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 global aluminium industry is witnessing significant developments as key players take steps towards sustainability and economic growth. Oman, the oldest independent state in the Arab world, is moving forward with plans to establish an Integrated Economic Cluster for Aluminium Industries in...
Vedanta's continued endeavour to shift its power sources to renewable energy has led to an agreement with GAIL Gas Limited, a subsidiary of GAIL (India) Limited, for the natural gas supply to Jharsuguda smelter. The transition to natural gas will expectedly become operational from the end of 2025,...
China’s decision to revoke tax rebates on aluminium has caused two opposite reactions in the global market. On the one hand, it has brought a frown to global downstream producers and end-user manufacturers in anticipation of a limited supply of metal and higher prices; on the other, it has brought...
In a significant judgment, the Chhattisgarh High Court in India has quashed the Korba Collector's (the highest officer of the revenue department in the district) order that imposed a hefty royalty of INR 863.18 lakh (USD$ USD 1.04 million) on Bharat Aluminium Company (BALCO) Limited for vanadium...
Vedanta Aluminium, India's largest producer of aluminium, announces that its e-commerce platform, Metal Bazaar, is making significant strides in transforming the buying behaviour of small and medium enterprises (SMEs). In just six months since its launch, SME users have increased by 35 per cent,...
Vedanta Aluminium has taken a plunge into improving its coal transportation at its smelters in Jharsuguda, Odisha, Korba, and Chattisgarh by introducing the Bogie Open Bottom Rapid Discharge Railway Wagon with pneumatic door opening actuators (BOBRN) into the logistics system. This strategic move,...
According to a report on Friday, October 18, Vedanta has assured to give INR 1 lakh crore to the Odisha government for the establishment of an alumina refinery with a 6 million tonnes per annum capacity and an aluminium plant with 3 million tonnes per annum. The news came after an announcement made...
In a major milestone for India's aluminium industry, Vedanta Aluminium has become the first smelter in the country to successfully implement the London Metal Exchange (LME) Passport program. This development positions Vedanta Aluminium, India's largest aluminium producer, as only the fifth primary...
Vedanta Aluminium, India's largest aluminium producer, is set to participate in the upcoming 'ALUMINIUM 2024' world trade fair in Düsseldorf, Germany. The company will exhibit its extensive product portfolio, including its sustainable aluminium offerings under the 'Restora' brand, at Hall No. 6,...
ICICI Securities recommends buying Vedanta's stock with a forecast of a stock price rise of 18 per cent. Driven by volume, value and cost reduction, the large-cap diversified metals company traded with a cut, even directing the ICICI securities, the domestic brokerage firm, to resume coverage on...
On Friday, October 4, Vedanta Limited announced its second quarter and H1 results for FY2024-25 ended September 30, revealing the highest-ever quarterly and half-yearly aluminium production. In H1 FY2025, Vedanta's aluminium production totalled 1.205 million tonnes, following an output of 609,000...
In a significant milestone for the Indian aluminium industry, Vedanta Aluminium, the nation's leading producer, has taken the lead in receiving the prestigious Bureau of Indian Standards (BIS) certification for its aluminium wire rods and rolled products (sheets. plates and strips) as the...
Aluminium is an essential component of the global economy, and its growing demand underscores its lasting importance. Despite occasional challenges or disruptions, the market for sustainable aluminium will continue to grow, reflecting the unrelenting need for this eco-friendly material. To begin...
On Friday, September 20, Vedanta Aluminium officially confirmed that the new 37-km long Sardega-Bhalumuda rail project connecting Odisha and Chhattisgarh, once operational, would establish a smooth and faster transportation of coal from the company’s mines. Recently, the Cabinet Committee on...
Vedanta Aluminium, India's largest producer of aluminium, is actively addressing a breach of its process water storage facility at its Lanjigarh alumina refinery in Odisha, which occurred during the early hours of September 15, 2024, due to unprecedented rains in the area. This extreme weather...
John Slaven, CEO of Vedanta Aluminium, has submitted his resignation from the post, effective September 30, 2024, according to an exchange filing on September 14. Slaven, who took on the role in October 2023, is stepping down citing personal reasons. However, the company has not yet named his...
Vedanta Aluminium, a business of Vedanta Limited and India's largest aluminium producer, has reportedly launched two new ranges of wire rods at PowerEdge 2024. One is AL59 Ingot, and the other is an electrical conductor (EC) grade wire rod. The AL59 Ingot is ideal for remelting as it offers...
Vedanta Aluminium, India's largest aluminium producer, announced the appointment of David Stone as the Chief Executive Officer – Coal Mines. In his new role, David will oversee the entire coal mining operations of the company, spearheading strategy and leveraging technology and innovation to...
