DriveSys Systems Private Limited has acquired additional land in Maharashtra to expand its aluminium project. The company is a wholly owned subsidiary of ZF Steering Gear. The company has acquired Plot No. E-10, covering around 25,882 sqm, at Supa Parner Industrial Park in Ahilyanagar district. The...
The European Union (EU) is preparing a broader restriction on aluminium scrap exports to non-Organisation for Economic Co-operation and Development (OECD) countries, replacing an earlier trade proposal that would have covered only part of the bloc’s scrap flows. The move could largely impact...
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After years of anticipation, TVS has finally stepped into the adventure segment with Apache RTX. Launched at an introductory price of INR 1.99 lakh (ex-showroom), the motorcycle marks a major step for the homegrown manufacturer. The RTX is built to go the distance — literally and figuratively....
The Chhattisgarh High Court has made a significant ruling regarding Bharat Aluminium Company Limited (BALCO), focusing on whether Input Tax Credit (ITC) can be claimed on the Compensation Cess charged on imported coal. The Chhattisgarh High Court has turned down BALCO's appeal, stating that the...
Mineral Exploration & Consultancy Limited (MECL) has lately started with exploratory drilling for bauxite and other minerals in the Dhrang Block of Kutch District, Gujarat. This initiative is part of the Baghewala Project, which is also supported by the National Mineral Exploration Trust (NMET) and...
Solex Energy signs MoU worth $61M with Zelestra Group for high-precision solar modules Gujarat-based solar manufacturer Solex Energy has recently signed a new contract valued at approximately USD 61.3 million. The deal involves supplying high-end solar modules to Zelestra Group, a renewable energy...
Vedanta's Chairman, Anil Agarwal, recently reached out to Odisha's Chief Minister, Mohan Charan Majhi, to rally support from the state government for speeding up regulatory approvals and moving forward with Vedanta's ambitious USD 20 billion aluminium project. This conversation highlights the...
Nupur Recycling Ltd, New Delhi, has announced to start its operation in Tycod Autotech Pvt. Ltd in Haryana next month. The company's emphasis on metal scrap processing and the manufacture of aluminium extrusion products has acquired the plant for INR 240 million (USD 2.7 million). The expansion...
As India accelerates its transition to clean energy, Serentica Renewables and MRF Limited have joined forces to develop a major hybrid renewable energy facility. The 170-MW hybrid renewable energy facility will supply green power directly to MRF Limited, a tyre-making firm. The project will combine...
Vedanta Aluminium’s subsidiary firm Bharat Aluminium Company Limited (BALCO) has achieved a major milestone with the first metal output from India’s most advanced 525 kilo-ampere (kA) smelter. This is quite a strategic drive that makes BALCO’s goal of producing one million tonnes of metal a...
NTPC Limited, India's largest integrated power utility company, has signed a memorandum of understanding (MoU) with the Gujarat government to explore opportunities across conventional and non-conventional energy sectors. The agreement reinforces the shared commitment of the state and central...
Hindustan Construction Company (HCC) has secured a contract worth approximately USD 24.4 million from Hindalco Industries. The project involves the fabrication of post shells and superstructures, and other crucial components that play a critical role in aluminium production facilities. The new...
The Indian domestic beer industry is currently facing a challenging situation with a significant shortage of aluminium cans and there are worries about how this might impact its growth. In light of these challenges, the Brewers Association of India (BAI) has reached out to the government, asking...
Marco Cables & Conductors Limited have recently secured a purchase order of INR 132.2 million (USD 1.4 million approx) from an undisclosed domestic client for supplying aluminium cables of various shapes and sizes. It is anticipated that the deal will be executed within the next eight months....
Maan Aluminium Ltd is gaining the attention of investors as its stock continues to experience steep price moves and conflicting technical signals. A microcap in non-ferrous metals, the company's shares are trading at INR 112.20 (USD 1.34), a gain from the last close of INR 106.90 (USD 1.28). The...
Vedanta Aluminium has announced plans to expand its all-women locomotive team at Jharsuguda aluminium smelter in Odisha by the end of this year. This is the extension of the company’s ongoing efforts to foster inclusivity and promote women’s leadership in the traditionally male-dominated industrial...
The global aluminium industry is going through an exciting transformation as companies focus on sustainability, innovation and circular practices. With a shift towards low-carbon production, the use of renewable energy, cutting-edge recycling technologies and impressive safety achievements,...
The IBAAS–IMMT–IIM 2025 conference in Bhubaneswar, held from October 8 to 10, brought together researchers, policymakers, and industry veterans from around the world to talk about the future of aluminium. It wasn’t just another technical meet. It felt more like a statement — that India is ready to...
India’s top tyre maker, MRF Limited, is stepping firmly into the green energy space with a INR 990 million investment to acquire a 26 per cent stake in Serentica Renewables India Private Limited. The transaction signifies a defining point in MRF's decarbonisation strategy as the automotive industry...
India’s leading integrated aluminium producer, National Aluminium Company Ltd (NALCO), recorded 11,005,871 shares on October 8, with a total turnover of approximately INR 244.13 million (USD 27.5 million). The stock opened at INR 218.15 (USD 2.456) and climbed to an intraday high of INR 223.23...
