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
On Tuesday the Supreme Court session commenced on a very serious allegation put down by Vedanta Ltd on National Aluminium Company Ltd (NALCO) the former pressing charges for non-compliance of the order dated January 14, 2020, due to which a three-judge bench allowed the plaintiff to bid for NALCO’s...
Vedanta Limited again chopped its aluminium ingot and aluminium products prices, with effect from Tuesday, April 12, following an increase on April 9. As per the revised prices revealed, Vedanta is selling its aluminium ingot at INR 281,000-328,500 per tonne, down by INR 13,000 per tonne or 4 per...
After a sharp cut of INR 7,250 per tonne across all the aluminium products on April 8, Vedanta Limited has lifted its aluminium prices, with effect from April 9. The company has increased its aluminium ingot price by INR 4,000 per tonne to INR 294,000- 341,500 per tonne on April 9 as against INR...
India’s largest aluminium producer, Vedanta Aluminium freighted its introductory 4000-tonne fly ash consignment rake to one of the plants of Holcim India – ACC Cement, Chaibasa Cement Works to produce low-carbon cement. ACC ranks as India’s leading cement producer. The aluminium company stated that...
Vedanta Limited further cut its aluminium products and aluminium ingot prices for the third time in a row over about a week, with effect from Wednesday, April 6. Vedanta’s aluminium wire rod price saw a trim of INR 3,000 per tonne or 1 per cent to INR 301,500- 309,000 per tonne versus INR...
Gangavaram Port, the country’s deepest and most advanced port achieves yet another record-breaking milestone. The port staff loaded the most aluminium ingots in a single day, 6,559 tonnes of Aluminium ingots for the vessel SEACON MANILA at Berth No 1. This is a new national record for any Indian...
Vedanta Limited, a globally diversified natural resources company announced on Thursday, March 31, that its board of directors had approved plans to procure 580 MW of renewable energy (RE) for the company's operations in India. This power source has the potential to prevent around 2.7 million...
Vedanta Limited reduced its aluminium ingot and aluminium products prices for the second time in a row in the new financial year 2022-23. With effect from April 5, the company cut its aluminium ingot selling price by INR 4,250 per tonne or 1.4 per cent to INR 297,000-344,500 per tonne. On April 2,...
On Monday, April 4, 2022, mining giant Vedanta Limited announced that its aluminium and zinc production grew by 8 per cent in the fourth quarter ended March 31, while the output of iron ore increased by 18 per cent, as compared to the figure in the same period last year. From 531,000 tonnes in Q4...
According to a report on Tuesday, March 22, India’s largest aluminium producer Vedanta Aluminium Business has recycled 14 billion litres of water as of January FY2022, following its own robust Water Management Policy. As part of the commitment to fulfil water sustainability goals, Vedanta strives...
On 11 th March 2022, Dr Tapan Kumar Chand, the former Chairman and Managing Director of Nalco and presently the President of Vedanta’s Odisha and Chattisgarh aluminium operations stated that the state government of Odisha needs to step up to resolute the coal crisis. Following the challenge of the...
On 2 nd March 2022, the Indian stock market demonstrates the upward movement of the share prices of the Indian metal companies in a weak market, following the Russia Ukraine combat, which generated opportunities for the metal firms to boost their export, as imposed sanctions and intensifying ties...
The global manufacturing industry encountered the deadly Covid pandemic with plenty of dents, the aluminium sector was also one of those challenges. However, India’s mining and metal giant, Vedanta's aluminium business, counter the pandemic well and was not heavily impacted. Now, it tends to focus...
Not much has been happening in the downstream sector of the global aluminium industry. To begin with, the Salzburger Aluminium Group, an Austrian family firm with 1100 people globally, had a tremendously promising year in 2021. SAG a global supplier to all well-known OEMs, increased revenues by...
According to a report on February 24, Vedanta Aluminium Business has launched its low carbon, green aluminium brand named ‘Restora’, with two product lines – Restora (low carbon aluminium) and Restora Ultra (ultra-low carbon aluminium). This brand is not only Vedanta’s but India’s first low carbon...
The largest producer of green metal in India, Vedanta Aluminium Business, has secured 4th rank among global aluminium producers in the Dow Jones Sustainability Index (DJSI) family. The Dow Jones Sustainability Indices is a global benchmark that shadows the performance of the world's leading...
India’s largest producer of aluminium and value-added products, Vedanta Aluminium will join forces with cement, construction and infrastructure industries for the gainful application of its by-products - fly-ash, the fallout in thermal power generation and bauxite-residue, the aftereffect of...
AlCircle: What is the present situation of BALCO’s capacity and products manufactured? Mr. Abhijit Pati: Bharat Aluminium Company Limited (BALCO) is India’s iconic aluminium producer. It is owned 49% by the Government of India and 51% by Vedanta Limited. BALCO is part of Vedanta’s Aluminium...
