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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China's aluminium trade surges, cementing conduit status
The latest data on China's aluminum imports and exports suggest that the Country is becoming a conduit for the metal. China's imports of metal in Q1 were up by over 200 per cent compared to Q1 2023. With the open arbitrage window, bringing metal to China became quite profitable. AZ Global...
Sula’s sustainability journey reaches new high with Gold-Level certification from IWCA
Nestled in the tranquil Nashik Valley of India, Sula Vineyards stands as a beacon of excellence, renowned for its exceptional wines and unwavering commitment to sustainable viticulture. Having said this, in a continued effort to sustainable packaging, the company also introduced many of its...
EAC-PM advises India to brace for possible US stagflation effects
Sanjeev Sanyal, a member of India's Economic Advisory Council to the Prime Minister (EAC-PM), emphasised that while stagflation in the US isn't inevitable, it's a prospect India must carefully weigh. Stagflation characterises an economic state marked by a trifecta of high or increasing inflation,...
Barge owners press authorities to restart bauxite cargo handling at Mormugao Port, Goa
The owners of barges at Goa's Mormugao Port call on the authorities to reopen the port and resume handling the bauxite cargo. Mormugao Port Authority (MPA) is a venerable port nestled along the western shores of India within the picturesque state of Goa. Established in 1885, it occupies the...
NALCO collaborates with CSIR-NGRI to advance geophysical research
NALCO, a leading state-owned aluminium company, has forged a significant partnership with CSIR-NGRI to enhance geophysical research. This strategic collaboration defines NALCO's commitment to innovation and sustainable practices. The Memorandum of Understanding (MoU) between Khanij Bidesh India Ltd...
Vedanta expects its aluminium production to reach 2.3 to 2.4 million tonnes by FY2025
According to a Reuters report, Vedanta Limited expects 2.3 to 2.4 million tonnes of aluminium production in FY2024-25. By the third quarter of FY2024, Vedanta produced 1.772 million tonnes of aluminium, a 3 per cent rise year-on-year and the highest-ever output . In Q3 alone, Vedanta’s aluminium...
BALCO adopts 'Bogie Open Bottom Rake' to enhance supply chain efficiency
The Indian primary aluminium producer, BALCO, has introduced its inaugural Bogie Open Bottom Rapid Discharge (BOBRNHSM2) Rake into its operations. This milestone signifies another stride towards fostering an effective and sustainable supply chain for acquiring vital raw materials. BALCO is part of...
Vedanta's 'Autoedge' conclave showcases aluminium solutions for the automotive sector
Vedanta Aluminium, India's leading aluminium producer, recently hosted AutoEdge 2024, a pivotal industry conclave focusing on the automotive sector, in New Delhi. Aluminium, pivotal for modern transportation, has emerged as a crucial raw material in automotive manufacturing. The event showcased...
India’s imported aluminium scrap prices experience weekly gains owing to upward trend in LME prices
This week, India's imported aluminium scrap market saw a notable uptick, buoyed by the positive trajectory of LME futures prices, which surged by $50 per tonne week-over-week (W-o-W) to hit $2600 per tonne. As of the latest report, the three-month LME price stood at approximately $2,600 per tonne,...
Hasten Extrusions joins AL Biz’s B2B aluminium marketplace with high-quality products
Established in 2018, Hasten Extrusions Pvt. Ltd., a premier manufacturer renowned for excellence in aluminium extruded sections, has been successfully onboarded by AL Biz, one of the world's first B2B markets for the global aluminium sector. AL Biz is a pioneering worldwide platform that...
Impending BIS mandate for insulated steel and aluminium bottles puts manufacturers at bay
The landscape of reusable insulated flasks and containers is on the verge of transformation, as the Ministry of Commerce and Industry prepares to enforce a mandatory Bureau of Indian Standards (BIS) certification starting June '24. This directive is poised to reshape the industry dynamics,...
President of India honours Dr Sitaram Jindal with Padma Bhushan for his outstanding philanthropy & healthcare initiatives
Dr Sitaram Jindal, an esteemed visionary in philanthropy and healthcare, was honoured with the prestigious Padma Bhushan Award by the President of India at a ceremony held at Rashtrapati Bhavan in New Delhi. This event, attended by the Prime Minister and esteemed dignitaries, marked a significant...
Shift to renewable energy: Vedanta uses biomass briquettes in fuel mix for Lanjigarh alumina refinery
Vedanta Aluminium, India’s largest aluminium producer, has started deploying a greener fuel mix composed of biomass briquettes for renewable energy source at its world-class alumina refinery in Lanjigarh, Odisha. The company currently uses 20 tonnes of the new fuel mix per day as a significant move...
Majority of top Indian firms step up, voluntarily disclose carbon emissions: PwC survey
In support of the Indian government's pursuit of a net-zero emission target by 2070, a PwC India survey reveals that 51 per cent of the top 100 companies have initiated voluntary disclosures regarding their carbon emissions. Additionally, the survey highlights that approximately 31 per cent of...
India's Ramkrishna Forgings strengthens global footprint, secures deal with US' foremost EV maker
As released by the company on its website, Kolkata-headquartered Ramkrishna Forgings Limited has received approval to supply powertrain components to the USA’s largest electric passenger vehicle producer. The company's announcement refrains from disclosing the vehicle manufacturer's name, although...
SSWL forges alliance for aluminium wheels with leading Indian passenger vehicle manufacturer
Steel Strips Wheels (SSWL) secured a pivotal agreement to supply aluminium wheels to a prominent passenger vehicle (PV) manufacturer in India. This landmark deal not only underscores SSWL's commitment to pushing boundaries but also signifies a significant leap into the realm of alloy wheels,...
Runaya's new plant in Jharsuguda signals shift towards sustainable industrial practices
On April 15, 2024, Runaya, a sustainable manufacturing and recycling leader, unveiled its state-of-the-art calcium aluminate plant in Jharsuguda. This milestone signifies a significant step forward in Runaya's quest for environmental stewardship and innovation within the sector. At the heart of...
Fenesta achieves landmark order booking of INR 1000 crores in FY24
Fenesta, India's leading brand in windows and doors, marks a significant milestone in the fenestration industry by achieving an order booking of INR 1000 crores in the fiscal year 2024. This accomplishment highlights Fenesta's unwavering commitment to quality, innovation, and customer service,...
