Page 4 - Aluminium Industry

Better off than most competitors during Covid crisis: Jindal Aluminium MD

In a Q&A, Pragun Jindal Khaitan says his firm has a well-diversified product mix, so if there is a loss in demand in one sector, it makes up by pushing innovation and new products in another

Govt ends monopoly over coal; opens mining sector to private players

Joint auctions of bauxite and coal blocks expected to reduce dependence on imports

Aluminium firms seek tariff, non-tariff support fearing sluggish demand

India's aluminium consumption is tipped to reduce by 1.5-2 million tonnes in FY21 as the pandemic has considerably weakened demand from consuming industries

Coronavirus takes away the sheen from Hindalco's Aleris acquisition

While two units are to be divested, outlook for high-end aerospace business is soft

Budget 2020: Aluminium industry seeks lower import duty on raw materials

AAI said Indian aluminium industry is under immense threat and struggling to retain global competitiveness

Aluminum players urge govt to reduce customs duty on critical raw materials

AAI has also suggested to the government to increase import duty on 'aluminium scrap' at par with primary aluminium metal to 10 per cent from the present 2.5 per cent

How low tariffs have turned India into a dumping ground for aluminium scrap

Aluminium recyclers are happy that scrap is spared any extra customs duty burden

Vedanta-Balco's new products paving way for Make in India: CEO Abhijit Pati

The head of one of India's top aluminium producers is bullish about the offtake of the metal by auto makers and construction players once the slowdown is over

Fearing no response, Odisha govt delays auctioning of bauxite blocks

Across the country, six bauxite blocks have been offered for competitive bidding. All six blocks have been auctioned in Maharashtra, data from the Union mines ministry website showed

Why the aluminium industry is having a hard time

Aluminium is a highly power-intensive industry, with power accounting for 40% of the production cost

Recycled aluminium demand surges 800 bps over 3 fiscals: CRISIL Research

Primary aluminium makers focus on exports and value-added products

Daiki Aluminium to invest Rs 250 crore, will create 600 jobs

The plant will be built on a 20-acre plot in the Domestic Tariff Zone (DTZ) and is expected to be commissioned by February 2020

Domestic aluminium firms differ on protective steps to curb rising imports

The secondary aluminium players see no change in their business situation at least in the near term

Rising input costs, soft LME prices to dent aluminium makers' profits

Data from the Directorate General of Commercial Intelligence and Statistics shows Chinese aluminium import into India having risen 62% year-on-year in the first eight months of this fiscal

Aluminium industry opposes import duty hike, says MSMEs, SMEs will suffer

Kishore Rajpurohit, Director, MRAI, believes that increase in import duty on aluminium scrap would render 3500 units

Coal shortage, scrap imports worsen price fall pain for aluminium industry

Raw material bottlenecks and logistical issues making fall in price look more painful, say industry officials

Primary aluminium exports jump 21% in H1, but producers hit by import surge

The import surge stifled the domestic producers who had to be content with a measly two per cent sales growth in this period

Aluminium usage in auto industry gaining traction: Icra Research

A report by Icra Research shows the share of the automobile industry in domestic aluminium consumption has steadily grown from 16 per cent in 2008-09 to 25 per cent in 2017-18

Indian companies ask govt to restrict Chinese aluminium imports

In a presentation made by the Aluminium Association of India (AAI), the industry told the government that manufacturers were suffered owing to the impact of unfavourable Free Trade Agreements

Mounting input costs rattle aluminium producers Vedanta, Hindalco, Nalco

A sharp increase in input costs has eroded gains from buoyant prices on LME