Hindalco

Novelis’ Net Sales Jumped By 18 Percent On The Year To US$3.1 Billion During Last Quarter

Novelis’ Net Sales Jumped By 18 Percent On The Year To US$3.1 Billion During Last Quarter

Atlanta’s rolled and recycled aluminium firm Novelis Inc. released results for the second quarter of its fiscal year 2019 yesterday, turning in numbers largely down from the same period last year despite a rise in sales. In the just-ended quarter, Novelis reported...

Events

Utkal Alumina Expansion To Be Complete Within 30 Months – Hindalco’s Pai

Hindalco subsidiary Utkal Alumina International told domestic media on Wednesday that the 500 thousand metric ton per annum expansion at its plant in Rayagada is scheduled to be completed within the next 2-1/2 years. Hindalco’s managing director Satish Pai elaborated upon the firm’s progress at the plant. “Our Utkal plant remains the most efficient producer […]

AAI’s Call For Limits on Aluminium Imports Favor Big Smelters At SMEs’ Expense – ASMA

An Indian association of secondary aluminium manufacturers issued a scathing rebuke to comments made last week by the Aluminium Association of India calling for restrictions on aluminium imports from the People’s Republic of China. In a letter issued to India’s Business Standard, carbon-copied to Aluminium Insider, and signed by Anil Agarwal, Indian trade group Aluminium […]

India’s Aluminium Sector Asks Government for Import Quotas on Chinese Scrap

Representatives of India’s aluminium sector approached government leaders earlier this week to petition for the imposition of import quotas on the metal, as concerns that tremendous amounts of aluminium scrap from the People’s Republic of China that has been turned away from the United States by the Trump administration’s tariffs may soon be cascading towards […]

Vedanta Firms Up Steady Local Bauxite Supply for Lanjigarh Refinery at OMC Auction

The results of Odisha Mining Corporation’s (OMC) first-ever bauxite auction were a boon for Vedanta, who finally secured a steady stream of affordable bauxite ore for its refinery at Lanjigarh. The deal is currently projected to have OMC providing 800 thousand metric tons of bauxite to Vedanta over the course of the current financial year […]