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 Aluminium's efforts to conserve energy and protect the environment in operations at Lanjigarh alumina refinery have recently received special recognition from Kalinga Awards: Environment. According to a report, India's largest aluminium producer has bagged two accolades—the Kalinga Energy...
In line with global efforts to combat climate change, the European Union has introduced a significant measure—the Carbon Border Adjustment Mechanism (CBAM), designed to regulate the import of carbon-intensive products, such as aluminium, by charging a tariff based on the emissions produced during...
The Indian multinational mining and metal company Vedanta Group has unveiled a strategic roadmap to achieve a $10 billion EBITDA, underpinned by the execution of over 50 projects spanning multiple business verticals, as reported by ET Now Digital. This bold plan was disclosed during site visits...
Vedanta Limited, an Indian multinational mining company, has increased its aluminium selling prices with effect from Friday, June 14, following a cut on June 12. This move is in line with the global aluminium benchmark price on the London Metal Exchange (LME), which escalated on June 13. With...
Bharat Aluminium Company Limited (BALCO), a venerated entity in India's aluminium sector and an integral part of Vedanta Aluminium, has embarked on a pioneering collaboration with UltraTech Cement Limited to manufacture low-carbon cement. This strategic partnership involves BALCO supplying 75,000...
Terms like renewable, eco-friendly, green energy, sustainable, emission reduction, have become the talk of the hour. Almost every company are looking for ways to shift towards sustainable practises. Traditionally, aluminium manufacturing has been energy-intensive, but a renewed emphasis on...
The aluminium industry is witnessing significant leadership changes and strategic partnerships aimed at fostering sustainability and growth. Recent appointments at the International Aluminium Institute (IAI) and PETROSOL, coupled with key industry moves involving Glencore, Rusal, and TALCO, denote...
According to a recent report, John Slaven, CEO of Vedanta Limited, said that its aluminium business would no longer indulge in adding coal-fired capacity for energy-intensive metal production as a move towards renewable energy. The aim is to increase the share of renewable energy to 30 per cent by...
Bharat Aluminium Company Limited (BALCO), a renowned name in India's aluminium industry and a subsidiary of Vedanta Aluminium has taken a groundbreaking step in ash management. By introducing a state-of-the-art Digital Ash Control Tower (ACT), BALCO is set to revolutionise its ash management...
International Aluminium Institute has reportedly appointed John Slaven, CEO of Vedanta Aluminium, vice-chairman. In the new position, Slaven will lead global initiatives to promote aluminium's critical role in transforming the manufacturing industry into a zero-carbon modern world. Since inception...
Vedanta Limited's Aluminium Business in Jharsuguda, Odisha, India, has recently attained ASI Chain of Custody (CoC) Standard V2 (2022) Certification for its smelter located in the Special Economic Zone. This certification marks a significant achievement, with Vedanta's operations in Jharsuguda...
Vedanta Aluminium, India’s largest aluminium producer, has reportedly placed 100 solar-powered streetlights in and around the remote villages of Jamkhani, Girisma, Munderkhet, Jharpalam, and Hemgir in Sundargarh district, Odisha. This initiative represents the company’s dual commitment. One is...
BALCO, a renowned aluminium producer in India and a unit of Vedanta Aluminium, is committed to sustainability not only in its production processes but also in its approach to human resources. As part of its efforts to foster inclusivity, BALCO has welcomed seventeen transgender individuals into its...
Hindalco Industries Limited and Vedanta Limited have trimmed their aluminium ingot and aluminium product prices, with effect from May 3, 2024, following a plunge on the prior day by US$44.50 per tonne or 1.74 per cent. Hindalco has cut its aluminium ingot price by INR 2,500 per tonne or 1 per cent...
In a harmonious convergence of industry titans, Vedanta Aluminium's Jharsuguda operations recently garnered accolades as the highest revenue generator for Indian Railways in the Sambalpur Division. This achievement signifies the seamless integration of efficiency, safety, and sustainable practices...
According to a Reuters report, Vedanta Limited expects 2.3 to 2.4 million tonnes of aluminium production in FY2024-25. By the third quarter of FY2024, Vedanta produced 1.772 million tonnes of aluminium, a 3 per cent rise year-on-year and the highest-ever output . In Q3 alone, Vedanta’s aluminium...
The Indian primary aluminium producer, BALCO, has introduced its inaugural Bogie Open Bottom Rapid Discharge (BOBRNHSM2) Rake into its operations. This milestone signifies another stride towards fostering an effective and sustainable supply chain for acquiring vital raw materials. BALCO is part of...
Vedanta Aluminium, India's leading aluminium producer, recently hosted AutoEdge 2024, a pivotal industry conclave focusing on the automotive sector, in New Delhi. Aluminium, pivotal for modern transportation, has emerged as a crucial raw material in automotive manufacturing. The event showcased...
