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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Hero Group’s auto component firm Rockman to buy majority stake in Sargam Diecastings
Rockman Industries Ltd, a part of Hero Group, has entered into a definitive agreement to acquire majority stake in Chennai-based Sargam Diecastings Pvt Ltd from Sargam Metals Pvt Ltd for an undisclosed amount. Through this acquisition, Hero Group will mark its entry in Tamil Nadu. Incorporated in...
Aluminium futures up 0.33 pc on overseas trend
Aluminium prices today rose by 0.33 per cent to INR 105.60 per kg in futures trade mostly in line with a firming trend in the global markets. Besides, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, Aluminium for delivery in February rose by 35...
Cash price of primary Indian aluminum rises 2.2%, China mixed
Rising 2.2 percent to close, the cash price of primary Indian aluminum experienced the biggest change for Monday, February 17. On the LME, the primary aluminum cash price inched up 1.5 percent to $1,710 per metric ton. On the LME, the aluminum 3-month price increased 1.2 percent to $1,750 per...
Aluminium futures rise by 0.57%
Supported by a firming trend overseas and domestic demand, aluminium futures prices today edged higher by 0.57 per cent to INR 106.55 per kg as speculators created positions. At the Multi Commodity Exchange, aluminium for delivery in February traded up by 60 paise, or 0.57 per cent, to INR 106.55...
Hindalco Q3 net down 23% to INR 334 crore
Hindalco Industries' net profit for the third quarter ended December was INR 334 crore, down 23% compared with INR 434 crore a year ago, hurt by weak demand for aluminium and higher taxes. Analysts were expecting a standalone net profit of INR 364 crore, according to a poll conducted by Bloomberg....
Shiloh Industries plans $7.8 million investment in Indiana
Auto supplier Shiloh Industries Inc. of Valley City said its Shiloh Die Cast Midwest subsidiary plans to spend nearly $8 million to expand two Indiana plants to support new increased demand from automakers for advanced lightweighting technologies. The company will invest $7.8 million to renovate...
Balco stake sale gets nod
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved residual stake sale by the government in Vedanta-owned Bharat Aluminium Company (Balco). The move could fetch about Rs 3,000 crore to the exchequer at a time when the finance ministry is trying hard to contain the Centre's...
Balco, HZL stake sale may happen only next fiscal
The government's plan to sell its residual stake in Hindustan ZincBSE 0.48 % (HZL) and Bharat Aluminium Company (Balco) may be pushed to next fiscal if the mines ministry continues to dither on the processes for stake sale due to ongoing investigations . Last week, an inter-ministerial group...
Sudal Industries receives “GRANT OF ACCREDITATION”
M/s Sudal Industries Ltd., Nasik received a “Grant of Accreditation” from NABL (National Accreditation Board for Testing and Calibration Laboratories) under the siege of Department of Science & Technology of Govt. of India in accordance with ISO / The accreditation is given to the Laboratory of the...
Hindalco Industries stocks fall after Novelis declares Q3 results
Hindalco Industries fell 1.17% to Rs 105.60 at 10:42 IST on BSE after the company's US subsidiary Novelis reported its Q3 results on Monday, 10 February 2014. Meanwhile, the BSE Sensex was up 71.20 points, or 0.35%, to 20,405.47 On BSE, so far 2.21 lakh shares were traded in the counter, compared...
Indian companies may not gain from global aluminium rally
Investors note, the recent upswing in aluminium premiums in the US and Europe may not benefit Indian aluminium manufacturers - Hindalco Industries and Nalco - as such premiums have been relatively stable in Asia. Aluminium prices on LME continue to be muted with production exceeding demand coupled...
Jaguar’s all aluminium C-X17 Sports Crossover concept makes Indian debut
Ultra-luxurious, five-seater version of C-X17 makes it’s Indian debut at the 2014 Delhi Auto Show, further highlighting the versatility of Jaguar’s sports crossover concept for the urban environment. Introduced at the Frankfurt Motor Show in September 2013, the C-X17 design study showcased Jaguar’s...
Delhi’s Sapa Extrusions plans to expand its workforce
Sapa Extrusions of Delhi, largest private employer in northeastern Louisiana Delta, is planning to expand its payroll. The aluminum manufacturer and Knight Transportation, its contract hauler, have planned a job fair on Feb. 15 to be held at the Delhi Civic Center. There will be 40 new job openings...
Rise of aluminium futures on spot demand, new overseas trend
Aluminium prices rises by 0.43 per cent to INR 104.50 per kg in futures trade today as all participants enlarged positions on a firming overseas trend. Strong demand in spot markets is also responsible for metal prices. At the Multi Commodity Exchange, aluminium for delivery in the month of...
Sapa Profiles eyes acquisitions
Even as it is doubling production at its Kuppam unit, Sapa Profiles India, a leading global manufacturer of aluminium extrusions, is actively scouting for acquisition opportunities in the country. The company is looking to buy firms engaged in the aluminium extrusion business in the northern and...
2014 Audi SQ5 unveiled at 2014 Auto Expo
At the 2014 Indian Auto Expo, Audi India has unveiled the range topping sportier version of the Q5 SUV, called the SQ5. The SQ5 adds to the highly successful Q5 model lineup, which is one of the best selling models for Audi. It is expected that the company will launch the vehicle by the festive...
NALCO sets up second wind power plant in Rajasthan
National Aluminium Company Limited (NALCO) has commissioned its second wind power project at Ludarva in the district of Jaisalmer in Rajasthan. The power plant boosts 47.6 MW capacity. The wind power project worth Rs 283 crore was executed through M/s Gamesa Wind Turbines Private Limited, according...
Primary Indian Aluminum witnesses small drop in price
The day’s biggest mover was the cash price of primary Indian aluminum which dropped by 1.5 percent on Wednesday, January 29 to close. After falling for two days, the primary aluminum cash price rose 0.1 percent on the LME to $1,713 per metric ton. The aluminum 3-month price steadied at $1,757 per...
