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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Hindalco aims for $1.2 billion in Novelis IPO set for September 2024 listing
According to a Bloomberg report on Wednesday, May 8, Hindalco Industries Limited is seeking about $1.2 billion in the initial public offering of its US-based unit Novelis. The aim is to list Novelis on the New York Stock Exchange by September 2024. Hindalco, one of India’s largest aluminium...
India’s aluminium alloy ADC12 prices record W-o-W decline of INR3000/t
Spot prices for India's aluminium alloy ADC12 ingot declined by INR 3,000 per tonne, now standing at INR 216,000 per tonne week-on-week exw Delhi NCR. As per BigMint's latest assessment, tense scrap prices also saw a decrease, reaching INR 185,000 per tonne ex-Delhi, marking a weekly decline of INR...
Darshan Extrusions Pvt. Ltd. joins AL Biz as an esteemed aluminium profiles manufacturer
Step into the world of precision-crafted aluminium profiles with Darshan Extrusions Pvt. Ltd. Established in 2013, this renowned manufacturer and wholesaler has been shaping the industry landscape with their commitment to quality and innovation. At Darshan Extrusions, quality is not just a promise...
2023's top primary aluminium exporters: Leading nations revealed
The world primary aluminium market demonstrated a modest growth trajectory in 2023 despite a few challenges like geo-political crises, inflation, economic slowdown, and high rate of bank interest. Both production and consumption of primary aluminium grew hand-in-hand, reaching approximately 70.6...
Craftsman Automation tightens its grip on aluminium parts manufacturing with complete acquisition of DR Axion
In an intriguing advancement aimed at consolidating its foothold in the emerging aluminium component manufacturing landscape, Craftsman Automation recently announced its acquisition of the residual 24% stake in DR Axion India (DRAIPL). This acquisition, following Craftsman's previous purchase of...
CBIC takes action: Anti-dumping duty levied on imported aluminium wheels from China
The Central Board of Indirect Taxes and Customs (CBIC) has levied anti-dumping duty on aluminium road wheels imported from China. This action follows a review initiated by the designated authority, as outlined in notification number 7/13/2023-DGTR dated 30th September 2023, published in the Gazette...
Continued LME aluminium price drop drives NALCO to further cut its aluminium prices by INR6700/t
In response to the continued decline of the global aluminium price on the London Metal Exchange (LME), National Aluminium Company Limited (NALCO) has further reduced its aluminium ingot and aluminium product prices, with effect from May 1, 2024. This latest cut marks the second consecutive...
Tamil-Nadu-based factory catches fire while making aluminium powder for fireworks manufacturing
On Monday, a tragic fire incident occurred at a unit supplying raw materials to fireworks factories in Sengamalapatti near Sivakasi, Virudhunagar district, Tamil Nadu. Owned by R Chinnakaruppu, the unit saw five workers sustain critical injuries while producing aluminium powder from sheets, an...
BIS cracks down on Chembur shop selling aluminium foil without BIS standard mark
A recent enforcement raid by the Bureau of Indian Standards (BIS) in Mumbai has shed light on the critical importance of adhering to quality standards in the packaging industry. During the operation, M/s New Ryan Plastic in Chembur was found storing and selling aluminium foil and aluminium alloy...
Sustainability weekly recap: India’s aluminium industry targets its goal of net-zero carbon emission with $29 billion investment
The aluminium industry is making constant advancements in promoting the environmental efficiency of its production. The use of aluminium is highly encouraged for multiple end-use industries. The production of aluminium has traditionally been energy-intensive, but a growing emphasis on...
India's mineral production surges by 1.2%, bolstering economic strength
In March 2024, the mineral production index stood at 156.1, marking a 1.2 per cent rise compared to March 2023. Throughout the fiscal year 2023-24, the index surged by 7.5 per cent from the preceding fiscal year 2022-23. Noteworthy minerals demonstrating positive growth in March 2024 vis-à-vis the...
14 countries under scrutiny by US Department of Commerce for dumping aluminium extrusions
On May 2, 2024, the US Department of Commerce released a preliminary list of aluminium extrusion producers and exporters who sold their products at less than legitimate value in the United States. Those producers and exporters are primarily from China, Colombia, Ecuador, India, Indonesia, Italy,...
Pavna invests INR 50 crore to materialise a plant in Hosur for TVS Motor, Ola Electric
Pavna Industries, under the astute leadership of Managing Director Swapnil Jain, is set to commission a state-of-the-art plant in Hosur, Tamil Nadu. This strategic move, with an initial investment of INR 50 crore, marks a significant milestone in the company's journey. The Hosur facility, scheduled...
Vedanta Aluminium generates exponential revenue for Indian Railways in Sambhalpur Division
In a harmonious convergence of industry titans, Vedanta Aluminium's Jharsuguda operations recently garnered accolades as the highest revenue generator for Indian Railways in the Sambalpur Division. This achievement signifies the seamless integration of efficiency, safety, and sustainable practices...
Bizongo enters the Rajasthan market to expedite funding & procurement for aluminium buyers
On Thursday, Bizongo, a B2B platform specialising in supply chain financing and integrated raw material procurement solutions, revealed its strategy to enhance its footprint in Rajasthan. The aim is to expedite the funding and streamline procurement processes for buyers in the aluminium and steel...
India's aluminium sector seeks $29 billion investment for net-zero carbon goals, CEEW finds
A study by the Council on Energy, Environment, and Water (CEEW) suggests that India's aluminium sector requires an additional investment of roughly $29 billion (INR 2.2 lakh crore) in capital expenditure (CAPEX) to attain net-zero carbon emissions. The research underscores that renewable energy...
Introducing the Nothing Phone (2a): Redefining sustainability and innovation
Nothing, the renowned smartphone manufacturer, has unveiled the latest edition of its flagship device, the Nothing Phone (2a), now available on Flipkart in India. This cutting-edge smartphone merges innovation with sustainability, setting a new standard in the industry. Displaying an impressive 8...
Shyam Metalics & Energy unveils its latest culinary aluminium packaging variant, SEL Tiger Foil
Shyam Metalics & Energy proudly presents its latest marvel: SEL Tiger Foil. This innovation stands as a bright example of household food safety, crafted with incredible care and a profound commitment to excellence. As the aluminium foil segment anticipates a remarkable 7.4% CAGR growth by 2030, the...
