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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Mines auction likely from Oct-Nov; Centre clears 58 blocks in 12 Indian states
The much-awaited auction of mineral-bearing mines, including with iron ore and bauxite, is expected to start from October-November with the Centre handing over a list of 58 explored blocks to 12 producing states. "Mines auction is expected to begin from October-November. MECL has handed over...
Shutdown looms for Balco rolling mill at Korba
Vedanta-controlled Bharat Aluminium Company Limited (Balco) would shut down its rolling mill at Korba, Chhattisgarh, as the crises in the company reportedly deepened following recession in the sector. The rolling mill was commissioned in 1981-82. Besides the rolling mill, the company houses ingot...
Nalco aims INR 320 cr procurement from MSEs in 2015-16
National Aluminium Company (Nalco), the navratna PSU, has set a target to purchase goods and services worth INR 321.50 crore from the micro and small enterprises (MSEs) in 2015-16. In percentage terms, the sourcing of goods and services from the MSEs is 25 per cent of the total annual procurement...
NALCO puts diversification and expansion plans on fast track
The National Aluminium Co Ltd (NALCO) expressed interest to diversify into nuclear power production. The company is also looking to strengthen its raw material supply chain. It expects Odisha to give it green signal for a new bauxite mine in the next few months that will help it to start work on...
Bhoruka Aluminium to announce first quarter results on Aug 13, 2015
A meeting of the Board of Directors of Bhoruka Aluminium Ltd will be held on August 13, 2015, to consider and take on record the Unaudited Financial Results for the First quarter ended June 30, 2015. Pursuant to provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015 "Code of Conduct...
NMDC and Nalco stocks look attractive after a year-long decline
After a sharp fall over the last one year, stocks of state-owned mining companies -NMDC and Nalco -look attractively valued for investors who prefer to buy companies with good dividend yields. Cash on the books of NMDC as on March 31, is almost half of its market cap, while in case of Nalco it is...
Manaksia Aluminium Company Ltd to consider 1st quarter results on Aug 13, 2015
A Meeting of the Board of Directors of Manaksia Aluminium Company Ltd will be held on August 13, 2015, to consider, approve and take on record the Un-audited Financial Statements of the Company for the quarter ended June 30, 2015. In terms of provisions of the Company's Code of Conduct to Regulate,...
Rising imports seizing market share of Indian aluminium producers
Despite steady growth in demand in the domestic market, India's aluminium producers are spending sleepless nights, the reason being rising imports eating into their market shares. The demand for the white metal has been growing steadily at a CAGR of 6 per cent since 2010-2011, driven by increased...
NALCO to announce Q1 results on Aug 12, 2015
A meeting of the Board of Directors of National Aluminium Company Ltd will be held on August 12, 2015, to consider and take on record the Un-audited Financial Results of the Company for the quarter ended on June 30, 2015. Shares of NATIONAL ALUMINIUM CO.LTD. was last trading in BSE at INR35.3 as...
India's aluminium beverage can market expected to reach INR 15 bn by 2017
India's beverage packaging industry reported a significant growth in 2014. Backed by rising disposable income among urban Indians and resulting need for increased convenience, consumption of beverages reached a new height previous year. Now, the main focus of the industry lies on sustainable...
Ess Dee Aluminium to consider financial results on Aug 14, 2015
A meeting of the Board of Directors of Ess Dee Aluminium Ltd will be held on August 14, 2015, to consider and take on record the unaudited financial results of the company for the quarter ended June 30, 2015. The trading window for trading in the securities of the company shall remain closed from...
Hindalco seeks RBI’s 5/25 protection
Non-ferrous metals producer Hindalco is in talks with banks to refinance around R7,000 crore of loans for two projects - Aditya Aluminium and Utkal Alumina International (UAIL) - under the Reserve Bank of India’s (RBI) 5/25 scheme, two bankers aware of the development told FE. “Although the...
Aluminium up 60 paise on global trend
Aluminium futures traded a shade higher at INR 104.50 per kg, largely in tandem with a firming trend in base metals at the London Metal Exchange (LME). Besides, increased demand at domestic spot markets also influenced prices. At Multi Commodity Exchange, aluminium for delivery this month rose 60...
Hind Aluminium Industries Ltd board recommends final dividend of 15% for 2014-15
The Board of Directors of Hind Aluminium Industries Ltd at its meeting held on May 30, 2015, have recommended a Final Dividend of 15% on the equity shares of the Company for the year ended March 31, 2015. (Previous year @ 15%). The Register of Members & Share Transfer Books of the Company will...
Vedanta Limited announces Q1 Results
Vedanta Limited (formerly known as Sesa Sterlite Ltd./Sesa Goa Ltd) today announced its unaudited consolidated results for the first quarter ended 30 June 2015. A summary of the results below: Financial Highlights: • Revenues at INR 16,952 crore • EBITDA at INR 4,039 crore is flat sequentially;...
Vedanta’s innovation task force at work on next big idea
Senior managers at Vedanta have been meeting every quarter over the past one year to discuss new ideas and exchange notes with chief executive Tom Albanese on the next possible big innovation at the natural resources conglomerate. The executives are members of the 'innovation task force' which has...
NALCO eyeing new oversees market to offset falling aluminium prices
With domestic and global market for metal witnessing sluggishness, National Aluminium Company Limited (NALCO), a Navaratna central public sector unit, is looking at exploring virgin markets for its products on foreign soil, besides attempting to increase its footprint in mining sector. “It is...
"Considering the steady GDP growth in India, I expect the aluminium industry growth rate to go up to 7 to 8% in near future," Mr. Satish Pai, Deputy Managing Director and CEO, Hindalco Industries, India
Mr. Satish Pai is the Deputy Managing Director and CEO of the Aluminum Business, India, Hindalco Industries. Mr. Pai is responsible for setting strategic vision for the Aluminum business of Hindalco in India. He also provides operational leadership in order to build sustainable competitive...
