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 primary aluminium sector was extremely active this week, with big aluminium companies like EGA, Alba, Vedanta, INALUM and many other prominent ones extending hands in collaboration for a better sustainable future. Emirates Global Aluminium and PT Indonesia Asahan Aluminium (INALUM) have signed...
Vedanta Limited’s aluminium products prices have witnessed further expansion over the past four days ending November 16. The company’s aluminium wire rod price has been grown by INR 2,000 per tonne to INR 234,000-241,500 per tonne, following a significant hike of INR 9,250 per tonne on Saturday,...
India's largest aluminium producer, Vedanta Aluminium, implemented Internet of Things (IoT)-based technology for cooling water analysis and total water usage reduction at its power facilities in Jharsuguda, Odisha. These power plants employ a network of cooling towers with natural draughts and a...
Vedanta Limited hiked its aluminium ingot and aluminium products prices, with effect from Saturday, November 12, after a cut by INR 6,250 per tonne on the previous day. On November 12, Vedanta’s aluminium ingot price saw an expansion of INR 9,250 per tonne from INR 215,250-246,250 per tonne to INR...
This week, the global aluminium industry saw the Q3 results of some prominent aluminium companies. To begin with, Alba reported a profit of BD48 million (US$127.6 million) for the third quarter of 2022, 62% lower than the BD125.9 million (US$335 million) profit for the same quarter in 2021. In its...
Vedanta, one of the largest producers of aluminium in India, has achieved yet another milestone. The company obtained the Bureau of Indian Standards (BIS) certification and has become the first in the Indian aluminium business to have received the BIS certification for its broad range of aluminium...
Vedanta Limited has curtailed its aluminium products and aluminium ingot prices by INR 2,000 per tonne or 1 per cent, with effect from Tuesday, November 8. With the latest cut, the company’s aluminium wire rod price has come in at INR 225,750-233,250 per tonne versus INR 227,750- 235,250 per tonne...
The logistics firm specializing in Full Truck Load (FTL) services, Orissa Bengal Carrier (OBCL), which has served satisfactorily in the past decade, has inked a contract with mining and metal giant Vedanta to transport finished aluminium items. On November 3rd, 2022, OBCL stated, "The agreement is...
India's leading premier metallurgical grade alumina producer, Vedanta Alumina, Lanjigarh, is encouraging Waste-To-Wealth MSMEs in the Kalahandi district of Odisha. It has been supplying lime grit to local brick manufacturers, enabling the circular economy to turn industrial waste into value-added...
On November 3rd, 2022, London-based Vedanta Resources, the holding company of India’s Vedanta Limited, discontinued the rating services of Moody’s after the latter lowered the company’s ratings on debt concerns. Commodity tycoon billionaire Anil Agarwal led Vedanta Limited, India's leading...
Vedanta Limited has expanded its aluminium ingot and aluminium products prices, effective from Wednesday, November 2, soon after it cut the prices on the previous day. On November 1, the company reduced its aluminium ingot price by INR 2,750 per tonne to INR 210,250- 240,750 per tonne, following...
The renowned Indian aluminium manufacturer Bharat Aluminium Company Limited (BALCO), a subsidiary of Vedanta Aluminium, has successfully executed test runs for biodiesel in smelting operations. In the pilot test, the company preheated ladles or vehicles that transport hot metal (aluminium) in its...
Vedanta Limited’s aluminium products prices saw a cut on Saturday, October 29, soon after they increased by INR 2,000 per tonne on the previous day. As per the last updated price chart, Vedanta’s aluminium wire rod price is standing at INR 220,500-228,000 per tonne since October 29, down by INR...
The Indian multinational mining and metal giant Vedanta’s Board has approved the growth expansion project of its subsidiary Bharat Aluminium Company (Balco) at its meeting held on October 28, 2022. A revised cost of $ 72 million (INR 595 crore) has been assessed for expanding Balco's rolled product...
Vedanta Limited hiked its aluminium wire rod and billet prices, effective from Thursday, October 27, following a slash of INR 6,000 per tonne on October 22. The company’s aluminium wire rod price witnessed a gain of INR 9,500 per tonne on October 27 to come in at INR 224,750-232,250 per tonne...
Vedanta Limited has hiked its aluminium products and aluminium ingot prices with effect from October 21 in response to the LME aluminium price rally after four consecutive days of decline. Vedanta’s aluminium wire rod price has accumulated INR 6,000 per tonne to range between INR 221,250- 228,750...
Bharat Aluminium Company (BALCO), Vedanta's subsidiary company, has been declared the successful bidder for the Barra Coal Block, situated in the Raigarh district of Chhattisgarh under Tranche IV of the commercial coal block auction conducted by the Ministry of Coal, Govt. of India. Considering the...
Vedanta Limited has continued to reduce its aluminium ingot and aluminium products prices, with effect from Wednesday, October 12. The company has further axed its aluminium ingot price by INR 5,000 per tonne or 2.3 per cent to INR 212,250- 242,750 per tonne. On the previous day, it stood at INR...
