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 has recently announced that it has signed long-term power delivery agreements to obtain 1335 MW of renewable energy for its operations. The firm will use a combination of solar and wind energy to power its operations across Odisha and Chhattisgarh while reducing its greenhouse gas...
India is celebrating its 77th Independence Day, a journey of progress and unity. This commemoration marks the country's liberation from British colonial rule, signifying the triumph of freedom, harmony, and self-governance. And to commemorate this significant event, Vedanta Aluminium, one of...
International Environmental Product Declaration (EPD) has reportedly verified Vedanta Aluminium’s range of products, confirming that India’s largest aluminium producer is committed to achieving the highest industrial standards in sustainable production. Vedanta’s primary aluminium products scored...
The primary aluminium segment has recorded some of the most interesting quips last week, with John Slaven being appointed by Vedanta Ltd as the Chief Executive Officer for its Aluminium Business. Slaven will begin his tenure in the company from October 3 this year and will remain in chair for the...
On August 4, 2023, the Indian multinational mining and metal company Vedanta Ltd. announced through an exchange filing that it appointed John Slaven as the Chief Executive Officer for its Aluminium Business. Vedanta stated that the Board of Directors approved the appointment during a meeting held...
Mr Abhijit Pati is the Chief Transformation Officer of Aluminium Business in Vedanta Limited. He is a name to reckon with, who owns a bag full of rich experience and illustrious career in the aluminium industry for over 30 years. An Alumni of Calcutta University, Abhijit Pati started his career as...
Vedanta Limited announced the first quarter financial and operational results ended June 30 of FY2024, revealing INR 33,342 crore of consolidated revenue, down by 10.43 per cent from INR 37,225 crore in Q4 FY2023 and 12.83 per cent less than INR 38,251 crore in Q1 FY2023. The fall could be...
Vedanta Aluminium was certified as a Great Place to Work® (GPTW) for the fiscal year 2022-2023. The praise goes to Vedanta Aluminium's countrywide operating divisions, whose tenacity and dedication earned this coveted award. Emirates Global Aluminium (EGA) and Japan's Itochu Corporation signed a...
Hindalco and Vedanta’s aluminium prices stood lower by the end of the week after several cuts from July 18 to 20, 2023. On Tuesday, July 18, Hindalco axed its aluminium ingot price by INR 3,750 per tonne to INR 212,250 per tonne. The company’s aluminium wire rod and billet prices also saw a similar...
Alumina is essential for the production of primary aluminium. It is obtained from bauxite ore through the Bayer process and serves as the primary feedstock in the Hall-Héroult process , which extracts the non-ferrous metal, aluminium from its powder form. Alumina production is energy-intensive but...
Safety comes first before anything else. Accidents anywhere or in any industry are not good and can be avoided or lowered with proper measurements. Safety and production are inextricably linked to any industry's growth or success. And the aluminium industry is not an exception either! Many...
Vedanta Aluminium has been honoured with a Great Place to Work® (GPTW) certification for the financial year 2022-2023. The credit goes to Vedanta Aluminium’s nationwide operational units, whose resiliency and commitment have brought this prestigious recognition. Undoubtedly, this certification...
Carried out in partnership with Gemini Equipment and Rentals Private Limited (GEAR) India and TARON Lift & Move, Vedanta Aluminium has deployed 44 electric lithium-ion forklifts throughout its Odisha and Chhattisgarh businesses. The corporation has also pledged to decarbonise 100 per cent of its...
Two days to go to the 27th International Conference on Non-ferrous Metals and here is the complete itinerary of the 2-day event at Hotel Chanakya BNR, Ranchi, India. The event, organised by Corporate Monitor in association with JNARDDC, will begin on July 7 with an inaugural session starting at 10...
Aluminium prices offered by Vedanta and Hindalco have shown a fluctuating trend this week from June 26-30. Vedanta aluminium ingot price started the week on Tuesday, June 27, at INR 203,000-227,000 tonnes, reflecting a drop of about 0.80 per cent from INR 204,750-228,750 per tonne on June 24. The...
Vedanta Aluminium, India's largest aluminium producer, has won an award as the highest exporter of containerised cargo in Twenty-foot Equivalent Units (TEUs) for 2022-23. The recognition is received from Haldia Dock Complex by the Shyama Prasad Mookerjee Port, formerly known as Kolkata Port Trust....
Rahul Sharma is the Chief Executive Officer of Vedanta's Aluminium Business. Prior to this, he was the Chief Executive Officer of Vedanta's Alumina Business and also held the position of Director of Corporate Strategy for Vedanta's Aluminium and Power Business. He joined Vedanta in 1998 and has...
International Conference on Non-ferrous Metals (ICNFM) is an annual event organised to bring non-ferrous metals experts and researchers under one roof to enable them to share industry-specific knowledge and the latest developments. This year, ICNFM - 2023 is scheduled on July 7-8 at Hotel Chanakya...
