Vedanta Resources Plc., the diversified metals and minerals conglomerate, announced its production results for the second quarter and half year ended 30 September 2015 on Friday, October 10. The company reported stable volumes from the existing smelters; updated on cost reduction initiatives that...
Utkal Alumina's Project Saksham: Empowering women in a meaningful way
Utkal Alumina International Limited (UAIL), a unit of Aditya Birla Group, has launched Project Saksham, an advanced training-cum-garment manufacturing unit, at Tikiri in Rayagada district, to help unemployed rural women eke out a sustainable livelihood and become self-reliant. Commenced in February...
List of bauxite mines on auction pruned by Indian government
The list of aluminium ore mines to be auctioned has been pruned. The revised list contains much lesser number of bauxite mines than what was decided earlier. It is quite a setback for the Indian aluminium industry. Against the plan to auction about 90 major mineral mines in 2015-16, the mines...
India primary aluminium output to hit 2.5 mt in FY2015-16
India’s primary aluminium output will hit 2.5 million tonnes in fiscal 2015-2016, observed Nalco’s managing director T K Chand. India’s demand for the light metal grew significantly in 2014 due to increasing investment by the central government in power transmission, a trend that is likely to...
CARE cuts rating for Hindalco debentures
Credit Analysis and Research Ltd. (CARE), one of the world's premiere credit rating agencies, has revised its grade for Hindalco Industries' non-convertible debentures from 'AA+' to 'AA' on continued moderation in profitability and debt protection parameters. The debt amount involved is INR 6,000...
MAN Industries' shares surge on bagging orders worth INR 700 crore
MAN Industries shares surged over 7 per cent in the morning trade on September 8, Thursday, after the company informed Bombay Stock exchange (BSE) on Wednesday post market hours that it has received orders worth approximately INR 700 crore from international and domestic customers for supply of...
Chinese National Day holiday hits India aluminium scrap, MCX aluminium prices
India major aluminium scrap commodities prices declined on Tuesday, September 6, in line with aluminium futures prices at India's Multi Commodity Exchange (MCX) as Chinese markets remained closed for its National Day holiday. The major aluminium scrap commodities dropped on Scrap Register Price...
AAI pitches for a safeguard duty in meeting with India's Revenue Secretary
Facing the twin onslaught of galloping imports and meltdown in global prices, the domestic aluminium industry on Wednesday made a strong pitch for a safeguard duty breather in its meeting with revenue secretary even as its demand for doubling import duty to 10% remains unanswered. Sources said...
Chinese consortium's initiative to source Guinea bauxite will sideline India
The US$ 200 million worth bauxite mining project that Singapore-based Winning International Group has planned to start in the Boke region of western Guinea of Africa, through its formed consortium will sideline traditional suppliers like India, Australia, and Indonesia. Winning plans to export 30...
Utkal Alumina updates on its recently approved expansion plans
The High Level Clearance Authority (HLCA), the highest body to approve investment proposals, has approved seven projects with investments totaling to INR 41,900 crore. The projects that got the HLCA's nod include a mix of new as well as existing projects that proposed to ramp up their capacities....
Indian aluminium industry officials to meet Revenue Secretary on safeguard duty
Indian aluminium industry officials are set to meet Revenue Secretary Hasmukh Adhia this week and pitch for a safeguard duty on the lines of one on steel products in a bid to check cheap imports from China and the Middle-East. Following the imposition of 20 per cent provisional safeguard duty on...
Aluminium futures rise on positive global cues
Aluminium prices were up 0.73 per cent to INR 103.20 per kg in futures trade today as participants strengthened their positions, supported by an upward trend in base metals pack overseas. Besides, firm demand at the spot market also influenced metal prices. At the Multi Commodity Exchange,...
Ball opens aluminium aerosol can plant in India
Ball Corporation today opened an aluminum aerosol can plant in India, located in the northwest city of Ahmedabad. With this new plant, Ball will meet the region's increasing demand, and continue the company's Drive for 10 vision of entering into new geographic regions and remaining close to...
Vedanta looking to clinch domestic deals to cut alumina imports
After degrading capacity of its one million tonne alumina refinery at Lanjigarh by 35%, Vedanta is looking at options to source alumina from the domestic market to cut its dependence on high cost alumina imports. To feed its smelting unit at Jharsuguda, Vedanta is in talks with Aditya Birla Group...
Odisha backs L&T bid for bauxite deposits, sends DGPS report
Engineering giant Larsen & Toubro's (L&T) bid to secure Kutrumali and Sijimali bauxite deposits has got a major breakthrough with the Odisha government sending the DGPS (Differential Global Positioning System) survey report on the mines to the Union mines ministry. "The Centre had asked for DGPS...
Indian aluminium producers seek 15% import duty in FY17 Budget
Battered by surge in imports from China and West Asia, the domestic aluminium producers under the banner of Aluminium Association of India (AAI) have sought an enabling provision of 15 per cent duty on aluminium imports in the Budget for 2016-17. "We have sought an enabling provision of 15 per cent...
