Nalco’s Odisha Aluminium Smelter Reaches Full Production For The First Time In Company History
Indian state-owned aluminium smelter National Aluminium Company Limited (NALCO) has, for the first time in its history, achieved full operation...
Odisha
Indian Government Plans Second Aluminium Plant At Angul
India’s government said last week that plans are in the works for a 300-acre aluminium business park in Angul alongside another 223-acre tract approved for a new aluminium park at the site. The Odisha Industrial Infrastructure Development Corporation (IDCO) said that the...
Indian Court Halts Odisha’s Auction Of Karlapat Bauxite Ore Tract
The government of the Indian state of Odisha has suspended the auction of the Karlapat bauxite and iron ore block...
Vedanta Plans US$300 MM In Capital Expenditures In Current Fiscal Year
India’s premier aluminium smelter Vedanta Ltd. plans to spend US$300 million during the current fiscal year. This is according to...
Events
India Steel Minister Pushes For Quick Completion Of Angul Aluminium Park
India’s steel minister Dharmedra Pradhan went on record Saturday in full support of a speedy completion to Angul Aluminium Park after a meeting between the project’s partners National Aluminium Company (NALCO) and the Odisha Industrial Infrastructure Development Corporation. Also present was chairman-cum-managing director of Nalco Sridhar Patra, and IDCO CMD Sanjay Singh, among others. “The […]
Indian Government Approves Hindalco Plan For Second Alumina Refinery In Odisha
Indian aluminium smelter Hindalco obtained permission from the national government earlier this week for its planned greenfield alumina refinery in the western state of Odisha. According to reports, the High Level Clearance Authority (HLCA) gave its blessing to Hindalco’s plan, which is an ₹8,000-crore (US$1.1 billion) project to be built with a nameplate capacity of […]
Vedanta Plans Flat-Rolled Aluminium Plant For Eastern India
A top official at Indian aluminium smelter Vedanta told local media this week that his firm plans to enhance its value-added portfolio with the construction of a INR2,500 crore aluminium flat rolled products plant. The Chief Executive Offiecer of Vedanta Aluminium and Power Ajay Kapur said that the move will be part of a larger […]
Expected Tepid Response Delays Odisha’s Auction Of Bauxite Blocks
Despite residing above over half the country’s total known bauxite reserves, the Odisha government has yet to place a single block up for online auction to date. According to experts, state officials have thus far backed away from auctioning the blocks over concerns that the bauxite ore outcroppings will not draw the sort of significant […]
Vedanta Pushes Alumina Production Cost To Record Low In Previous Quarter
Indian metals miner Vedanta Ltd produced alumina at the lowest cost in two years during the prior quarter, with the cost per metric ton falling by 17 percent to US$284. In an investor presentation prepared on the first quarter of fiscal year 2020, Vedanta said better bauxite sourcing from the government via Odisha Mining Corporation […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
