Aluminium may be a chemical element. It’s a silvery white, soft, ductile metal. Aluminium is that the third most abundant element (after oxygen and silicon), and therefore the most abundant metal, within the crust. It makes up about 8% by weight of the Earth's solid surface. Aluminium metal is so chemically reactive that native specimens are rare and limited to extreme reducing environments. Instead, it's found combined in over 270 different minerals. Aluminium is remarkable for the metal's rarity and for its ability to resist corrosion due to the phenomenon of passivation. Structural components made up of aluminium and its alloys are vital to the aerospace industry and are important in other areas of transportation and structural materials.
Indian aluminium industry is on a strong growth trajectory. Piggybacking buoyancy in the power and automotive sectors, the light metal used in appliances to aerospace, grew at a CAGR (compounded annual growth rate) of eight per cent during 2011-16. The same uptrend is expected to continue till 2020. The ‘Make in India’ drive will provide a further boost to the demand catapulting it to a level of five million tonnes (mt) by 2020 and eight mt by 2025 from the current 3.2 mt. India’s building and construction sector is another sector where aluminium will find enhanced application. In a bid to adhere to international sustainability standards, more of aluminium construction systems will be used for upcoming housing projects. Further, the defense sector of the country is opening up a gamut of opportunities for aluminium, which is used in defiance equipment like ammunition hardware, military aircraft, and missiles in the form of rolled sheets, extrusions and forgings.
Rise in infrastructure development and automotive production are encouraging development within the metals and mining sector in India. India has vast mineral potential with mining leases granted for extended durations of 20 to 30 years. India produces 95 minerals– 4 fuel-related minerals, 10 metallic minerals, 23 non-metallic minerals, 3 atomic minerals and 55 minor minerals (including building and other minerals). The metal industry may be a crucial sector within the Indian economy because it meets the wants of a good range of industries including engineering, electrical and electronics, infrastructure, automobile and automobile components, packaging etc. The metal industry comprises of two major segments: ferrous metals and non-ferrous metals. Ferrous metals primarily contains iron and different sorts of steel. Non-ferrous metals, which include aluminium, copper, zinc, lead, nickel and tin, are wont to make alloys, castings, forgings, extrusions, wires, cables and pipes. India has nearly 10% of the world’s bauxite reserves and a growing aluminium sector that leverages this. Demand within the domestic market is predicted to boost by 8-10%. Entrepreneurs who invest in this project will be successful.
Few Indian major players are as under
Baheti Metal & Ferro Alloys Ltd.
Bothra Metals & Alloys Ltd.
Gravita India Ltd.
Indo Alusys Inds. Ltd.
Nealex Alloys Pvt. Ltd.
Shree Balaji Alumnicast Pvt. Ltd.
Sree Sumangala Metals & Inds. Pvt. Ltd.
