Ingots are very large casting products, greater in size and shape than blooms, billets and slabs. Ingot generally has rectangular/square cross section, but it is not necessary that it should be uniform throughout its length. Aluminium Alloy Ingots Like LM-2, LM-4, LM-6 which are commonly used in Gravity and Sand Casting, Pressure Die Casting Alloys like LM-13, LM-14, LM-24, ADC-12, ALSI-132 etc. are also being manufactured as per the Indian and International standards.
Global Aluminium Alloy Market is estimated to reach USD 141610 million by 2026, growing at a CAGR of 8.31 % between 2018 and 2026. Vedanta has increased the prices of aluminium ingots, billets and wire rods by more than 1%. The aluminium business accounted for a third of Vedanta's consolidated sales in the September quarter. Vedanta’s net sales stood at INR 21,739 crore, down from INR 22,432 crore in the same period last year.
Aluminium ingots advanced at the non-ferrous metal market here today on sockets’ buying amidst rising demand from consuming industries. Exports of aluminium ingots from India have been nearly stagnant over the last three years at around 200 tonnes every year. It is, therefore, recommended that Aluminium Ingots be included under the Interest Subvention Scheme. An aluminium ingot constitutes 25 to 30% of the entire aluminium consumed in India. The marketplace for aluminium ingots in India has been growing at around 12% every year during the previous few years. Jindal Aluminum and Hidalgo are the most important players within the Extrusion segment with combined market share of 30%. Aside from FRP and Extrusion, Castings is one large segment which primarily serves the automotive market and mostly uses Aluminum within the Scrap form.
India's share in world aluminium market is estimated at around 3%. India ranks fifth in bauxite production after Australia (62 mn tonnes), Guinea (17.50 mn tonnes), Brazil (16.20 mn tonnes) and China (10.75 mn tonnes). With a complete output of 9.25 mn tonnes, the country contributes about 6% of the world's total production of 159 mn tonnes, India holds the fifth position in reserves base and is before China with 2300 mn tonnes. India ranked seventh in alumina production with a complete output of 3 mn tonnes, a share of nearly 5% of the worldwide production of 61 mn tonnes. Entrepreneurs who invest in this project will be successful.
Few Indian major players are as under
Gravita India Ltd.
Indo Alusys Inds. Ltd.
Shree Balaji Alumnicast Pvt. Ltd.
Sree Sumangala Metals & Inds. Pvt. Ltd.
Varron Industriies Pvt. Ltd.
Vijayshree Alloys (Pune) Pvt. Ltd.
