$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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BJD opposes divestment of National Aluminum Company
Government's plan to divest 10 per cent of its stake in navratna firm National Aluminum Company (NALCO) was today opposed in the Rajya Sabha by the BJD which said profit-making firms should not be sold. Raising the issue during Zero Hour, Dilip Kumar Tirkey (BJD) said Nalco was a profit-making PSU...
JNARDDC helps OFAJ overcome tech hurdles
Nagpur based Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) is known for helping the Indian aluminium industry in solving their problems. The centre is now set to play an important role in country's defence as well. It will not only be designing a critical component for...
L&T presses for ML over two bauxite deposits
Engineering and construction giant Larsen & Toubro (L&T) has made a renewed bid to secure mining rights over Sijimali and Kutrumali bauxite deposits across Kalahandi and Rayagada districts after the enforcement of the Mines & Minerals (Development & Regulation) Act, MMDR Act, 2015. Since L&T...
Rexam issues its Q1 trading update
Rexam, a leading global beverage can maker, is today issuing the following trading update for the period from 1 January 2015. Results for the Group are in line with our plans. Overall global beverage can volumes were up 5% (3.5% excluding the acquisition of UAC) in the first quarter. Volumes in...
N R Mohanty assumes additional charge as CMD of NALCO
N R Mohanty, Director (Projects & Technical) at National Aluminium Company Ltd (NALCO) has been given additional charge as Chairman-cum-Managing Director of the navaratna PSU. The additional charge was given to Mohanty following the superannuation of Ansuman Das, a company statement said here...
Vedanta (former Sesa Sterlite) releases its Q4 2014 results
Vedanta, formerly known as Sesa Sterlite has released its consolidated results for the fourth quarter and full year of 2014 ending 31st March showing strong performance amidst a weak commodity price environment. The company changed its name from Sesa Sterite Limited to Vedanta Limitedon 21, April,...
JNARDDC holds meet on ‘Extrusion'
The city-based Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) organized a one-day national meet on "Extrusion' on Wednesday. Extrusion is a process used to create objects of a fixed cross-sectional profile. A material is pushed or pulled through a die of the desired...
Nagpur institute JNARDDC invents method to make special alumina
The city-based Jawaharlal Nehru Aluminium Research Design and Development Centre (JNARDDC) has developed an indigenous process of preparing 'special alumina', which is usually imported. Special alumina, which is the precursor for manufacturing aluminium from bauxite ore, has multiple uses as fire...
National Aluminium Company declares 25% interim dividend for FY15
National Aluminium Company Limited (Nalco), a navratna PSU under the ministry of mines, has declared an interim dividend of 25%, or INR1.25 per share of INR 5 each, amounting to INR 322.16 crore for the financial year 2014-15, on the paid-up equity share capital of INR1288.62 crore. On Monday, the...
Consider Utkal E coal block for Nalco: Parliamentary committee to government
A Parliamentary committee today asked the government to consider allocation of Utkal--E coal block in Odisha to aluminium major Nalco as "it is crucial for the company's expansion plans". "The committee feels that allocation of Utkal-E coal block for Nalco is very crucial for the company in...
China bauxite imports soared 144.07% in March, driven mainly by Malaysia
China imported 4.44 million tonnes of bauxite in March, up 46.91% from February and 144.07% from a year ago, customs data showed. Stockpiles of imported bauxite built up in 2013 are running out, which explains why March’s imports were such robust, SMM understands. Malaysia contributed the most to...
Vedanta, Jharsuguda hosts BEE's 1st Knowledge Exchange Platform (KEP) for aluminium sector
The 1st Aluminium Sector workshop under Knowledge Exchange Platform (KEP) initiative was hosted by Vedanta, Jharsuguda unit, here at the Auditorium, Vedanta Meadows for exchange of best practices in Aluminium industries covered under the Perform Achieve and Trade (PAT) scheme. PAT is a flagship...
JNARDDC organizes one day meet on Aluminium extrusions at Nagpur
Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC), is organizing one day Meet on Aluminium extrusions in strategic applications and challenges ahead. The theme of this workshop is to identify strategic applications of aluminium extruded profiles in sectors such as defence,...
Sesa Sterlite Limited renamed Vedanta Limited
Sesa Sterlite Limited hereby announces that it has changed the name of the Company from its present name, 'Sesa Sterlite Limited' to 'Vedanta Limited'. The Shareholders of the Company approved the name change of the Company through Postal Ballot, results of which was announced on March 30, 2015....
Govt could likely sell 5% stake in Coal India in FY16, too
Just months after a Rs 22,600-crore disinvestment in the company, Coal India Ltd (CIL) is back in the reckoning for another stake sale, with the government considering selling five per cent in the public sector giant this financial year, it is learnt. The move will reduce the Centre’s stake in the...
Ess Dee Aluminium Ltd clarifies on increase in share price
Ess Dee Aluminium Ltd has clarified with reference to the increase in price. As of now the Company does not have any information / announcement that have a bearing on the operation / performance of the Company which include all price sensitive information in regard to the Company that could have...
Key factors that may drive India Aluminium sector in FY16
The latest report by India Ratings(Ind-Ra) says the operating profitability of domestic aluminium players will remain stable in FY16. The agency expects the rupee-dollar exchange rate to marginally weaken and hover around INR63/USD, helping export sales realisation. The on-going coal blocks...
OARC plans to double output by 2017
Oman Aluminium Rolling Co (OARC) plans to double output by 2017 with shipments to the US, India and Italy. Production will jump to 140,000 metric tonnes of aluminium parts from about 70,000 tonnes last year, Graham Bruce, chief commercial officer, said in an interview at the Aluminium Middle East...
