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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Uno Minda signs TLA with Inovance Automotive for EV components in India
Uno Minda, a prominent player in India's automotive industry, has recently inked a pivotal Technical License Agreement (TLA) with Suzhou lnovance Automotive Co. of China (lnovance Automotive). This strategic move is set to revolutionise Uno Minda's presence in the electric vehicle (EV) sector...
MAAN Aluminium sees a downturn in Q1 fiscal output, with net profit declining 49.65% Y-o-Y
MAAN Aluminium Limited, a leading aluminium extrusion brand, released its quarterly financial results ended March 31, 2024, reporting a year-on-year 9.69 per cent decline in net sales from INR 262.87 crore to INR 237.40 per tonne. However, on a quarter-on-quarter calculation, MAAN Aluminium’s net...
IIT Madras discovers water droplets can break minerals into nanoparticles
In a groundbreaking achievement, researchers from the Indian Institute of Technology, Madras (IIT-M) have unveiled a pioneering method to break down common minerals into nanoparticles using water microdroplets. This remarkable discovery marks a significant milestone, as it is the first research...
BALCO plans supplying fly ash to UltraTech for low-carbon cement production
Bharat Aluminium Company Limited (BALCO), a venerated entity in India's aluminium sector and an integral part of Vedanta Aluminium, has embarked on a pioneering collaboration with UltraTech Cement Limited to manufacture low-carbon cement. This strategic partnership involves BALCO supplying 75,000...
CavinKare embraces Ball Corp’s aluminium cans for sustainable milkshake packaging
India-based CavinKare has upgraded its Cavin's Milkshakes packaging by partnering with the USA's Ball Corporation, renowned for its sustainable aluminium cans. This strategic move aims to transform the dairy industry, offering consumers an eco-friendly, convenient, and nutritious beverage option....
Visakhapatnam Port Authority sets new records in May'24; Bauxite unloading peaks by three vessels
The Visakhapatnam Port Authority (VPA) has proudly announced a record-breaking performance in May 2024, marking a historic achievement in its 90-year history. This remarkable feat is a testament to the collaborative efforts of VPA and its trading partners. Visakhapatnam Port is one of twelve major...
Hindalco awards Tenova new contract, reinforcing Pomini’s roll grinder leadership
Hindalco Industries Limited has awarded a new contract to Tenova for the supply of a state-of-the-art Roll Grinder. This sophisticated machinery, produced by Pomini Tenova, is destined for Hindalco’s renowned Renukoot aluminium plant in Uttar Pradesh, India. The roll grinder will enhance the...
Spot prices for ADC12 aluminium alloy ingots close at INR216000/t W-o-W
BigMint's assessment indicates a marginal gain of INR 1,000 per tonne for spot prices of aluminium ADC12 alloy ingots, reaching INR 216,000 per tonne week-over-week. Tense scrap prices stood at INR 188,000 per tonne ex-Delhi, reflecting a weekly increase of INR 1,000 per tonne. The scrap-to-ADC12...
Avaada Energy receives INR 315 crore financing for captive solar project in Karnataka
Avaada Energy, a prominent player in the renewable energy sector, has successfully secured INR 315 crore financing from Aseem Infrastructure Finance Ltd (AIFL) for a significant solar project in Karnataka. This move marks a notable advancement in India's infrastructure debt financing and highlights...
JSW Group pioneers domestic production of zinc-magnesium-aluminium coated steel products in India
JSW Steel has introduced an innovative product named Magsure, a zinc-magnesium-aluminium alloy-coated steel. This specialised steel is designed for use in highly corrosive environments. It is ideal for various applications, including steel structures in solar installations, silos, guard rails, and...
Rico Auto secures land for strategic expansion amidst challenging financial condition
Rico Auto Industries, a distinguished Gurugram-based supplier of machined components and assemblies, specialising in aluminium and ferrous materials, is making strategic moves to bolster its future growth. Recently, the company secured a leasehold of 12.31 acres at the SIPCOT Industrial Park in...
Solex Energy's strategic leap to enhance solar module production encourages Chinese intervention
Solex Energy, a prominent player in India's solar energy sector, has embarked on a transformative journey to significantly boost its manufacturing capacity. The Surat-based company has forged strategic partnerships with Chinese entities GMEE SC Solar and ATW to procure state-of-the-art...
NALCO posts a remarkable 101.5% surge in Q4 net profit supported by record-high sales and lower expenses
On Monday, May 27, National Aluminium Company Limited (NALCO), a state-owned Navratna CPSE under the Ministry of Mines, announced strong fiscal results for the fourth quarter and full year of FY2023-24, driven by a robust growth trajectory in production and sales. NALCO reported that its Q4 net...
China’s primary aluminium imports surge 119% Y-o-Y in April 2024, mainly sourced from Russia
According to China customs data, the country’s domestic primary aluminium imports amounted to 218,500 tonnes in April 2024, down by 12.38 per cent M-o-M but up by 119 per cent Y-o-Y. Net imports were 206,300 tonnes – 115.2 per cent more than a year ago. From January to April 2024, China imported...
FY2024: Hindalco earns higher profit on account of record-breaking aluminium sales volume
Hindalco Industries Limited, Aditya Birla Group's flagship metal company, has announced its consolidated financial results for the fourth quarter and full year of FY2024, which ended March 31. The company revealed that it concluded the year with strong results across all business segments, earning...
Wheels India allocates INR 200 crore expenditure for Financial Year 2025
Wheels India has earmarked a capital budget of INR 200 crore for the current financial year. This significant investment is aimed at enhancing their offload tractor, fabrication, and machining capacity for cast aluminium sections used in windmill castings. This move highlights Wheels India's...
NALCO lifts its aluminium prices by INR 10,000 per tonne with effect from May 23
National Aluminium Company Limited (NALCO) has revised its aluminium ingot and product prices, with effect from Thursday, May 23. Compared to May 1, the company’s aluminium prices have been expanded significantly by about 4 per cent, in tandem with a gradual increase in aluminium prices on the...
India’s aluminium scrap imports maintain the upward trajectory, rising by 5% M-o-M in April’24
In April 2024, India's imports of aluminium scrap continued their upward trajectory, growing by 5 per cent from the previous month, according to provisional data from BigMint. This followed a notable 18 per cent surge in March. However, compared to last year's corresponding period, import volumes...
