H1 2026 sees more renewable energy than ever: Here’s a region-by-region guide to renewable energy supply in the recent past
In the first half of 2025, humanity generated more electricity from renewables than from coal for the first time ever. What led to it? It was possible only because of two decades of falling solar panel prices, taller wind turbines, and governments finally treating clean power like an economic...
$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...
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Aditya Aluminium powers Odisha villages with solar lights
Although the government has been making conscious efforts to reach electricity to more people in rural areas, it has failed to make as much impact as it would have liked. Rural areas usually suffer on account of poor and underdeveloped transmission infrastructure and adequate distribution capacity...
Steel and aluminium compete for auto space
The geographical shift in steelmaking capacity to emerging economies since the 70s has now picked up greater force in the automobile sector. In the global steel production of 1.607 billion tonnes (bt) in 2013, the share of Asia (1.08 bt) was 67.3 per cent, thanks largely to China, with output of...
Hindalco surges; CLSA says stock could double in 4 years
Hindalco Industries Ltd surges after CLSA upgrades the stock to "buy" from "sell" and raises its target price to 215 rupees from 110 rupees. CLSA says Hindalco's subsidiary Novelis Corp "will be a big beneficiary of the accelerating shift of global automakers from steel to aluminium given its...
NALCO Reiterates its Commitment to Supply Hot Metal to Angul Aluminium Park
National Aluminium Company Limited (NALCO), the Navratna PSU under the Ministry of Mines, Govt. of India, reiterates its commitment to supply hot metal to the proposed Angul Aluminium Park, which is a Joint Venture Between NALCO and Odisha Industrial Infrastructure Development Corporation (IDCO)....
India hoping for aluminum demand to bounce back
It may have plateaued in the last three years, but analysts are hoping that India’s aluminum demand will grow in the current fiscal year. Demand for aluminum in India is tied into growth in infrastructure, power facilities, consumer durables and automobiles. The country’s demand for aluminum has,...
Union Minister to work for setting up bauxite factory
Union Minister of State for Social Justice and Empowerment Sudarshan Bhagat has said he would make efforts in setting up a bauxite factory in Lohardaga. Lohardaga is rich with bauxite. I will try to bring bauxite factory in the district, Bhagat, who represents Lohardaga constituency, told reporters...
China turns to India, Australia to fill gap for bauxite
China’s imports of bauxite from India and Australia increased in May as buyers in the biggest consumer of commodities sought to fill the gap caused by Indonesia’s ban on shipments. Bauxite shipments from Australia rose 21 percent from April to 1.24 million tons. Indonesia accounted for more than 10...
Pressure on profitability of aluminium producers to continue
The power and automobile segments are expected to propel a slight recovery in domestic aluminium demand in 2014-15 after it shrank in 2013-14 on the back of stifled demand from these key end-user sectors, but profitability of domestic players will remain under pressure due to high input costs....
Aluminium Association of India organizes Seminar on Aluminium in Building & Construction
Aluminium Association of India (AAI), an apex body of all aluminium industries in the country, is organizing a One Day Seminar on Aluminium in Building & Construction with the support of International Aluminium Institute, European Aluminium Association, The Aluminium Association, Japan Aluminium...
Idco urges Nalco to commit raw material support for aluminium park
After the Centre’s nod to provide Rs 43 crore for the aluminium park coming up at Angul, the Odisha Industrial Infrastructure Development Corporation (Idco) has sought firm commitment from National Aluminium Company (Nalco) to provide raw material support to the downstream units to be located in...
Government initiates valuation process for Balco stake sale
Going ahead with the residual stake sale in Balco, the government on Thursday started the process of valuation of its 49 per cent stake in the company. The Department of Divestment (DoD) has invited proposals from merchant bankers or chartered accountant firms with experience in handling valuation...
Aluminum rising, production cuts creating demand
A strong demand outlook for aluminum will offset oversupply and lend support to prices in 2015, according to Caroline Bain, senior commodities economist at Capital Economics. BNAmericas reported that the aluminum market has been in surplus from 2007 to the present due to large increases in capacity...
Vedanta seeks SEZ sops to run aluminium plant
Sesa Sterlite Ltd (SSL), a unit of London listed mines and metals major Vedanta Resources Ltd, has urged the Odisha government to extend the benefits under the state's SEZ (Special Economic Zone) policy to run its idle aluminium SEZ at Jharsuguda. It may be noted that the state government had...
Kerala govt says no to bauxite mining in the state
Kerala government has made it clear they haven’t changed their decision of not allowing mining of bauxite at Kadaladipara in Kasargod district. Replying to a submission in this regard in the Assembly, Industries Minister P K Kunhalikutty said necessary order in this regard would be issued. After...
Angul Aluminium Park gets Central nod
The Central Government has sanctioned establishment of an aluminium park at Angul with an estimated cost of `125 crore. The project is expected to attract investment worth `500 crore in the initial phase. Official sources said the apex committee on Modified Industrial Infrastructure Upgradation...
India e-scrap volumes set to grow
Discarded electronics are poised to provide a growing source of secondary commodities within India, according to a recently published report by TechSci Research called India E-Waste Management Market Forecast & Opportunities, 2019. Noida, India-based TechSci Research says India’s e-scrap market “is...
Geeta Aluminum inaugurates new showroom in Mumbai
Geeta Aluminium (established in 1964), a flagship company of Geeta Group of companies primarily engaged in the domains of marketing, distribution and fabrication of aluminium windows & doors has opened its fifth showroom at Charni Road in Mumbai today. The showroom consists of a range of aluminum...
Ashapura Minechem to buy Orient Abrasive for INR 400 Crore
Multi-mineral solutions provider Ashapura Minechem is set to acquire BSE listed Orient Abrasive for INR 400 crore, according to two people close to the negotiations. Bombay Minerals, a wholly-owned subsidiary of Ashapura Minechem, has agreed to buy the 25.52 per cent promoters' stake in Orient...
