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Aluminium Industry
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 ...
Vedanta registered an increase in aluminium, mined metal, iron ore, and saleable steel output and decline in production of oil and gas in the fourth quarter of FY25. The company's aluminum production during the quarter grew marginally by 1 per cent to 6,03,000 tonnes compared to the same period in the previous fiscal year. Similarly, mined metal production at Vedanta's Zinc India division rose 4 per cent to 3,10,000 tonnes, driven by improved mined metal grades and mill recovery. The production of mined metal at the Zinc International division for the fourth quarter was 50,000 tonnes, up 52 per cent year-on-year, the company said in a statement. The conglomerate also registered a 41 per cent increase in the production of copper cathode, which stood at 44,000 tonnes. Iron ore production in the January-March period was at 2.1 million tonnes, up 22 per cent from the year-ago period. The total saleable steel production increased 4 per cent year-on-year, driven by increase in hot metal
Vedanta Ltd on Monday said it will set up a modern aluminium park in Odisha's Jharsuguda, close to its aluminium smelter. Spanning over 253 acres, the park will attract more than 100 micro, small and medium enterprises (MSMEs) and generate 2 lakh employment opportunities, the company said in a statement. Vedanta would invest Rs 1 lakh crore for setting up of the park and an aluminium plant of 3 million tonnes per annum (MTPA) capacity in Rayagada district, it said. Our journey in Odisha has been nothing short of transformative. From breaking barriers with the country's first women-operated potline to fostering sustainable growth through our skill development and environmental initiatives, we are deeply committed to shaping Odisha's bright future, said Vedanta Aluminium's chief operating officer (COO), Sunil Gupta. Our latest investment of Rs 1 lakh crore is a testament to our enduring belief in the state's potential to lead India's industrial revolution, he said. At the Utkarsh ..
A parliamentary panel has criticised state-owned Nalco for spending less than 50 per cent of the targeted capex of Rs 2,000 crore in the first 10 months of 2024-25. "Against the targeted capex of Rs 2,000 crore by Nalco for the year 2024-25, the end of January 2025, the capex stood at Rs 879 crore, i.e. less than 50 per cent of the targeted amount. "The committee would like to be apprised of the slow pace of capex in the first 10 months of the year...," the Standing Committee on Coal, Mines and Steel has said report submitted to Parliament. It further said the company is neither availing nor proposes to avail any budgetary support from the Centre. The plan outlay is being managed entirely through internal resources only. The company has achieved its targeted expenditure in 2020-21, 2022-23, and 2023-24. "In FY 21-22 there was only marginal shortfall and achievement was 99.2 per cent of its targeted capex. In FY 19-20, the company achieved 93.2 per cent of targeted capex," it ...
The country's iron ore production rose by 3 per cent to 182.6 million tonnes (MT) in the April-November period of the current fiscal. India's iron ore output was 177.2 MT in the year-ago period, according to the provisional data. The mines ministry in a statement said that the country's manganese ore output rose by 9.5 per cent to 2.3 MT in April- November period over 2.1 MT during the corresponding period of the previous fiscal year. Production of chromite rose to 2 MT over 1.8 MT in the year-ago period. The production of bauxite also rose by 8.9 per cent to 15.9 MT in April- November period over 14.6 MT in the corresponding month of the previous fiscal. "In the non-ferrous metal sector, primary aluminium production in FY 2024-25 (April-November) posted a growth of 1.1 per cent over the corresponding period last year, increasing to 27.91 lakh tonnes (LT) in FY 2024-25 (April-November) from 27.60 LT in FY 2023-24 (April-November)," the mines ministry said. India is the second-larg
Metal and mining major Vedanta on Friday announced an investment of Rs 1 lakh crore in Odisha to set up an alumina refinery and an aluminium plant in the state. The Anil Agarwal-led group has already invested Rs 1 lakh crore across assets in the state. The new investment will be in setting up a 6 million tonne per annum (MTPA) alumina refinery and a 3MTPA green aluminium plant, a statement from Vedanta said. It will create 2 lakh jobs in the state and help Odisha achieve its goal of becoming a USD 500 billion economy by 2030. Vedanta Chairman Anil Agarwal met Odisha Chief Minister Mohan Charan Majhi earlier during the day in the financial capital. Majhi is in Mumbai for a roadshow to be held on Saturday, ahead of an investor summit in Odisha in January 2025. Commenting on the new investment commitment, Agarwal said Odisha has always played an important role in Vedanta's growth and affirmed the company's commitment to drive large-scale industrialisation in the state. The new inves
The government on Wednesday eased import norms for raw and calcined pet coke and permitted the inbound shipments to cater entirely to the domestic needs of aluminium and other industries. Earlier, it was allowed only for the aluminium industry. "Import of RPC (raw pet coke) and CPC (calcined pet coke) shall be permitted to cater entirely to the domestic needs of aluminium industry and other industries," Directorate General of Foreign Trade (DGFT) said in a notification. Pet coke is used for fuel purposes. In a separate notification, it said that Odisha's forest, environment and climate change department has been allowed additional time of 12 months for export of red sanders heart wood in log form. This wood is an endangered species of flora protected under the Convention of International Trade in Endangered Species of Flora and Fauna. Red sanders is found mainly in the Seshachalam hill ranges spread across Kadapa, Chittoor and Kurnool in the Rayalaseema region and parts of Nellor