Aluminium Exports

Hindalco and Vedanta executives said policy support, innovation and investment will be critical as India's aluminium demand is set to multiply, driven by urbanisation and industry needs

Unlike aluminium companies, India's steel producers are not expected to face significant setbacks as their supplies to the US are smaller

Maan Aluminium said it has been awarded 'Zero' rate of anti dumping duty for the export of aluminium extrusions to the US.

Shares of Ashapura Minechem were locked in the 5 per cent upper circuit at Rs 460.25 on the BSE.

The company said the board will meet on Friday, June 9, to consider bonus issue and stock split proposal

Industry body Assocham has sought reduction in basic customs duty and correction of inverted duty structure on critical raw materials for the aluminium industry as high import duties is a huge disadvantage for the sector heavily dependent on imported raw materials. In its pre-Budget memorandum 2023-34, Assocham said high import duty on raw materials results in Indian finished goods getting costlier and uncompetitive in international markets, rendering negative protection against cheaper imports of finished products, and discourages domestic value addition within the country. "The average production cost of Indian aluminium producers is amongst highest in the world, majorly due to high incidence of unrebated Central & State taxes and duties on inputs/ raw materials accounting for 18-20 per cent of aluminium production costs," it said. In a bid to improve the cost structure of the Indian aluminium industry and enhance competitiveness, the basic customs duty on critical raw ...

Blocking of the online system for exporters to apply for tax incentives under the export incentive scheme MEIS has created an "extremely precarious situation" for aluminium exports

Demand for aluminium has ebbed worldwide but producers fear Chinese manufacturers, buoyed by government incentives, will flood even this market

Exports during the year that started April will increase to as much as 65% of total output compared with 50% last year, Managing Director Satish Pai said

International prices of aluminium firmed up by 18.3% year-on-year in Q1 of FY19

India's production of primary aluminium grew 21% year-on-year (y-o-y) in the last financial year