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...
Grow with
AL Circle
Vedanta has increased the aluminium ingot price by nearly 1% for the third time in a row. With effect from April 25, the prices of some ingots are in the range of INR 131,500-144,500 per tonne. This marks an increase of INR1500 per tonne from INR 130,000-143,000 per tonne on April 21. With the...
Vedanta has hiked the aluminium ingot price by nearly 1%. With effect from April 21, the prices of some ingots are in the range of INR 130,000-143,000 per tonne, from INR 128,500-141,500 per tonne. With the latest hike, the price of billet currently stands at INR 138,000 per tonne. The Indian...
Vedanta’s Lanjigarh alumina refinery has extended its support to the Government and District Administration for the fight against COVID19 by providing Personal Protection Equipment (PPEs) to the medical staff of the COVID hospital in Bhawanipatna. The unit has also given 60,000 surgical gloves,...
Vedanta for the sixth consecutive time has cut its aluminium ingots prices by nearly 1 per cent, with effect from Wednesday, April 1. The company had cut the prices of these products by 2 to 3 per cent. After the cut with effect from April 1, Vedanta is now selling ingots at INR 127,250 per tonne...
Vedanta Limited has appointed Sunil Duggal as Interim Chief Executive Officer of the company. Srinivasan Venkatakrishnan will step down as CEO and Director of the Company with effect from 5th April 2020, for personal reasons. Sunil Duggal will take additional charge as Interim CEO of Vedanta...
Vedanta’s aluminium ingot and billet price fell for a fifth straight day on Friday, March 27. With effect from March 27, the prices of some ingots were in the range of INR 128,500-141,500 per tonne, down from INR 131,750-144,750 per tonne on March 24. The price of billet stood at INR 136,500 per...
Vedanta’s Alumina Refinery at Lanjigarh has remained operational while adapting all precautionary measures against COVID-19 as advised by the Government and the health authorities. Considering the danger of the situation in the wake the spread of Corona, the alumina refinery is active with reduced...
Vedanta has cut the prices of its aluminium ingots and billets for the fourth time in a row. With effect from March 24, the prices of some ingots are in the range of INR 131,750-144,750 per tonne, down from INR 134,250-147,250 per tonne on March 19. The company is now selling its billet at INR...
Coal production from Jamkhani coal block is expected to take Vedanta an inch closer to its goal to reduce aluminium production cost to US$ 1,500 per tonne. Vedanta Limited had acquired the Jamkhani coal block with 220 million tonnes deposits at competitive auctions in Odisha. An increase in...
While the entire nation is preparing for battling the lethal COVID-19, the news comes that even Vedanta’s Lanjigarh alumina refinery is conducting awareness and sensitization programmes in the community on account of the virus outbreak. The team has already reached out to more than 14 villages for...
On 12 th March’20, Vedanta Ltd made public that Lanjigarh Alumina refinery is expecting to upswing its production to 1.8 million tonnes in 2019-20. This is followed after significant development in operating efficiencies. The Lanjigarh refinery in Odisha stood with 1.5 million tonnes of production...
The higher procurement of locally supplied bauxite has succumbed Vedanta to crop the cost of making alumina at its Lanjigarh refinery by 8% Y-o-Y to $269 per tonne in Q3 of this fiscal year. The production capacity of alumina at the Lanjigarh plant has risen by 16% Y-o-Y to 476,000 tonnes. The...
Vedanta Ltd’s Jharsuguda bagged the prestigious CII- EHS Award 2019 at the 15th State Level Competition on Best Practices in Environment, Health and Safety (HSE). Mr. Chhavi Nath Singh, CEO of Vedanta Ltd., Jharsuguda said, “As the largest producer of primary aluminium in the country, we are nation...
According to a recent report, GE has signed a contract with Vedanta to install its digital smelter solution at the latter’s aluminium plant at Jharsuguda in Odisha to enhance productivity. The news came after the two companies jointly announced on Monday, February 17, that “GE and Vedanta Ltd.’s...
Vedanta Limited, in its unaudited consolidated results for the third quarter of FY2019-20, ended on December 31, announced that it achieved year-on-year stronger financial performance despite market headwinds. The company's EBITDA rose 10 per cent over the year to INR 6,531 crore, and attributable...
Vedanta Limited has reportedly reduced the prices of its aluminium products by nearly 1 per cent for the fifth time within two weeks. The cut is with effect from Wednesday, February 5, which brings the company’s aluminium products price to INR 135,250 per tonne to INR 148,250 per tonne, the lowest...
Bharat Aluminium Company Limited (BALCO) was established in 1965 as a Public Sector undertaking in Korba, Chhattisgarh. After its disinvestment in 2001, the Vedanta Group has taken over its management. The plant is hailed as one of India’s greatest disinvestment turnaround success stories, with a...
World Cancer Day was incepted on 4 th February 2000 at World Summit against Cancer for the New Millennium in Paris, today it marks its 20 th anniversary. The individuals and organisations over the last two decades, across the world, have contributed to the global collaboration to promote research,...
