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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Vedanta Resources plc rating lowered to neutral at Goldman Sachs (VED)
Vedanta Resources plc was downgraded by investment analysts at Goldman Sachs to a “neutral” rating in a note issued to investors on Tuesday. They currently have a GBX 1,000 ($16.82) target price on the stock. Goldman Sachs’ target price would suggest a potential downside of 5.57% from the company’s...
India's Nalco in talks for JV in Oman, say reports
National Aluminium Company Limited (Nalco), a government of India enterprise, is in talks with six countries, including Oman, for the setting up of smelter units through joint ventures (JV), according to recent reports in the Indian media. According to a news brief posted on Nalco's website, the...
Amtek Auto to raise fresh funds
Arvind Dham-led automotive component supplier Amtek Auto Ltd, which counts ChrysCapital as a shareholder, has decided to raise money by way of issuing shares through a qualified institutional placement or other instruments, according to a stock market disclosure. The PE-backed company obtained its...
Vedanta puts Lanjigarh alumina refinery expansion on hold
Vedanta Resources has put on hold a five-fold expansion plan of its Lanjigarh refinery in Odisha even as it is mulling sourcing bauxite from other sources away from Niyamgiri Hills to feed existing and future operations. “With regard to the expansion project at Lanjigarh, the company’s fresh...
Aluminium futures slide 0.38 pc on weak demand
Aluminium prices declined by 0.38 per cent to INR 105.25 per kg in futures trade today as speculators reduced positions amid weak demand in the spot market. At the Multi Commodity Exchange, aluminium for delivery in May traded lower by 40 paise, or 0.38 per cent, to INR 105.25 per kg in a business...
Odisha hopes to settle tax row with Nalco, SAIL soon
The Odisha government and two Central PSUs — National Aluminium Company (Nalco) and Steel Authority of India Ltd (SAIL) today agreed to resolve the dispute over tax arrears thorough mutual discussions in two months. The two Central PSUs had gone to court, challenging the power dues slapped on them...
Seminar on aluminium in building and construction in Bangalore, India
The construction sector in India is projected to emerge as the largest end use sector for Aluminium. It is a major contributor to the country’s GDP (8% in FY12) and one of the largest employment generators currently employing around 33 million people. While the Indian economy grew by 5% in FY13 as...
Ess Dee Aluminium enters into tie-up with Germany’s Chemnitz University for R&D in packaging
Ess Dee Aluminium, a leading manufacturer of primary packaging material for pharma and FMCG segment has entered into an agreement with Germany's Chemnitz University of Technology for co-operation in research in the field of packaging and aluminium foils. The tie up aims to improve the existing...
Aluminium up 0.4% on firming overseas trend
Aluminium prices today rose by 0.38% to INR 104.85 per kg in futures trade as speculators enlarged positions amid a firming trend overseas. Besides, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, aluminium for delivery in May rose by 40 paise, or...
Aluminium up 0.2% on firming overseas trend
Aluminium prices today rose by 0.28% to INR 106.50 per kg in futures trade as speculators enlarged positions amid a firming trend overseas. Besides, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, aluminium for delivery in May rose by 30 paise, or...
Kumar Mangalam Birla said to target record aluminum production
Hindalco Industries Ltd, India’s second-largest aluminum producer, is targeting a record output of the lightweight metal this fiscal year to resurrect earnings estimated to have plunged to the lowest in nine years. Billionaire chairman Kumar Mangalam Birla plans to raise production by more than 50%...
Odisha presses Nalco for aluminium supply contract with Midal Cables
The state government has asked National Aluminium Company (Nalco) to initiate steps for executing a metal sales agreement with Bahrain-based Midal cables, which intends to set up its wire rod factory in the state in the proposed aluminium park. The industry department had to intervene as Nalco has...
Nalco plans to raise aluminium output
Witnessing demand recovery, state-owned National Aluminium Company Ltd (Nalco) has planned to marginally increase its aluminium output. The company had early this week reopened 10 aluminium-producing pots at its Angul smelter in Odisha. Last fiscal, Nalco had reduced its capacity utilisation by a...
Sesa Sterlite produces 794000 tonnes of aluminium in FY 2014
Sesa Sterlite has come out with its production for the fourth quarter and financial year ending 2014. The company has reported that the total Aluminium production for FY 2014 was 794000 tonnes in financial year ending 2014, compared to 774000 tonnes in the year 2013. Alumina production was 524000...
India launches safeguard investigation on imports of unwrought aluminium
The World Trade Organisation (WTO) has informed that India has launched a safeguard investigation to determine whether increased imports of unwrought aluminium is causing a threat or is adversely impacting the prospects of the domestic industry. According to WTO, India notified the Commitee on...
ALUCAST INDIA 2014 to be held in December at Bangalore
ALUCAST INDIA is a registered trade body that has emerged as a resource center for the existing and prospective members on global trends and techniques and is a shared platform for all Indian Casters for sharing matters of interest and concerns. The ALUCAST is hosting its annual mega event; ALUCAST...
Aluminium marginally up in futures trade
Aluminium futures rose marginally by 0.14 per cent to INR 110.55 per kg today as speculators enlarged exposures on pick-up in spot demand and a firming trend in base metals overseas. At the Multi Commodity Exchange, aluminium prices for delivery in April traded higher 15 paise, or 0.14 per cent, at...
Indian aluminum producers look to safeguard against Chinese imports
Faced with increase in cheaper imports of ingots some of India’s aluminum producers now demand a safeguard duty, but cheaper aluminum auto component imports continue to worry Indian domestic producers. The ugly specter of cheap imports has raised its head in India’s aluminum sector once again,...
