$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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Hidden energy exports through primary aluminium remain a concern
Consecutive years of below five per cent economic growth and 0.7 per cent contraction of the manufacturing sector last year ensured a 6.2 per cent fall in the country's primary aluminium use to 1.58 million tonnes (mt) during 2013-14. Even while India is to grow at 5.5 per cent in FY15, aluminium...
Government of India to decide the parameters for mining auctions
The new mining Ordinance established by the Union government allows them to set any parameters for bidding of mineral concessions which could be a share in production, payment linked to royalty or any other parameter the Centre sees fit. According to the new Ordinance, the only way for the state to...
BALCO gets state nod to commence new power plant
Bharat Aluminium Company Limited (BALCO), a subsidiary of Vedanta SSLT, announced that it has received approval from the state government of Chhattisgarh, to start a 1,200 megawatts (MW) captive power plant (4 units of 300 MW each). The move will boost BALCO’s annual aluminium production capacity...
Nalco to double wind generation capacity, heads for sustainable growth
National Aluminum Company (Nalco) of India is enhancing its wind power generation capacity by investing around Rs 700 crore. The company has planned to install an additional 100 MW wind power generation capacity to its existing 100 MW capacity. “The project will be set up shortly at a suitable...
India's imports of Aluminum waste and scrap rose 11.76% in Dec '14
InfodriveIndia website, India's premier research company in export import statistics, announced on 15th January 2015 that India's Aluminium and Aluminium Articles imports in December- 2014 has grew to US$ 343.28 M, a increase of 12.75% compared to November 2014. According to them the total value of...
Manaksia aluminium plant at Haldia resumes operations
The Manaksia plant that had issued work suspension notice in November 2014 in Haldia plant, Kolkata, India has announced on January 17, 2015 that they have resumed normal operations at the plant lifting the suspension order. In early November, the plant had shut down as a result of worker agitation...
India aluminium scrap prices show mixed trend
According to Scrap Register, aluminium scrap prices in India witnessed a mixed trend on Tuesday, while the future price at Multi Commodity Exchange (MCX) dropped to INR 112 per kilo gram. Indian aluminium scrap prices showed a mixed trend on Scrap Register Price Index as on Tuesday. Scrap prices of...
India Coal auction may see strong bidding from Aluminium companies: ICRA
Aluminium companies having large smelters at advanced stages are likely to bid more aggressively in the upcoming India coal block e-auction than the cement and steel sector players, whose margins have similar (but lower than that for aluminium) level of coal price sensitivity, according to a report...
The President of India passes the Ordinance allowing auction of mineral mines
The President of India, Pranab Mukherjee, has passed the Mines and Minerals (Development and Regulation) Amendment Ordinance 2015, on Monday evening which now allows the auctioning of the mineral mines, including bauxite and iron ore, similar to the recent coal mine auction that will enable a fair...
Aluminium down by 1.3% on overseas trend
Aluminium futures prices fell 1.35% to INR 109.35 per kg today as speculators reduced positions amid a weak trend in base metals at the London Metal Exchange. At the Multi Commodity Exchange, aluminium for delivery in January lost INR 1.50 paise, or 1.35%, to INR 109.35 per kg, with a business...
The cancellation of coal blocks likely to raise Hindalco’s cost of production
Market analysts predicts that Hindalco Industries is likely to suffer higher production costs after the Supreme Court cancelled the four coal blocks, Mahan, Tubed, Talabira-1 and Talabira-2 allocated to the company. Hindalco had been enjoying a low average production cost, among the lowest in the...
Aluminium futures weaken on global cues
Aluminium futures traded a shade lower at INR 113.40 per kg in futures trade today as participants reduced their exposures amidst weak global cues. Besides, sluggish demand in the domestic spot markets also weighed on the metal's price. At the Multi Commodity Exchange, aluminium for delivery in...
District collector suggests queue system to truck owners for bauxite transportation
When the District Collector of South Goa, Venancio Furtado heard of the row over bauxite ore transportation from a mine in Betul on Monday, he immediately directed the two fighting parties to establish a queue system for transportation. Furtado heard the argument from both parties and assured them...
“Aluminium is a green metal and it is going to replace a lot of other materials in many places”, Mr. Niu Heng, Senior Manager, Chalieco
Mr. Niu Heng is the senior manager of China Aluminum International Engineering Co. Ltd (Chalieco). He has almost 26 years of experience in the non-ferrous metals industry and more than 10 years of working relationship with Indian Aluminium Industry. He started with international technology and...
Heavy Engineering Corporation may build parts for BrahMos
Heavy Engineering Corporation (HEC) here is all set to manufacture components for the supersonic cruise missile BrahMos. The country's biggest integrated engineering complex is in the final round of talks with the Defence Research and Development Organisation (DRDO) and is likely to bag the order...
Govt approves ordinance for mines allocation
The government on Monday approved amendments to the near six-decade-old mining and minerals development and regulation (MMDR) act through the ordinance route, paving the way for auction of minerals such as iron ore, bauxite and limestone. The auction route first introduced in coal mining does away...
Aluminium up 0.4% on spot demand, global cues
Aluminium futures were marginally up by 0.38% at INR 118 per kg today amid a rising demand at spot markets and a firming trend overseas. At the Multi Commodity Exchange, aluminium for delivery in February moved up by 45 paise, or 0.38%, to INR 118 per kg, with a business turnover of five lots....
IDCO allots 8,066 acres of land for Vedanta, Hindalco projects
The Industrial Infrastructure Development Corporation (IDCO), which is the nodal agency for land acquisition for various projects in the state, has already allotted 8,066 acres of land for proposed aluminium projects in the state. “We have allotted 8,066 acres of land for the proposed projects in...
