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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“Our commitment is to serve our customers by delivering optimal technological solutions tailored to their specific needs within our areas of expertise,” Associated Industrial Furnaces (P) Ltd. (AIFL)
Headquartered in Kolkata, Associated Industrial Furnaces (P) Ltd. (AIFL) operates from its central project office, strategically extending its presence nationwide through a robust network of regional and branch offices. Complemented by dedicated representatives strategically positioned in major...
Vedanta Aluminium appoints new chief human resource officer at Jharsuguda
According to a report, on March 6, 2024, Vedanta Aluminium announced that it appointed Pankaj Surekha as its new chief human resource officer at Jharsuguda. Mr Surekha has prior work experience at Reliance Industries for 11 years, leading the rewards team, which takes care of compensation design...
Vedanta Aluminium is on track to achieve 30% women employment goal by FY2025
On Friday, March 1, Vedanta Aluminium announced that it is very close to its goal of having 30 per cent female employees in the workforce. The company is hopeful of achieving this milestone by the end of FY2025, much ahead of the original timeline of 2030 set by Vedanta. CEO John Slaven said...
India counters China's electronics export dominance in some key markets, study finds
A recent study reveals that India is gradually challenging China's supremacy in electronics exports in certain crucial markets. This shift comes as manufacturers seek to diversify their supply chains away from China to other regions across Asia. The escalating geopolitical tensions between the UK,...
India’s aluminium ADC12 price remains steady W-o-W amidst increased raw material prices
The spot prices for Aluminium ADC12 alloy ingot (equivalent to automobile grade) in Delhi remain steady at INR 204,000 per tonne week-on-week, excluding GST. This stability persists despite the rise in local Tense scrap prices, especially in regions like north and south India, where shortages have...
Hind Aluminium in Q3 FY2024: Net profit surges by over 200% Y-o-Y despite continued net sales drop
On Tuesday, February 27, Hind Aluminium Industries Limited announced its consolidated quarterly results (October 1-December 31, 2023), explaining an in-depth comparison with the previous quarter and year. Hind Aluminium revealed its net sales in Q3 FY2023-24 stood at INR 0.14 crore, down 48.15 per...
Aluminium stocks at LME warehouses ascended by 8% to 580,275 tonnes
Base metals prices on the London Metal Exchange (LME) generally trended positively for the week ending on February 23, except aluminium, which saw a decline of 1.7 per cent due to increasing stocks. Aluminium stocks at LME warehouses notably rose by over 8 per cent to 580,275 tonnes from 534,925...
Raw material costs propel India's aluminium ADC12 prices upward W-o-W
The spot prices for Aluminium ADC12 alloy ingots used in automobiles rose by INR 2,000 per tonne W-o-W, reaching INR 204,000 per tonne. This surge is primarily linked to the rise in local tense scrap prices. India's prominent automobile manufacturer, which holds significant influence in setting...
Chhattisgarh Govt. signs aluminium supply agreement with BALCO for Korba Aluminium Park project
The Chhattisgarh government is determined to revive an aluminium park proposal, initially submitted in 2021, to support small-scale industries in Korba. About 140 hectares of land were required to develop the Park, but the plan was put on hold for the past few years. Recently, the newly-elected...
ASI enlists GLS Aluminium Industries as the new production and transformation member
Aluminium Stewardship Initiative (ASI) announced the joining of GLS Aluminium Industries Pvt Ltd as the new production and transformation member. GLS Aluminium Industries operates as a subsidiary under the GLS Group, a diversified company with interests spanning flexible packaging, polyester films,...
RenewSys commits investing INR 6,000 crore in Telangana to strengthen India's green energy market
RenewSys India Pvt Ltd, a global leader in solar manufacturing, has inked a groundbreaking Memorandum of Understanding (MoU) with the Industries Department of Telangana, affirming an estimated investment of INR 6,000 crore. This move not only reinforces RenewSys' commitment to sustainable energy...
Furnace overheating triggers massive fire outbreak at Kudalwadi-based aluminium factory
On Saturday, February 17, a major fire erupted in a company situated at Kudalwadi near Chikhali, triggered by a furnace overheating. As per the reports, the company is known for manufacturing aluminium sulfate and magnesium sulfate dust. On the day of the accident, the workers had been loading...
Alumil India to extend reach in South, West, and North markets
Alumil India, the wholly-owned Indian subsidiary of Alumil Group, a renowned company in designing and producing premium architectural aluminium systems, has unveiled its strategic expansion plans focused on key regions in Southern, Western, and Northern India. Recently, the company inaugurated a...
NTPC to supply 1200 MW of uninterrupted power for NALCO’s smelter expansion
NTPC Limited, India's leading integrated power utility, and National Aluminium Company Limited (NALCO), a prestigious Navaratna Company, have entered a non-binding Memorandum of Understanding (MoU). This non-binding agreement embarks on a journey of exploration across diverse energy landscapes,...
Raw material shortage spurs aluminium ADC12 prices hike in India
Spot prices for aluminium ADC12 alloy ingot, equivalent to automotive-grade, experienced a weekly increase of INR 3,500 per tonne, reaching INR 202,000 per tonne ex-works in Delhi, excluding GST. This rise is primarily linked to the escalation in local Tense scrap prices, mainly due to shortages...
Bagaria Aluminum elevates industry presence by joining AL Biz
Since its inception in 2007, Bagaria Aluminum Alloys Private Limited (BAAPL Ltd.) has been a cornerstone in the secondary aluminium industry, specializing in processing over 1100 metric tonnes of secondary aluminium per month. The company has been successfully onboarded by AL Biz, the world's 1st...
Satish Pai urges Government: Guard aluminium and copper from FTAs to save the domestic industry
Hindalco Industries, a prominent player in the aluminium industry under the Aditya Birla Group, faces hurdles from the influx of low-cost aluminium foils due to recent policy changes. Satish Pai, Hindalco's Managing Director, sheds light on the company's strategies amidst this scenario. Hindalco...
Imported aluminium scrap prices in India trend higher on increased demand and futures
India is witnessing a surge in imported aluminium prices this week driven by several factors, including a notable increase in futures, limited availability of material, and a positive shift in demand. Across various grades of aluminium scrap, prices have risen by approximately $25-35/t w-o-w....
