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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Assam to host 200 MW of clean energy projects led by Ratul Puri’s INR 620 crore investment
Hindustan Power, a leader in renewable energy focusing on the Indian market, has signed a Memorandum of Understanding (MoU) with the Government of Assam to invest INR 620 crore (US$ 70.96) in renewable energy projects. The company, led by Ratul Puri, signed the MoU for its upcoming 100 MW battery...
UltraTech Cement enters wires & cables market, announces $200 million investment
The Mumbai-headquartered Indian multinational cement company UltraTech Cement has announced its foray into the wires and cables segment with a planned investment of around USD $200 million (₹1,800 crore) to establish a manufacturing facility in Gujarat. On February 25, 2025, the Aditya Birla...
Maan Aluminium hits a new 52-week low after falling by 12.6% since February 25
Maan Aluminium Limited, a manufacturer and trader of aluminium profiles, has reached a new 52-week low, signalling industry volatility and underperformance. Performing below average in the aluminium sector by 3.63 per cent, Maan’s stock price has hit as low as INR 85.2 (US$0.98). Maan’s stock has...
Four-digit profit from just 10 units of Vedanta’s shares? Discover the mid-term outlook…
There is a projection looming that Vedanta’s share price will jump to a target price of INR 600 (US$6.87) following the group’s demerger plan to be executed by the first quarter of FY2025-26. This estimation will most likely materialise, if not by the end of this year, then within the next two. The...
CBAM vs. FTA: India’s balancing act to tackle climate costs and trade deals with EU
India is walking a razor’s edge. On one side, the promise of a Free Trade Agreement (FTA) with the European Union (EU) — a gateway to stronger economic ties. On the other, the looming shadow of the Carbon Border Adjustment Mechanism (CBAM) — the EU’s carbon tariff that threatens to squeeze India’s...
India trade update: Hindalco, Nalco, Vedanta lose stock value while others follow suit
This week, stocks of three Indian aluminium giants, Hindalco, NALCO and Vedanta, have slid downwards for two consecutive sessions. On February 25, shares of Nalco fell 10 per cent in two single-day trading sessions, whereas Vedanta and Hindalco lost 5 per cent to 7 per cent, respectively. Other...
A new hero in the AL business — wire rods grasp the global market, India’s notable footprint has not gone unnoticed
Aluminium wire rods may not grab headlines daily, but they are the silent workhorses powering everything from the lights in our homes to the vehicles on the road. These cylindrical rods, celebrated for their high conductivity, strength, and adaptability, are vital to electrical transmission...
‘Speed but not haste’: India and UK renew their trade vows after eight-month pause
India and the UK have resumed negotiations for a free-trade agreement (FTA) after an eight-month break on Monday, February 24, with the two sides of the table focussing on a triple hike in bilateral trade with a ‘mutually beneficial and forward-looking’ deal by going past tariff and non-tariff...
Hindalco signs MoU to invest ₹15000 crore in aluminium capacity expansion in Madhya Pradesh
Hindalco has announced that it will invest INR 15,000 crore (USD 1.81 billion) in the Indian state of Madhya Pradesh to expand the company’s aluminium smelting capacity in both current and new sites. The investment was announced at the Madhya Pradesh Global Investors Summit 2025 in Bhopal after...
Can India’s ‘zero-for-zero’ approach tackle US reciprocal tariffs? Here’s its context, impact and more...
A Global Trade Research Initiative’s (GTRI’s) flagship report on Friday has put the spotlight on a plethora of possibilities for the Indian Government to tackle US President Donald Trump’s reciprocal tariffs that can potentially hit the Indian trade setup hard enough. One of which has pulled many...
Indian carbon market coming by 2026, will the aluminium sector fall under its scope?
India is set to launch its much-anticipated carbon market by 2026, Union Power Minister Manohar Lal announced on February 21, 2025. This initiative will be a game-changer for Indian industries, particularly exporters, as they strive to align with global carbon emission standards. By helping...
India’s largest infrastructure giant, Larsen & Toubro, clinches major alumina refinery deal
In a major development, Larsen & Toubro (L&T), India’s largest listed infrastructure firm, has announced that its Minerals & Metals (M&M) business vertical has secured a significant order from Hindalco. The contract involves the engineering, procurement, construction, and installation (EPCI) of an...
NALCO reveals detailed plan for its INR 30,000 crore expansion plans — following five years deemed crucial
NALCO’s announcement of INR 30,000 crore (USD 3.45 billion) investment in aluminium business expansion brought to the public by Union Minister of Coal & Mines and Parliamentary Affairs, Pralhad Joshi, is its first major capex in recent times, including setting up an INR 17,000 crore (USD 1.95...
Board of Directors approves sale of SCL’s aluminium-die casting business in Hosur
Sundaram-Clayton Ltd (SCL), a leading automotive components manufacturer, announced that its Board of Directors has approved the sale of its aluminium die-casting businesses at the Hosur plant to third-party buyers. The decision was made during a board meeting on Wednesday, February 19. Image...
Each tonne of aluminium manufactured through recycling results in saving of 5-6 tonnes of bauxite, 1-1.5 tonnes of limestone, 20-25 tonnes of water and ~14000 kwh of energy: Mohan Agarwal, MD, CMR Green Technologies
Mohan Agarwal, Managing Director, founded CMR Green Technologies in 2006 with a single plant. Today, the company has grown to 12 plants across India. CMR is a pioneer in the industry to scale up, and over the past few years, it has expanded its metal recycling capacity to over 418,000 tonnes per...
BIS raids aluminium casting factory in Karnataka, seizes 5000 unlicensed products
Officials from the Bureau of Indian Standards (BIS) raided Ibex Engineering Pvt. Ltd. on Monday, sealing the factory for operating illegally for the past two years. The company, engaged in aluminium casting for manufacturing, storing, and selling aluminium cast products, had been operating without...
Vedanta Aluminium pioneers AI-driven mining safety with real-time drone surveillance in Odisha
Vedanta Aluminium, India’s leading aluminium manufacturer, launched an AI-powered drone system at its Jamkhani coal mine in Odisha. The drone, which started operations on February 13, 2025, provides a real-time solution for blasting clearance and danger zone monitoring. Image Source:...
Alumina: production cut news from some northern plants causes limited supply disruption
Futures market: Last Friday's night session saw the most-traded alumina 2505 contract open at RMB 3,346 per tonne, reaching a high of RMB 3,414 per tonne and a low of RMB 3,335 per tonne, before closing at RMB 3,368 per tonne, up 0.66 per cent. Open interest stood at 166,000 lots, down 4,000 lots....
