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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Navin Agarwal, Executive Vice Chairman, addressed employees at Vedanta’s alumina refinery in Lanjigarh on Saturday through a virtual townhall meeting. Vedanta Limited reaffirmed its commitment to an Atma Nirbhar Bharat. The entire leadership team of the refinery, employees and business partners...
Domestic primary aluminium producers in India, like Hindalco Industries and Anil Agarwal-led Vedanta Limited, are on their toes to bring down the country’s aluminium imports. They are working with the government at three levels – primary aluminium, secondary, and downstream products. Besides...
Vedanta has declined its aluminium products price after hiking the price of the same products on August 20. With effect from Saturday 22 August 2020, the prices of some aluminium ingots are in the range of INR 147,000-160,000 per tonne, marking a drop of INR 1,750 per tonne from INR 148,750-161,750...
On Wednesday, August 19, the Supreme Court ordered National Aluminium Company (NALCO) to ensure delivery of 30,000 tonnes of metallurgical-grade calcined alumina to Vedanta at Visakhapatnam on Free on Board (FOB) basis. The same will be for use in Vedanta’s SEZ unit at Jharsuguda in Orissa,...
Vedanta has raised it its aluminium products price after reducing it for the second time in a row. With effect from Thursday, 20 August 2020, the prices of some aluminium ingots are in the range of INR 148,750-161,750 per tonne, marking a growth of INR 1,250 per tonne or 7.14% from INR...
Vedanta Limited has announced the appointment of Sunil Duggal as its new Chief Executive Officer. Sunil Duggal is the former CEO of Hindustan Zinc Ltd. Anil Agarwal, Chairman, Vedanta Ltd Said: “We are delighted to welcome Sunil Duggal as our CEO. Sunil is a proven leader with a wealth of strategic...
Vedanta continued to decline its aluminium products price for the second time in a row. With effect from Saturday, 15 August 2020, the prices of some aluminium ingots are in the range of INR 147,500-160,500 per tonne, marking a decline of INR 250 per tonne or 0.17% from INR 147,750-160,750 per...
Vedanta has reduced its aluminium products price after raising the price of same products on 8th August. With effect from Tuesday, 11 August 2020, the prices of some aluminium ingots are in the range of INR 147,750-160,750 per tonne, marking a decline of INR 1,250 per tonne or 0.84% from INR...
Indian Railways initiative for Sambalpur Railway Division to get a Routine Overhaul (ROH) depot near Sarla railway station needs to be accomplished by November 2021. Pradeep Kumar, Divisional Railway Manager (DRM), Sambalpur, East Coast Railway said: “Work on the ROH project began in March this...
Vedanta has raised its aluminium products price after cutting it on 7th August. With effect from Saturday, 08 August 2020, the prices of some aluminium ingots are in the range of INR 149,000-162,000 per tonne, an increase of INR 2,000 per tonne from INR 147,000-160,000 per tonne on August 7. With...
The Supreme Court of India on 7 th August’20 issued contempt notice to the top executives of National Aluminium Company (Nalco), including its executive director (Marketing) R N Mohapatra and CMD Tapan Kumar Chand, on a petition by Vedanta alleging “willful disobedience” of its January judgment...
Vedanta has raised its aluminium products price for the fourth time in a row. With effect from Thursday, 06 August 2020, the prices of some aluminium ingots are in the range of INR 148,500-161,500 per tonne, an increase of INR 2,000 per tonne from INR 146,500-159,500 per tonne on August 5. With the...
Vedanta hikes its aluminium products price for the third time in a row. With effect from Wednesday, 05 August 2020, the prices of some aluminium ingots are in the range of INR 146,500-159,500 per tonne, an increase of 1.74% or INR 2,500 per tonne from INR 144,000-157,000 per tonne on July 30. With...
Vedanta Limited has continued to hike its aluminium ingot and aluminium product prices, following the growth on July 24. The latest hike in price came into effect on July 30, marking the second consecutive increase in Vedanta’s aluminium prices. Vedanta is now selling its aluminium ingot at INR...
Vedanta Limited has increased its aluminium ingot and aluminium product prices with effect from Friday, July 24, following a cut last week on July 17. With the latest hike, the company’s aluminium ingot price is now ranging between INR 141,750 per tonne and INR 154,750 per tonne, up INR 1,750 per...
Vedanta’s Jharsuguda plant has launched an innovative Monsoon Preparedness Center (MPC) in its aluminium smelters and power plants. The plant is equipped with required gear and apparatus to bolster emergency planning and rescue preparedness. CN Singh, CEO – Vedanta Ltd., Jharsuguda said, “Our...
According to the global export-import data, India’s alumina imports in CY2020 are estimated to stand at 2.27 million tonnes, down by 4.22 per cent from 2.37 million tonnes (approx.) in 2019. In 2018, India had imported 2.69 million tonnes, meaning the country’s alumina imports in 2019 stood down by...
According to the latest update, Vedanta Limited has cut its aluminium ingot and product prices with effect from today, July 17, following three consecutive hikes during July 8-10. The company’s aluminium ingot price is now ranging between INR 140,000-153,000 per tonne, down by INR 2,250 per tonne...
