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
More shine to National Aluminium Company
The share price of National Aluminium Company (Nalco) has surged 30 per cent after it hit an almost two-year low of INR 28 on August 25, following a rout in metal stocks on concerns over Chinese slowdown. Though China still remains a concern, analysts say current aluminium prices are factoring in...
Aluminium futures weaken on global cues
Aluminium futures today traded 0.42 per cent lower at INR 106.75 per kg as speculators reduced their positions amid weak global cues. Furthermore, subdued demand in the domestic spot market also weighed. At Multi Commodity Exchange, aluminium for delivery in September eased 45 paise, or 0.42 per...
Indian aluminium scrap holds ground through the week ended Sept 11
Indian containerized shredded scrap import prices plummeted during week ended September 11, while Indian aluminium scrap prices on Scrap Register Price Index remained almost stable. According to TSI, containerized shredded index for Indian imports fell by $9 a ton to $232 a ton CFR Nhava Sheva...
Nalco decides not to shift smelter out of Odisha
After threatening to pull its proposed INR 30, 000 crore project for setting up an aluminium smelter and a power plant at Darlipali in Sundargarh district out of Odisha, public sector behemoth Nalco has now come back from the brink and agreed to have it at the place decided. The rapprochement came...
Indian aluminium makers need to be cost competitive, say analysts
Hurt by spate of cheaper imports and plummeting LME (London Metal Exchange) prices, Indian aluminium makers need to focus on cost competitiveness in the long run to compete against their global counterparts, observe analysts. Aluminium producers like National Aluminium Company (Nalco), Hindalco...
Vedanta Limited updates on its merger with Cairn India
Vedanta Limited, subsidiary of Vedanta Resources Plc, and Cairn India Limited have received No Objection from BSE Limited and the National Stock Exchange of India Limited vide their Observation letters dated September 10, 2015 in relation to their proposed merger. No Objection letters have been...
Centre allots Utkal D&E Coal Blocks to NALCO
National Aluminium Company (NALCO) has been allocated Utkal D and E Coal Blocks, in Angul district of Odisha, where the company's 4.6 lakh tonne aluminium smelter and 1200 MW captive power plant are located. The company's smooth operation and expansion plans hinged on the allocation of these blocks...
Aluminium up by 0.3% as spot demand hardens
Aluminium prices edged up by 0.28% to INR 107.25 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 Multi Commodity Exchange, aluminium for delivery in the current month inched up 30...
Indian aluminium scrap prices stayed stable in the week ended Sept 04
Indian containerized shredded scrap import prices stayed flat in the week ended September 04, while Indian aluminium scrap prices on Scrap Register Price Index remained almost stable. According to TSI, containerized shredded index for Indian imports remained flat at $241 a ton CFR Nhava Sheva port....
Sapa restructures business areas in Asia
As part of its strategy to profitably grow in Asia and to serve its customers in this region even better, Sapa has decided to reorganize its business and will include its extrusion operations in Asia with its global aluminium tubing business. As a consequence, Salvador Biosca, executive vice...
Balco begins process to shut Korba's aluminium rolling business
Balco, part of Anil Agarwal-led Vedanta Ltd, has started the procedure to shut down its rolling business in Chhattisgarh - a move that will see 1,000 people losing jobs. Last month, the aluminium manufacturer had announced its decision to shut down the rolling mill in Korba (Chhattisgarh) on...
Indian aluminium industry asks government to hike import duty
India's aluminium industry on September 12 called on the government to raise duties on import of the metal to stem the flow of cheap imports from China. An Aluminium Association of India delegation, led by Vedanta Group chief executive Tom Albanese, Hindalco deputy managing director D Satish Pai...
AlCircle stands out with its unique range of exhibits at Aluminium India 2015
Aluminium India 2015 concluded successfully after playing host to a congregation of global aluminium industry players from 7 to 9 September in Mumbai. Given the fact that aluminium industry is currently going through a challenging phase, this international exhibition-cum-conference held at Bombay...
Vedanta to invest INR 6,000cr, restart Mettur aluminium plant
Vedanta Group is getting aggressive with capacity expansion in Tamil Nadu. The company, which has its copper smelter in Tuticorin and an aluminium factory in Mettur, has drawn up a INR 6,000-crore investment programme to be spent over the next 12 to 24 months. It is also planning a foray into solar...
Aluminium futures weaken on global cues
LME aluminium may seek a support in a zone of $1,611-$1,618 per tonne, before rising again. The zone has been formed by the 150 percent and the 161.8 percent Fibonacci projection levels of an uptrend from the Aug. 26 low of $1,525.50, based on the rise from the Aug. 24 low of $1,506 to the Aug. 25...
Vedanta Aluminium goes on workforce reduction, cost cuts
Mining giant Vedanta Resources has resorted to "aggressive cost reduction" and "workforce reduction" in its aluminium segment amid subdued and volatile market conditions globally.The Anil Agarwal-led mining conglomerate said sharp rise in Chinese exports has led to a short-term market saturation...
Odisha locals extend support to Vedanta's Lanjigarh refinery
A delegation of project affected people of Vedanta from the region met Mr. Abhijit Pati, CEO Vedanta Aluminium and urged him to continue with operations at Lanjigarh and to explore all possible options to avoid closure of the refinery as it will result in catastrophic consequences for the region....
Alicon Castalloy acquires casting business of Atlas Castalloy
Alicon Castalloy, one of the leading manufacturers of aluminium alloy castings, has acquired the castings business of Atlas Castalloy. The acquisition includes transfer of plant and machinery against issue of equity shares to the existing shareholders of Atlas Castalloy. The acquisition has been...
