Hindalco Industries

Indian Oil Corporation completes second round of investment in Phinergy, bringing its holding in the company to 17%

Retrieved on: 
Wednesday, February 14, 2024
Oxygen, Indian Oil Corporation, Atmosphere, Tata Motors, Indus Towers, TEL, Oil, Maruti Suzuki, Metal, Electricity, Hindalco Industries, Telecommunications, Renewable energy

TEL AVIV, Israel, Feb. 14, 2024 /PRNewswire/ -- Phinergy (TASE: PNRG) - which develops metal-air technology that produces electricity by combining oxygen from the air with metals - is delighted to announce that multinational energy giant, Indian Oil Corporation, has completed its second round of investment in the company in the amount of $12.5 million. This brings Indian Oil's holding in Phinergy to 17%, purchased in two installments for a total of $25 million, based on an average company value of $146 million.

Key Points: 
  • This brings Indian Oil's holding in Phinergy to 17%, purchased in two installments for a total of $25 million, based on an average company value of $146 million.
  • Over the years, Phinergy has established strategic activity in the Indian subcontinent, comprising a comprehensive energy ecosystem and applications in the world of telecom backup power.
  • David Mayer, CEO of Phinergy, says: "Phinergy is consistently moving towards its business goals, while increasing its presence in Israel, Europe and India.
  • We are proud that our partner in India - Indian Oil Corporation - has decided to increase its holding, after years of fruitful cooperation in building a comprehensive ecosystem in the Indian subcontinent.

Indian Oil Corporation completes second round of investment in Phinergy, bringing its holding in the company to 17%

Retrieved on: 
Wednesday, February 14, 2024
Oxygen, Indian Oil Corporation, Atmosphere, Tata Motors, Indus Towers, TEL, Oil, Maruti Suzuki, Metal, Electricity, Hindalco Industries, Telecommunications, Renewable energy

TEL AVIV, Israel, Feb. 14, 2024 /PRNewswire/ -- Phinergy (TASE: PNRG) - which develops metal-air technology that produces electricity by combining oxygen from the air with metals - is delighted to announce that multinational energy giant, Indian Oil Corporation, has completed its second round of investment in the company in the amount of $12.5 million. This brings Indian Oil's holding in Phinergy to 17%, purchased in two installments for a total of $25 million, based on an average company value of $146 million.

Key Points: 
  • This brings Indian Oil's holding in Phinergy to 17%, purchased in two installments for a total of $25 million, based on an average company value of $146 million.
  • Over the years, Phinergy has established strategic activity in the Indian subcontinent, comprising a comprehensive energy ecosystem and applications in the world of telecom backup power.
  • David Mayer, CEO of Phinergy, says: "Phinergy is consistently moving towards its business goals, while increasing its presence in Israel, Europe and India.
  • We are proud that our partner in India - Indian Oil Corporation - has decided to increase its holding, after years of fruitful cooperation in building a comprehensive ecosystem in the Indian subcontinent.

Aluminium industry backs new greenhouse gas initiative

Retrieved on: 
Thursday, December 7, 2023
Carbon, IAI, Climate change, Greenhouse gas, Conference, Alumina Limited, COP, United Nations, ESG, Emirates Global Aluminium, Aluminium, Hindalco Industries, Sohar Aluminium, Signature, CBA, Mitsubishi Corporation, Global warming potential, Transparency, Biodiversity, Water, COP26, Sustainable Development Goals, Companhia Brasileira de Alumínio, Nature, Novelis, Rio Tinto Aluminium, EGA, GHG, Environment, Renewable energy, Recycling, Aluminium Bahrain, Norsk Hydro

Under the new initiative, the IAI is committed to the following:

Key Points: 
  • Under the new initiative, the IAI is committed to the following:
    Report total global greenhouse gas emissions of the aluminium industry; on a public and annual basis.
  • In March 2021 the IAI published a report, Aluminium Sector Greenhouse Gas Pathways to 2050, which set out three technology pathways to emission reductions, in line with the Paris Agreement goals.
  • IAI Secretary General Miles Prosser said "The aluminium industry is committed to rapidly reducing greenhouse gas emissions and acknowledges that investment and action is required to achieve global goals.
  • Hiroshi Nakayama, General Manager of Aluminium Department Mitsubishi Corporation said: "As a member of the International Aluminium Institute (IAI), we are pleased to join IAI's GHG Initiative, which aims to reduce greenhouse gas emissions from the aluminium sector.

