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HEADLINES: Justice Verma submits report on reforming rape laws, suggests time-bound trial INDIAN ALUMINIUM INDUSTRY Size of the Industry
| The global requirement is estimated at around 7.4 million tonnes, against that consumption in India as only around 110,000 tonnes.
| Output per annum
| Demand in the domestic market is expected to grow by 8-10; India is expected to have an installed aluminum capacity of 1.7 to 2 million tonnes per annum by 2020.
| Percentage in World market
| Currently Aluminium is also the second most used metal in the world after steel. Due to the fact that consistent growth of Indian economy at a rate of 8%, the demand for metals, used for various sectors, is also on the higher side.
| Market capitalization
| Consumption is estimated to have increased to a 5 year CAGR of 12.9%
History IIndian Aluminium Industry was first established in the year 1808 and it took almost 46 years to make its production commercially viable. The research work of the country took several years and resulted in extracting the Aluminium from the ore. On earth Aluminium is third most available element constituting almost 7.3% by mass. Currently Aluminium is also the second most used metal in the world after steel. Due to the fact that consistent growth of Indian economy at a rate of 8%, the demand for metals, used for various sectors, is also on the higher side. As a result, the Indian Aluminium Industry is also growing consistently as in the year 2009 the aluminium industry in India saw a growth of about 9%.
| In the year 1938 the production of Aluminium started in India when the Aluminum Corporation of India's plant was commissioned. The plant was set up with a financial and technical collaboration with Alcan, Canada which had a capacity of producing 2,500 tonnes per annum. In the year 1959 the Hindustan Aluminum Corporation (Hindalco) was set up; which had a capacity of producing 20,000 tonnes per annum. A public sector enterprise Malco which had a capacity of 10,000 tonnes per annum was commissioned in 1965. Then later in the year 1987, National Aluminium Company (NALCO) was commissioned to produce Aluminium with a capacity of producing 0.218 million tonnes.Indian Aluminium Industry Government started regulating and controlling during the 1970's. Restrictions in entry and price distribution controls were common in the Aluminium Industry. Aluminium Control Order has been implemented where the aluminium producers had to sell 50% of their products for electrical usages in the country. Later in 1989, the order was removed as the government decontrolling was revoked. In the year 1991 with de-licensing of industry, the liberal import of technologies and capital goods was started. The liberalization resulted in a growth rate of 12% of the industry, comparing to the growth rate of 6% during the 1980. Brief Introduction
| Indian Aluminium Industry is a highly concentrated industry with the top 5 companies constituting the majority of the country's production. With the growing demand of Aluminium, the industry is also growing at an enviable pace. In fact, Aluminum production in India is currently outpacing the demand. Although India's per capita consumption of Aluminium stands too low (under 1 kg) as compared to the per capita consumptions of other countries like US & Europe (range from 25 to 30 kgs), Japan (15 kgs), Taiwan (10 kgs) and China (3 kgs), the demand is growing gradually. In India, the industries that require Aluminium Reserves most include power (44%), consumer durables, transportation (10-12%), construction (17%) and packaging, etc.
| The nonferrous metals industry is a key sector in the...
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