Vedanta Aluminium shares gained 3.32 per cent after Vedanta Resources denied speculation that it planned to sell its stake in the aluminium business, while brokerages maintained bullish views on the stock. Vedanta Aluminium came into focus after its parent, Vedanta Resources, dismissed reports and...
Motilal Oswal has maintained its “buy” rating on Vedanta Aluminium Metal, saying production growth, lower costs and a bigger share of value-added products could support a multi-year expansion in earnings. The brokerage has set a target price of INR 540 (USD 5.67) per share, implying potential...
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Odisha has three large alumina refineries at present; and they are the backbone for the primary metal production in the country. Photo Caption: Damanjodi Alumina Refinery Damanjodi Alumina Refinery (NALCO) The Alumina Refinery is located at Damanjodi, Koraput district in Odisha, approximately 14 km...
Odisha has emerged as the cornerstone of India’s aluminium industry, accounting for 59 per cent of the country’s bauxite reserves, primarily located in the Eastern Ghats. The state hosts integrated operations encompassing bauxite mining, alumina refining , and aluminium smelting, led by major...
The Union Environment Ministry has delayed its decision on Vedanta Limited's proposal to divert more than 700 hectares of forest land in Rayagada and Kalahandi districts in Odisha, for the Sijimali Bauxite Mines. The delay is, according to government records, related to pending issues concerning...
Brazil’s aluminium industry is under pressure from overseas suppliers after recent tariff changes. India’s largest producer Vedanta has been sending more metal into Brazil, increasing shipments to local buyers. Traders also reported that Russia’s top producer, Rusal has also entered the market with...
Diversified mining and metals giant Vedanta Ltd has unveiled a USD 10 billion three-year capital expenditure plan to vastly increase its aluminium, zinc, and energy business. The investment, intended to take advantage of India's industrial surge, is expected to drive the company's medium-term...
Following India's 79th Independence Day, Vedanta Aluminium, the nation's largest aluminium producer, launched its campaign "Badhte Bharat ki Pehchaan." The initiative underscores the company's commitment to driving inclusive growth, innovation and self-reliance while highlighting its role in...
Vedanta Aluminium, India's largest aluminium producer, commemorated the International Youth Day by highlighting the contribution of its young workforce in driving innovation, sustainability and technological advancements across its operations in Odisha, Chhattisgarh and Andhra Pradesh. Combining...
Regardless of the industry, an efficient and advanced logistics network is essential for seamless transportation. Recognising this, Vedanta Aluminium, India's largest aluminium producer, has developed a sophisticated logistics infrastructure that facilitated the movement of over 55 million tonnes...
Vedanta Ltd told investors last week that it expects the cash cost of producing primary aluminium to slide beneath USD 1,700 per tonne in the second half of FY 2026, supported by higher captive alumina output from its Lanjigarh refinery and the impending start-up of the Sijimali bauxite mine in...
Vedanta Limited missed quarterly profit estimates for the first quarter of FY26, as weaker aluminium and copper prices, coupled with a sharp increase in tax expenses, weighed on earnings. Despite strong domestic demand and robust operational performance across its business segments, the...
Vedanta Aluminium, known to be India's largest aluminium producer, is set to undertake the largest manufacturing capital expenditure of Q1 FY26 with a greenfield aluminium smelter project valued at INR 1.3 trillion (USD 15.64 billion) in Odisha. The investment reflects growing private sector...
Asian Energy Services Limited (AESL), one of India's energy and mining services companies, has received an integrated service order of INR 865 crore (USD 104 million) from Vedanta Limited. With a duration longer than 57 months, this contract aims to provide integrated services primarily...
The Indian metal sector has experienced notable fluctuations in stock performance over recent weeks, with key players like NALCO, Vedanta Aluminium and Hindalco showing mixed trends across different timeframes. A closer look at their stock price movements reveals underlying market sentiments and...
Vedanta Aluminium, a key player in India’s metal and resource sector, has expanded the installed capacity of its Primary Foundry Alloy (PFA) unit by 120 kilo tonnes per annum (KTPA) at its Special Economic Zone (SEZ) facility in Jharsuguda, Odisha. This move aims to strengthen India’s position in...
Bharat Aluminium Company (BALCO), one of the largest Vedanta Aluminium subsidiaries, has launched its new 'Quality Sankalp' programme, a top-level programme to emphasise its commitment towards manufacturing excellence and world-class product quality. The programme, launched this week, aims at...
Vedanta Aluminium, India's largest producer, has begun a path-breaking project to convert red mud, a big industrial waste from the alumina refining process, into a useful agricultural resource. The company has signed a Memorandum of Understanding (MoU) with the Indian Council of Agricultural...
Globally, the race to decarbonise is heating up and aluminium is at the centre of this transformation. With China pledging that 30 per cent of its aluminium smelting will be powered by renewables by 2027, the pressure is mounting on other nations to step up. India, for its part, is not only in the...
On this World Youth Skills Day, Vedanta Aluminium, India's largest aluminium producer, has considered each word quite literally. The firm celebrated the day with heightened growth, incorporating grassroots innovation with value-driven employability programs across all its business units by...
