Aluminium Makers

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

The Aluminium Association of India (AAI), has urged the government to exempt aluminium products from the recent RoDTEP rate cut as it would help Indian exporters remain competitive in the international market. AAI, the apex body representing the top aluminium producers within the country, in its representation to the Directorate General of Foreign Trade (DGFT), has requested the government to remove aluminium exports from the recent 50 per cent RoDTEP cut, just like the government has already done for agricultural products. The export support scheme, Remission of Duties and Taxes on Exported Products (RoDTEP), launched in 2021, provides for a refund of taxes, duties and levies that are incurred by exporters in the process of manufacturing and distribution of goods, and are not being reimbursed under any other mechanism at the Centre, state or local level. It also made a plea to the government to fix RoDTEP rates for 2026-27 based on the actual taxes exporters bear, so that aluminium

Hindalco stock rose 2% on Friday. Looking ahead, the management expects the company's integrated business model, strategic investments and cost discipline to help deliver sustained growth.

The Hindalco plant, which will be in Andhra Pradesh's Kuppam, will supply aluminium for the production of Apple's iPhone chassis

A public utility service refers to an industry or service considered essential for the community's well-being and functioning

Company reports higher-than-expected Q3 PAT at Rs 1,877 crore, up 77% YoY

The prevailing economic slump and auto sector stress are likely to moderate consumption of aluminium products

He urged the Indian aluminium companies to step up value addition and focus on creating wealth out of waste

The Chinese challenge will likely heighten tension between the world's two largest economies

MIP helps check cheaper imports from China, West Asia

Domestic aluminium industry faces a major threat from China and West Asian countries