Challenging market to affect Hindalco's performance: Birla

The challenging conditions in the commodities market, particularly the aluminium sector, will impact Hindalco's performance in the short term, the company's Chairman Kumar Mangalam Birla said Wednesday.

Aluminium industry leaders meet Jaitley, ask import duty hike
Aluminium industry leaders meet Jaitley, ask import duty hike

The delegation from industry body Aluminium Association of India was led by Vedanta Group CEO Tom Albanese, Hindalco Deputy Managing Director D Satish Pai and Nalco CMD T K Chand.

Vedanta Aluminium goes on workforce reduction, cost cuts

Mining giant Vedanta Resources has resorted to "aggressive cost reduction" and "workforce reduction" in its aluminium segment amid subdued and volatile market conditions globally.

Nalco to invest Rs 30,000 crore in Odisha

Aluminium major National Aluminium Company Ltd (Nalco) said it will invest Rs 30,000 crore in Odisha, which has unveiled a new industrial policy aimed at attracting investments worth Rs 1,73,000 crore.

New battery can charge cellphones in 6 minutes

Scientists have developed a new battery made with aluminium-filled capsules that could charge your cellphone in six minutes.

Hindalco slides nearly 3% as Q1 net plunges

Shares of aluminium maker Hindalco today fell nearly 3 percent after the company reported a steep 67 percent drop in standalone net profit for the June quarter.

Japanese 'WalkCar' that fits into a backpack

 A Japanese engineer has developed a portable transporter small enough to be carried in a backpack.

Vedanta may cut jobs at aluminium unit as prices tank

The aluminium business of Vedanta Ltd has scaled down operations and may make "huge" job cuts due to low world prices and rising imports, its head told Reuters, urging the government to double the tariffs on foreign supply.

Hindalco Q4 profit falls 36% to Rs 160 crore

The Aditya Birla Group flagship had posted net profit of Rs 248 crore in the January-March period of the previous fiscal, 2013-14, it said in a BSE filing.

Rajsamand: 13-year-old girl generates electricity from cow’s urine

Sakshi Dashora, a student of Gadvada Vyas Academy, made a project ‘Importance of cow breed in 21st century’ entailing the scientific use of cow’s urine and cow dung. She showed how electricity is generated from cow’s urine.

Vedanta Aluminium gets village's nod to expand refinery

Vedanta Aluminium has been struggling to source sufficient bauxite to feed the 1 million tpy alumina refinery since its commissioning in August 2007.

Nalco Q4 Net dip by 30% to Rs 172 crore

National Aluminium Company Ltd (Nalco) Wednesday reported 29.9 percent drop in net profit at Rs 172.45 crore for the quarter ended March 31 on the back of lower income and higher expenses.

Vedanta's oil, zinc output up in FY14; iron ore, copper down

Output of refined zinc rose 11 percent to 7.49 lakh tonnes, while mined metal zinc content rose 1 percent.

Nalco capex down by 32% at Rs 1,181 cr for 2014-15

Aluminium producer Nalco' capital expenditure target has been pruned by 32 percent to Rs 1,181 crore for 2014-15 due to repeated failure of the PSU in meeting targeted expenditure in previous years.

Govt likely to divest remaining Balco shares via auction route

The government is likely to sell its remaining stake in aluminium major Balco through auction route following Law Ministry's opinion that "there appears no constitutional or legal issue involved" in selling shares of the company via offer for sale (OFS) method.

NALCO plans new ventures, expansion, diversification

Despite declining prices and adverse market conditions, aluminium giant NALCO, which posted 4.75 percent jump in sales turnover at Rs 6,809 crore in 2012-13, has plans for ambitious new ventures, expansion and diversification programmes, a top company official said Friday.

FMC slaps additional 5% margin on base metals; may hit traders

Commodity market regulator FMC has imposed an additional margin of five percent on base metals trading in futures, to tackle volatility in the market.

Nalco declares Rs 193.29 cr interim dividend for FY'13

Aluminium major Nalco Thursday declared an interim dividend of Rs 193.29 crore for 2012-13, which includes central government's share of Rs 156.68 crore.

Vedanta's oil, copper, aluminium output up; iron ore, zinc down

Diversified conglomerate Vedanta Resources on Wednesday reported a significant increase in production of oil, copper, aluminium, lead and silver in 2012-13, but its iron ore, zinc and alumina output showed a marked decline.

NALCO hikes aluminium prices by Rs 5,000 per tonne

State-owned National Aluminium Co. Ltd. (NALCO) has increased prices of all its products by Rs.5,000 per tonne, a senior company official said Sunday.