September purchases take Eskay Aluminium’s Sacheta Metals holding to 132,310 shares
Eskay Aluminium Pvt Ltd has obtained 881 shares of Sacheta Metals Ltd through an open-market transaction, taking its total holding in the aluminium company to 132,310 shares. The acquisition was completed on September 8, 2026, and disclosed under Regulation 29(2) of the SEBI (Substantial...
NALCO picks EGA’s DX+ Ultra for 0.5 MTPA Angul aluminium smelter expansion
National Aluminium Company Limited (NALCO) has signed a Technology Licensing Agreement with Emirates Global Aluminium (EGA) to deploy EGA’s UAE-developed DX+ Ultra aluminium smelting technology at its proposed 500,000 tonnes per annum (MTPA) brownfield smelter expansion at Angul, Odisha. The...
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Vedanta's demerger deadline moved to September 30: what’s the reason?
The demerger date for Vedanta is now set for September 30 instead of March 31. In an exchange filing on Friday, March 28, the Anil Agarwal-led company announced that the deadline had been extended due to pending approvals from the National Company Law Tribunal (NCLT) and other government bodies,...
Structural recovery in aluminium processing PMI for March — Peak season demand fails to mask concerns over high aluminium prices and export pressures
According to data from SMM, China’s aluminium processing industry composite PMI index for March 2025 stood at 61.6 per cent, remaining above the boom-bust line. Driven by the traditional peak season and policy tailwinds, the domestic aluminium processing industry showed structural recovery in March...
Investment clearance worth INR 1.65 lakh crore for alumina, aluminium and other sectors in Odisha, India
High-Level Clearance Authority (HLCA) of Odisha, on March 28, 2025, sanctioned the investment proposal of a total INR 1,65,303 crore (USD 19.35 billion) under Chief Minister Mohan Majhi's chairmanship in a bid to boost the state's overall industrial landscape. The investment shall stretch across...
Mumbai to Pune in just 25 minutes: Hyperloop to change the face of Indian railway’s travel time
IIT Madras has become the nerve centre for Hyperloop development in India, igniting debates about when this futuristic mode of transport will be commercially available. Backed by L&T Technology Services, the institute has constructed a 500-metre-long test facility for its Hyperloop pod prototype, a...
Vedanta supplements rail infra in Lanjigarh to back 5 MTPA refinery expansion
In an initiative to curtail its carbon footprint, Vedanta Aluminium — a subsidiary of Vedanta Limited, has constructed a 13.4 km long new railway line, which will ensure wholesome raw materials and derivatives transportation by rail. India’s leading aluminium production company, Vedanta Aluminium,...
Sundaram-Clayton sells Hosur aluminium-die casting unit for INR 163 Crore
Sundaram-Clayton Ltd (formerly Sundaram-Clayton DCD Ltd) has announced the sale of its aluminium die-casting business at the Hosur plant to Gurgaon-based Sandhar Ascast Private Ltd. The procedure was followed by a Business Transfer Agreement valued at INR 163 crore. The company stated that this...
India: BALCO trims aluminium P1020 ingot prices by INR 3,750/t ($43/t); NALCO cuts primary aluminium ingot prices by INR 8,900/t ($103/t)
BALCO, one of India's leading aluminium producers, has reduced prices of its primary aluminium P1020 (99.7 per cent) ingots by INR 3,750/tonne ($43/tonne), effective March 26, 2025. Balco's revised prices are at INR 267,000/tonne (USD 3,113/tonne), down from INR 270,750/t (USD 3,156/tonne) on March...
India: Imported aluminium scrap prices decline w-o-w tracking LME movements
India's imported aluminium scrap prices dropped by up to USD 75/tonne w-o-w following a decline in LME prices. However, buyers awaited further price corrections. BigMint's benchmark assessment for Tense scrap originating in the US was at USD 1,945/tonne (t), decreasing by USD 15/tonne w-o-w, while...
Alumina futures rebound slightly spot continues a downward trend
SMM Alumina Morning Comment 3.25 Futures: The most-traded 2505 alumina contract opened at RMB 3,075 per tonne, reached a high of RMB 3,015 per tonne, a low of RMB 3,069 per tonne, and closed at RMB 3,074 per tonne, up RMB 1 per tonne or 0.04 per cent. Open interest was 214,000 lots. Ore: As of...
Shyam Metalics: UBS sees 35 per cent upside — Time to buy?
Global brokerage UBS has placed a bullish bet on Shyam Metalics Limited, predicting a 35 per cent upside from its previous closing price. The firm has maintained a ‘buy’ rating on the stock, setting a target price of INR 1,175 (USD 13.73) per share, compared to its last close at INR 869.3 (USD...
World Water Day: Vedanta Aluminium recycles 16 billion litres of water in FY25
Vedanta Aluminium, India's largest aluminium producer, recycled approximately 16 billion litres of water across its operations in FY25, marking a significant milestone in its sustainability journey. For context, this quantity is roughly equivalent to 6,400 Olympic-size swimming pools. With a water...
Meeting scheduled: India to negotiate before US reciprocal tariff commissions on April 2
India has taken a step ahead to negotiate terms with the United States this week as the date for reciprocal tariff implementation, as announced by the US federal government, is approaching soon. To make things official of the proposed bilateral trade agreement (BTA), the teams from both nations are...
AL Circle x CETIZION Verifica: Internet of Things is indeed a strong pillar of sustainability and ESG initiatives
AL Circle presents an enriching conversation with Ganga C Sharma, Managing Director & CEO of CETIZION Verifica Pvt Ltd, wherein he shares his personal views on the sustainability practices of the Indian and global aluminium industry. According to Mr Sharma, India is leading by example, and the...
Import losses widen, net imports of primary aluminium plunged Y-o-Y in January-February
Primary aluminium imports: According to data from the General Administration of Customs, domestic primary aluminium imports in January 2025 were approximately 161,000 tonnes, almost flat M-o-M and down 34.8 per cent Y-o-Y; in February, imports were about 200,000 tonnes, up 24.0 per cent M-o-M and...
Aluminium alternative to replace copper cables, rescuing Mumbai road project from theft threats
The frequent dose of theft from Mumbai coastal road has proven heavy on Bombay Municipal Corporation's pocket and subsequently led to the authority in deciding to go for aluminium cables. Reason? They are affordable and are less likely to be picked by thieves. The prior installation of copper...
Hindalco unveils plans to invest INR 45,000 crore ($5.22 million) in aluminium and copper, leaving share price up
Thursday, March 20, marked a significant milestone for the Indian aluminum industry. NALCO reported a 2.1 per cent growth in a single day, while Kumar Mangalam Birla-led Hindalco unveiled plans to invest INR 45,000 crore (USD 5.22 million) in its aluminum and copper segments. Image source: Hindalco...
Attention! NALCO sees a strong rebound, with a 2.1% growth in just one day
National Aluminium Company Limited (NALCO) has outperformed its sector, reaching an intraday high of INR 192.15 at 1:00 PM on Thursday, March 20. This surge in stock price signals strong long-term growth potential for the company. Additionally, NALCO's attractive dividend yield offers shareholders...
Vedanta’s ‘green aluminium plant location’ almost ready for reveal ahead of demerger commissioning
Vedanta Limited, a massive player in the Indian aluminium industry, is one step closer to announcing its site for what the brand mentions as the world’s first 100 per cent green aluminium manufacturing plant, shares Group Chairman Anil Agarwal in a media interview. He has delineated the company’s...
