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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Nalco simmers down its smelter as LME prices stay low
Sitting on rich resources of bauxite and coal, Odisha is an ideal centre to produce aluminium, the domestic demand for which is to continue to grow at an annual rate of at least eight per cent. Odisha has a share of 1.81 billion tonnes (bt) of the country's bauxite deposits of about 3 bt. The state...
SM Consultants to prepare lay-out of Nalco park
City-based SM Consultants has been engaged to prepare the lay-out plan for the aluminium park at Angul being developed jointly by National Aluminium Company (Nalco) and Odisha Industrial Infrastructure Development Corporation (Idco). A special purpose vehicle called Angul Aluminium Park Pvt Ltd...
NALCO may invest $811 million to boost its alumina refining capacity
National Aluminium Co. (NALCO), India’s biggest state-owned producer, may invest INR 50 billion ($811 million) to boost its alumina refining capacity and revive earnings that are forecast to slide to a three-year low. The company will enhance its annual ability to process alumina by 43 percent to...
Odisha govt submits reports to Centre on 12 village councils in Niyamgiri
Odisha government submits Centre reports on 12 village councils, held in Rayagada and Kalahandi dists to decide Vedanta's mining plan in Niyamgiri. The report will be submitted at the Supreme Court. The state government had conducted village councils complying with the decision of the Supreme...
Vedanta expects scaling up India power generation capacity to 10,000 Mw in a year
London-listed metals and mining conglomerate Vedanta Resources Plc expects its operational power generation capacity in India to jump by over a half to 10,000 Megawatt (MW) within a year. The $15 billion group is hopeful of bringing three operation-ready projects on stream shortly, completing its...
Ess Dee Aluminium updates on dividend payment date
Ess Dee Aluminium Ltd has informed BSE that due to some technical problems the dividend declared by the members at Annual General Meeting of the Company for the financial year ended March 31, 2013 will be paid on October 03, 2013 instead of October 01, 2013 through NECS facility of Payment and...
National Aluminium Company to pay Rs 322.15 crore as dividend to govt.
Aluminium giant National Aluminium Company Ltd (Nalco) has announced a total dividend payout of 25 per cent, amounting to Rs 322.15 crore for 2012-13, as against 20 per cent paid in the previous year. Announcing this after the Annual General Meeting of the company here, National Aluminium Company...
Vedanta looks beyond Niyamgiri for bauxite supplies
After 12 village councils completely rejected bauxite mining in the Niyamgiri hills, Vedanta is now looking beyond the area to source raw material for its Rs. 5,000 crore Lanjigarh alumina refinery in Odisha and is hopeful of securing an alternate mine soon. "Niyamgiri was a very small deposit and...
“Infrastructure, Electrification and Downstream Applications to Boost the Aluminium Market in India”
<p><strong>“On a longer term, I’m still very bullish about the Indian market... There are two things that will boost the aluminium market: one is India’s focus on electrification and infrastructure and second is when companies like Hindalco will develop the downstream capacities...
Asia Pacific to record the highest growth in aluminium over 2012-2017
APAC emerges as the greatest potential market during the forecast period. The growing markets of China and India are expected to continue witnessing growth in the aluminum industry. Higher demand from key consuming end user markets, such as construction, automotive, consumer durables, and packaging...
Vedanta confident of getting alternative mine for Niyamgiri project
Though all 12 village council voted against allowing Anil Agarwal’s Vedanta Aluminium to mine bauxite in Niyamgiri, the Vedanta Group executive chairman remains optimistic the Orissa government will soon allot another mine for the 1-million-tonne (to be expanded to 5) refinery. There is a lot of...
3-Month price of aluminum falls 1.2% for the week
The week’s biggest mover on the weekly Aluminum MMI was the 3-month price of aluminum, which saw a 1.2 percent decline on the LME to $1,784 per metric ton. This comes on the heels of a 0.5 percent increase the week before. The cash price of primary Indian aluminum dropped 0.9 percent this week,...
Promoters hike stake in Hindalco industries to 37%
The promoter group companies of the Aditya Birla Group have hiked their stake by nearly 5% in Hindalco Industries Ltd, the metals flagship company of the group and world’s largest aluminium rolling company. The promoter group companies, controlled by group chairman Kumar Mangalam Birla, converted...
NALCO Q2 profit jumps 37 times on operational performance
National Aluminium Company (NALCO) reported strong numbers with the second quarter (July-September) net profit growing 37.3 times year-on-year to INR 179 crore on operational performance. Strong results were on the back of higher coal linkage in Q2, Ansuman Das, CMD said. He feels strong...
Hindalco shares up after conversion of warrants by promoters
Industries rose 0.22% to INR 114.50 at 13:59 IST on BSE after the company said that the promoter group companies have converted 15 crore warrants into equity shares at INR 144.35 per share. The announcement was made after market hours on Friday, 20 September 2013. Meanwhile, the S&P BSE Sensex was...
Odisha plans bauxite prospecting at five places
The state geology department has identified five places in Koraput and Kalahandi districts to carry out prospecting operation for bauxite, as part of its long-term plan to boost proven bauxite reserves in the state. "For 2013-14 field season (Nov-May) we have proposed to carry out prospecting...
Indian, LME aluminum prices drop
Canadian Bombardier Inc. put its stake in the ground to challenge Boeing and Airbus by flying its C Series plane for the first time. “However, the post-flight press conference also highlighted the risks surrounding the project, with several questions focusing on whether the aircraft would meet the...
Indian Aluminium producers unnerved by falling price
Their low costs notwithstanding, Indian aluminium makers are treading on thin ice of profitability. Aluminium is trading at a four-year low on the London Metal Exchange (LME). At these prices, large swathes of global aluminium capacity are not recovering cash costs. If the industry here has managed...
