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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Bharat Aluminium Company Limited (BALCO) was established in 1965 as a Public Sector undertaking in Korba, Chhattisgarh. After its disinvestment in 2001, the Vedanta Group has taken over its management. The plant is hailed as one of India’s greatest disinvestment turnaround success stories, with a...
On Friday, January 28, Vedanta Limited, a subsidiary of Vedanta Resources Limited, declared its unaudited Q3 and nine months results ended December 31, 2021. The company said it earned consolidated quarterly revenue of INR 33,697 crore, an increase of 12 per cent Q-o-Q from INR 30,048 crore and up...
India’s largest producer of aluminium and value-added products, Vedanta Aluminium and start-up manufacturing firm Runaya Refining have secured the ‘Gold’ award at the (Business World) BW Recycling for a Greener Tomorrow Awards 2022 in the category of ‘Best in Recycling or Material Recovery Facility...
India’s iconic Aluminium producer, Bharat Aluminium Company Limited (BALCO) apart from setting new benchmarks in the field of production, productivity, research and development, quality and others have also served the society with optimism through its various flagship projects. The momentous...
Renewable energy, which is commonly referred to as clean energy, as it is derived from natural sources or processes that are continuously replenished, for instance, sunlight keeps shining and the wind keeps blowing, even though their obtainability banks on time and weather. The biggest aluminium...
According to a recent report, Vedanta Aluminium Business has entered into an agreement with GEAR (Gemini Equipment and Rentals Private Limited) India to install one of the largest fleets of lithium-ion battery-powered electric forklifts. Vedanta is the first in Indian aluminium industry to...
On 3 rd January 2022, the largest producer of aluminium in India, Vedanta declared that cast metal aluminium production at its smelters stood at 579,000 tonnes in Q3 of the current financial, documenting a rise of 16%. While filing to the BSE, the company stated: “The cast metal aluminium...
The leading aluminium producer of India, Vedanta’s aluminium smelter expansion plan in Jharsuguda has been obstructed by Odisha High Court on the environment clearance grounds. The mining and metal company based in India is projected to augment its annual production capacity from 16 lakh MT to 18...
The largest aluminium producer of India, Vedanta’s Aluminium Business has rolled out high-speed billets for the global extrusion industry through a virtual event with associates from the downstream and extrusion industry. The commodity tycoon Anil Agarwal chaired company’s global experts on billet...
On Tuesday, December 14, Vedanta Aluminium Business launched its Sustainable Development Report (SDR) titled, ‘Nature, Nurture, Future’, for FY 2020-21. Vedanta Aluminium Business, a part of Vedanta Limited, is India's largest aluminium maker, generating more than half of the country's aluminium,...
India’s ministry of mines has reportedly recommended the ministry of finance to raise the import tariff on primary aluminium products, such as ingots and billets, from the existing 7.5 per cent to 10 per cent. The news came after industry sources said on Friday, December 10. “Earlier this week,...
Compared to the aluminium smelters in West Asia, which benefit from low-cost natural gas, and those in Europe and Canada which benefit from hydropower, India's white metal production is solely dependent on significantly more expensive coal-fired energy. However, this country has a distinct edge...
On Tuesday, December 7, Vedanta Aluminium Business, a branch of Vedanta Limited, one of the leading aluminium manufacturers in India, invited aluminium companies to the Enterprise Odisha 2021 event. The offer is to become a partner in the company's aluminium park project in Jharsuguda, Orissa....
Shares of three notable aluminium makers recorded higher in trade, followed by the Central Government’s announcement of the imposition of anti-dumping duty on select aluminium products imported from China. National Aluminium Company’s share was traded higher by 5.77 per cent, Hindalco Industries...
India’s iconic aluminium producer, Bharat Aluminium Company (BALCO) has recently dispatched its first rake of fly-ash to a prominent cement manufacturer, to aid in the production of low-carbon cement. This is a significant stride in BALCO’s aim of ensuring 100% fly-ash utilization in a gainful...
On 18 th November 2021, Deeptaman Mukherjee, the Director of Commodities for Vedanta’s Aluminium Business stated that annual aluminium production in India could attain five million tonnes in the next five to six years, which is an increase of around 25% from current levels. Mukherjee said based on...
At Enterprise Odisha 2021, Vedanta Aluminium Business, India's biggest manufacturer of aluminium and its value-added products, revealed intentions to work on innovation and technology with entrepreneurs and start-ups. The 23rd edition of Enterprise Odisha, organised by the Confederation of Indian...
The Odisha Electricity Regulatory Commission’s positive move by allowing one unit of Vedanta IPP adding to the surplus power within the state to utilize its power for aluminium production within the state which would be developing thousands of employment in and around Jharsuguda. As a judicial...
