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 leaving no stone unturned to move towards a sustainable environment. To begin with, ALFED, on the occasion of World of Environment Day, announced intentions to develop two new member initiatives to support the sector's transition to Net Zero on June 1 at the first...
On World Environment Day, Vedanta Aluminium announced that its product line was verified by the Environmental Product Declaration (EPD) International. The EPD-verified products from Vedanta included billets, Primary Foundry Alloy (PFA), wire rods, and other kinds of ingots. These goods are used in...
In collaboration with the Directorate of Factories and Boilers, Government of Odisha, Vedanta Aluminium held an impactful industrial safety training programme at its Jharsuguda operations. The programme was part of a series of training initiatives across various industries organised by the...
We are honoured to have a one-on-one interview with Mr Rahul Sharma, CEO of Vedanta Limited – Aluminium Business, wherein he explained the features and functionalities of the newly installed IIoT devices at their 2400 MW Thermal Power Plant. He has also described how the devices can curb carbon...
At the beginning of the last week, aluminium prices of Indian giants like Hindalco and Vedanta trended downwards in line with the LME aluminium price drop but increased later as the global benchmark price speared up. On Tuesday, May 23, Hindalco cut its aluminium ingot and aluminium products prices...
Last week, both Hindalco and Vedanta back-to-back cut their aluminium prices on May 11 and 12 in response to the LME aluminium price fall of US$92 per tonne in just two days. However, the companies started the week on May 10 with a rise in their aluminium ingot prices by INR 3,000 per tonne and INR...
The downstream sector has seen temporal waves this week, with the Zurich Cantonal Bank lowering its stake in Kaiser Aluminium Co. by 28.8 per cent in 4Q 2022 and Novelis marking a 27% fall in FY 4Q 2023. SRF, the Indian multi-business chemical conglomerate, announced the construction of an...
Vedanta Aluminium is reportedly increasing production at its smelters in Jharsuguda (Odisha) and Korba (Chhattisgarh) to widen its product lines and diversify product mix to cater to sunrise sectors like high-tech manufacturing, electric vehicles, green building, renewable energy, and battery...
According to persons familiar with the issue, the government of India will likely begin informal negotiations with Vedanta about Balco's future stock market listing before making a solid recommendation to the aluminium company's board. The government of India still holds a 49 per cent stake in...
Bharat Aluminium Company Limited (BALCO), one of India’s most significant aluminium producers and a division of Vedanta Aluminium, has circulated a state-of-the-art technology known as T-Pulse Health, Safety, Security and Environment (HSSE) Monitoring System, which uses Artificial Intelligence (AI)...
The three major Indian aluminium producers – Hindalco, Vedanta, and NALCO cut their aluminium prices last week in line with the LME aluminium price fall by US$46.50 per tonne over the week from US$2,388.50 per tonne on April 21 to US$2,342 per tonne on April 28. Hindalco reportedly curtailed INR...
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On Wednesday, April 26, Aluminium Stewardship Initiative announced that it successfully certified Vedanta’s aluminium smelter and captive power plant located in the Special Economic Zone (SEZ), Jharsuguda, against Performance Standard V2 (2017) certification. The certification acknowledges...
Vedanta Aluminium has achieved a new sustainability milestone by deploying a new material recovery facility at its operations in Jharsuguda district, Odisha. This marks a significant step towards the company’s ‘Zero Waste’ goal, resulting in energy savings and carbon emissions mitigation. Vedanta...
This week, during April 17-21, all three Indian aluminium giants – NALCO, Hindalco, and Vedanta have elevated their aluminium ingot and aluminium products prices. Starting with NALCO, the company hiked its aluminium prices by INR 10,100 per tonne since April 7. In two-week time, its aluminium ingot...
Here we ring the last bell to the “Global Aluminium Expo 2023” as we reach the final day. Thank you for your generous participation in the first two days, but before we bid adieu to each other, let’s celebrate the last day together. One more time, let us reunite, share knowledge, and build new...
Vedanta Aluminium has reportedly deployed Industrial Internet of Things (IIoT) devices in fabric filters at its 2400 MW Thermal Power Plant to check carbon emissions. Fabric filters are special bag filters placed after electrostatic precipitators in chimneys. They collect particulate matter from...
The countdown begins for our Global Aluminium Expo 2023, and here’s a gentle reminder for participation. This year, the team AlCircle is organizing and hosting the fourth edition of the virtual event scheduled on April 18-20, from 11 AM to 7 PM (GMT). So, 3 days to go to our 3-day event where you...
Bharat Aluminium Company Limited (BALCO) announced on Wednesday, April 12, that it received the ‘PAT Top Performer’ award from R K Singh, Minister of Power and New & Renewable Energy, for its constant efforts towards energy conservation under the Perform, Achieve, and Trade (PAT) Scheme. The...
