India’s electronics aluminium demand to grow 10.18% CAGR: Why aren’t makers benefiting from strong domestic production?
India’s aluminium smelters operate with some of the highest margins in the value chain, at around 10 per cent, but this profitability is not reflected among downstream manufacturers, where margins are closer to 5 per cent. These companies convert the metal into finished products such as heat sinks,...
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...
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Gandhamardan Hills declared off-limits for bauxite mining activities by Odisha govt.
In a decisive statement on November 27, 2024, the Odisha state government categorically dismissed allegations that it plans to permit bauxite mining in the ecologically sensitive Gandhamardan Hills, spanning Bolangir and Baragarh districts. As published on the website of DrugControl Media Services...
India: Imported aluminium scrap prices remain largely stable w-o-w amid declining LME levels
Imported aluminium scrap prices in India remained firm, with few grades edging lower by up to 1.5 per cent w-o-w. BigMint's benchmark assessment for tense scrap originating from the UAE stood at $1,800/tonne (t), firm w-o-w, while zorba 95/5 from the UK stood at $2,110/t, stable w-o-w, both prices...
Vedanta Aluminium strengthens biodiversity and carbon reduction efforts in Odisha with PwC partnership
Vedanta Aluminium, India’s largest aluminium producer and a leader in sustainable development, has reinforced its position as an environmental leader by spearheading impactful biodiversity and carbon reduction initiatives in Odisha through a strategic partnership with PwC India. This collaboration...
'Odisha Metals & Mining Conference' by ASSOCHAM unfolds domestic mining market through industry experts
A conference titled 'Odisha Metals & Mining Conference' hosted by ASSOCHAM on Thursday, November 21, in Bhubaneswar, Odisha, was aimed to encourage all stakeholders to explore the potential of the metals & mining sector for Sustainable & Inclusive Growth. Involving all the major stakeholders of...
Upstream Weekly: Oman advances ambitious aluminium industry cluster in Suhar; Vedanta partners with GAIL to power Jharsuguda smelter with natural gas
The global aluminium industry is witnessing significant developments as key players take steps towards sustainability and economic growth. Oman, the oldest independent state in the Arab world, is moving forward with plans to establish an Integrated Economic Cluster for Aluminium Industries in...
Hind Aluminium reports an improved Q2 results, with a 44% rise in net sales
Hind Aluminium, an Indian manufacturer of aluminium & alloy conductors and aluminium wire rods destined for a wide range of power transmission and distribution applications, has announced its September quarter (Q2) FY2024-25 results, announcing a surge in net sales and profit after a dip in the...
India: Aluminium ADC12 alloy ingot prices inch up w-o-w on rising raw material costs
India's ADC12 non-OEM prices experienced a slight rise of INR 1,000/t ($12/t) w-o-w due to higher raw material costs. However, demand for aluminium ADC12 remained sluggish in the domestic markets of Delhi-NCR and Chennai. BigMint's benchmark assessments for ADC12 (non-OEM) grade stood at INR...
Viva shares future vision at Prawaas 4.0; showcases some of its frontline innovative products
VIVA Composite Panel Pvt. Ltd., Asia's largest aluminium composite panel (ACP) manufacturing company, has stood out with its innovative products in the Prawaas 4.0 exhibition. With a present production capacity of 12 million square meters per annum, VIVA aims to become a pan-India leader in the bus...
Premier Energies to foray into aluminium frame manufacturing business with INR230 crore
Several Indian solar manufacturers, having delved into solar module and cell production, are now expanding into in-house aluminium frame manufacturing, a crucial component of solar modules. Among them, Premier Energies, a prominent producer of solar modules and cells, has pledged an investment of...
ZAK Aluminium Extrusions Expo 2024: Showcasing innovations in aluminium industry
The much-awaited ZAK Aluminium Extrusions Expo 2024 is set to take place from 5th to 7th December 2024 at Pragati Maidan, New Delhi. Organised by ZAK Exhibitions and Conferences, the event will serve as a leading platform for showcasing the latest advancements in aluminium extrusion technology, die...
Servotech to lead a 2 MW on-grid solar power project in UP, supporting India’s green energy transition
Servotech Power Systems Limited (SPSL) has secured a contract for a 2-megawatt (MW) on-grid solar project from the Uttar Pradesh Government. According to the company's statement, the project has been awarded by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA). Image Source-...
NALCO, Hindalco, Vedanta experience share surges following China’s decision to revoke export tax rebates: Know why?
China’s decision to revoke tax rebates on aluminium has caused two opposite reactions in the global market. On the one hand, it has brought a frown to global downstream producers and end-user manufacturers in anticipation of a limited supply of metal and higher prices; on the other, it has brought...
Upstream Weekly Recap: Hindalco, Alba & NALCO report strong financial performance
Aluminium is a vital element of the global economy, and the growing demand for green metal underscores its enduring importance. Despite challenges and occasional disruptions, the market's need for sustainable aluminium continues to thrive. Significant developments have occurred in the upstream...
NALCO posts stellar performance for Q2 FY2025, with net profit growing 415% Y-o-Y
National Aluminium Company Limited (NALCO), the Navratna CPSE under the Ministry of Mines, has announced the second quarter fiscal results for FY2024-25, wherein it has posted a fourfold growth in net profit. From INR 206 crore (US$24.4 million) in Q2 FY2023-24, the company’s net profit this year...
Court rules in favour of BALCO; says vanadium sludge exempt from royalty
In a significant judgment, the Chhattisgarh High Court in India has quashed the Korba Collector's (the highest officer of the revenue department in the district) order that imposed a hefty royalty of INR 863.18 lakh (USD$ USD 1.04 million) on Bharat Aluminium Company (BALCO) Limited for vanadium...
Indian aluminium industry urges again for higher import duty. Will the government pay ears?
The Indian aluminium industry has once again knocked the government to remind about the increase of import duties on primary and downstream aluminium and to raise customs duty on aluminium scrap to restrict the inflow of low-quality scrap into the country. This urge to the government time and again...
Goyal Aluminiums posts a 75% surge in net sales for September quarter
Goyal Aluminiums Limited, a leading manufacturer of aluminium coil, aluminium sheets, aluminium sections and other aluminium parts, has announced its second quarter results ended September 30, 2024, revealing a 75 per cent surge in net sales. From INR 12.39 crore (US$1.47 million) in Q2 FY2023-24,...
Loop 80: Alumil’s new global benchmark in energy efficient aluminium production & sustainability
Alumil India, the wholly-owned subsidiary of the Alumil Group, has launched Loop 80, a groundbreaking certified aluminium product containing 80 per cent recycled material, setting a new global standard for sustainability. This follows the success of Loop 60, the company's first certified recycled...
