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 plans to invest INR 2,000 crore to bring new technologies crucial for the construction of Vande Bharat
Hindalco Industries Limited plans to invest around INR 2,000 crore to bring new extrusion and fabrication technologies to India, critical to the country's construction of Vande Bharat trains with aluminium bodies . The announcement was made by Kumar Mangalam Birla, chairman of Hindalco Industries...
Chandrayan-3’s Pragyan rover adopts LIBS technology used in aluminium recycling
Chandrayan-3’s Vikram lander, making Indians proud worldwide, has successfully dispersed the Pragyan rover on the Moon’s surface. This makes India the first country to soft-land on Moon’s South Pole, creating history. But what intrigued us the most was what followed after the landing. On August 23,...
Sandhar Engineering gears up for new automotive parts manufacturing plant in Mysore
Gurgaon-based automotive components supplier Sandhar Engineering has declared the fruitful commissioning of a high-tech parts manufacturing plant in Mysore, Karnataka. The company is a prime supplier of automotive locking & security systems, zinc and aluminium die-casted components and other...
Ultraviolette’s newly launched e-bike features aerospace-grade aluminum components
Bangalore-based Ultraviolette Automotive has launched the new F77 Space Edition electric motorbike featuring aerospace-grade aluminium. Using aerospace-grade aluminium for some sections and body panels makes the Space Edition distinctive and more expensive than the standard motorbike. This limited...
Hindalco's Kuppam Works achieves ASI Performance Standard certification
In a significant milestone for sustainable manufacturing practices, Hindalco Industries Ltd's Kuppam Works has been awarded the ASI Performance Standard V2 (2017) Certification for its extrusions plant situated in the Chittoor district of Andhra Pradesh, India. The achievement marks Hindalco's...
Rajesh Aluminium enters AL CircleBiz; a virtual portal for B2B aluminium trade
Rajesh Aluminium is renowned for its worldwide distribution of top-quality aluminium and related alloys. They cater to a broad spectrum of industries, ranging from aircraft and aerospace to defence, hi-tech, and machine shops, serving over 15,000 customers. AL CircleBiz is delighted to announce the...
14th edition of ZAK Aluminium Extrusion Expo set to grace Bombay Exhibition Centre
ZAK Aluminium Extrusion Expo is back with its 14th international trade fair on aluminium extrusion, technologies, applications and products. The four-day event from November 23 to November 26 will be held in Mumbai at the Bombay Exhibition Centre (NESCO). It will bring together industry experts...
Vedanta pledges to be greener with 1335 MW of renewable energy deal under Akshay Urja Diwas
Vedanta Aluminium has recently announced that it has signed long-term power delivery agreements to obtain 1335 MW of renewable energy for its operations. The firm will use a combination of solar and wind energy to power its operations across Odisha and Chhattisgarh while reducing its greenhouse gas...
Mahanadi Coalfields seeks government approval for INR 34,072 crore investments in Greenfield aluminium project
Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Limited (CIL), awaits government approval to invest INR 34,072 crore in an integrated Greenfield aluminium project in Odisha. The project will have a 2 million tonnes alumina refinery, a 0.5 million tonne aluminium smelter, and a 1,400...
Downstream weekly recap: China to accommodate 17 new aluminium battery foil projects; Sansera Engineering to invest INR300 crore for capacity expansion
The downstream aluminium sector witnessed an active week started from August 14, 2023, with 17 new Chinese battery foil projects commissioning production, Sansera Engineering Ltd, a precision-forged and machined aluminium components manufacturer, planning to invest INR 300 crore for capacity...
Primary aluminium recap: Century Aluminium Company reports second quarter 2023 results
This week the global primary aluminium segment saw releases of the quarterly results of Century Aluminium and NALCO. As per the data, the National Aluminium Company Limited (NALCO), a Schedule 'A' Navratna CPSE, revealed that its quarterly earnings for Q1 FY2023-24 fell 40 per cent due to low...
Sansera Engineering Ltd sets aside INR 300 crore for capacity expansion in FY24
Sansera Engineering Ltd is a precision-forged and machined aluminium components manufacturer that caters to both auto and non-auto segments. The company is planning to invest INR 300 crore in FY24 for capacity expansion and line balancing to cater to the growing order book. The facility is designed...
Aluminium alloy ingot price in India shows orbital movement W-o-W
The Indian domestic aluminium alloy ingot market remained stable, thanks to several factors such as range-bound scrap, correction in futures contracts by US$50 to US$70 per tonne, and price cuts by primary producers by up to INR 3,750 per tonne ex-works. SteelMint's assessment showed that prices of...
First Solar unveils its 2023 Sustainability Report; the first of its kind in the solar sector
First Solar Inc, a US-based Cadmium telluride (CdTe) thin-film photovoltaic (PV) profiles manufacturer, has set a new industry standard for transparency by publicly disclosing details of third-party social audits conducted across its global manufacturing sites. This is believed to be the first time...
Goyal Aluminiums Ltd’s Q1 FY24 results soar with positive stock price forecasts for the year
Goyal Aluminiums Ltd, a metal trading services company, has recently reported its quarterly results for the period ending on June 30, 2023. The company has performed exceptionally well in Q1 FY24, with impressive growth in key financial indicators compared to the previous quarter. The net sales for...
India’s aluminium scrap imports from US reach 48,100 tonnes in May after successive growth since early this year
India’s aluminium scrap imports from the United States have been portraying steady growth since the beginning of 2023. Of all the earlier months, May saw the highest sequential increase of 20.85 per cent to 48,100 tonnes. In April, India’s aluminium scrap imports from the US stood at 39,800 tonnes,...
Vedanta Aluminium celebrates 77 Years of Independence with #AzadiKaAsliMatlab campaign
India is celebrating its 77th Independence Day, a journey of progress and unity. This commemoration marks the country's liberation from British colonial rule, signifying the triumph of freedom, harmony, and self-governance. And to commemorate this significant event, Vedanta Aluminium, one of...
Bhagwati Sai Metal Alloys joins the world’s first aluminium B2B platform AL CircleBiz
Bhagwati Sai Metal Alloys has established a state-of-the-art aluminium extrusion plant, the first of its kind in the Northeast region, aimed at exporting and supplying high-quality aluminium extrusion profiles in different alloys to cater to the diverse needs of various industries. AL CircleBiz...
