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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Premium aluminium windows & door brand Alteza enters the Maharashtra market
Aparna Enterprises Limited (AEL), one of India's rapidly expanding manufacturers of building materials, has announced the debut of its premium aluminium windows and doors brand, Alteza, in the Maharashtra market. Pune the first point The company's strategic plan begins with Pune as its focal point....
Raw material shortage raises India's ADC12 aluminium ingot price W-o-W
The spot prices for Aluminium ADC12 alloy ingot, equivalent to automobile grade, saw a modest rise of INR 2,000 per tonne to reach INR 213,000 per tonne week-on-week (w-o-w) exw Delhi, excluding GST. In the current market, firm offers are noted in Delhi and Chennai at INR 182,000-183,000 per tonne....
Vedanta posts a 3% rise in FY2024 aluminium production despite a retreat from the highest-ever quarterly output in Q4
On Thursday, April 4, India's diversified natural resources firm Vedanta Limited announced its Q4 FY2024 and full-year operational results, revealing both aluminium and alumina output volume. Aluminium production Vedanta said its aluminium production in Q4 FY2024, which ended March 31, stood at...
Vedanta nears two-third of its nameplate capacity goal at Lanjigarh alumina refinery by adding 1.5 MTPA
On Wednesday, April 3, Vedanta Aluminium reported that it commissioned an additional 1.5 million tonnes of annual alumina capacity at its Lanjigarh refinery in Odisha. Earlier, the refining capacity of the unit was 2 million tonnes per annum, and with the new capacity, it has increased to 3.5...
NALCO’s stock hits 52-week high on record-breaking production of upstream aluminium
On Wednesday, April 3, National Aluminium Company’s stock price (NALCO) reached a 52-week high in the wake of highest-ever production of aluminium, record excavation of bauxite, and best ever metal sale, surpassing all previous records since inception. According to the report, NALCO’s share price...
Rising LME futures & supply crunch propel India’s imported aluminium scrap prices upward
Imported aluminium scrap prices in India increased slightly, bolstered by the rising trend in LME (London Metal Exchange) futures prices and persistent supply shortages. As reported, the three-month LME price stood at around $2,375 per tonne, marking a 2.4 per cent increase compared to the previous...
Vedanta Aluminium hosts a one-day safety training programme to implant ‘Safety-First Culture’ among diverse industries
On March 31, Vedanta Aluminium hosted a one-day industrial safety training programme at its Jharsuguda operations in collaboration with the Directorate of Factories and Boilers, Government of Odisha. This training programme extended across diverse industrial zones within the state, aiming to...
Alumil India expands its presence with a new experience centre in Chennai, 3rd in Tamil Nadu
Alumil India, the fully-owned Indian subsidiary of Alumil Group – one of the global pioneers in designing and manufacturing high-quality architectural aluminium systems- recently opened its exclusive experience centre - Twin Pro Systems- in Chennai. The 750 sq. ft. showroom, inaugurated by Alumil...
Hindalco shares soar: India puts Thailand's aluminium imports under scrutiny
In a strategic move to bolster its domestic aluminium industry, the Indian government is contemplating a surge in anti-dumping duties on aluminium foil imported from Thailand. This decision could significantly impact the market dynamics, benefiting prominent players like Hindalco Industries...
Downstream aluminium recap: India launches anti-dumping probe on Chinese aluminium foil imports
The global aluminium downstream sector witnessed a lot of significant incidents this week. To begin with, India recently launched an anti-dumping probe into the import of aluminium foil from China, aiming to protect its domestic aluminium industry. This decision follows complaints lodged by major...
Icra forecasts 10% growth in aluminium and copper demand for FY25
According to a recent statement by the Investment Information and Credit Rating Agency (ICRA), domestic demand for non-ferrous metals like aluminium and copper is expected to grow 10 per cent in FY25. This expectation is based on a consistent trend in realizations and a moderated pressure on input...
Gear up for the 12th International Bauxite, Alumina and Aluminium Conference & Exhibition (IBAAS-IIM 2024)
Mark your calendar for the 12 th International Bauxite, Alumina and Aluminium Conference & Exhibition (IBAAS-IIM 2024). Scheduled to take place in BITS Pilani K K Birla Goa Campus from September 25 to 27, 2024, this event stands as a beacon for industry professionals, experts, and aficionados...
Unveiling AL-59: NALCO's latest innovation in aluminium alloy ingots
Step into the future of electrical transmission with National Aluminium Company's (NALCO) groundbreaking release: AL-59, the aluminium alloy ingot poised to transform the conductor industry. This innovative product heralds a new era in efficiency and performance, perfectly timed with the Government...
India’s ADC12 aluminium ingot prices move upward despite stable raw material cost
The spot prices for Aluminium ADC12 alloy ingot (equivalent to automobile grade) witnessed a slight increase of INR 3,000 per tonne, reaching INR 211,000 per tonne W-o-W exw Delhi, excluding GST. The market reflects a somewhat tense situation in Chennai, with offers at INR 182,000 per tonne....
Technocraft Formwork begins aluminium fabrication at its brand new Maharashtra unit
Technocraft Formwork, a wholly-owned subsidiary of Technocraft Industries (India), has recently started producing aluminium fabrication at its newly established scaffolding unit in Aurangabad, Maharashtra, India. The new unit, which has a capacity of 600,000 square meters for aluminium fabrication,...
Vedanta Aluminium recycles 15 billion litres of water in FY2024, while undertaking water restoration measures
To commemorate World Water Day under the theme' Water for Peace', Vedanta Aluminium, India's largest aluminium producer, announced that it recycled over 15 billion litres of water across its operations in FY2023-24. This quantity of water is equivalent to 6,000 Olympic-size swimming pools. In...
India launches probe into aluminium foil imports from China
In a bid to safeguard the interests of its domestic aluminium industry, India has taken a significant step by initiating an anti-dumping investigation into the import of aluminium foil from China. This move comes in response to complaints filed by key domestic players such as Hindalco Industries,...
China's rising import of Russian aluminium alters market dynamics
According to the latest statistics, China's imports of Russian aluminium have surged. China's Customs Bureau has reported that Russian imports rose to 277,000t in the first two months of this year. That represents almost 60% of all the metal imported by China in that period. Indonesia and India...
