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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Vedanta Limited’s demerger process has progressed further, with the company submitting its plan to the National Company Law Tribunal (NCLT) after receiving approval from 75 per cent of its secured creditors, said Chairman Anil Agarwal. He also said the company expects to accomplish the demerge...
John Slaven is the Chief Executive Officer of Vedanta Aluminium, India's largest producer of aluminium and among the top producers globally. He is a reputed leader in the industry with over three decades of rich experience in the metals, mining and modern manufacturing industries. Through diverse...
Vedanta Limited, an Indian multinational mining company, is reportedly planning to establish two industrial parks, one for aluminium and one for silver and zinc. The news came on Wednesday, August 28, after Vedanta's chairman Anil Agarwal announced it on one of his LinkedIn posts, indicating a...
According to a report on August 23, 2024, Vedanta Aluminium has appointed Fabio Roberto Martins as the new CEO of the aluminium billet division. Martins will lead the unit in the new role, focusing on production optimisation and efficiency. Under Martins' leadership, Vedanta Aluminium aspires to...
Vedanta Aluminium, India's largest aluminium producer, has again bagged recognition for its energy-efficient practices at Lanjigarh alumina refinery. This time, the company received several awards at the Confederation of Indian Industry (CII) National Energy Efficiency Circle Competition 2024....
On India's 78th Independence Day, Vedanta Aluminium, India's largest aluminium producer, has launched Phase Three of Project Shree Shakti, a pioneering initiative to induct women employees into the night shift at its smelter operations in Jharsuguda, Odisha. The latest phase of this project, the...
Vedanta Aluminium, India’s leading aluminium producer, has appointed Luca Zipponi as the CEO of rolled products. In his new role, Luca will lead the growth and manage all operations for this product group, which serves sectors including automotive, insulation, power projects, electrical, and...
Aluminium is an essential component of the global economy, and this week, the upstream sector witnessed some significant events. Top events like LME aluminium registered its first rise of the month on Tuesday, August 6, following two consecutive days of downfall by a total of US$61.50 per tonne....
On Tuesday, August 6, billionaire Anil Agarwal-led Vedanta Limited published its first quarter results ended June 30, 2024, emphasising increased net profit and revenue from operations, attributed to elevated metal prices. In Q1 FY2024-25, Vedanta generated a consolidated net profit of INR 3,606...
Vedanta Aluminium, India's largest aluminium producer, announced the appointment of Ravi Paliwal as CEO of Ash Management. Ravi will oversee ash management operations, focusing on leveraging technology and processes to enhance resource efficiency and explore new avenues for utilising the voluminous...
This week, notable developments have surfaced in the upstream aluminium sector, covering bauxite, alumina, and primary aluminium. To begin with, India has secured a significant global position as the second-largest aluminium producer. The rise in aluminium production indicates robust economic...
On July 31, 2024, Vedanta Ltd. announced it had received clearance from the leading stock exchanges, BSE and NSE, for its proposed demerger. The approval marks a crucial step in Vedanta's plan to split into six independent listed companies, including aluminium, oil, and gas. According to a...
Vedanta Aluminium has received a certification from the Bureau of Indian Standards (BIS) for its 12 mm aluminium wire rods manufactured at the BALCO facility in Korba, India. In addition, the company has acquired six renewed certifications for other products. Vedanta had launched these 12 mm wire...
Vedanta Aluminium, India’s largest aluminium producer, in partnership with NITI Aayog and leading national institutions, recently hosted a high-level stakeholder meeting to identify sustainable applications for red mud, a key byproduct in the bauxite refining process for making aluminium. Experts...
Vedanta Limited, the Indian multinational mining and metal giant, has achieved a significant financial feat. The company successfully raised over USD 1 billion (INR 8,500 crore) through a Qualified Institutions Placement (QIP), as revealed in a recent stock exchange filing. The QIP, which involved...
On July 15, World Youth Skills Day, Vedanta Aluminium, India's largest producer of aluminium, reaffirmed its commitment to youth empowerment by announcing the expansion of its skill development initiatives across its locations. These programs aim to enhance the skillsets of rural youth,...
A major step toward sustainable industrial practices has been taken by Vedanta Aluminium, India's leading aluminium manufacturer, by adding 66 electric lithium-ion forklifts to its fleet. This expansion, marking Vedanta's role as India's largest deployer of electric lithium-ion forklifts, includes...
The Chairman of Indian multinational mining and metal company Vedanta's Chairman, Anil Agarwal, met with the newly elected Odisha Chief Minister Mohan Charan Majhi on July 4, 2024, to discuss avenues for enhanced collaboration to enhance the state's industrial landscape. During their meeting, the...
