Aluminium Industry

Taural India bets on exports, localisation to reach turnover of ₹1,000 cr

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 industry seeks duty relief to boost competitiveness

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 ...

Vedanta Aluminium Metal may emerge as strongest performer after demerger

Analysts see the aluminium business as the most attractive near-term play among the newly listed Vedanta entities, aided by scale, low costs and favourable commodity trends

Hindalco sees steady Novelis earnings, strong domestic demand in 2027

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 sets May 1 as record date for long-awaited demerger plan

Vedanta moves ahead with restructuring plan to split into four independent listed entities, with shareholders to receive one share in each business

Aluminium extrusion industry cuts production amid West Asia crisis

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

Trump admin set to roll out tiered tariffs on steel, aluminium imports

US plans 50% tariffs on many derivative goods, based on import value while others will face 25% duties, with some products taxed at even lower rates

Near-term growth gains for aluminium producers as prices surge

GCC supply disruptions and rising global prices boost outlook for Indian aluminium producers, with integrated players likely to benefit from tighter supply

Aluminium extrusion industry grappling with LPG, PNG crisis amid Iran war

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 ...

Aluminium extrusion industry seeks Covid-style relief after shutdowns

Writes to three ministries flagging MSME stress; seeks lower interest rates, loan moratorium, and working capital support amid shutdowns and fuel supply disruptions

Alternative West Asia shipping routes provide relief for aluminium prices

Aluminium prices ease as Emirates Global Aluminium secures alternative export routes, easing supply fears linked to tensions around the Strait of Hormuz

Aluminium nears $3,500 a tonne as major smelter slashes output in West Asia

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

Aluminium industry seeks exemption from 50% RoDTEP rate cut on exports

Industry body urges DGFT to exclude aluminium products from 50% RoDTEP rate reduction, citing rising tariff barriers, shrinking export opportunities and growing global competition

Aluminium long-term fundamentals constructive: Kotak Institutional Equities

Aluminium prices have dropped 6 per cent to $3,056 a tonne from their recent peak of $3,252 on the London Metal Exchange

AM Green, Mitsui explore potential investment, offtake for green aluminium

Dec 18 (Reuters) - India's AM Green and Japan's Mitsui & Co have signed a non-binding agreement to explore a potential investment in the former's green aluminium business, the companies said on Thursday.

FIMI pushes for 15% aluminium duty, flags import surge, poor-quality scrap

FIMI has urged the Finance Ministry to raise the basic customs duty on aluminium products to 15 per cent, citing rising imports, poor-quality scrap inflows and the pressure

YES Sec initiates coverage on Nalco with 'Add', sees 16% upside: Check TP

Nalco share price today: YES Securities values the company at 6x H1FY28E EV/Ebitda and arrives at a target price of ₹247

Aluminium industry needs policy support for next phase of growth: Hindalco

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

Govt plans support package for steel, aluminium sectors amid US tariffs

The government is preparing a support package to help steel and aluminium industries after the US hiked import tariffs to 50 per cent, raising concerns of dumping and demand slump

Nalco to invest ₹30K crore in smelter and coal power plant, says CMD

The state-run aluminium producer plans to allocate about ₹18,000 crore for establishing the proposed smelter in Odisha, Chairman Singh added