India's ₹9,150b power grid push could drive new aluminium demand
India's planned transmission investment and renewable-energy expansion could lift aluminium consumption in electrical applications to 4 million tonnes by FY30. India's push to expand its electricity transmission network is emerging as a major potential growth driver for aluminium, with the...
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...
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Base metals prices, stocks on LME show negative trends
Base metals prices on the London Metal Exchange (LME) showed negative trends, with zinc recording the highest drop of 2.76 per cent d-o-d. Meanwhile, inventories at LME-registered warehouses witnessed outflows, except for nickel stocks, which increased by 1.21 per cent d-o-d. COMEX market update...
Shares of CPC manufacturer Goa Carbon surge owing to Bilaspur unit resumption
Shares of Goa Carbon Ltd, a leading Indian manufacturer of calcined petroleum coke (CPC), a crucial raw material for the aluminium and steel industry, surged by 9.4 per cent on Thursday during trading on the Bombay Stock Exchange (BSE), reaching an intraday high of INR 762.5 per share. The rally...
Base metals prices on LME show positive trends, stocks remain stable
Base metals prices on the London Metal Exchange (LME) showed positive trends, with zinc increasing by 1.07 per cent d-o-d. Meanwhile, inventories at LME-registered warehouses remained stable d-o-d. Additionally, LME was closed today due to the New Year holiday. COMEX market update Copper prices on...
Bauxite boom: The non-ferrous raw material tops Indian Government's production record for FY24
India's bauxite mining sector reports growth in the non-ferrous segment, accounting for 23.93 million tonnes of output in FY 2023-2024. Production until April 2024 has been 86 thousand tonnes greater Y-o-Y. Since the past five fiscal years, bauxite mining has seen an overall steady boost,...
Indian aluminium microcap firm reaches a new 52-week low share price
An Indian microcap entity dealing in the aluminium product business has recently reached a new 52-week low, with its share price dipping to INR 8.92 (USD 0.10) on January 2, 2025. IGC industries' such stock performance has nudged shareholders to follow the 'strong sell' advice of the analysts and...
Waaree Energies to supply bifacial solar modules for 150 MW renewable power project
Waaree Energies Ltd., India's largest solar PV module manufacturer and a prominent player in the global energy transition, has announced securing an order to supply solar modules for a major 150 MW renewable power project. According to a company statement, the contract involves delivering Waaree's...
Gravita India shares surge 3% following the launch of its aluminium recycling operations in Ghana
Gravita India Limited is one of the leading global recycling companies known for its expertise in recycling aluminium scrap, used batteries, and lead scrap. More recently, it saw a surge of 3 per cent in its stock during the day's trade. Why the 3% surge The reason behind this stock surge can be...
VR Infraspace Ltd sees a 5% share jump following the announcement of its entry into aluminium manufacturing
VR Infraspace Limited, an Indian-based company engaged in the construction and development of residential and commercial properties, has experienced a 5 per cent increase in stocks following its announcement to acquire a 70 per cent stake in Daxon Aluminium Private Limited for only INR 56,000...
JSW MG Motor India kicks off the new year with a bang: 55% surge in December sales
JSW MG Motor India on the first day of the year has declared a 55 per cent upsurge in sales at 7,516 units in December 2024, Y-o-Y (sales last year was close to 3400 units in December). The company has witnessed recor-breaking Electic Vehicles (EV) sales in December and NEV (new energy vehicle)...
Visakhapatnam Port Authority targets bauxite, manganese and fertilizers after a record cargo year
Visakhapatnam Port Authority (VPA), strategically located on India's East Coast, has ushered in the New Year with a remarkable achievement, underscoring its growth momentum. The port, a cornerstone in Visakhapatnam's transformation from a modest fishing village into a bustling metropolis, has...
NALCO celebrates 2024 with new milestones - fourfold growth in net profit and 97% production capacity achievement
National Aluminium Company Limited (NALCO), a 'Navratna' company under the Schedule 'A' category of CPSEs, is on the way to adding one more year of experience to its four decades of excellence in the mining, metal and power industries. Established on January 7, 1981, NALCO has evolved over the past...
Shareholders alert: Aluminium share updates, both domestic and international, might need your attention!
Aluminium trading prices have remained stable at INR 241.4 (US$2.82) in India as on December 30, 2024 and while the prices have not changed, key data indicates an underlying tension in the market due to supply and demand dynamics. According to the International Aluminium Institute (IAI), global...
Oppo Reno 13 series 5G to mark its debut in India with aerospace-grade aluminium
The Oppo Reno 13 series 5G is set to launch in India in January 2025, following the success of its predecessor, the Reno 12 series. The upcoming flagship lineup will consist of the Reno 13 5G and the Reno 13 Pro 5G. Designed for durability, the Reno 13 series is said to incorporate a premium...
Hindalco secures Meenakshi Coal Mine allocation to boost resource securitisation and deliver cost advantage
Hindalco Industries Ltd., the Aditya Birla Group’s metals flagship, has achieved a significant milestone with the allocation of the Meenakshi Coal Mine in Odisha through a vesting order by the Ministry of Coal. This development follows the successful signing of the Coal Mine Development and...
MAAN Aluminium sees a 3% jump in shares following new press commencement
MAAN Aluminium Limited, one of the pioneers in the Indian aluminium extrusion industry, has experienced a 3 per cent jump in shares following the commencement of commercial production at the newly installed 30 MN short stroke back loading press. Image Source: LinkedIn, MAAN Aluminium Ltd The new...
Know what to expect from Vedanta’s revised demerger plan, scheduled in January 2025
Vedanta Limited has brought a different plan for its demerger scheme, which is to retain the base metal business under the parent company's umbrella. So, instead of six separate companies, billionaire Anil Agarwal-led Vedanta will demerge into five distinctive entities – Vedanta Limited, Vedanta...
Utkal coal block lease enhances NALCO's fuel security
National Aluminium Company (NALCO) has signed a mining lease deed for the amalgamated Utkal-D and Utkal-E coal blocks in Angul district, Odisha. The announcement was made in an exchange filing after trading hours on December 24, 2024. As one of Asia's largest integrated primary aluminium producers,...
China’s primary aluminium imports demonstrate a rising trend annually through November 2024
Based on the General Administration of Customs data, the Shanghai Metals Market revealed that November primary aluminium imports were 13.8 per cent down month-on-month but 22.5 per cent up year-on-year. According to SMM, China’s imports of primary metal in November were 150,700 tonnes, which...
