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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Indian government to resume auction of coal
The Indian Government announced recently that the auction of coal blocks would resume soon where 10 mines with an annual production of 13.14 million tons would be put up for auction to cement, steel and aluminium companies along with captive power plants. The auction conducted by the Ministry of...
Odisha to push OMC's case for mining lease over Karlapat
The state government would move the Union ministry of mines to recommend grant of mining lease (ML) over Karlapat bauxite mines in favour of Odisha Mining Corporation (OMC). The Centre, in March this year, had decided to allocate the Karlapat deposits to the state run miner following a request from...
Maruti Suzuki launches Celerio 125 DDiS with an all-aluminium engine
Maruti Suzuki launches Celerio 125 DDiS in India with prices starting at INR 4.65 lakh, featuring a revolutionary all-aluminium diesel engine. Celerio claims to be the most fuel efficient car in the country with an ARAI certified mileage of 27.62 kmpl. Specially designed by Suzuki, the...
Hind Aluminium declares financial results
Hind Aluminium reported its results showing a rise in net profit by 778.26% to INR 4.04 crore in the quarter ended in March 2015 rising from INR 0.46 crore reported for the same period in 2014. Total standalone income from operations was reported to be INR 154.22 crore for the March quarter of 2015...
Nalco to invest INR 5,540 crore in 1 million tonne alumina refinery
The board of National Aluminium Company (Nalco) has approved a significant capacity expansion plan to set up a one million tonne alumina refinery at Damanjodi, Koraput, Odisha at a proposed investment of INR 5,540 crore. Nalco already has a captive bauxite deposit at Pottangi in the state, which...
Indian aluminium producers ask for government intervention against “Chinese dumping”
Indian aluminium companies have raised an alarm demanding quick action from the government to put a stop to “Chinese dumping” which is affecting their business adversely, industry leaders say. Hindalco’s managing director D Bhattacharya says that since the Chinese GDP growth rate has slowed and has...
Manaksia Aluminium Company reports standalone net loss of INR 2.75 crore in the March 2015 quarter
Sales decline 36.38% to INR 56.39 crore Net loss of Manaksia Aluminium Company reported to INR 2.75 crore in the quarter ended March 2015 as against net profit of INR 0.16 crore during the previous quarter ended March 2014. Sales declined 36.38% to INR 56.39 crore in the quarter ended March 2015 as...
Parth Aluminium reports standalone net profit of INR 0.03 crore in the March 2015 quarter
Net profit of Parth Aluminium reported to INR 0.03 crore in the quarter ended March 2015 as against net loss of INR 0.02 crore during the previous quarter ended March 2014. Sales remain constant at INR 0.03 crore in the quarter ended March 2015 and also during the previous quarter ended March 2014....
Nalco Q4 net more than doubles at INR 355 crore
State-run National Aluminium Company (Nalco) on Saturday reported a more than doubling of its net profit of INR354.87 crore for the fourth quarter ended March on the back of an exceptional gain as against INR172.45 crore in the same quarter a year ago. New Delhi, May 30 (IANS) State-run National...
Vedanta India to buy up to 5.33% stake in Cairn India
Vedanta India will acquire up to 5.33 percent stake, worth over INR 2,200 crore, in its group concern Cairn India next week. Anil Agarwal-led Vedanta India, which changed the name from Sesa Sterlite last month, is a promoter in Cairn India. It will acquire up to 100 million shares of the company...
Hindalco’s Q4 profit declines 36% to INR 159.53 crore
Aditya Birla Group’s flagship company Hindalco Industries Ltd on Thursday reported a 35.7% decline in its stand-alone net profit for the March quarter, thanks to higher power and fuel, and finance costs, and weaker prices in the international markets . Net profit was at INR.159.53 crore as compared...
Maan Aluminium standalone net profit declines 41.67% in the March 2015 quarter
Sales rise 34.23% to INR 37.25 crore Net profit of Maan Aluminium declined 41.67% to INR 0.07 crore in the quarter ended March 2015 as against INR 0.12 crore during the previous quarter ended March 2014. Sales rose 34.23% to INR 37.25 crore in the quarter ended March 2015 as against INR 27.75 crore...
Ess Dee Aluminium standalone net profit declines 44.66% in the March 2015 quarter
Sales rise 16.03% to INR 172.96 crore Net profit of Ess Dee Aluminium declined 44.66% to INR 5.60 crore in the quarter ended March 2015 as against INR 10.12 crore during the previous quarter ended March 2014. Sales rose 16.03% to INR 172.96 crore in the quarter ended March 2015 as against INR...
Aluminium prices rise by 0.36% in futures trade on overseas uptrend
Aluminium prices today rose 0.36 per cent to INR110.55 per kg in futures trade as speculators enlarged positions amid a rising trend overseas. Furthermore, increased demand at domestic spot markets influenced prices. At the Multi Commodity Exchange, aluminium for delivery in May rose 40 paise, or...
Hindalco Q4 profit seen up 18% at INR 293 cr
Aluminium major Hindalco Industries's fourth quarter profit may rise 18 percent year-on-year to INR 293 crore, according to a CNBC-TV18 poll. The company will announce its earnings on May 28. Aluminium major Hindalco Industries 's fourth quarter profit may rise 18 percent year-on-year to INR 293...
Odisha proposes bauxite mines lease for L&T
Ending years of uncertainty, the Odisha government has recommended to the Centre for allotment of two bauxite deposits, Kutrumali and Sijimali in south Odisha, to engineering & construction giant Larsen & Toubro (L&T). L&T held the prospecting licence (PL) for these deposits for last two decades....
Vedanta, Jharsuguda awarded 1st Prize at Green Manufacturing Excellence Award
Vedanta Limited, Jharsuguda was awarded in the Challenger’s Category at the Green Manufacturing Excellence Award (GMEA) 2015 Summit in Mumbai. The prestigious national level award from M/s Frost & Sullivan on 22nd May 2015 was won by Vedanta’s Jharsuguda unit for its initiatives on Sustainable...
Odisha's poor power linkage policy hit aluminium plant: Vedanta
Mining and minerals giant Vedanta today said it is operating its Jharsugda aluminium facility at a mere 25 per cent of installed capacity while putting the blame on state government for absence of power linkage policy and raw material crunch. The NRI-billionaire Anil Aggarwal-led company has set up...
