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
Vedanta Limited has axed its aluminium products and aluminium ingot prices, with effect from Tuesday, October 11, following three back-to-back hikes. According to the revised prices revealed, the company’s aluminium wire rod price has seen a slash of INR 5,250 per tonne to range between INR...
This week the global primary aluminium segment witnessed a lot of ups and downs. To begin with, in response to a recent media allegation, the largest producer of aluminium in the world, Rusal, vehemently denied any claims that it intended to supply significant amounts of metal on the LME, in...
On Monday, October 3, Vedanta Limited, an Indian multinational mining company, reported that its aluminium production stood at 584,000 tonnes in the second quarter of FY2023 ended September 30. That edged 2 per cent higher than 570,000 tonnes during the corresponding period of the last year. The...
Vedanta Limited has further decreased its aluminium ingot and aluminium products prices, effective from Wednesday September 28, after the previous cut on September 24. The company’s aluminium ingot price has witnessed a decline of INR 3,000 per tonne to INR 199,750- 229,250 per tonne versus INR...
Vedanta Aluminium, India’s largest and one of the world’s leading producers of aluminium, has reportedly won the title Made in India aluminium at ALUMINIUM 2022 in Düsseldorf, Germany. To express gratitude, Rahul Sharma, CEO of Vedanta Aluminium, said: “As India’s largest producer of aluminium, it...
Vedanta Limited reduced its aluminium ingot and aluminium products prices, with effect from Saturday, September 24, following a rise of INR 2,500 per tonne on the previous day. Vedanta’s aluminium wire rod price saw a cut of INR 3,250 per tonne on September 24 to stand at INR 210,250- 217,750 per...
Hydro has incorporated a third aluminium extrusion press at its manufacturing facility in Rackwitz with Euro 11 million investment that will double the plant's extrusion capacity by 12,000 tonnes annually. Elkem, Hydro, and Altor-owned firm Vianode, the maker of sustainable engineered battery...
Vedanta Limited has added INR 1,250 per tonne to its aluminium ingot and aluminium products prices, with effect from Wednesday, September 21. That followed a cut of INR 3,250 per tonne on Tuesday, September 20. On September 21, Vedanta’s aluminium ingot price has come in at INR 207,500- 237,000 per...
Vedanta Limited increased its aluminium products and aluminium ingot prices on Friday, September 16, following an intermittent fall on the previous day. According to the revised price chart revealed by Vedanta, the company’s aluminium wire rod price saw a hike of INR 3,750 per tonne to stand at INR...
Following the announcement of Vedanta's new investment plan in Odisha for around $3 billion (INR 25000), the group is all set to build an aluminium park at Jharsuguda. An investment of $50 million (INR 400 crore) will create a special purpose vehicle (SPV) for the park's development. Initially...
This week the downstream sector has been alive with innovative incidents where, Greek aluminium and copper producer, Elvalhalcor, was found estimating the company’s crossover to liquefied petroleum gas (LPG) from fossil fuel (natural gas) to help de-escalate its power bill. To manufacture new...
On 14 th September 2022, Anil Agarwal, the Chairman of Vedanta Resources stated that his company has new investments of more than USD$3 billion (INR 25,000 crore), as it has plans to expand its aluminium, ferrochrome, and mining businesses in Odisha. The founder of Vedanta Resources made this...
Vedanta, the leading manufacturer of aluminium in India, has appointed Dilip Sinha as the new chief human resources officer (CHRO). In his new position, Sinha, who has 24 years of extensive expertise in human resource management, will oversee all aspects of HR for Vendanta's aluminium company....
Vedanta Limited back-to-back increased its aluminium ingot and aluminium products prices, with effect from Saturday, September 10. The company expanded its aluminium ingot price by INR 2,000 per tonne or 1 per cent to INR 210,500-240,000 per tonne. On September 9, the price stood at INR...
Abhijit Pati is the Chief Executive Officer & Whole Time Director of Bharat Aluminium Company Limited (Balco). Abhijit Pati has been a name to reckon with the Aluminium industry for the past three decades. He joins Balco after an appreciable stint as Chief Executive Officer of Vedanta Limited,...
Vedanta Limited has again reduced its aluminium ingot and aluminium products prices, with effect from Wednesday, September 7, following an intermittent raise on September 3. With the latest cut, the company’s aluminium ingot price has come in at INR 209,250- 238,750 per tonne, down by INR 4,000 per...
Vedanta Aluminium has set another national benchmark, and this time it is all about water efficiency. On Tuesday, September 6, the company declared its Aluminium Smelter-I at Jharsuguda (Odisha) substantially reduced Specific Water Consumption (water consumed per unit of metal produced) by around...
Vedanta Limited has slightly stretched its aluminium products and aluminium ingot prices, with effect from September 3, following a slash on the day before. As per the revised price list revealed by Vedanta, the company’s aluminium wire rod price has come in at INR 220,750-228,250 per tonne, up by...
