Study Advocates State Support for Aluminium Industry Decarbonization

Indian Coast Guard, Hindalco tie-up for indigenous shipbuilding materials

The Defence Ministry announced a strategic collaboration between the Indian Coast Guard (ICG) and Hindalco Industries, a leading industry group, aimed at bolstering the country's maritime capabilities. Through a Memorandum of Understanding (MoU) signed in New Delhi, the two entities agreed to facilitate the manufacturing and supply of indigenous marine-grade aluminium to both public and private shipyards across India for ship construction projects.

This collaboration holds significant implications for enhancing domestic shipbuilding capabilities, as it ensures a reliable and consistent ..

Study Urges State Support for Aluminum Decarbonization

A recent study emphasises the importance of state support in facilitating the decarbonization of the aluminium industry. The findings underscore the pivotal role of government policies and incentives in promoting sustainability and reducing carbon emissions in the manufacturing sector.

The aluminium industry is a significant contributor to global carbon emissions, with the production process being energy-intensive and reliant on fossil fuels. To address this challenge and mitigate the industry's environmental impact, the study suggests that states should play a proactive role in promot..

Vedanta Aluminium organises "AutoEdge"conclave

Vedanta Aluminium, India?s largest producer of aluminium, recently organised AutoEdge 2024, an industry conclave for the automotive sector, in New Delhi. Aluminium, responsible for enabling several forms of modern transportation, has also established itself as a critical raw material for automotive manufacturing. The event featured expert-led sessions on the future roadmap of the sector and the role of aluminium in its transformation and was an opportunity to identify new areas of collaboration. Top automakers and essential component manufacturers from the industry participated in the event. <..

Jindal Stainless Fuels Vande Metro

Jindal Stainless Ltd has made headlines by supplying high-strength stainless steel for the Vande Metro trains, set to launch in July. The company's shares surged 4.63%, closing at ?711.40 on the BSE, raising its market cap to ?58,579 crore. The 201LN stainless steel used in the train coaches is lightweight, energy-efficient, and highly durable, ensuring enhanced safety and corrosion resistance. This development marks a significant contribution to India's railway sector, promising improved passenger experience on shorter routes up to 250 km.

The Vande Metro trains, designed for short-di..

Q4 profit: Jindal Stainless reports a 34.6% fall

On account of lower steel prices and weak international demand, India's Jindal Stainless reported a 34.6% fall in fourth-quarter profit.

The country's biggest stainless steel maker by volumes posted a consolidated net profit of $60 million for the quarter end. Despite robust demand for steel from the construction and automotive sectors of one of the world's fastest-growing economies, manufacturers have been grappling with the impact of declining steel prices.

At the conclusion of the quarter, the nation's largest producer of stainless steel by volume reported a combined net..