India

Federal Auditors Take Nalco To Task For Weak Performance And Lost Financial Opportunities

Federal Auditors Take Nalco To Task For Weak Performance And Lost Financial Opportunities

India’s state-owned aluminium producer National Aluminium Company Ltd was taken to task last week by the national auditor for failing to perform to expectations and acting slowly in developing coal mines given to it by the government. The Comptroller and Auditor General...

Events

India’s Commerce Ministry Lends Support To Increasing Import Duties On Aluminium

An increase in import duties on aluminium entering India gained more momentum this week, as Union Minister Suresh Prabhu revealed that the country’s commerce ministry favors such a measure as a means to protect domestic manufacturers. “That is a proposal to protect our domestic industry. The proposal is under examination and we support the proposal,” […]

Indian Government Mulling Increase In Aluminium Import Duty

Responding to months of pressure from its domestic aluminium sector, the Indian government is contemplating an increase to import duties for aluminium shipped in from overseas. According to unnamed sources who spoke with domestic media, major industry players have been lobbying for the change, noting a spike in shipments of primary and scrap aluminium. Per […]

Indian Trade Group Seeks End To 2.5-Percent Duty On Imported Scrap Aluminium

An Indian scrap metals trade group appealed to the government last week to remove the 2.5 percent import duty on aluminium scrap, setting aright the inverted duty structure on aluminium scrap now in place. The Metal Recycling Association of India criticized the tariff, which is in place despite the assessment of no tariffs on finished […]

Nalco Announces Plans For A ₹5.52 Billion Downstream Aluminium Project In Central Odisha

Fresh off the development of a downstream aluminium plant in conjunction with Odisha Industrial Infrastructure Development Corporation (Idco) and the announcement of plans to partner with Rusal and Almex on other downstream projects, India’s National Aluminium Company (Nalco) announced earlier this week plans to invest ₹5.52 billion (US$76 million) in another downstream aluminium project to […]