Aluminium producers likely to see pressure on profits: NALCO CMD, T.K. Chand

Falling global prices of alumina and aluminium are likely to put pressure on Indian producers of primary aluminium, which have achieved nearly full capacity utilization, said Tapan Kumar Chand, chairman and managing director, National Aluminium Corporation (Nalco) while addressing shareholders at the company’s annual general meeting, reports Business Standard. He also said that domestic prices were linked […]

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FLSmidth to expand Hindalco’s alumina refinery in Odisha, India

Denmark-based FLSmidth will supply machinery and equipment for the 0.5 million tonnes peer annum extension of the world class refinery of Utkal Alumina International Limited (UAIL) in Odisha. Utkal Alumna International is a wholly-owned subsidiary of Hindalco Industries, an industry leader in aluminium and copper. It is the metals flagship company of the Aditya Birla […]

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India’s non-ferrous metal firms raise concerns over New Delhi joining RCEP – report

India’s biggest non-ferrous metal companies have sounded a warning on the country joining the 10-member Regional Comprehensive Economic Partnership (RCEP) on fears of another blow to their business after their experience of the India-ASEAN free trade agreement, the Economic Times newspaper reported. These companies — Hindalco, Vedanta, Hindustan Zinc, Hindustan Copper and Nalco — with […]

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Vedanta to save Rs 800 per tonne in long-term bauxite deal with Odisha Mining Corporation

After years of struggle to secure raw material for its Lanjigarh alumina refinery, Vedanta Resources has finally clinched a deal with state-owned Odisha Mining Corporation (OMC) for the supply of bauxite to its beleaguered plant. As a result of this deal, Vedanta will receive 0.8 million tonnes of bauxite from the OMC in the current financial year at a price estimated to be Rs 700 to Rs 800 […]

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