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. (Ingot may have variable cross section.) 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.
India's share in world aluminium market is estimated at around 3%. India ranks fifth in bauxite production after Australia (62 mntonnes), Guinea (17.50 mntonnes), Brazil (16.20 mntonnes) and China (10.75 mntonnes). With a total output of 9.25 mntonnes, the country contributes about 6% of the world's total production of 159 mntonnes, India holds the fifth position in reserves base and is before China with 2300 mntonnes. India ranked seventh in alumina production with a complete output of 3 mntonnes, a share of nearly 5% of the worldwide production of 61 mntonnes. The per capita consumption of aluminium in India continues to stay abysmally low at under 1 kg as against nearly 25 to 30 kg within the US and Europe, 15 kg in Japan, 10 kg in Taiwan and 3 kg in China.
Aluminium features a wide selection of applications, from aircraft building to packaging, a major consumer being the electrical industry. The two sectors, electricity and transportation, account for more than half the entire off take. The key consumer industries in India are power, transportation, consumer durables, packaging and construction. Of this, power is that the biggest consumer (about 44% of total) followed by infrastructure (17%) and transportation (about 10% to 12%). within the transportation sector, aluminium is used for paneling, floors and windows. So far, it's not used for structural parts and bodies of automobiles. An Indian car uses only about 54 kg of aluminium against a worldwide average of 100 to 110 kg. This sets the high potential for growth with the rise within the automobile sector.
Aluminium ingots constitutes 25 to 30% of the total aluminium consumed in India. The market for aluminium ingots in India has been growing at around 12% per annum during the last few years. Jindal Aluminum and Hind Alco are the largest players in the Extrusion segment with combined market share of 30%. Other than FRP and Extrusion, Castings is one large segment which primarily serves the automotive market and mostly uses Aluminum in the Scrap form
Few Indian major players are as under
Vijayshree Alloys (Pune) Pvt. Ltd.
Sun Industries Ltd.
Shree Balaji Alumnicast Pvt. Ltd.
Perfect Alloys & Steel Ltd.
Indo Alusys Inds. Ltd.
Gravita India Ltd.
Baheti Metal & Ferro Alloys Ltd.