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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The aluminium industry is undergoing a huge transformation. With sustainability and transparency now essential, businesses are prioritising responsibly sourced materials. Recently, Capral Aluminium and Vedanta unlocked a milestone. Capral, an Australia-based national supplier and distributor of...
Vedanta Aluminium faces a severe environmental fine of INR 71.16 (USD 8.52 million) crore for a suspected breach of fly ash disposal regulation, as issued by the Odisha State Pollution Control Board on April 10, 2025. However, Vedanta Aluminium is repudiating the allegation and is on the way to...
The Utkal Chamber of Commerce and Industry Ltd (UCCIL), Bhubaneswar in association with Business Standard conducted an workshop on “Metal and Downstream Industries” focusing on Aluminium, its Downstream and Ancillary, here on Tuesday. The programme of the evening was steered by Dr Prabodh Mohanty,...
Aluminium giants, among other metal businesses in India, reportedly plan to expand rapidly and vigorously to support domestic demand. The transformation in business strategy for these metal producers comes as two major factors weigh in — the US tariff creating international price volatility and...
Hindalco Industries is deep in the red, marking its fifth consecutive losing session with a sharp 4.36 per cent decline on April 4. The aluminium giant has shed 9.78 per cent in just five days, underperforming its sector by 0.84 per cent and sinking below key moving averages—an unmistakable sign of...
Indian conglomerate Vedanta, spanning metals to oil, is seeking a global partner for expansion projects worth $20 billion, according to a tender document. Led by billionaire Anil Agarwal, the company—soon to be split into five entities:Vedanta Limited, Vedanta Aluminium, Vedanta Oil and Gas,...
Odisha stands as a testament to resilience and progress. Boasting rich mineral reserves, the state has emerged as a major manufacturing hub in India, supported by a dynamic industrial ecosystem. At the heart of this growth lies Odisha's thriving metals and mining sector, playing a pivotal role in...
In the heart of Odisha’s Kalahandi district, a storm brews over bauxite mining — a saga intertwining corporate ambitions, tribal rights, and the promise of progress. Recently, a full-page advertisement appeared in the leading Odisha dailies, championing bauxite mining in Kalahandi. The ad,...
The demerger date for Vedanta is now set for September 30 instead of March 31. In an exchange filing on Friday, March 28, the Anil Agarwal-led company announced that the deadline had been extended due to pending approvals from the National Company Law Tribunal (NCLT) and other government bodies,...
High-Level Clearance Authority (HLCA) of Odisha, on March 28, 2025, sanctioned the investment proposal of a total INR 1,65,303 crore (USD 19.35 billion) under Chief Minister Mohan Majhi's chairmanship in a bid to boost the state's overall industrial landscape. The investment shall stretch across...
Vedanta Limited, a leading natural resources and technology conglomerate, has confirmed the appointment of Rajiv Kumar as the Chief Executive Officer (CEO) for the aluminium business, just ahead of the demerger of Vedanta Aluminium as an independent entity. The appointment is for three years,...
In an initiative to curtail its carbon footprint, Vedanta Aluminium — a subsidiary of Vedanta Limited, has constructed a 13.4 km long new railway line, which will ensure wholesome raw materials and derivatives transportation by rail. India’s leading aluminium production company, Vedanta Aluminium,...
Vedanta Aluminium, India's largest aluminium producer, recycled approximately 16 billion litres of water across its operations in FY25, marking a significant milestone in its sustainability journey. For context, this quantity is roughly equivalent to 6,400 Olympic-size swimming pools. With a water...
Vedanta Limited, a massive player in the Indian aluminium industry, is one step closer to announcing its site for what the brand mentions as the world’s first 100 per cent green aluminium manufacturing plant, shares Group Chairman Anil Agarwal in a media interview. He has delineated the company’s...
Vedanta Aluminium, India's largest aluminium producer, has announced a transformative step towards fostering gender parity and workplace inclusion by converting an entire smelter line at its operations in Jharsuguda, Odisha, which is to be operated and maintained exclusively by women employees. The...
There is a projection looming that Vedanta’s share price will jump to a target price of INR 600 (US$6.87) following the group’s demerger plan to be executed by the first quarter of FY2025-26. This estimation will most likely materialise, if not by the end of this year, then within the next two. The...
This week, stocks of three Indian aluminium giants, Hindalco, NALCO and Vedanta, have slid downwards for two consecutive sessions. On February 25, shares of Nalco fell 10 per cent in two single-day trading sessions, whereas Vedanta and Hindalco lost 5 per cent to 7 per cent, respectively. Other...
Vedanta Aluminium, India’s leading aluminium manufacturer, launched an AI-powered drone system at its Jamkhani coal mine in Odisha. The drone, which started operations on February 13, 2025, provides a real-time solution for blasting clearance and danger zone monitoring. Image Source:...
