$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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NALCO to announce Q2 results on Nov 12, 2014
A meeting of the Board of Directors of National Aluminium Company Ltd will be held on November 12, 2014, to take on record the Unaudited Financial Results of the Company for the quarter ended September 30, 2014 (Q2). Shares of NATIONAL ALUMINIUM CO.LTD. was last trading in BSE at INR58.95 as...
The local aluminium utensils industry needs Haryana government support
In Jagadgri, Haryana, aluminium utensils are falling back in the competition with other low-cost options gaining popularity like stainless steel. This has limited the capacity utilization to 60 percent in the last few years with only a small cluster of aluminium utensils manufacturers amounting to...
UAE relieved of safeguard duties due to be imposed by India
In a report released by His Excellency Abdullah Sultan Al Shamsi, the assistant Undersecretary of Industry in the Ministry of Economy, he stated that the Government of India had started an investigation on 7th April 2014, regarding import of aluminium ingots from UAE to India. The root of the...
Aluminium ingot exports to India will not face duties or compensation fees
The Ministry of Economy announced on Sunday that following Indian authorities’ investigation into the UAE’s aluminium ingot exports to India will not result in the imposition of any duty or tariff. Abdullah Sultan Al Shamsi, Assistant Under-Secretary for Industry in the Ministry of Economy, said...
Ess Dee Aluminium Ltd conferred with 2 awards for Projects in Six Sigma
Ess Dee Aluminium Ltd has been conferred with two prestigious awards by the International Convention on QC Circles, 2014 under the categories - Reduction in Waste and Reduction in downtime. The Company won the Silver Award for both their projects in Six Sigma. Shares of ESS DEE ALUMINIUM LTD. was...
Aluminium prices fall echoing global market trends
Taking weak cues from global markets, aluminium prices fell 0.29% to INR 121.15 per kg in futures trade on Wednesday as speculators trimmed positions. Further, sluggish demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in...
Vedanta’s bauxite mining survey in Koraput district stopped due to local protest
Vedanta had proceeded to survey the land at Danga Deula hill in Koraput district along with officials from the mining department on Friday but was forced to stop their survey work due to opposition from the villagers. Vedanta’s mining plans are not going well as they have already been refused...
Aluminium down by 0.9% on global cue
Aluminium prices fell 0.88% to INR 117.70 per kg in futures trade today as speculators offloaded their positions amid weak cues from global markets. Further, sluggish demand in the domestic spot markets weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in October...
Lack of clear pricing policy deterring investors from investing in Angul Aluminium Park
There is uncertainty revolving around investors willing to contribute towards Angul Aluminium Park (AAP) due to the lack of a clear pricing policy. This park is meant to be the first of its kind venture in the subcontinent where there will be infrastructure support and facilities to directly...
Nalco chief: PESB recommends T K Chand's name
The Public Enterprises Selection Board (PESB) has recommended RINL Director T K Chand's name for appointment as Chairman and Managing Director of aluminium maker Nalco. Chand would succeed Anshuman Das as the head of Odisha-based aluminium maker Nalco, if the government approves his name after...
IDCO seeks pricing details from NALCO on metal supply
Odisha Industrial Infrastructure Development Corporation (IDCO) has asked the National Aluminium Company (NALCO) to declare pricing details of the metals supplied to the industrial units at an aluminium park at Angul, Business Standard reported. In a letter to NALCO, Vishal Dev, CMD, IDCO, said...
Novelis boost likely for Hindalco
After negative news on coal blocks, bauxite mining, etc, Hindalco’s investors have something to cheer about. The performance, as well as estimates, for US-based Alcoa for the September quarter means Hindalco’s international subsidiary (Novelis) could also post better than expected earnings for the...
Aluminium foam for blast proof buildings fetches award for Neeri scientist
National Environmental Engineering Research Institute (NEERI) scientist, Manmohan Goel has won the young scientist award from the Council of Scientific and Industrial Research (CSIR) for his work on use of an indigenous light weight material (aluminium foam) to develop blast resistant buildings....
Tomar looking to bring industrialization to Madhya Pradesh
The union minister of steel and mines, Narendra Singh Tomar, has promised to set up aluminium refinery and steel plant in Madhya Pradesh to give a push to the industrialization of the state. He also aims to conduct geo chemical and physical survey of minerals to take a positive step towards mining....
Vedanta Resources publishes production Release for the Second Quarter and Half Year ending 30 September 2014
Vedanta Resources publishes production Release for the Second Quarter and Half Year ending 30 September 2014. The company posts the following update on the Aluminium segment. The Lanjigarh alumina refinery operated above 90% of its rated capacity and produced 226,000 tonnes in Q2. The numbers for...
Durga Puja at Utkal Alumina plant site draws thunderous applause
With the perfect combination of stage decoration and laser lights, lavishly decorated puja pandals adding to the festive mood and roadside delicacies that one can experience only at the fairs and ceremonial events puja pandal at Doraguda based Utkal Alumina plantsite filled with thunderous applause...
Vedanta embarking on doubling alumina refining capacity in Odisha
Azad of the Niyamgiri Suraksha Samiti said the authorities at the public hearing didn't record the tribals' objections and neither did it meet other norms for such hearings. What Azad and other critics of the project, such as Amnesty International, ask is where will Sesa Sterlite get the bauxite...
SC order to derail Vedanta's plans to raise power capacity
Anil Agarwal-owned Vedanta group’s plans to become a formidable player in the power sector will suffer a major setback due to unavailability of coal after the Supreme Court judgement last week. The Supreme Court had cancelled coal blocks allocated to two group companies — Balco and Sterlite Energy...
