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Aluminium Industry
Taural India, a maker of large and intricate aluminium sand-castings components for the energy and infrastructure sectors, plans to raise its turnover to Rs 1,000 crore from about Rs 300 crore by scaling local production, growing exports and widening applications of aluminium in sectors such as defence and railways, its founder and CEO Bharat Gite said. The company, which began in India to serve existing European clients in the energy space, including Siemens, Hitachi Energy, and General Electric, said its initial sales in India were modest -- around Rs 70-100 crore -- but rising demand from local and Asian customers prompted capacity expansion and fresh investments. In an interview to PTI here, Gite said the company has opened a new plant at Supa in Ahilyanagar district of Maharashtra, after running its Chakan facility in the state at full capacity. The firm, he said, had pumped in Rs 500 crore in the Supa plant, a commitment it announced at the World Economic Forum in Davos with t
Downstream aluminium manufacturers have urged the Centre to cut customs duty on both primary aluminium and aluminium scrap, stating that the current tax structure has put micro, small and medium-sized enterprises (MSMEs) under severe cost pressure and eroded their competitiveness. The move comes at a time when MSME manufacturers in the aluminium value chain are facing pressure from higher global metal prices, freight costs and energy volatility. Any duty cut, if rolled out, could ease input costs for downstream industries, improve capacity utilisation and support exports. However, it may draw resistance from primary producers like Hindalco Industries Ltd and Vedanta Aluminium Ltd who benefit from the current import-parity pricing environment. In a joint representation to the mines ministry recently, the Aluminium Secondary Manufacturers Association (ASMA), along with the Cables and Conductors Manufacturers Association of India (CACMAI) and the Federation of All India Aluminium ...
The country's aluminium extrusion sector has significantly curtailed production capacities due to the escalating crisis in West Asia, according to Aluminium Extrusion Manufacturers Association of India (ALEMAI). The disruption in global supply chains, triggered by heightened geopolitical tensions in the region, has forced companies to scale back operations from an average annual output of 1.2-1.3 million tonnes, or about 1 lakh tonnes per month, to just 50,000-60,000 tonnes currently. Speaking to reporters on the sidelines of an event here, ALEMAI Secretary Ankur Aggarwal said, "The capacity has been scaled down. We have been producing 1.2-1.3 million tonnes on an average yearly. We were producing one lakh tonnes every month and it scaled down to 50,000-60,000 tonnes." Highlighting the industry's concerns, ALEMAI President Jitendra Chopra said, "India's midstream and downstream aluminium sectors are undergoing a severe contraction, with production declining by 40 per cent to 50 per
The Aluminium Extrusion Manufacturers Association of India (ALEMA) has urged the government for urgent relief measures as the industry is grappling with severe LPG and PNG shortages triggered by the escalating West Asia crisis. The ALEMA has urged the government to implement urgent relief measures, including interest rate cuts and loan moratoriums. ALEMA, in a recent letter to the government, said the conflict in West Asia has severely disrupted supplies of liquefied petroleum gas (LPG) and piped natural gas (PNG), critical fuels for melting, heating and ageing processes in aluminium extrusion manufacturing. "Many extrusion units have been compelled to shut down or reduce production by 30-70 per cent due to acute shortages and supply prioritisation by the Ministry of Petroleum and Natural Gas," the association said. ALMA represents nearly 250 of India's 450 aluminium extrusion companies -- with 90 per cent being MSMEs. According to the association, without intervention, the ...