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...
Grow with
AL Circle
Hindalco, NALCO, and Vedanta have trimmed their aluminium ingot and aluminium products prices at the end of the week in response to the LME aluminium price fall over the past three days. However, at the beginning of the week, on April 4, Hindalco and Vedanta lifted their aluminium ingot prices to...
BALCO and Serentica Renewables India Private (SRIPL) signed a Power Delivery Agreement (PDA) to obtain hybrid renewable electricity for its aluminium operations in Chhattisgarh. BALCO will own 26 per cent of the stock in the Special Purpose Vehicle (SPV), and the project will be financed at a...
On Monday, April 3, Vedanta Limited, India’s leading multinational mining company, announced that its aluminium and high refined metal production reached record levels in the fiscal year of 2022-23 ended March 31. In a regulatory filing, the company said it produced the highest-ever amount of...
India’s top three aluminium players – NALCO, Hindalco, and Vedanta have elevated their aluminium ingot and aluminium products this week in tandem with the LME aluminium benchmark price hike. NALCO this week, with effect from Tuesday, March 28, lifted its aluminium ingot price by INR 5,600 per tonne...
The government of India is likely drawing up to sell its remaining stake in Bharat Aluminium Company Ltd (Balco) in the next financial year, as per reported by a media house. The Chhattisgarh-Korba-based Balco has been privatized now for more than two decades. It has also been stated the Union...
The advent of the Paris Act of 2015 has led global energy-intensive industries are adopting more sustainable ways to carry forward their business. Last week, Ball uploaded its Climate Transition Plan aligned with the most current UN guidelines. Vedanta Aluminium has begun circulating sustainability...
Vedanta Limited added INR 2,250 per tonne to its aluminium ingot and aluminium products prices on March 24 after two consecutive cuts last week. This week's hike brought the company’s aluminium ingot price to INR 215,750-246,250 per tonne versus INR 213,500-244,000 per tonne on March 18. Vedanta’s...
Vedanta Aluminium, in adherence with the 6th UN Sustainable Development Goal of 'Clean Water and Sanitation', has skilfully recycled 12.5 billion litres of water in February alone. Honouring World Water Day, the company has also found the momentum of constructing a new Sewage Treatment Plant (STP)...
Vedanta Limited continued to reduce its aluminium products prices on Saturday, March 18, bringing its aluminium wire rod price to the range between INR 221,000-228,500 per tonne, down by INR 1,500 per tonne from the previous day. On Thursday, March 16, Vedanta’s aluminium wire rod price stood at...
This week, the primary aluminium sector has witnessed major impending issues, like the Slovenian aluminium producer Talum’s closed operations, directly affecting the jobs and livelihood of 189 workers. While on the other side, we see €1.2 million from the European Globalisation Adjustment Fund for...
Vedanta Limited has lifted its aluminium ingot and aluminium products prices on Wednesday, March 15, after several cuts, in response to the LME aluminium price hike. Vedanta, India's leading aluminium producing company, has added INR 4,500 per tonne to its aluminium ingot price to sell the primary...
Vedanta Aluminium will reportedly supply industrial wastes like fly ash and spent pot lining to Dalmia Cement for manufacturing low-carbon cement. The two companies have formed a partnership, noting Vedanta’s mega aluminium smelter at Jharsuguda will send around 20 rakes of fly ash per month for...
Vedanta Limited, Lanjigarh, announced last month that its in-house laboratory received an official certification, the first in India, for its ability to test calcined alumina on all relevant physical and chemical parameters such as Bulk Density, BET Surface Area, Iron, Silicon, and Sodium. That...
Vedanta Limited has axed its aluminium products prices by INR 5,750 per tonne on Tuesday, March 7, following a hike last week. The company’s latest price slash has brought its aluminium wire rod price to INR 227,250-234,750 per tonne versus INR 233,000-240,500 per tonne on March 2. Vedanta’s...
Vedanta Limited elevated its aluminium products prices by INR 4,500 per tonne on Thursday, March 2, after the last revision about a week ago on February 25. The latest hike has brought the company’s aluminium wire rod price to INR 233,000-240,500 per tonne versus INR 228,500-236,000 per tonne on...
To commemorate National Science Day, India's largest aluminium producer Vedanta Aluminium organised a visit for Women's Degree College students to their mega aluminium smelter at Jharsuguda to learn and experience the 'Science of Aluminium' as part of the Campus Connect Programme. The aim was to...
Vedanta Limited has lifted its aluminium products prices and aluminium ingot prices for the second day in a row, bringing its aluminium wire rod price to INR 239,500-247,000 per tonne. That was an increase of INR 3,500 per tonne from the previous day. On February 21, Vedanta’s aluminium wire rod...
Vedanta Limited has again reduced its aluminium ingot and aluminium products prices, with effect from Friday, February 17, bringing its aluminium ingot price to INR 223,750-254,250 per tonne. The price is down by INR 4,000 per tonne from INR 227,750-258,250 per tonne on February 14. Vedanta has...
