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 Chief Executive Officer of Vedanta Aluminium, Ajay Kapur stated: “Vedanta Aluminium has set a capital expenditure target of $300 million for the current fiscal.” Kapur added: “Our most significant expansion will be at our Lanjigarh alumina refinery, subject to government approvals, the majority...
India’s largest producer of aluminium and value-added aluminium products, Vedanta Aluminium on 15 th May 2021, observing the occasion of International Day of Families 2021, declared the COVID Kavach (Shield) Term Insurance Policy for employees of business partners across its plants in Jharsuguda...
Vedanta has reduced its aluminium products price by INR 3,000 per tonne. With effect from Saturday, 15 May 2021, the prices of some aluminium ingots have declined by more than 1% to stand at INR 206,500-219,500 per tonne from INR 209,500-222,500 per tonne on May 13. The company’s billets price...
Vedanta Limited announced its audited consolidated results for the fourth quarter and full year ended 31st March 2021. For Q4 FY2021, the company reported all time high EBITDA at INR 9,107 crore, up 18% quarter-on-quarter and 88% year-on-year due to “higher volumes at Zinc India, Aluminium & Iron...
Vedanta Limited, a subsidiary of Vedanta Resources Limited, has sharply cut its aluminium products and aluminium ingot prices with effect from Thursday, May 13. Vedanta's aluminium wire rod price has come in at INR 217,000-224,500 per tonne, down by INR 7,250 per tonne from INR 224,250-231,750 per...
Vedanta has raised its aluminium products price for the sixth time in a row. With effect from Tuesday, 11 May 2021, the prices of some aluminium ingots have come in at INR 216,750-229,750 per tonne, indicating a growth of 1.3% or INR 2,750 per tonne from INR 214,000-227,000 per tonne on May 8. The...
Vedanta Aluminium & Power Business has accelerated the use of cutting-edge technologies and digital solutions to protect the workforce against the COVID-19 and sustain production to meet India’s needs for aluminium. The news came after Vedanta said that it integrated the best-in-class digital...
Vedanta has raised its aluminium products price for the fifth time in a row. With effect from Saturday, 08 May 2021, the prices of some aluminium ingots have increased by 1.3% or INR 2,750 per tonne to stand at INR 214,000-227,000 per tonne from INR 211,250-224,250 per tonne on May 7. The company’s...
Vedanta Limited has expanded its aluminium ingot and aluminium products prices for the fourth time in a row, with effect from Friday, May 7. The last raise was a week ago, on April 30, by INR 2,250 per tonne. This week, Vedanta’s aluminium ingot price has witnessed an increase of INR 3,250 per...
Vedanta Aluminium & Power Business has announced that more than 7500 of its people received COVID vaccine across its plants. The company has also increased the capacity of its COVID Care Centres and quarantine in Odisha and Chhattisgarh to handle the pandemic scenario around its areas of...
Vedanta has reported a growth in its aluminium products by INR 2,250 per tonne. With effect from Friday, 30 April 2021, the prices of some aluminium ingots have increased by more than 1% to stand at INR 208,000-221,000 per tonne from INR 205,750-218,750 per tonne on April 23. The company’s billets...
Vedanta Limited has raised its aluminium products and aluminium ingot prices by INR 3,750 per tonne with effect from Friday, April 23. Hence, the company is now selling its aluminium wire rod price at INR 213,250-220,750 per tonne compared to INR 209,500-217,000 per tonne on April 20. Vedanta’s...
Vedanta Limited has raised its aluminium products prices by INR 2,500 per tonne with effect from Tuesday, April 20. The company’s aluminium wire rod price has come in at INR 209,500-217,000 per tonne compared to INR 207,000-214,500 per tonne on April 17, while the price of Vedanta’s aluminium...
A day after increasing the aluminium products prices by INR 7,000 per tonne on April 16, both Hindalco Industries Limited and Vedanta Limited reduced the prices by a little more than 1 per cent with effect from April 17, 2021. Hindalco’s aluminium wire rod price came in at INR 210,350 per tonne on...
Vedanta Limited has increased its aluminium ingot and aluminium products prices for the fifth time in a row with effect from Friday, April 16. In tandem with the continuous surge in LME aluminium benchmark price, the company has sharply increased the prices of its products by INR 7,000 per tonne...
Vedanta has reported a growth in its aluminium products for the fourth day in row. With effect from Friday, 09 April 2021, the prices of some aluminium ingots have increased by more than 1% or INR 2,750 per tonne from Thursday’s price of INR 192,750-205,750 per tonne. Aluminium price is currently...
Vedanta has hikes its aluminium products price for the three consecutive days. With effect from Thursday, 08 April 2021, the prices of some aluminium ingots are in the range of INR 192,750-205,750 per tonne. The price has marked a growth of 0.78% or INR 1,500 per tonne from INR 191,250-204,250 per...
Vedanta Aluminium & Power Business, India’s largest producer of aluminium and value-added products, is facilitating hundreds of MSMEs in remote rural areas with its innovative ‘Waste to Wealth’ programme. This programme is part of Vedanta’s sustainability goals and commitments toward socio-economic...
