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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According to a recent report, Vedanta has further increased its aluminium ingot and billet prices with effect from Thursday, June 11, marking the third consecutive growth. While the rate of price hike has increased from the earlier time to 2.77 per cent or INR 3,750 per tonne, the aluminium ingot...
Even amidst the sluggish aluminium demand and low prices caused by the COVID-19 pandemic, Vedanta Limited has been able to trim its aluminium Cost of Production (CoP) in the fourth quarter of FY20 by 20 per cent year-on-year to $1451 per tonne, according to a recent report. In the full financial...
Vedanta has raised its aluminium ingot and billets price by 2% on Saturday. This marks the second consecutive hike in price of same products. With effect from Saturday, 06 June 2020, the prices of some aluminium ingots are in the range of INR 135,500-148,500 per tonne, marking an increase of INR...
Vedanta Limited announced its audited consolidated results for the fourth quarter (Q4) and full year ended 31 March 2020 (FY2020). Revenue stood at ₹ 19,513 crore in FY2020, lower by 8% sequentially. This was due to lower commodity prices further impacted by COVID-19, lower volume at Aluminium...
Vedanta’s Alumina Refinery at Lanjigarh has boosted its precautionary measures against COVID-19 as per the guidelines of the Government and the health authorities. The plant continues to operate, securing fidelity to strict COVID-19 guidelines issued by the central and state authorities. After the...
According to Crisil analysis, the COVID-19 induced lockdown has had a little impact on Vedanta’s operations. An increase in exports during the lockdown, supported by the company’s low-cost position in key businesses, has offset the sluggish domestic demand, showed Crisil. However, disruptions in...
On 27 th May’20, the mining company, Vedanta Limited made public that credit rating agency, India Ratings and Research (Ind-Ra) has demoted the long term issuer rating of the company to IND AA- from the earlier rating of IND AA, revising its outlook from stable to negative. The demotion...
Vedanta has increased aluminium ingot and billets price on Thursday after cutting the price of same product by more than 1.5% on Wednesday, May 27. With effect from Thursday May 28, the prices of some aluminium ingots are in the range of INR 133,000-146,000 per tonne, marking an increase of INR...
After raising aluminium prices for the three times in a row, Vedanta has reduced both aluminium ingots and billets prices as of Wednesday, May 27. After the cut, Vedanta’s aluminium ingot prices are ranging between INR 131,750 per tonne and INR 144,750 per tonne, down by INR 2,250 per tonne or 1.68...
Vedanta has further increased its aluminium ingots and billets prices, with effect from Friday, May 22. This marks the third consecutive rise in Vedanta’s aluminium prices. The prices of some aluminium ingots after the growth are hovering in the range of INR 134,000-147,000 per tonne, up by INR...
Vedanta has increased its aluminium ingot and billets price for the second time in a row. With effect from Wednesday May 20, the prices of some aluminium ingots are in the range of INR 132,000-145,000 per tonne. This marks a growth of INR 1500 per tonne or 1.15% from INR 130,500-143,500 per tonne...
Vedanta has raised its aluminium ingot price by INRINR 1250 per tonne or 0.97% after cutting them two times in a row. The price is increased to INR 130,500-143,500 per tonne, with effect from May 19. The aluminium ingot price was in the range of INR 129,250-142,250 per tonne on May 17. With the...
Vedanta has cut its aluminium ingot price for the second time in a row. With effect from May 17, the prices of some ingots are in the range of INR 129,250-142,250 per tonne. This marks a decrease of INR 1250 per tonne or 0.96% from INR 130,500-143,500 per tonne on May 9. With the latest cut,...
Bharat Aluminium Company (BALCO), a global pioneer in the aluminium & power sector recently introduced an automated and highly sophisticated Centralised Security Operations Centre (CSOC) to further strengthen the security of its people and operations. This technological augmentation of the security...
According to a recent report, Vedanta’s Lanjigarh alumina refinery has further lent a helping hand in a bid to mitigate the effects of COVID-19. This time, the refinery has provided seeds to the needy peasants in the area to help them develop a vegetable cultivation plan, said a company official....
On 12 th May’20, Vedanta Resources stated that mining and metal tycoon Anil Agarwal plans to offer INR 16,200 crore in cash to take the Indian stock exchanges-listed Vedanta Ltd private. The London-based outfit Vedanta Resources which Anil Agarwal delisted in 2018, is offering INR 87.5 for a share...
Vedanta has decreased its aluminium ingot and billet price after hiking them for the third time in a row. With effect from May 9, the prices of some ingots are in the range of INR 130,500-143,500 per tonne. This marks an decrease of INR 1000 per tonne or 0.76% from INR 131,500-144,500 per tonne on...
Vedanta Ltd. said the company’s initiative to ensure safety and prevention measures to fight against COVID-19 have reached over 7 lakh people in Odisha. Vedanta’s Odisha operations have joined forces with the state, district and communities in the fight against pandemic. Two plants in Odisha are...
