ALUMINIUM News Archives
Vedanta denies mining at Niyamgiri Hills
London listed Vedanta Aluminium Limited (VAL), which has already set up its 4,500-crore refinery project at Lanjigarh in the poverty-hit Kalahandi district much ahead of the schedule and now is expanding to one million ton refinery on Thursday denied exploitation of bauxite from Niyamgiri Hills... Read More
Vedanta denies regulatory violations at Orissa’s Lanjigarh Alumina refinery
The Ministry of Environment and Forests (“MOEF”) in a statement issued today refused the final approval to the Orissa Mining Corporation (“OMC”) proposal for the bauxite mining at Niyamgiri hills, in the state of Orissa, following recommendation of Dr. N.C Saxena committee... Read More
Rahul Gandhi visits Orissa’s Niyamgiri
Congress General Secretary Rahul Gandhi visited Niyamgiri in tribal-dominated Kalahandi district on Thursday. Mr. Gandhi addressed a tribal rally at Jagannathpur on the occasion of ‘Tribal Rights Day’... Read More
Vedanta to acquire Cairn India
In one of the biggest buyouts of a domestic company, London Stock Exchange-listed Vedanta Resources will take a majority stake in Cairn India for almost $10 billion... Read More
Flexible Packaging – Solution to Packaging Problems
In today’s globalised world, products from every corner of the world battle it out on the retail shelf every day... Read More
India’s pharma strength a driver for foil sector, says Gujarat Foils
Gujarat Foils says India’s position as global pharmaceutical manufacturing hub will be a key driver for the aluminium foils sector... Read More
Nalco profit rises 125%
Public sector aluminium behemoth Nalco has posted a 125 per cent rise in net profit at Rs 284 crore in the first quarter of this fiscal against Rs.127 crore in the corresponding period last year... Read More
Orissa: Vedanta Aluminium signs MOU with NIT-Rourkela for waste utilization
Vedanta Aluminium Limited, Lanjigarh in its efforts to make Alumina Refinery as Zero waste plant, signed a Memorandum of Understanding with National Institute of Technology, Rourkela (NITR) to develop technologies for recovering iron oxide from waste generated in Alumina Industry... Read More
Trade talks: India's appetite for British business
George Osborne has called India's rapidly growing middle class a "huge opportunity" for business. But what's the true picture? Economics editor Faisal Islam meets the Indian firm with doubts over the UK's car commitments... Read More
Local Demand Driving Auto Component Market in India
The auto component production in India is expected to grow at a CAGR of around 15% during FY 2011–FY 2014 on account of low production costs and increasing demand from the automobile industry... Read More
Honda Siel Cars India to expand its Power Train facility in Rajasthan
The expansion of its Tapukara plant is expected to help set the base for the Honda New Small car, scheduled for launch sometime next year... Read More
'India to spend $80 bn on defence acquisitions by 2015'
India's defence spending is expected to touch about $80 bn over the next five years, creating opportunities for global aerospace (A&D) and defence companies, says consulting firm Deloitte... Read More
UK Defence Industry Welcomes Closer Ties with Indian Industry
A|D|S, the UK’s AeroSpace, Defence and Security trade organisation welcomed the announcement that BAE Systems, Rolls-Royce and Hindustan Aeronautics Limited (HAL) will supply the Indian Armed forces with 57 Hawk trainer aircraft and ensure 200 jobs in the UK... Read More
Japan's JFE eyes billion-dollar stake in India's JSW
Japan's JFE Holdings said Tuesday its steel unit plans to buy a near 15 percent stake in India's JSW Steel for around one billion dollars as it looks to boost its presence in the fast-growing market... Read More
India looking closely at Afghan minerals
As Afghanistan begins to invite suitors for its mineral assets, India is already considering teaming up with China to make the most of the offer... Read More
Car makers dash for aluminium
Aluminium, after a lull, is all set to rock in the metals sector as more and more car makers are now opting for this metal to cut down on the weight of vehicles... Read More
Mining Project to bring development for Dongria Kondh People in Orissa says Jitu Jakasika
"Dongria Kondh Community want development and mining from Niyamgiri will bring a lot socio-economic development opportunity for the tribals... Read More
RCL sees revival in demand for coke
Rain Commodities Limited (RCL), which owns the Priya brand of cement, is looking at increased revenue contributions from fuel-grade coke business to about 10 per cent in a year from the present 2 per cent. The total revenues of the company as of December 2009 stood at Rs 3,633 crore... Read More
Euro zone crisis hits UP exporters
The euro zone crisis has hit the exporters in Uttar Pradesh, as the industry was slowly recovering from the slowdown in the US market and the credit squeeze in the domestic financial system... Read More
Auto majors rule out price hike for now
Domestic carmakers such as Maruti Suzuki, Hyundai Motor India and GM India have decided not to increase prices for now in spite of increasing input costs and soaring monthly sales on year-on-year basis... Read More
Buy Manaksia; target of Rs 140: Sunidhi Sec
"Manaksia claims to be the largest player in secondary aluminium rolling in India. Going forward, the company plans to focus on its metal business, which mainly consists of steel and aluminium-rolled products... Read More
Siemens mulls 35 million euro for India, China ops
Siemens group plans to invest e35 million by 2013 in India and China to strengthen local operations of its wholly-owned metal and mining technology solutions firm Siemens VAI... Read More
India Inc shoulders greater raw material burden in Q4
Global economic recovery, which boosted demand across the spectrum of industries, has pushed up input costs for Indian corporates in the fourth quarter of 2009-10. An FE study reveals that the aggregate expenditure of 1,141 companies on raw materials increased by 49.6% to Rs 1.91 lakh crore during January-March’10 from Rs 1.28 lakh crore during January-March’09... Read More
Vedanta profits jump on recovery
Vedanta Resources, the FTSE 100 mining group controlled by Indian billionaire Anil Agarwal, post a 56pc rise in full-year profits, as demand for metals rebounded. The results were ahead of City expectations... Read More