Calculate Embedded Emissions for Unwrought Aluminium (HS7601)

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Payable emissions (tCO₂e/t)

Total CBAM Cost (€)

Notes:
There may be a difference when calculating the price with respect to import volume, carbon price, and benchmark emissions, as the embedded formula may result in minor variations due to decimal rounding. Therefore, the actual value may vary.

CBAM is applicable to trade volumes starting from 50 metric tonnes. For trade volumes below 50 metric tonnes, CBAM does not apply.

Usage Procedure – How to use the CBAM Calculator Sheet

Enter or update values only in the INPUT
PARAMETERS section (Highlighted in blue) , including
the carbon price, benchmark emissions, CBAM
chargeable percentage (as per the phase-in year),
and imported quantity.

The system will automatically calculate the payable
emissions and the total CBAM cost (€) based on the
inputs provided.

Notes:
• Change any input value to automatically update CBAM cost.
• Formula used: Carbon price × payable emissions × quantity.
• Model aligned with CBAM supplier-side illustrative methodology.

23 MAY 2022 AL CIRCLE

Wheels India aims to expand its aluminium wheels business, plans to invest INR 155 crore in FY23

EDITED BY : SARNALI CHAKRABORTY 2MINS READ

Headquartered in Chennai, Wheels India, one of the largest steel wheel manufacturers in India, has planned to invest around INR 155 crore in the current fiscal year (2022-2023) to expand its aluminium wheels business and construction equipment.

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The company has also planned to invest an additional INR 25 crore in its new factory in Thervoy Kandigai, Tiruvallur district. This investment will be used for the machining of huge wind turbines, in addition to the INR 75 crores, which has been already invested.

“Early this month, the company also inaugurated a new plant for machining of large wind turbine castings in Thervoy Kandigai,” said Srivats Ram, the managing director of Wheels India.

Wheels India aims to expand its aluminium wheels business, plans to invest INR 155 crore in FY23

The business claimed in a statement that it exceeded the INR 1,000 crore marks in exports for the fiscal year ending March 31, 2022 (Q12022). Export contribution climbed from roughly 16 per cent five years ago to 27 per cent in the fiscal year ending March 31, 2022. During Q12022, Wheels India claimed it began producing aluminium wheels at its factory in Thervoy Kandigai.

Wheels India reported a net profit of INR 27.8 crore ending March 31, 2022 , from INR 25.5 crore in the same quarter last year (Q12021), said the managing director of Wheels India, Srivats Ram. A hike of 9 per cent was recorded in Q12022. Revenues increased to INR 1,101.3 crore in Q12022, up from INR 852 crore in the previous quarter.

“Revenue growth was driven by successive quarters of export growth where we crossed a significant milestone of Rs 1,000 crore for the year. We expect the positive trend in the commercial vehicle segment seen in Q4 of FY2022 to continue this year, benefitting both our wheel and suspension business. While the demand outlook is positive, there continues to be industrial inflation. The positive trend of export growth is likely to continue this year", added Srivats Ram.

European Aluminium Industry: Focus 2022

The company's net profit for the fiscal year ended March 31, 2022, increased to INR 79.8 crore from INR 6.7 crore the previous year. Revenues for the fiscal year ending March 31, 2022, increased to INR 3,686.7 crore, up from INR 2,211.7 crore the previous year. The Board of Directors proposed a dividend of INR 8.30 per share during its meeting on Friday.

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