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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Vedanta re-approaches Odisha Govt for bauxite mines
In an attempt to avoid the posssible closure of Lanjigarh plant where operations have been badly hit due to unavailability of bauxite, KK Dave, chief operating officer (COO) of Vedanta Aluminium Limited (VAL) met Odisha Steel and Mines Minister Prafulla Mallick at the state secretariat on Saturday...
Declining alumina prices hit US caustic soda market
At the start of 2015, those in the alumina industry had a right to feel like things were brightening for the lightweight metal in global markets. The global industry had been grinding its way through a years-built glut of supply that had depressed prices and forced alumina producers in the West to...
China aluminum alloy wheel exports fall for three consecutive months in July
China’s aluminum alloy wheel exports fell for three months running in July on a yearly basis, according to the China Association of Automobile manufacturers (CAAM). Export quantity fell 8.3% year-on-year (YoY) to 66,700 tonnes in July, and export value also dropped 9.2% YoY to $327 million, CAAM...
Hindalco seeks shareholders' nod to raise up to INR 6,000 crore
Aluminium maker Hindalco Industries seeks its shareholders' approval to raise up to INR 6,000 crore through issuance of non convertible debentures (NCDs) on private placement basis. "Consent is sought to offer or invite subscription to non convertible debentures up to an amount not exceeding INR...
Update: Hindalco to ramp up production at MP aluminium smelter
Aditya Birla Group-promoted Hindalco Industries has said it would attain its full capacity at its Mahan aluminium smelter in Madhya Pradesh soon. The investment project faced a few road-blocks earlier pertaining to coal procurement apart from protests from environmentalists, but went on stream in...
Andhra government determined to go ahead with bauxite mining
Despite protests coming in from Girijans living in the Vishakha Agency and political parties in opposition in the state, Andhra Pradesh government seems insistent on going ahead with the bauxite mining projects in the Agency area in Vizag and East Godavari districts. In a recent development, the...
India aluminium scrap prices up
Indian aluminium scrap prices on Scrap Register Price Index traded up. The Indian scrap market remains extremely slow with transactions continuing to be few and far between. As per the Scrap Register Price Index, scrap prices for Aluminium Accessories, Aluminium ingots, Aluminium Rod Company,...
Mine auction in India may start by October-November
Mineral-producing states are expected to begin auction of mines bearing minerals such as iron ore, bauxite and limestone by October and November, Steel and Mines Minister Narendra Singh Tomar reportedly said. "I have spoken to all the Chief Ministers of the mineral-producing states, and the process...
Early clearances must before auctioning of mines: FIMI
With mineral-producing states expected to start auction of mines bearing minerals such as iron ore, bauxite and limestone by October and November, Federation of Indian Mineral Industries ( FIMI) urged the Centre to ensure that all approvals including forest and environment clearances should be put...
India's total mineral production valued at INR 18194 crore; Gujarat- largest bauxite producer
As per the annual report of the Union Ministry of Mines, Gujarat has the largest 32.41 per cent share in bauxite production followed by Jharkhand which has 10.53 percent share and Maharashtra standing at 9.51 per cent. Chhattisgarh is accounted for 6.07 per cent of the total Bauxite production in...
No ‘promises’ from Government of India on import duty hike on aluminium
The Government of India has yet again refrained from giving any assurance to the domestic aluminium industry on its demand for an import duty hike. For the second time in a little over a month, on Thursday the top officials of aluminium majors BALCO, Hindalco, Vedanta Ltd and others, under the...
Indian aluminium industry may resort to production cuts, layoffs
Facing the double whammy of plummeting prices and subdued capacity utilisation, the domestic aluminum industry hinted at resorting to production cuts and retrenchment if the government does not raise import duty to 10% immediately from 5% to protect the home turf from rising imports. “The domestic...
HC seeks Centre's reply on Balco plea
Delhi High Court today sought the Centre's response on Bharat Aluminium Company's (Balco) plea challenging government's decision rejecting its representation to reconsider cancellation of its bid for a Chhattisgarh coal block. A bench of justices Badar Durrez Ahmed and Sanjeev Sachdeva issued...
Raising import duty on aluminium products 'tricky': India Mines Ministry
The government of India said the demand by primary producers to raise import duty is a "tricky" case as the move will help the bigger players -- Hindalco, Balco, Nalco and Vedanta -- but may hurt smaller firms that import scrap. The Ministry is reviewing the case for increasing import duty on...
Nagpur NGO planning tetrapack recycling unit
Following the best from waste concept, city-based NGO Centre Sustainable Development (CSD) has carried out a survey to quantify tetrapack waste generated in the city. At a later stage, it is planning to recycle it because tetrapack waste can be of great value as it contains paper and aluminium. A...
Aluminium futures gain 0.49% on MCX on global cues
Aluminium gained 0.49 per cent to INR 103.40 per kg in futures trade after speculators widened positions amid positive cues from global markets. Besides, increased demand at domestic spot markets influenced prices. At the Multi Commodity Exchange, aluminium for delivery in August rose 50 paise, or...
Hind Aluminium standalone Jun '15 sales at INR 188.35 crore
Hind Aluminium Industries has reported a standalone total income from operations of INR 188.35 crore and a net profit of INR 2.58 crore for the quarter ended Jun '15. Other income for the quarter was INR 0.33 crore. For the quarter ended Jun 2014 the standalone total income from operations was INR...
Aluminium producers to meet PMO to press for import duty hike
Indian aluminium producers such as Vedanta and Hindalco will meet officials at the Prime Minister's Office and policy think tank NITI Aayog this week to press for higher import duty on aluminium in the face of falling global prices. The domestic industry leaders will meet the mines secretary on...
