Uno Minda plans INR 14.15bn capex as aluminium casting capacity jumps 162%
Uno Minda is set to invest around INR 14.15 billion (USD 147.51 million) across four manufacturing expansion and consolidation projects, with a major portion of the spending directed towards increasing its aluminium casting capacity in Hosur, Tamil Nadu. The automotive components maker plans to...
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...
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Sapa Heat Transfer renamed Gränges
A venerable brand is resurrected when Sapa Heat Transfer changes its name to Gränges. As part of the restructuring of the Sapa Group, the business area that manufactures rolled aluminium material for the global heat exchanger industry becomes a separate company with its own brand. The new Gränges...
India’s Nalco sells 5,000 tonnes of aluminium at $230/t premium
India’s National Aluminium Co (Nalco) sold 5,000 tonnes of aluminium ingot at a premium of $230 per tonne over LME cash price on a Singapore cif basis, according to two trader sources familiar with the deal. Nalco’s tender, that closed last week, was for delivery of 1,250 tonnes of aluminium per...
Aluminium down 0.1% on global cues
Taking weak cues from global markets, aluminium prices fell to INR 108.05 per kg in futures trading today as speculators offloaded their positions. Further, sluggish demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for December...
Aluminium futures fall 0.30 per cent on global cues
Aluminium prices fell by 0.30 per cent to INR 107.95 per kg in futures trading today as speculators offloaded their positions driven by weak global trend on supply outlook. At the Multi Commodity Exchange, aluminium for delivery in December declined by 40 paise, or 0.30 per cent, to INR 107.95 per...
Vedanta chairman regrets $8 billion Aluminum project in India
Billionaire Anil Agarwal, who controls London-based Vedanta Resources Plc (VED), said he regrets investing $8 billion in an aluminum complex in India that’s faced a shortage of raw materials. “I could either invest in Vedanta Aluminium or I could have bought Asarco,” Agarwal said in an interview...
Aditya Aluminium asked to return land
IDCO has asked the Aditya Aluminium to return 135 acres of land acquired by it for its green field project of Aluminium Park at Lapanga after the State Government did not give its approval to the project. The issue came to light after Aditya Aluminium sought permission to acquire 22.69 acres which...
FLIR thermal cameras help Indian aluminium industry optimize production
The Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) is employing FLIR thermal cameras to help the Indian aluminium industry save energy and optimize the production process. Welcomed by the Indian aluminium production industry, the established JNARDDC institute is also...
IBAAS-CHALIECO symposium inaugurated by CHALIECO President on 28th Nov in Nanning, China
IBAAS-CHALIECO symposium on ’Present Status and Future Prospects of Bauxite- Alumina-Aluminium Industry of the World, with Special Reference to China’ is inaugurated by Mr. He Zhihni, President CHALIECO on 28th November in Nanning. He talked about the spectacular growth of aluminium industry in...
Aditya Birla Group plans to hike stake in Hindalco
Home-grown conglomerate Aditya Birla Group aims to hike stake in group companies. CNBC-TV18 learns from sources the AB Group may spend Rs 6,000 crore for stake hike. It is looking to hike stake in Hindalco and Grasim to 40-45 percent. As of June 30, 2013, promoters' holding in Hindalco stood at 33...
Vedanta urges Odisha govt for bauxite mining lease to L&T
Vedanta Resources Plc Chairman, Anil Agarwal, accompanied with L&T chief A M Naik, today met Chief Minister Naveen Patnaik to press for early disposal of L&T’s application for grant of mining lease for Sijumali and Kutrumali bauxite mines as both the companies have entered into a pact to operate...
India's NALCO bags EEPC Export Award
National Aluminium Company Limited (NALCO), the Navratna PSU and India’s leading manufacturer-exporter of alumina and aluminium, has bagged the EEPC (Engineering Export Promotion Council, Eastern Region)’s Gold Trophy, as Top Exporter in the Large Enterprise Category, for its outstanding export...
Aluminium down 0.4% on global cues
Aluminium futures prices fell by 0.41% to INR110.65 per kg today as speculators offloaded positions driven by weak global trend. At the Multi Commodity Exchange, aluminium for delivery in December declined by 45 paise, or 0.41%, to INR 110.65 per kg in business turnover of 13 lots. Similarly, the...
Legal experts favour L&T, Vedanta JV on bauxite mining
Vedanta’s bid to secure alternate bauxite supply for its Lanjigarh refinery through a joint venture with L & T has received shot in the arm with several legal luminaries ruling out any legal hurdle in realisation of the proposal. Vedanta had entered into JV with L&T, which held prospecting licence...
Aluminium futures rise on spot demand, overseas cues
Aluminium prices edged up by 0.18% to INR 108.90 per kg in futures trade today as participants enlarged positions, supported by a firming overseas trend. Strong demand in the spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in November inched up by...
Maan Aluminium net profit declines 21.43% in the September 2013 quarter
Net profit of Maan Aluminium declined 21.43% to Rs 0.11 crore in the quarter ended September 2013 as against Rs 0.14 crore during the previous quarter ended September 2012. Sales rose 19.20% to Rs 25.33 crore in the quarter ended September 2013 as against Rs 21.25 crore during the previous quarter...
Aluminium down by 0.1% on global cues
Aluminium prices fell marginally by 0.05% to INR 110.50 per kg in futures trading today as speculators offloaded their positions, tracking a weak trend in the global markets amid subdued domestic demand. At the Multi Commodity Exchange, aluminium for delivery in November eased by five paise, or...
Nalco temporary mining permit extended for 3 months
The Union Ministry of Environment and Forests (MoEF) has extended the one-year temporary working permit (TWP) of aluminium major Nalco for three months for operating the central and north block of Panchpatmali mines at Damanjodi in Koraput district. The Union Ministry of Environment and Forests...
New metro line opens in Gurgaon, India
Services commenced on a new 6.1km, six-station metro line in Gurgaon, India, on November 14, which links Gurgaon Cyber City, which is located 30km south of central Delhi, with Delhi metro Line 2 at Sikandepur. The line, which forms a loop north of Sikandepur serving businesses and facilities in...
