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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On Tuesday, January 24, the Aluminium Stewardship Initiative announced the joining of Vedanta Limited (Aluminium Business) as a new Production and Transformation member. Vedanta Aluminium is one of the world’s leading aluminium producers and the largest in India, with operations in Odisha and...
Vedanta Limited has slashed the prices of aluminium products from January 20 following a surge on the previous day. The company has cut its aluminium wire rod price by INR 9,250 per tonne or 3.5 per cent to INR 245,500-253,000 per tonne as of January 20. On January 19, the price stood at INR...
On January 19, 2023, the CEO of Vedanta Aluminium, Rahul Sharma, said that the weight of a car is reduced by one kilogramme for every kilogramme of aluminium utilised in the vehicle. He continued that this correlates to an improvement in the driving range, meaning that 100 kg saved on any electric...
Vedanta Limited lifted its aluminium products and aluminium ingot prices by INR 4,500 per tonne on Saturday, January 14. That brought the company’s aluminium wire rod price to INR 243,000-250,500 per tonne versus INR 238,500-246,000 per tonne on January 12. With the latest hike, Vedanta’s aluminium...
In the midst of a potential demand-supply scenario across the primary aluminium sector, given the rising investments towards reducing the carbon footprint at production, there were some key developments in global primary aluminium projects in 2022. While some projects were for developing clean...
Vedanta Limited has lifted its aluminium ingot and aluminium products prices by INR 7,750 per tonne, with effect from Tuesday, January 10. That has brought the company’s aluminium ingot price to INR 222,750-253,250 per tonne versus INR 215,000-245,500 per tonne on January 7. Vedanta’s aluminium...
Vedanta Limited has increased its aluminium ingot and alumium products prices, with effect from Thursday, January 6, following a slash last day. On January 6, Vedanta’s aluminium ingot price has seen a rise of INR 1,250 per tonne to peg at INR 217,500-248,000 per tonne. On January 5, the price...
Vedanta Limited has reduced its aluminium ingot and aluminium products prices with effect from Wednesday, January 4. The company’s aluminium ingot price has seen a cut of INR 1,750 per tonne, reaching INR 223,750-254,250 per tonne versus INR 225,500-256,000 per tonne on January 3. Vedanta’s...
On Tuesday, January 3, Vedanta Limited announced its aluminium production recorded a drop of 2 per cent over a quarter to stand at 566,000 tonnes in the third quarter of the current financial year. In Q2 FY2023, Vedanta’s aluminium output was 584,000 tonnes, reflecting a 2 per cent rise...
This year, Vedanta Aluminium celebrated Christmas in a new fashion, organising an innovative safety sensitisation campaign at its plant and township. Keeping the objective in mind while also the Christmas vibe, they named the campaign ‘Safety Santa’. The company’s personnel dressed as Santa Claus...
Vedanta Limited trimmed its aluminium ingot and aluminium products prices by INR 1,250 per tonne on Tuesday, December 27, following a raise of INR 3,000 per tonne on December 22. That brought the company’s aluminium ingot price to INR 224,250-255,250 per tonne versus INR 225,500-256,500 per tonne...
The renowned Indian aluminium producer Bharat Aluminium Company Limited (BALCO), a subsidiary of Vedanta Aluminium, has been awarded the "Gold Award" by Arogya World in the category of "Healthy Workplaces Awards - 2022." Arogya World is a global health non-profit organization working to prevent...
Vedanta Limited has curtailed its aluminium products and aluminium ingot prices by INR 3,000 per tonne, with effect from December 20. That followed a cut of INR 2,750 per tonne in the previous week, December 17. With the latest cut, Vedanta’s aluminium wire rod price has come in at INR 230,000-...
The advent of the Paris Agreement in 2015 made it very clear to the energy-intensive industries of the world that it was high time to curb their carbon emissions. Factories and refineries were warned about the severe effects of carbon earlier, but with this agreement, the entire world came to...
The primary aluminium sector is gradually adopting more sustainable drives to build a better future for the upcoming generation. Vedanta's subsidiary, Bharat Aluminium Company Limited (BALCO), is exploring biodiesel applications across plant operations to decarbonise emissions, whereas the parent...
Vedanta Limited’s aluminium ingot and aluminium products prices have rebounded on December 16 after a dip on the previous day. On Thursday, December 15, the company cut its aluminium ingot selling price by INR 1,250 per tonne to INR 228,250- 259,250 per tonne but added to same amount on the next...
On National Energy Conservation Day, Vedanta Aluminium, the largest aluminium producer in India, released its Sustainable Development (SD) Report for FY 2021–22, titled 'Accelerating to Net Zero.' The report summarized the organization's performance concerning critical sustainability dimensions,...
India’s iconic aluminium producer and a subsidiary of Vedanta Aluminium, Bharat Aluminium Company Limited (BALCO), is exploring biodiesel applications across plant operations to decarbonize emissions. The business initially uses it as fuel for specialist vehicles used for plant-wide mobility. When...
