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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Cheap power could attract India's Nalco to set up $3bn aluminium smelter in Oman
Indian aluminium giant National Aluminium Co Ltd (Nalco) is exploring opportunities in Oman, Iran and Indonesia to set up an aluminium smelter plant with an estimated investment of around US$3bn. The company would finalise the location for the plant after examining factors like availability of low...
Primary aluminium production in India likely to touch 2.4-2.5 mt
Production of primary aluminium is likely to touch 2.4 - 2.5 million tonne (mt) in 2015-16 up from the level of 2.04 mt in 2014 -15, led mainly by improved demand from transport and electrical sectors. "With increasing investment by the central government in power transmission during 2014, India...
Global aluminium foil demand to zoom over next 5 years
The growth of global demand for aluminium foil is estimated to rise by more than 4% CAGR until 2019, according to the data released by CRU International in a recently published report. The additional worldwide demand will add up to one million tons by the end of that period. The economic growth in...
Bahrain's Midal Cables to set up aluminium conductor unit in Odisha
Bahrain based Midal Cables will set up an aluminium conductor unit in Odisha at a cost of INR 358 crore. The project was recently cleared by the State Level Single Window Clearance Authority (SLSWCA). The facility with a production capacity of 60,000 tonne per annum (tpa) would come up at the...
Aditya Aluminium gets Odisha pollution watchdog's notice
The Odisha State Pollution Control Board (OSPCB) has issued a show cause notice to Aditya Aluminium, asking it why the plant should not be shut for not adhering to the pollution control measures, a board official said on Sunday. The company, which has set up an aluminium smelter plant, having...
Weak prices, Chinese exports might fuel capacity cut in aluminium: Nalco
Subdued prices and higher Chinese exports might curtail capacity and hinder new expansion projects in the aluminium sector globally, despite strong production levels in India and West Asia, said a top executive at National Aluminium Company (Nalco). “Global prices of aluminium have remained under...
ThyssenKrupp looks to source aluminium, zinc from India
Germany-based diversified industrial group ThyssenKrupp plans to set up a resource office in India for sourcing of metals such as aluminium and zinc for its projects related to aerospace and defence among others spread across the globe. The group has 1,55,000 employees across 80 countries with a...
Hindalco looks at new ways to cut costs
Hindalco Industries, the country’s largest aluminium maker, has cut production by up to 10 per cent at its Hirakud smelter in Odisha, on declining global prices and high energy costs. The cut by the Aditya Birla Group company has come at a time when smelter capacity use worldwide is down by a third...
Nalco committed to setting up second smelter unit in Odisha
The State-run National Aluminium Company Limited on Saturday reaffirmed its commitment on setting up of the second smelter and power complex at Odisha’s Sundargarh at estimated cost of Rs. 22,000 crore. “A smelter unit of 0.5 MTPA with a power plant of 1050 MW capacity at a cost of Rs.22,000 crore...
Space technology to check illegal mining in India
India would soon use indigenous space technology to check illegal mining and guard its mineral wealth using satellite imagery, a top official said on Thursday. "We are in talks with the Indian space agency to use its earth-observation and remote sensing satellites for tracking illegal mining...
India aluminum scrap prices drop in line with MCX aluminum
India major aluminium scrap commodities prices dropped on Tuesday, September 22, in line with aluminium futures prices at India's Multi Commodity Exchange, amid renewed concern over slowing economic growth in China. The major aluminium scrap commodities dropped on Scrap Register Price Index as on...
Aluminium systems market to be valued at $147.13 billion by 2020
In a recently published market research report, it is projected the global market for aluminium will grow at a CAGR (compound annual growth rate) of 5.65% from 2015 to 2020, to reach USD 147.13 billion by 2020. As per the report, rising demand for aluminium in emerging economies will be the main...
Non-regulated power players in India oppose e-auction of coal linkages
Players from the non-regulated sectors in India including cement, iron and steel, sponge iron, aluminium and fertiilisers have objected to the Centre's move to introduce auction for coal linkages. They have appealed to the Centre not to shift in haste to Supplier Controlled Ascending Market...
Aluminium falls by 0.4% on global cues
Aluminium prices were down 0.38% to INR 106.15 per kg in futures trade today as investors offloaded positions amid weak global cues and muted demand at spot markets. At the Multi Commodity Exchange, aluminium for delivery in current month eased by 40 paise, or 0.38%, to INR 106.15 per kg in a...
India aluminum scrap prices decline in line with MCX aluminium
The major aluminium scrap commodities dropped on Scrap Register Price Index as on Friday, September 18. India's major scrap commodities like aluminium accessories scrap, aluminium rod company, aluminium rod local, aluminium sheet cutting, aluminium wire scrap traded down on Friday. The most active...
Nalco to spend INR 1,000 cr on developing coal blocks
Indian aluminium major National Aluminium Company Ltd (Nalco) will spend around INR 1,000 crore for developing Utkal D and E coal blocks allocated to it recently. Both the coal blocks are located in the vicinity of Nalco's 0.46 million tonne aluminium smelting facility at Angul. "The company will...
Nalco to see limited impact on Odisha coal block: Goldman
Goldman Sachs sees limited impact on National Aluminium Company 's (Nalco) costs and utilisation after the government has allocated two coal blocks in Odisha to it. The Centre has allocated Utkal D and E coal blocks to the aluminium major, which had already set up a 4.6 lakh tonne smelter and 1,200...
Centre to hold mines auction on behalf of Indian states from November
In a bid to fast-track mineral extraction, the centre will conduct auction of mines bearing minerals such as iron ore, bauxite and limestone on behalf of states for the first phase starting November this year. In phase I, the 12 mineral-producing states have identified 80-90 blocks that will go...
