$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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Aluminium futures rise on global cues, spot demand
Aluminium prices edged up by 0.61 per cent to INR 122.95 per kg in futures trade today as participants enlarged positions amid a firming trend overseas. Besides, strong demand in spot markets influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in January 2015 inched up...
Bauxite mining supporters come together to push their case
Breaking their silence over stiff opposition to bauxite mining, several technical and mining experts and investors for the first time met in the city recently to justify exploration of bauxite ore in parts of Eastern Ghats with eco-friendly technologies. Their presence in large number, including...
Aluminium weakens by 0.7% on low demand
Aluminium prices fell 0.68% to INR 125 per kg in futures trading today as speculators reduced exposure amid weak demand in the spot market. Besides, a weak trend in base metals in global market influenced zinc prices. At the Multi Commodity Exchange, aluminium for delivery in December traded lower...
IBAAS conference concludes successfully with positive notes for the bauxite & aluminium sector
The 3 day IBAAS Symposium at Vizag comes to an end on 29th November with a number of eminent speakers presenting their technical and marketing papers covering both the upstream and the downstream sector of the aluminium industry. A number of significant issues have been highlighted like the Raw...
AlCircle spends an eventful second day at IBAAS 2014
The second day of IBAAS is running successfully at the Novotel hotel in Vizag, Andhra Pradesh, India. The conference took off yesterday with the inaugural lamp lighting ceremony carried out by the respected guests of honor, Tom Albanese, Soma Mondol, Niu Heng and Anupam Agnihotri from Sesa...
Odisha-based Navratna PSU NALCO Opens New Stockyard at New Delhi
National Aluminium Company Limited (NALCO), the Navratna PSU of Govt. of India, has opened a new stockyard at New Delhi. Ansuman Das, Chairman-cum- Managing Director inaugurated the stockyard on 24th November, in the presence of Ms. Soma Mondal, Director (Commercial), Shri R.N. Lenka, Executive...
India not using domestic bauxite reserves adequately experts say
Tom Albanese from Vedanta Resources gave his key-note address at IBAAS, the International Bauxite, Alumina and Aluminium Society, speaking about how India is lagging behind in the exploitation of bauxite reserves available in the country. There is plenty of good quality bauxite ore in the Andhra...
The Govt. takes a renewed interest in the Angul Aluminium Park
The prospect of Angul Aluminium Park has started to look a little better as the government has taken a renewed interest in the project. It has received approval in principle under Modified Industrial Infrastructure Up-gradation Scheme (MIIUS) of the Department of Industrial Policy and Promotion...
AlCircle witnesses the inauguration of IBAAS 2014 at Vizag
The lamp lighting ceremony officially initiated the three-day conference of International Bauxite, Alumina & Aluminium Society (IBAAS) today which will continue till the 29th of November. Stalwarts from the upstream aluminium industry will meet at the event to discuss the scope of the industry and...
Hindalco waits for the government to reallocate mines
Hindalco Industries has shown promise in the second quarter of this financial year with a hike in the revenues by 36% when compared to last year and 7% when compared to the last quarter. The overall report seemed fine with 66% growth YOY and 20% up from the previous quarter however the net profit...
Indian government to introduce transferability of mines in the MMDR reform
The Central Government aims to improve the Mines and Mineral Development and Regulation (MMDR) Act and is introducing many amendments for that purpose. The most recent plan is to allow transferability of mines by which companies will be able to sell their mines to other companies for all minerals...
National Aluminium Company Ltd appoints Director
Dr. Niranjan Kumar Singh has been appointed as Part-time official Director of National Aluminium Company Ltd with effect from November 12, 2014 vide Order dated November 12, 2014 of Ministry of Mines, Government of India. Shares of NATIONAL ALUMINIUM CO.LTD. was last trading in BSE at Rs.60.8 as...
Nalco standalone quarterly earnings jump 90.57%
National Aluminium Company (Nalco) announced a sharp rise in standalone net profit for the quarter ended September 2014. During the quarter, the profit of the company rose 90.57% to INR 3,415.00 million from INR1,792.00 million in the same quarter last year. Net sales for the quarter rose 14.80% to...
Aluminium producers benefit as premiums soar
As the world aluminium supply continues to tighten, the premiums on the metal continue to rise. Analysts and industry experts believe these premiums will continue to stay on a high, at least for the next two years which is good news for India’s aluminium producers like Hindalco and NALCO. Premiums...
Kerneos to develop a calcium aluminate cement plant in Vizag
By December 2016, a leading specialty cement firm named Kerneos Aluminate Technologies promises to bring its proposed INR 120 crore project to India for producing calcium aluminate cement. The proposed project will be a greenfield unit due to be set up in the Vishakhapatnam region in Andhra...
Govt releases draft of Mines and Minerals (Development and Regulation) (Amendment) Bill
The Mines Ministry, in the Bill to amend the Mines and Minerals (Development and Regulation) Act, has proposed competitive bidding mechanism for allocation of mines for all minerals . According to the draft of the Mines and Minerals (Development and Regulation) (Amendment) Bill, 2014, for bulk...
A look at the future of Indian aluminium die-casting through ALUCAST 2014
ALUCAST 2014, the biggest exhibition in the Aluminium Die Casting industry, is due to be held between 4th to 6th at BIEC, Bangalore. At this exhibitions stakeholders from the die casting industry will come together bringing with them their display of products and services they offer which include...
Aluminium prices fluctuate as China’s factory output growth slows down
The prices of aluminium and copper declined by INR 2 per kg on Thursday in the Indian non-ferrous market due to reduced industrial offtake and an overall weak global trend. According to traders, the reason for the weakened sentiment is the slide of aluminium in the global market as a result of the...