Copper Cathode Market to grow by USD 7.82 million during 2022-2027 | Rising demand for copper cathode from construction, electronics, and automotive industries to drive the growth - Technavio

Retrieved on: 
Wednesday, September 27, 2023
Urbanization, Lighting, Electronics, Aluminium, Aurubis, Mining industry of Russia, Glencore, Hindalco Industries, YOY, USD, Southern Copper Corporation, Antofagasta plc, Corrosion, KAZ Minerals, Nature, Iron, Freeport-McMoRan, Consumer, Growth, MMG, Copper, BHP, Transport, PDF, Population growth, Video game, Geography

Rising demand for copper cathode from the construction, electronics, and automotive industries drives the copper cathode market.

Key Points: 
  • Rising demand for copper cathode from the construction, electronics, and automotive industries drives the copper cathode market.
  • Various industries, namely construction, electronics, and automotive industries, are creating demand for copper cathodes.
  • The rising demand can be attributed to factors such as population growth, urbanization, technological advancements, and increased automobile production.
  • The report analyses the market size and growth and provides accurate predictions on the growth of the market.

Aluminum Scrap Recycling Market to grow by USD 2.99 billion between 2022 to 2027, Alcoa Corp., CASS Inc., Chiho Renewable Development Ltd., and more among key companies - Technavio

Retrieved on: 
Tuesday, September 19, 2023
Alcoa, Norsk Hydro, Pollution, Metal, Steel Dynamics, Constellium, Aluminium, Hindalco Industries, Recycling, FREE, USD, Old, Non-ferrous metal, Water, Commercial Metals Company, SE, Growth, Transport, Alloy, Nucor, Tourism, Geography

NEW YORK, Sept. 18, 2023 /PRNewswire/ -- The aluminum scrap recycling market size is expected to grow by USD 2.99 billion from 2022 to 2027.

Key Points: 
  • NEW YORK, Sept. 18, 2023 /PRNewswire/ -- The aluminum scrap recycling market size is expected to grow by USD 2.99 billion from 2022 to 2027.
  • Growing concerns over energy consumption and environmental pollution are notably driving the aluminum scrap recycling market.
  • Aluminum Scrap Recycling Market 2023-2027: Company Analysis
    Steel Dynamics Inc.- The company offers aluminum scrap recycling products and services such as Nonferrous metals, ferrous metals, aluminum, alloys and alloy wheels, and heavy machinery.
  • Hence, these factors drive the growth of the casting segment of the aluminum scrap recycling market during the forecast period.

Aluminum Foil Packaging Market worth $27.9 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, June 14, 2023
Aluminium foil, Food industry, Aluminium, Oxygen, Light, Meal, Food quality, Research, Hindalco Industries, Government, Food packaging, RUSAL, Cooking, Organization, Economic development, Growth, Heat

These initiatives drive the demand for eco-friendly materials like aluminum foil packaging.

Key Points: 
  • These initiatives drive the demand for eco-friendly materials like aluminum foil packaging.
  • Semi-rigid aluminum foil packaging is a moderately stiff packaging material made from thin strips of aluminum.
  • In 2022, Europe held a 19.12% share in the global aluminum foil packaging market.
  • The well-developed European pharmaceutical market coupled with increasing research, production, and distribution of pharmaceuticals creates opportunities for aluminum foil packaging manufacturers.

Aluminum Foil Packaging Market worth $27.9 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, June 14, 2023
Aluminium foil, Food industry, Aluminium, Oxygen, Light, Meal, Food quality, Research, Hindalco Industries, Government, Food packaging, RUSAL, Cooking, Organization, Economic development, Growth, Heat

These initiatives drive the demand for eco-friendly materials like aluminum foil packaging.

