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, the largest primary aluminium producer of India, has appointed century-old non-ferrous metals, ferroalloys and pig iron trading company Gerli Metalli SPA as a service partner onwards 2021 for the Italian market. Vedanta with its two state-of-art aluminium smelters at Jharsuguda (Odisha)...
Vedanta has raised its aluminium ingot price after declining the price of the same product on October 2. With effect from Tuesday, 06 October 2020, the prices of some aluminium ingots are in the range of INR 145,500-158,500 per tonne, registering a growth of INR 2,000 per tonne from INR...
Vedanta Limited announced that it saw a downfall of 23.5 per cent in its quarterly profit ended on June 30, attributing to lower production and demand amid the world’s strictest lockdown due to the COVID-19 pandemic. Billionaire Anil Agarwal’s group’s net income slumped to INR 1,033 crore ($141...
Vedanta has reduced its aluminium ingot price today after hiking the price of the same products by INR 1,500 per tonne on September 29. With effect from Friday, 02 October 2020, the prices of some aluminium ingots are in the range of INR 143,500-156,500 per tonne, marking a decline of INR 2,250 per...
The Indian Aluminium giant Vedanta Aluminium Ltd’s proposal to expand its aluminium smelter plant in Odisha’s Jharsuguda district saw multiple twists and turns on 29 th -30 th September’20. Notwithstanding, the final decision has been deferred until 5 th October, while Vedanta being permitted to...
The founder and Chairman of Vedanta Resources Limited, Anil Agarwal is seeking leastwise $5 billion for a fund earmarking companies being sold off by Government of India, as per industry professionals. This is a practised strategy, marking a return that made him wealthy. Mr Agarwal is intending an...
Vedanta Limited has increased its aluminium ingot and aluminium product prices with effect from Tuesday, September 29, following two consecutive declines on September 18 and 24. Vedanta is now selling its aluminium ingot at INR 145,750-158,750 per tonne, up by INR 1,500 per tonne or 1 per cent from...
Vedanta, the globally diversified metal and mining company appointed MK Razdan, the former CEO and editor-in-chief of PTI as a Senior Advisor for the Corporate Communications team. He will be based out of Delhi. Razdan is a well-known name in the industry and has spent over three decades in the...
The new aluminium price list of Vedanta shows that the company has reduced its aluminium ingot and aluminium product prices further for the second consecutive day, with effect from Thursday, September 24. With the latest cut, Vedanta’s aluminium ingot price is now ranging between INR 144,250 per...
Indian mining and metal tycoon Anil Agarwal, who made a fortune acquiring, state-owned companies and revamping them, is drawing up to raise an investment fund targeting turnaround opportunities in the country, as per industry sources. The Founder and chairman of Vedanta Resources Ltd. is working...
Vedanta has reduced its aluminium ingot price today after hiking the price of the same products by INR 2,000 per tonne on Wednesday. With effect from Friday, 18 September 2020, the prices of some aluminium ingots are in the range of INR 146,500-159,500 per tonne, marking a decline of INR 1,250 per...
China has performed into a net importer of aluminium and other metals for the third consecutive month in August’20. Since the country’s infrastructure blow-out in 2009 after the financial crisis, this was the first time in 11 years. The drift may boost India’s metals and mining sector which has...
Vedanta has hiked its aluminium ingot price today after cutting the price of the same products last week. With effect from Wednesday, 16 September 2020, the prices of some aluminium ingots are in the range of INR 147,750-160,750 per tonne. That is up INR 2,000 per tonne from INR 145,750-158,750 per...
Vedanta’s Jharsuguda reiterates its commitment to leverage engineering, technology and innovation to boost India self-reliance in aluminium. The company also aims to fulfil raw material needs of critical sectors. The company targets to work in close collaboration with its technology partners,...
Vedanta Limited’s Lanjigarh has received CII Eastern Region Excellence Award for Safety, Health & Environment in ‘large scale manufacturing unit above 2500 employees’ category. The CII award marks the recognition from CII Eastern Region for the leadership, vision and efforts by organizations in...
Vedanta has declined its aluminium products price after twenty days of restraint. With effect from Friday, 11 September 2020, the prices of some aluminium ingots are in the range of INR 145,750-158,750 per tonne, marking a drop of INR 1,250 per tonne from INR 147,000-160,000 per tonne on Saturday...
Vedanta Aluminium has bagged five awards at the 21st National Award for Excellence in Energy Management, organised by the Confederation of Indian Industries (CII). The event was held from 25-28th August 2020 in a virtual conclave and ceremony. Vedanta Limited’s Lanjigarh unit has won the ‘Excellent...
First Partners, a full-service communications consultancy, has bagged the public relations mandate of Vedanta Limited- aluminium & power business. The company’s aluminium operations have operational smelters at Korba (Chhattisgarh) and Jharsuguda (Odisha) and an alumina refinery at Lanjigarh...
