$11.5b Adani-IRH aluminium project set to strengthen Odisha’s aluminium value chain
Odisha has handed over more than 7,000 acres of land for the Adani Group-International Resources Holding (IRH) joint venture’s proposed USD 11.5 billion integrated aluminium complex. This covers planned alumina refining, aluminium smelting and downstream manufacturing facilities across Sundargarh...
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...
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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...
Delhi HC asks govt to consider Balco’s coal mine plea
The Delhi High Court on Monday asked the government to treat Bharat Aluminium Company’s (Balco) petition as its representation to it and decide whether it was to be “chosen as the succesful bidder” for a Chhattisgarh coal block within a month. Balco, a Vedanta Group firm, had challenged the...
Indian Govt. releases new version of its container inspecion regimen
Recyclers who ship scrap metal to India were able to discuss breaking news, as that nation’s government released the newest version of its container inspection regimen while the industry was gathered at the 2015 Bureau of International Recycling (BIR) World Recycling Convention in Dubai, United...
Indian states to start auction of 200 mines next month
Beginning next month, eight mineral-rich states will start the e-auction of 200 mines with iron ore, limestone and bauxite deposits. The states have been empowered by the centre to auction mines with these three mineral resources. These 200 mines are mainly concentrated in Rajasthan, Jharkhand,...
Centre recommends imposition of anti-dumping duty on ‘cast aluminium alloy wheels’
Aluminium alloys industry is set to grow along with India’s automotive sector. India is currently the second largest two-wheel motorized vehicle producer in the world and the seventh-largest automaker. The Government of India has recommended imposition of anti-dumping duty on ‘cast aluminium alloy...
BIR notes a rising demand of aluminium scrap in India
When scrap recyclers gathered in Dubai for the 2009 World Recycling Convention in May of that year, the scrap market was in a several-months long trough but rebounded soon afterward. David Chiao, newly-elected president of the Bureau of International Recycling (BIR) Non-Ferrous Division, expressed...
Aluminium prices surge 0.45% in futures trade aided by strong spot demand
Aluminium prices edged up by 0.45 per cent to INR 111.50 per kg in futures trade today as participants enlarged positions amid a firming trend at spot markets on strong demand. At the Multi Commodity Exchange, aluminium for delivery in May inched up by 50 paise, or 0.45 per cent, to INR 111.50 per...
Hind Aluminium announces closure of trading window
Hind Aluminium Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 30, 2015, to consider and take on record the Audited Financial Results (AFR) of the Company for the year ended on March 31, 2015. Further, pursuant to SEBI (Prohibition of...
Manaksia Aluminium Company Ltd to consider financial results on May 30, 2015
A Meeting of the Board of Directors of Manaksia Aluminium Company Ltd will be held on May 30, 2015, to consider, approve and take on record the audited Financial Statements of the Company tor the year ended March 31, 2015. Further, in terms of provisions of the Company's Code of Conduct to...
Shree Narmada Aluminium Industries Ltd to consider FY15 results on May 28, 2015
A meeting of the Board of Directors of Shree Narmada Aluminium Industries Ltd is scheduled to be held on May 28, 2015, to take on record the Audited Financial Results for the quarter / year ended on March 31, 2015 along with report of auditors thereon. Pursuant to the Code of Conduct for prevention...
New Audi R8 due to release in India in the first half of 2016
The all new aluminium-bodied Audi R8 is ready to be launched in India in the first part of 2016 according to recent reports. Audi R8 will be the second generation for the German supercar. The use of aluminium in its band new space frame structure and liberal use carbon-fibre reinforced plastic...
Curbing the illegal mining of bauxite in Karnataka
As per section 23C of the Mines and Minerals (Development and Regulation) Act, 1957 state governments have been empowered to make rules for prevention of illegal mining and for purposes connected therewith. Therefore, matters relating to regulation and control of illegal mining, etc are all matters...
Novelis appoints H.R. Shashikant senior vice president and chief human resources officer
Novelis, the world leader in aluminum rolling and recycling, today announced the appointment of H.R. Shashikant to the position of Senior Vice President and Chief Human Resources Officer, effective immediately. Shashikant was previously Group Executive President, Group Human Resources, for the...
Gujrat Mineral Development Corporation saw boost in shares after bulk deal
GMDC or Gujrat Mineral Development Corporation engaged in exploration and development of mineral resources like bauxite rose 1.24% to INR 97.95 at 11:56 IST on BSE, after 0.44% equity changed hands in a bulk deal on the BSE on 8th May 2015. The stock had underperformed the market over the past one...
Audi launches its upgraded RS& Sportback 2015 in India for INR 1.4cr
Audi’s popular model, the aluminium-bodied RS7 is debuting in India, with a makeover and a new name – Audi RS7 Sportback 2015 with a price tag of INR 1.4 crore (ex-showroom Mumbai), 11 lakhs more than the current model. The lightweight new stunner has impressive spec complementing its good looks...
BoA to consider Vedanta SEZ extension
The Board of Approvals (BoA) under the Union commerce & industry ministry would consider the proposal for extending the validity of product specific Special Economic Zone (SEZ) by Vedanta Ltd at Jharsuguda. The validity of the notified SEZ is lapsing on May 22 this year. The BoA is scheduled to...
Aluminium futures fall on global cues
Aluminium prices fell 0.41 per cent to INR 120.40 per kg in futures trading today, taking weak cues from global markets. Further, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in June shed 50 paise, or 0.41 per...
Indian aluminium scrap prices remain flat; MCX Aluminium settles down
Indian aluminium scrap prices on Scrap Register Price Index remained flat on Wednesday, while aluminium futures prices at India's Multi Commodity Exchange traded down. As per Scrap Register Price Index, major copper scrap commodities like aluminium accessories scrap, aluminium ingots, aluminium rod...
