Aluminium Sector

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

Hindalco expects high double-digit growth in domestic aluminium ‌downstream business in FY27, driven by ramp-up at its new rolling facility, Aditya FRP, and expansion into higher-value products

Vedanta announced that May 1, 2026, will be the record date for its long-awaited demerger. The stock will turn ex-date on April 30 because May 1 is a market holiday.

The Nifty Metal index fell over 3 per cent to hit an intraday low of 11,052.55, dragged by Hindustan Copper, Hindustan Zinc, APL Apollo Tubes, Tata Steel, SAIL, Adani Enterprises, and Jindal Steel

The West Asia accounts for some 9 per cent of the world's aluminum output, and Alba's cuts add to other reductions that have stoked supply fears

Aluminum rose as much has 1.6 per cent to $3,499.50 a ton, the highest since April 2022, on the London Metal Exchange, following a gain of almost 10 per cent last week

Sultanate highlights incentives, energy cost advantages and export access as it invites Indian manufacturers to invest in downstream aluminium operations

The Aluminium Association of India has warned that unchecked imports could meet over half of India's aluminium demand by FY26, threatening domestic producers

Vedanta has invested Rs 12,500 crore to expand aluminium, zinc, copper, steel, nickel and ferrochrome capacity to support the growing demand from India's EV industry

The US Trump administration has levied a flat 27% tariff on Indian goods with some exemptions. Here how domestic players have been impacted

A complex and unwieldy regulatory and monitoring process could raise the costs for Indian companies

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 ...

Consolidated earnings before interest tax depreciation and amortisation (Ebitda) declined by 29 per cent YoY in Q2 to Rs 5,743 crore on higher input costs

Lockdowns in China, energy shortages in Europe and tightening interest rates may have an impact on production, leading to lower supply

S&P Global's Manufacturing Purchasing Managers' Index dips slightly to 56.2 in August from 56.4 in July

Domestic firms had alleged that subsidised imports from Malaysia are causing material injury to them and had requested the imposition of countervailing duties on the imports

In Q4, Novelis reported 15 per cent YoY decline in adjusted EBITDA at $431 million primarily due to short-term operational cost challenges.

The letter has been prompted by a recent adhoc decision by state-run CIL to further curtail road and rake supplies of coal to the non-power sector, without any advance notice

The Aluminium Association of India (AAI) on Wednesday expressed urgent need for at least 5 per cent remission rate for the sector under the tax refund scheme RoDTEP to ensure global competitiveness.

Tata Steel, JSW Steel, SAIL, Jindal Steel and Power (JSPL) all continued their downtrend and are trading 11-19 per cent lower since the end of April