Key Points: 
  • These initiatives drive the demand for eco-friendly materials like aluminum foil packaging.
  • Semi-rigid aluminum foil packaging is a moderately stiff packaging material made from thin strips of aluminum.
  • In 2022, Europe held a 19.12% share in the global aluminum foil packaging market.
  • The well-developed European pharmaceutical market coupled with increasing research, production, and distribution of pharmaceuticals creates opportunities for aluminum foil packaging manufacturers.

Phinergy will present a Tata Motors passenger vehicle prototype, powered by Phinergy's aluminum-air battery, at the largest automobile exhibition in India

Retrieved on: 
Tuesday, November 15, 2022
Ecosystem, Auto Expo, Tata Motors, Hindalco Industries, Technology, Exhibition, Indian Oil Corporation, TASE, Mahindra Electric, Metal, Engine, Partnership, Tel Aviv Stock Exchange, Oxygen, Lithium, Microsoft, Aluminium, KFAR, Tata Tiago, CEO, IOP, Electricity, Atmosphere, NIS, Transport, Motor vehicle, Phinergy

Tata Motors is one of the leading and largest car manufacturers in the world, with an annual turnover of approx.

Key Points: 
  • Tata Motors is one of the leading and largest car manufacturers in the world, with an annual turnover of approx.
  • Phinergy has set-up a joint company in India with Indian Oil, called IOC Phinergy Private Limited (IOP).
  • The company has also recently demonstrated a 500 km continuous drive powered by aluminum energy on a Mahindra Electric three-wheeler.
  • According to David Mayer, Phinergy's CEO, "At this exhibition we will present for the first time a Tata vehicle powered by Phinergy's energy system.

Aequs & Hindalco enter strategic alliance in commercial aerospace sector

Retrieved on: 
Monday, July 18, 2022
CEO, Aditya Birla Group, Copper, Original equipment manufacturer, Novelis, Plant, European Business and Technology Centre, Recycling, Industry, Metal, Partnership, Chief executive officer, Alloy, QA, Forging, Aerospace, Renukoot, Hindalco Industries

Ltd., a leading aerospace components maker, and Hindalco Industries Ltd., one of the leading integrated aluminium products companies globally, have sealed a strategic alliance for long-term collaboration and joint business development in the commercial aerospace sector.

Key Points: 
  • Ltd., a leading aerospace components maker, and Hindalco Industries Ltd., one of the leading integrated aluminium products companies globally, have sealed a strategic alliance for long-term collaboration and joint business development in the commercial aerospace sector.
  • The partnership leverages the capabilities, market presence, and industry knowledge of the respective parties for the development, manufacture and qualification of extrusions required for commercial aerospace OEMs and other Aequs customers.
  • "This strategic alliance marks a breakthrough for the Indian aerospace sector by further integrating the entire value chain to deliver 100% in-country value add.
  • It creates strategic value for our customers by enhancing manufacturing sustainability and reliability in the country," said Aravind Melligeri, Chairman & CEO, Aequs.

Aequs & Hindalco enter strategic alliance in commercial aerospace sector

Retrieved on: 
Monday, July 18, 2022
CEO, Aditya Birla Group, Copper, Original equipment manufacturer, Novelis, Plant, European Business and Technology Centre, Recycling, Industry, Metal, Partnership, Chief executive officer, Alloy, QA, Forging, Aerospace, Renukoot, Hindalco Industries

Ltd., a leading aerospace components maker, and Hindalco Industries Ltd., one of the leading integrated aluminium products companies globally, have sealed a strategic alliance for long-term collaboration and joint business development in the commercial aerospace sector.

Key Points: 
  • Ltd., a leading aerospace components maker, and Hindalco Industries Ltd., one of the leading integrated aluminium products companies globally, have sealed a strategic alliance for long-term collaboration and joint business development in the commercial aerospace sector.
  • The partnership leverages the capabilities, market presence, and industry knowledge of the respective parties for the development, manufacture and qualification of extrusions required for commercial aerospace OEMs and other Aequs customers.
  • "This strategic alliance marks a breakthrough for the Indian aerospace sector by further integrating the entire value chain to deliver 100% in-country value add.
  • It creates strategic value for our customers by enhancing manufacturing sustainability and reliability in the country," said Aravind Melligeri, Chairman & CEO, Aequs.