Banco Aluminium Ltd

Company limited by Shares (2) 175+ employees

Banco Aluminium Ltd Overview

INDIA HO
DIST BARODA
COMPANY SIZE
175+ employees
CIN
U27310GJ1967PLC001483
TYPE
Public
CATEGORY
Company limited by Shares
SUB-CATEGORY
Non-govt company
WEBSITE
EMAIL
investor@bancoindia.com
FOUNDED
19 Dec,1967
PAID-UP CAPITAL
79,019,400
AUTHORISED CAPITAL
80,000,000
N/A Related OEMs
N/A No. of plants

Company Breakup

Name share
Foreign Holdings
87.60%
Bodies Corporate
10.35%
Individuals
2.05%
Total Number Of Shareholders 37
Shareholding As On 2017-08-16

Banco Aluminium Ltd in News

21 Jul 2021

China to release 170,000 tonnes of metals from state reserves on July 29

The auction marked the second sale by the world's top metals consumer this month as the government aims to rein in skyrocketing commodity prices. "The national reserves are sufficient, (we are) confident and capable to stabilise expectations and cool the market," state media Xinhua cited an official from the reserve's administration as saying.

20 Jul 2021

Russian tax brews up perfect aluminium premium storm: Andy Home

Premiums, which a physical buyer pays on top of the cash LME price, are surging. The CME Midwest United States premium has leapt to record highs above $660 per tonne, meaning a local manufacturer is paying an all-in price in excess of $3,000 per tonne. The trigger for the latest jump in premiums is the imposition of an export tax on Russian aluminium, a key supply source for both European and U.S. markets.

24 Jun 2021

China's first round of copper, zinc, aluminium auctions fails to impress

The rare auction of strategic reserves forms part of Beijing's efforts to take the heat out of red hot commodity markets, which have seen metals such as copper and iron ore reach all time highs amid a surge in demand as the world recovers from the coronavirus pandemic. However, initial market reaction to the announcement of the auctions would indicate that the volumes being offered are too small to make much of a difference in the world's largest importer, producer and consumer of industrial metals.

24 Apr 2021

China's pollution clampdown drives aluminium to three-year peak

Benchmark aluminium on the London Metal Exchange was up 0.3% at $2,370 a tonne at 1557 GMT. Prices of the metal used widely in the transport, construction and packaging industries earlier touched $2,389, a gain of more than 20% since January.

12 Apr 2021

Control rising raw material costs: Bizmen

While industries are struggling to recover from the loss they suffered during the lockdown last year, abnormal increases in the prices of raw materials including steel, brass, aluminium, cast iron and copper have been affecting more than 40,000 industries that are functioning in Coimbatore and neighbouring Tirupur.

22 Mar 2021

Booming demand and shipping costs feed aluminium rally

Soaring shipping costs, booming demand and tight supplies of primary and scrap aluminium are likely to fuel further price rises for the metal, particularly in importing countries such as the United States and Europe.

19 Mar 2021

Aluminium rattled by signs of "green" disruption in China: Andy Home

The suspensions are small, at around 200,000 tonnes of annualised capacity, according to Citi analysts. That's not going to make much physical market impact when China's national aluminium output production surged by 8.4% in the first two months of the year. But the significance is the direction of travel. China is embarking on the road to decarbonisation, a journey that poses hard questions of a power-hungry sector such as aluminium smelting.

14 Mar 2021

Mines ministry issues framework for non-ferrous metal scrap recycling

"Ministry of Mines will work towards creating a sustainable scrap recycling ecosystem...National non-ferrous metal scrap recycling framework, 2020 seeks to use life cycle management approach for better efficiency in mineral value chain process," the mines ministry said.

05 Mar 2021

Aluminium maker Hydro sells Rolling unit in $1.65 bln deal

The unit, which turns aluminium slabs into metal sheets used for packaging, automotive, beverage cans and other industries, had been under review since May of 2019 when Hilde Merete Aasheim became Hydro's chief executive.

26 Feb 2021

Bauxite ASP needs correction for Indian Al to be competitive

​Bauxite mines not being successfully auctioned has led to a surge in the import of bauxite, one of India's most abundant ores, to feed the rapidly increasing domestic consumption and has caused a loss of $400 million to the Indian exchequer over the past five years.

Directors of Banco Aluminium Ltd

Name DIN Email Designation Date of joining
Sarang Jayant Dalvi Unlock to View Unlock to View Wholetime Director 14 Sep,2015
Pravinchandra Gokaldas Shah Unlock to View Unlock to View Director 23 Jun,2015
Manisha Rameshbhai Phadke Unlock to View Unlock to View Company Secratary 03 May,2012
Vidanuj Navinchandra Patel Unlock to View Unlock to View Director 16 Apr,2012
Mehul Kanubhai Patel Unlock to View Unlock to View Director 26 Feb,2001
Samir Kanubhai Patel Unlock to View Unlock to View Director 31 Aug,1985

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