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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Vedanta Limited has decreased its aluminium products prices by INR 4,000 per tonne or 1.68 per cent with effect from Thursday, September 2, bringing the aluminium wire rod price to INR 233,750-241,250 per tonne from INR 237,750-245,250 per tonne on August 28. The company’s aluminium billet price...
Vedanta Limited, the mining and metal giant has released the sixth edition of its ‘Tax Transparency Report’ for fiscal 2020-2021. The company is also well recognised as India's biggest producer of aluminium and one of the largest power generators in India. The report highlights the commodity...
The Indian industrial sector consists of two private primary aluminium producers and the third aluminium metal producer is a state-owned company. Now, all the three aluminium companies have delivered a remarkable performance in the Q1 of 2021-22. Furthermore, the trio not only earned record EBITDA,...
Vedanta Limited has continued to increase its aluminium products prices for the third time in a row, with effect from Saturday, August 28, after a cut of INR 3,500 per tonne on August 19. The company’s aluminium wire rod price has come in at INR 237,750-245,250 per tonne, up by INR 2,000 per tonne...
Vedanta has hiked its aluminium products price by INR 2,750 per tonne. With effect from Wednesday, 25 August 2021, the prices of some aluminium ingots stand at INR 228,250-241,250 per tonne, up by more than 1% from INR 225,500-238,500- per tonne on August 24. The billets price stands at INR 236,250...
Vedanta Limited has increased its aluminium products prices and aluminium ingot price with effect from Tuesday, August 24. The company’s aluminium wire rod price has come in at INR 233,000-240,500 per tonne, up by INR 1,500 per tonne from INR 231,500-239,000 per tonne on August 19. Hindalco is...
AlCircle team received a great opportunity to interview Dr Tapan Kumar Chand , Resident Director - Vedanta & Former Chairman cum Managing Director of National Aluminium Company (NALCO) following the virtual event of “Indian Aluminium Summit”. AlCircle: What is the major reason behind the surge in...
Vedanta has cut its aluminium products price by more than 2%. With effect from Thursday, 19 August 2021, the prices of some aluminium ingots have come in at INR 224,000-237,000 per tonne. This is down by INR 3,500 per tonne from INR 227,500-240,500- per tonne on August 18. The billets price stands...
Vedanta Limited has increased its aluminium products prices for the third time in a row since last Wednesday, August 11. With effect from August 18, the company’s aluminium wire rod price has come in at INR 235,000-242,500 per tonne, up by INR 2,500 per tonne from INR 232,500-240,000 per tonne on...
The aluminium downstream segment is considered as the major player of the global aluminium industry, however, this week it remained modest from the other segments of the value chain eventually. The Aditya Birla Group-owned Novelis Inc. declared the conclusion of its $150 million investment to...
Vedanta Limited has extended growth of its aluminium ingot and aluminium product prices on Friday, August 13. The company’s aluminium ingot price has come in at INR 225,000-238,000 per tonne, up by INR 1,500 per tonne from INR 223,500-236,500 per tonne on August 11. Vedanta’s aluminium wire rod...
Vedanta Limited has increased its aluminium product prices on August 11, a day after it significantly reduced the prices on August 10. The latest hike has brought the company’s aluminium billet price to INR 231,500 per tonne, up by INR 3,000 per tonne from INR 228,500 per tonne. Vedanta’s aluminium...
Vedanta Limited has sharply reduced its aluminium product prices with effect from Tuesday, August 10, in tandem with the plunge in LME aluminium benchmark price on August 9. Vedanta’s aluminium wire rod price has seen a cut of INR 5,500 per tonne or 2.30 per cent on Tuesday and standing at INR...
Vedanta has increased its aluminium products price by more than 1%. With effect from Saturday, August 7 2021, the prices of some aluminium ingots have stood at INR 226,000-239,000 per tonne, an increase of INR 3,500 per tonne from INR 222,500-235,500- per tonne on August 5. The billets price stands...
Primary aluminium sector witnessed some major developments last week. The week saw some of the biggest aluminium producers- Hindalco, NALCO and Qatalum announcing their financial results. Let's explore: Vedanta Aluminium Business purchased 354 million units of solar and non-solar renewable energy...
Vedanta Aluminium Business has won three Gold Awards at the SEEM National Energy Management Awards (SNEMA) 2020 for excellence in energy management at its Aluminium Smelters I & II and 1215MW Captive Power Plant at Jharsuguda, Odisha. Vedanta’s 1215MW Captive Power Plant and 2400 MW Thermal Power...
Vedanta Limited has continued to decrease its aluminium ingot and aluminium product prices for the second straight day by INR 2,000 per tonne. With effect from Thursday, August 5, Vedanta’s aluminium ingot price has been reduced to INR 222,500-235,500 per tonne from INR 224,500-237,500 per tonne a...
Vedanta Limited has decreased its aluminium ingot and aluminium product prices with effect from Wednesday, August 4, in line with the fall in the LME aluminium benchmark price on August 3. Vedanta is currently selling its aluminium wire rod at INR 232,000-239,500 per tonne, down by INR 2,750 per...
