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 first half of 2020 experienced a steady drop in primary aluminium prices worsened by falling demand for the metal due to the COVID19 pandemic. Slowdown in global economy caused by the unprecedented crisis touched upon almost all the industrial sectors, including automobile, construction, and...
Vedanta Limited has reduced the prices of its aluminium ingot and aluminium products with effect from Tuesday, December 22, after two consecutive hikes on December 10 and December 11. With the latest cut, Vedanta’s aluminium ingot price has come in at INR 167,750-180,750 per tonne, down by INR...
Vedanta has hiked its aluminium products price after cutting it for the second time in a row. With effect from Thursday, December 10 2020, the prices of some aluminium ingots are in the range of INR 167,500-180,500 per tonne. This marks an increase of INR 1,500 per tonne from INR 166,000-179,000...
Vedanta has cut its aluminium products price for the second time in a row. With effect from Wednesday, December 9 2020, the prices of some aluminium ingots are in the range of INR 166,000-179,000 per tonne, down by INR 1,250 per tonne from INR 167,250-180,250 per tonne on December 8. Billet price...
Vedanta Limited has reduced the prices of its aluminium ingot and aluminium product with effect from Tuesday, December 8, following a hike last week on December 2. Vedanta has cut its aluminium ingot price by INR 2,750 per tonne or 1.62 per cent from INR 170,000-183,000 per tonne to INR...
Anil Agarwal’s Vedanta Aluminium is the largest producer of aluminium in India. The green metal is a sovereign decisive influential commodity and stands second in the list of preferential metals in the world. The characteristics and utility of aluminium prioritize it as a metal of choice and it is...
Naivedya Agarwal, son of Navin Agarwal, Chairman of Vedanta Limited, India’s leading producer of aluminium, founded Runaya in 2017 to seize the market of aluminium dross, which now pulls in around INR 150 crore turnovers. The second most used metal in the world is aluminium, which has an annual...
Vedanta has raised its aluminium products price today after the cutting the price of the same products on November 25. With effect from Wednesday, December 2 2020, the prices of some aluminium ingots are in the range of INR 170,000-183,000 per tonne, up by INR 5,250 per tonne from INR...
Vedanta has reduced the prices of its aluminium ingot and aluminium products with effect from Wednesday, November 25, after increasing them for six times in a row till a week ago. The company has cut its aluminium prices in tandem with the downtrend of global aluminium benchmark price on the London...
Vedanta Lanjigarh, India’s premier producer of metallurgical grade alumina, has begun the ‘Energy Conservation Project’ to promote clean lighting and clean cooking in the villages of Lanjigarh. Under the project, the company has already distributed solar lights to every household in Dengsargi...
Vedanta Limited announced Organizational changes last month, wherein it centralized the Procurement & Marketing functions across all it’s businesses into an integrated Group Commercial Organization. As part of these Organization changes, Vedanta appointed Deeptaman Mukherjee as the ‘Director, Group...
Vedanta announced that its Jharsuguda plant received APEX India Green Leaf 'Platinum' Award for sustainability in the Metals & Mining category. The company said Platinum is the highest category among sustainability awards. Mr. CN Singh, CEO - Vedanta Ltd., Jharsuguda, said, “Vedanta’s operations...
Vedanta has raised its aluminium products price for the sixth time in a row. With effect from Thursday, 19 November 2020, the prices of some aluminium ingots are in the range of INR 166,500-179,500 per tonne, up by INR 2,250 per tonne from INR 164,250-177,250 per tonne on November 18. The company’s...
Vedanta has hiked its aluminium products price for the fifth time in a row. With effect from Wednesday, 18 November 2020, the prices of some aluminium ingots are in the range of INR 164,250-177,250 per tonne, up by INR 1,750 per tonne from INR 162,500-175,500 per tonne on November 14. The company’s...
Vedanta has hiked its aluminium products price for the fourth time in a row. With effect from Saturday, 14 November 2020, the prices of some aluminium ingots are in the range of INR 162,500-175,500 per tonne, up by INR 1,500 per tonne from INR 161,000-174,000 per tonne on November 13. The company’s...
Vedanta has increased the prices of its aluminium product and aluminium ingot for the third time in a row, with effect from Friday, November 13. The last time Vedanta hiked its aluminium prices was on November 4. This week, the company has raised its aluminium wire rods price by INR 1,500 per tonne...
On 6 th November’20, Vedanta reported 61.80% shrink in consolidated net profit at INR 824 crore for the quarter ended 30 th September’20 on the back of one-time tax expense. Vedanta said in a filing to BSE: “The Company posted a net profit of INR 2,158 crore in the year-ago period.” Income during...
Ajay Kapur, CEO - Aluminium & Power at Vedanta Limited, has pointed out in a recent interview that transportation accounts for the largest share of aluminium consumption at 27 per cent across the globe. The use of aluminium in the auto sector surged after the oil crisis in 1970s, triggering fuel...
