$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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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...
V. Balasubramanyam taken over as NALCO's new Director (Production)
Shri V. Balasubramanyam, Executive Director (Production), NALCO, Bhubaneswar has taken over as the new Director (Production) of National Aluminium Company Limited, a Navratna PSU of Govt. of India from 1st January 2015 on superannuation of Shri S.S. Mahapatra, on 31st December 2014. After...
Aluminium up 0.3% on global cues, spot demand
Taking positive cues from overseas markets and rising spot demand, aluminium futures prices rose by 0.30% to INR 117.35 per kg today as traders created fresh positions. At the Multi Commodity Exchange, aluminium for delivery in current month moved up by 35 paise, or 0.30%, to INR 117.35 per kg,...
Odisha's Steel and Mines ministry draws on the issue of raw material shortage for end-use plants
With mega industries like steel and aluminium units facing acute shortage of raw materials, the Odisha government has taken steps to tackle the problem by augmenting mineral production. "We are taking necessary steps to ensure availability of adequate raw materials for the industries and meet the...
Anti-dumping case on Hyundai cast aluminium alloy wheels
The Madras high court has declined to terminate the investigation against car major Hyundai Motors India Ltd in connection with imposition of anti-dumping duty on import of cast aluminium alloy wheels from China, Korea and Thailand. Justice V. Ramasubramanian dismissed four petitions from Hyundai...
Aluminium rises on global cues, spot demand
Buoyed by firming trend overseas and rising spot demand, aluminium futures prices rose by 0.25 per cent to INR 118.45 per kg today as traders created fresh positions. At the Multi Commodity Exchange, aluminium for delivery in current month moved up by 30 paise, or 0.25 per cent, to INR 118.45 per...
Sapa extrudes first aluminium MPE in India
Sapa has extruded the first aluminium multi-port extrusion (MPE) from its new press in India. Its aim is to become the preferred supplier of MPEs and drawn tubes for heat transfer applications to automotive and industrial customers in India. The operational milestone comes ahead of schedule, some...
Hindalco loses chance to acquire Mahan and Talabira coal blocks after reallocation
The recent reallocation of mines ordered by the Indian Government has dashed Hindalco’s hopes of bidding for the Mahan coal block to power its smelter as the Coal Ministry has specifically marked it for the power sector. Hindlaco had planned to use the coal from Mahan to power the Mahan Aluminium...
Hindalco Industries shares slump over 5.6 per cent
Shares of Hindalco Industries today plunged over 5.6 per cent amid fresh concerns related to the case of Talabira II coal block allocation to the company. Hindalco's stock tumbled 5.67 per cent to settle at INR 144.70 on the BSE. In the intra-day trade, it had lost 7.49 per cent to a low of INR...
Base metal prices rise on global cues
Base metal prices rose by INR2 per kg at the local non-ferrous market today on increased buying by stockists, tracking a firm global trend. Traders said sentiment bolstered after aluminium rose in global markets on speculation that China will further stimulate the economy and as inventories fell to...
Sesa Sterlite’s Jharsuguda Aluminium smelter wins accolades for energy-efficiency
Energy saving is one of the prime concerns for an aluminium producing company and Vedanta has always laid an special emphasis on it as a result of which, Sesa Sterlite’s Aluminium Smelter Plant in Jharsuguda has been awarded the 1st prize in the prestigious “National Energy Conservation Awards...
Russian mining firm keen on partnership in bauxite sector
Russian metal and mining major Basic Eelement has evinced interest in forging partnership for developing bauxite-related sector in India. Chairman of the supervisory board of Basic Element, Oleg Deripaska, expressed company's interest at a meeting with Steel and Mines Minister Narendra Singh Tomar...
Bauxite transporters complain of partiality towards local truck-owners: Margaon
On Thursday, transportation of bauxite ore from the Naqueri plateau was disrupted as other ore transporters form Quepem, Salcete and Mormugao complained that there was a preferential treatment given to the local Fatorpa-Naqueri belt transporters, depriving the transporters from outside. The...
Aluminium weakens by 0.1% on low spot demand
Aluminium prices traded marginally down by 0.08% to INR 121.25 per kg in futures trading today as speculators reduced exposure amid sluggish demand from consuming industries in the spot market. At the Multi Commodity Exchange, aluminium for delivery in December shed 10 paise, or 0.08% to INR 121.25...
“I as well as Vedanta’s Chairman Anil Agarwal share the same long term vision that everyone nurtures for India, that is, to be one of the most powerful economies in the world…” Tom Albanese, CEO, Sesa Sterlite.
Sesa Sterlite, a Vedanta Group company is a global diversified natural resource conglomerates, with operations across aluminium, zinc-lead-silver, oil & gas, iron ore, copper and commercial power. It was a privilege for AlCircle to speak to Mr. Tom Albanese, Chief Executive Officer and a director...
Jaya Jind Industries tops with ‘Best Foundry 2014 Large Scale Sector’ ALUCAST award
Jaya Hind Industries, the Pune-based aluminium die casting company, has been conferred with the ‘ALUCAST Best Foundry 2014 Large Scale Sector‘ award at the International Exhibition and Conference ALUCAST 2014 held at Bangalore from December 4-6. The international exhibition and conference is a...
Aluminium up by 0.6% on firming overseas trend
Aluminium prices edged higher by 0.58% to INR 122.35 per kg in futures trade today as speculators enlarged positions amid a firming trend overseas. Further, increased demand at domestic spot markets also influenced the prices. At the Multi Commodity Exchange, aluminium for delivery in December...
Indian Mining Ministry adds amendment to make lease renewal quicker
An amendment has been proposed by the Union Ministry of Mines which will allow applicants who are applying for a mining license renewal can move their plea to the Central Government if the State Government fails to respond on the matter within 60 days. The NDA government is trying to pass the Bill...
