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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Kolkata metro network awaits the integration of steel-encased aluminium third rail system
In a mission to imitate global green initiatives by metro networks, Kolkata Railways is about to introduce a steel-encased aluminium third rail system replacing the older pure-steel version. This will make the entire metro chain much more sustainable, reducing carbon emissions to a great extent....
Hind Aluminium posts a 13% hike in net profit to INR 2.95 crore for the June quarter of FY2024
Hind Aluminium Industries Limited, a manufacturer of aluminium & alloy conductors and aluminium wire rods, reported net sales of INR 0.38 crore in the June quarter versus INR 0.33 crore a quarter ago and INR 1 crore a year earlier. At the end of FY2023, Hind Aluminium’s net sales amounted to INR...
India’s Navratna firm NALCO posts a 40% fall in profit for Q1 FY2024, holding limped LME prices responsible
National Aluminium Company Limited (NALCO), a Schedule ‘A’ Navratna CPSE, reported last week that its quarterly profit for Q1 FY2023-24 recorded a 40 per cent fall, attributed to sluggish global aluminium prices and mediocre demand. NALCO said that it earned a consolidated profit of INR 3.34...
Endurance anticipates increased demand for aluminium parts due to the emerging EV market
Automobile parts manufacturer Endurance Technologies has declared Q1 FY2023-24 revenue of INR 2,467 crore after analysing the company's finances. There has been an influx of 16 per cent in comparison to INR 2,118 crore accumulated one year back. The EBITDA arrived at INR 338 crore with a margin of...
IIT Kharagpur introduces 3-month AI programme, learn technology application in aluminium industry
In early August, the Indian Institute of Technology Kharagpur inaugurated a programme on artificial intelligence (AI) to educate students about using technology in the manufacturing industry, including aluminium. The programme will be for three months, with classes only on weekends. Teachers from...
Downstream aluminium weekly: Hindalco and Novelis both witness dampening downstream aluminium sales
The downstream aluminium segment witnessed variable production this week, with Aparna Enterprises planning to invest INR 150 crores in FY24 to expand operations and INR 50 crores in tile, RMC, and aluminium. The move reflects the company's commitment to meeting India's infrastructure needs....
Hindalco allies with Texmaco to build aluminium railway wagons and coaches for Indian Railways
Hindalco Industries Limited, one of India’s biggest aluminium manufacturing companies and the world’s largest flat-rolled products player, has announced an alliance with Texmaco Rail & Engineering Ltd., a specialised engineering company, to develop and manufacture aluminium railway wagons and...
Spin wizard Muralitharan's Ceylon Beverages to set up an aluminium cans facility in Dharwad
Ceylon Beverage Can Pvt Ltd, promoted by former Sri Lankan off-spinner Muttiah Muralitharan, has submitted an application to the Government of Karnataka requesting permission to establish an aluminium cans and drinks filling facility on the outskirts of Dharwad. The business had requested 26 acres...
Aparna Enterprises plans to invest INR 50 crores to expand its aluminium business
Aparna Enterprises, India's fastest-growing construction materials company, plans to spend INR 150 crores in FY24 to expand its operations and match the industry's increasing demand. A further INR 50 crores will be invested in Aparna Enterprises' tile, ready-mix concrete (RMC), and aluminium...
India’s imported aluminium scrap witnesses W-on-W price dip, reflecting cautious metal futures
The Indian imported aluminium scrap market encountered significant challenges this week, with scrap prices experiencing a sharp decline of up to 5.8 per cent week-on-week. This reduction was primarily attributed to a scarcity of favourable offers aligning with lower futures, resulting in decreased...
Hindalco reports lower downstream aluminium sales for 1QFY2024, resulting in a 5% decline in revenue
Hindalco Industries Limited, one of India's biggest aluminium manufacturing companies, announced the first quarter results of FY2023-24 ended June 30, revealing a net profit of INR 2,454 crore, up by 1.75 per cent Q-o-Q from INR 2,411 crore, driven by a recovery in Novelis business. However, on a...
EPD certification is yet another testament to Vedanta Aluminium's sustainable production practices
International Environmental Product Declaration (EPD) has reportedly verified Vedanta Aluminium’s range of products, confirming that India’s largest aluminium producer is committed to achieving the highest industrial standards in sustainable production. Vedanta’s primary aluminium products scored...
Unveiling boundless opportunities: Odisha Mining & Infrastructure International Expo 2024
The 2 nd Odisha Mining and Infrastructure International Expo is set to take place from 15th to 18th February 2024 at Janata Maidan, Bhubaneswar, Odisha, India. This prestigious event, organized by Futurex Trade Fair and Events Private Limited, is an exclusive international B2B trade show that...
Aluminium at the helm of Atmanirbhar India; reshaping the Indian Defence sector
Aluminium and its alloys are widely employed by defence and military systems globally for the production of tanks, missiles, helicopters, satellites, and other equipment. This is due to aluminium's cost advantage and intrinsic qualities, which is a crucial component in the defence system. Aluminium...
Visakhapatnam Port achieves historic bauxite handling milestone in July 2023
In July, the Visakhapatnam Port Authority (VPA) achieved remarkable milestones in handling bauxite and manganese, setting new records for the highest tonnage ever recorded in a calendar month. The port efficiently handled an impressive throughput of 259,242 tonnes of bauxite, surpassing its...
Genius from Kerala uses a Bajaj Pulsar NS200 engine to fly self-made aluminium aircraft
A man from Kerala has ingeniously designed a flying machine worth INR 2 lakhs with the help of a Bajaj Pulsar NS200 engine and aluminium as the base metal. Anand's innovative creation has been advertised through the YouTube Channel Village Vartha. This is indefinitely one of the most significant...
Vedanta names John Slaven as the Chief Executive Officer of its Aluminium Business
On August 4, 2023, the Indian multinational mining and metal company Vedanta Ltd. announced through an exchange filing that it appointed John Slaven as the Chief Executive Officer for its Aluminium Business. Vedanta stated that the Board of Directors approved the appointment during a meeting held...
AL CircleBiz proudly promotes integrated secondary aluminium producer BAAPL Ltd.
Bagaria Aluminium Alloys Private Limited (BAAPL Ltd.) was founded in 2007 and presently processing 1100+ metric tonnes of secondary aluminium per month at its facility in Ranihati Amta Road, Howrah. AL CircleBiz is happy to announce the inclusion of this great secondary aluminium maker in the...
