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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Legality of bauxite mining comes under scanner in Goa, India
The legality of bauxite mining at Nakeri-Betul has now come under the scanner of the south Goa district administration following clashes between groups of truckers engaged in the transportation of bauxite ore from the mine to the Mormugao port trust (MPT) over some transportation issues. South Goa...
Aluminium futures trade higher on spot demand
Aluminium prices traded marginally higher by 0.27 per cent to INR 113.20 per kg in futures trading today as speculators created fresh positions after pick up in demand in the spot market. At the Multi Commodity Exchange, aluminium for delivery in November edged up by 30 paise, or 0.27 per cent, to...
Nokia 515 feature phone with anodised aluminium body launched in India
Nokia has launched its latest feature phone in the Indian market, the Nokia 515. The Nokia 515 is now available on Nokia's online store; however, the device is currently out of stock. The Finnish handset maker unveiled the 515 back in August, earlier this year. The Nokia 515 was launched in two...
Aluminium up 0.1% on global trends
Aluminium prices today rose marginally by 0.18% in futures trade mostly in line with a firming trend in global markets. Besides, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, aluminium for delivery in November rose by 20 paise, or 0.18%, to INR...
Tata Solar Completes 10-Megawatt Plant for Jindal Aluminium
Tata Power Solar Systems Ltd., a unit of India’s biggest industrial group, completed a 10-megawatt photovoltaic plant for Jindal Aluminium Ltd. Jindal Aluminium will sell power from the project at 8.25 rupees a kilowatt-hour to Bangalore Electricity Supply Co. under a 25-year contract, Tata Power...
2014 Range Rover sport SUV with aluminium unibody launched in India
The new 2014 Range Rover Sport with lightweight aluminum unibody architecture and carrying a price tag of INR1.09 crore has been launched in India. With a redesigned exterior, the 2014 Sport costs INR1.65 crore for the higher-end 5.0L V8 SC petrol variant and INR1.09 crore for the 3.0L Diesel SDV6...
Vedanta Aluminium aims to triple capacity despite alumina shortage
Vedanta Aluminium Ltd will triple its capacity by 2015 to 2.3 million tonnes to cater for an expected surge in demand in India, its managing director said, even though its inability to source enough alumina at home has forced it to import the raw material. The company, a unit of London-listed...
Vedanta seeks partial de-notification of Jharsuguda SEZ
Vedanta Aluminium Ltd (VAL) that is struggling to commission its 1.2 million tonne aluminium smelter at its Jharsuguda Special Economic Zone (SEZ) for want of alumina, has sought partial de-notification of the zone’s non-processing area. Responding to VAL’s request, the Odisha government has...
Hindalco to buy coal from other sources
The company may have to look for other options because its Talabira coal mine Stage-II has not yet received approval from the Union environment ministry Industry major in aluminium and copper, Hindalco Industries will have to buy coal from other sources at a very high cost for its aluminium project...
Tribal welfare body bans bauxite mining in Vizag, India
The decision by the AP Tribes Advisory Council not to allow bauxite mining in the Vizag Agency might be the last nail in the coffin for the long-pending controversial issue in this part of the state. The Council passed a unanimous resolution on Tuesday banning bauxite mining. Cancellation of lease...
Nalco's alumina exports marked a 50% rise in the first half
State-run National Aluminium Co's alumina exports in the first half of the current fiscal vaulted 50 per cent from a year ago, mainly on account of the capacity expansion undertaken by the company. In the six months to September, Nalco exported 638,000 tonnes of alumina compared with 425,000 tonnes...
"Low cost production areas will be the growth areas in the near term: The Simonsen Brothers"
“We do not think there will be any dramatic change in the LME situation in the near term…But I must say that the low cost production areas will be the growth areas…” Mr. Morten Simonsen, Managing Director, Mr. Klaus Simonsen, Technical Director, Simonsen, Denmark. AlCircle Team had the opportunity...
Aluminium down 0.4% on overseas trend
Aluminium futures prices fell by 0.40% to INR 112.85 per kg today as speculators trimmed positions amid a weak trend in metal at the London Metal Exchange. At the Multi Commodity Exchange, aluminium for delivery in October lost 45 paise, or 0.40%, to INR 112.85 per kg, with a business turnover of...
Vedanta seeks shareholder support for buyouts in Hindustan Zinc & Balco
Vedanta Resources PLC issued a circular Monday, that seeks to extend shareholder support for its proposed purchase of the Indian government's minority stakes in Indian zinc producer Hindustan Zinc Ltd. and aluminum company Bharat Aluminum Co. Ltd. Vedanta called upon its shareholders to back a...
INR 15,000 cr alumina project to come up in Gujarat
An alumina plant and aluminium smelter project worth INR 15,000 crore would be set up near Mundra in Kutch district of Gujarat, Union Minister of State for Mines Dinsha Patel said today. "The plant will come up near Mundra in Kutch district of Gujarat. It is a joint venture between National...
Utkal Alumina unable to transport alumina due to pending rail link permission
The Hindalco group company, Utkal Alumina International Limited (UAIL), which started alumina production from its plant in south Odisha about four months ago, is unable to transport the material to its end use plants pending permission from the railway authorities to operate the rail link. “About...
Vedanta's Jharsuguda aluminium smelter lies idle
The woes of Vedanta, which has invested Rs 45,000 crore in the aluminium and power sectors in Odisha, is not limited to the denial of bauxite from the Niyamgiri hills for its Lanjigarh refinery alone. While all the attention is focused on the agitations against bauxite mining at Niyamgiri, another...
Hindalco Industries witnessed a rise of over 44 per cent in less than three months
Aluminium major Hindalco Industries witnessed a phenomenal rise of over 44 per cent in less than three months along with other metal counters. The rally has been mainly due to reports of pick up in economic activity in China and hopes of recovery in the US and Europe. According to analysts,...
