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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Hindalco said to refinance INR 14,700 crore of loans
Hindalco Industries Ltd, the Indian aluminium producer backed by billionaire Kumar Mangalam Birla, refinanced about INR14,700 crore ($2.2 billion) of debt. Shares extended gains. The Mumbai-based company got the average maturity of its local-currency project loans extended by 10 years, two of the...
Vedanta smelter bags national award in energy efficiency
The aluminium smelter unit of Vedanta Limited at Jharsuguda has been bestowed the coveted ‘Excellent Energy Efficient Unit’ award in the ‘16th National Award for Excellence in Energy Management’ conducted by Confederation of Indian Industries (CII). This is the third successive year that Vedanta’s...
TVS Motor, Sundaram Clayton to invest INR 800 crore; includes investment on aluminium casting
TVS Motor and Sundaram Clayton, India's two leading two-wheeler companies together announced plans to invest around INR 800 crore in Tamil Nadu. Speaking on the sidelines of Tamil Nadu Global Investors Meet at Chennai on Wednesday Venu Srinivasan, chairman and managing director, TVS Motor and...
Aluminium futures weaken on sluggish demand
Aluminium fell 0.14 per cent to INR 106.60 per kg in futures trade today after traders reduced their exposure due to sluggish demand at the domestic spot market amid drop in China exports. At Multi Commodity Exchange (MCX), aluminium for delivery in September eased 15 paise or 0.14 per cent to INR...
Nalco may be taken out of disinvestment calendar
Government of India may take out state-owned aluminium major Nalco from the disinvestment calendar for the current fiscal over fears that a volatile capital market coupled with sluggish commodity prices may sharply erode the Centre’s earnings from the proposed 10 per cent stake sale in the company....
Indian govt. delegation visits Huntley’s bauxite mines, seeks Australian collaboration
Union Minister of Steel and Mines, Shri Narendra Singh Tomar met Western Australian Premier, Mr Colin Barnet in latter's office in West Perth, Australia, last week Friday. Tomar is leading a delegation of the Indian mining industry to Sydney for Asia Pacific Mining Exhibition (AIMEX) 2015, one of...
Centrum Broking sees aluminium prices rising to 18 per cent
Centrum Broking said it expects aluminium prices to recover sharply to $2000 per tonne by first half of 2016 from $1700 per tonne price currently, citing expected supply cuts due to large unviable capacity at present prices and steady demand. The brokerage said 30-40 per cent of aluminium capacity...
Aluminium rises by 0.3% on global cues
Tracking firmness in base metals overseas coupled with strong demand at domestic spot markets, aluminium prices edged up 0.33% to INR 107.75 per kg in futures trade today as participants enlarged positions. Marketmen said apart from increased domestic demand, a firming global trend ahead Chinese...
Aluminium prices to rise next year on China boost, observes Hindalco
With China, the world’s largest consumer of major commodities including aluminium, unveiling stimulus, prices of aluminium are slated to rise next year, says Hindalco Industries Ltd, India’s second biggest aluminium producing company. Satish Pai, Hindalco’s deputy managing director said in an...
Nalco fixes book closure for final dividend & 34th AGM
The Register of Members & Share Transfer Books of National Aluminium Company Ltd will remain closed from September 22, 2015 to September 26, 2015 (both days inclusive) for the purpose of Payment of Final Dividend & 34th Annual General Meeting (AGM) of the Company to be held on September 26, 2015....
Goa Carbon reports 16,353.400 MT of calcined petroleum coke production
Goa Carbon has reported production of 16,353.400 MT (million tonnes) of calcined petroleum coke for the month of August 2015. Of the total production achieved for the month, Bilaspur plant produced 1,653.400 MT, Goa plant produced 3,417.000 MT of calcined petroleum coke while Pradeep plant produced...
Odisha-based NALCO bags EEPC Star Performer Award
National Aluminium Company Limited (NALCO), the Navratna PSU, Under Ministry of Mines, Govt. of India and country’s leading manufacturer-exporter of alumina and aluminium, has bagged the prestigious EEPC (Engineering Export Promotion Council)’s Star Performer Award, for its outstanding export...
Vedanta to ramp up aluminium output at Odisha plant by 60%
In a move that could be seen as a paradox to Vedanta's move to shut down its Lanjigarh alumina refinery in the backdrop fall in global aluminium prices and lack of bauxite linkage, the company has initiated the process of stepping up aluminium production at its Jharsuguda smelter in Odisha. The...
Aluminium India 2015 takes off in Mumbai
Aluminium India 2015, the largest and the most important trade fair for the aluminium industry and its application fields in India, started today on September 7 at Bombay Exhibition Centre in Mumbai. The international exhibition and conference, organized by Reed SI Exhibitions Pvt Ltd, will be held...
Vedanta CEO meets Odisha CM for urgent allocation of bauxite mine
Vedanta's chief executive officer (CEO) Tom Albanese urged Odisha chief minister Naveen Patnaik last Thursday to arrange for bauxite for its dying one million tonne per annum (mtpa) Lanjigarh refinery in Kalahandi district as soon as possible. The CEO also officially intimated the company's...
Nalco to visit Iran for talks on $2 billion smelter plan
India’s National Aluminium Co. Ltd (Nalco) executives plan to visit Iran this month for initial talks to build a $2 billion smelter in the Middle Eastern country, the first pick on its three-nation short list. The company will discuss forming a joint venture with the Iranian Mines and Mining...
Odisha Mining Corporation to fast track bauxite mining to rescue Vedanta refinery
In its bid to rescue Vedanta's alumina refinery at Lanjigarh, the Odisha government has put its mining PSU Odisha Mining Corporation (OMC) on the job to start mining from Karlapat mines at the earliest. Timelines have been set to achieve different critical milestones to commence bauxite mining from...
Aluminium falls by 1.4% on global cues
Aluminium prices were down 1.45% to INR 105.60 per kg in futures trading today after speculators trimmed positions amid a weak trend overseas and sluggish demand from consuming industries in the spot market. At the Multi Commodity Exchange (MCX), aluminium for delivery in September shed INR 1.55,...
