India became the second largest aluminium producing country in the world excluding China in 2018. With the strength of its integrated business model, excellent operational capabilities, stable operations and enriched product portfolio, Hindalco (plus Utkal Alumina) made significant profits in FY19. They are focusing on downstream segment for its domestic output. Primary aluminium productions from […]
Notwithstanding unfavorable economic conditions around, there is one company that is still projecting a positive picture in the metal market. The London Stock Exchange-listed, Anil Agarwal’s Vedanta Resources has given a sturdy outlook for commodity markets, despite low aluminium price, a weak Indian rupee and ever increasing cost of production. The company is working on […]
Aluminium majors in India like Nalco and Hindalco are under tremendous market pressure due to dropping aluminium price in the London Metal Exchange (LME) and higher production costs. Nalco is taking up a number of strategies to cope with the growing cost and declining price and profit margin. Nalco is the third-largest producer of aluminium […]