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 has increased the prices of aluminium ingots, billets and wire rods by more than 1% with effect from Wednesday, January 22. This is the second time in a row that the company has raised the prices of its products. The price for Vedanta aluminium ingots now stands at INR 144,750-157,750 per...
Both Vedanta and Nalco have increased their aluminium ingots prices with effect from Friday, January 17. While the former has hiked the price by 2 per cent, the latter has increased it by 1 per cent. So, with the latest price hike, the aluminium ingot price of Vedanta has come in at INR...
Hindalco, with effect from Saturday, January 11, has reduced the prices of its aluminium ingots, billets, and wire rods by more than 1%, marking the second consecutive price cut in a week. While the aluminium ingot price has been reduced by 1.2 per cent from INR 145,500 per tonne on January 9 to...
The Odisha High court decision that allowed Vedanta to take part in the tenders for the sale of its surplus alumina was challenged by Nalco. During the time, the lower court had welcomed Vedanta’s argument that it was competent to take part in the tenders as it operated from an export-oriented...
According to a recent report, Vedanta Limited, Jharsugda’s Special Economic Zone unit (Plant 2) has received the coveted certification of ISO 50001:2011 (Energy Management System), with effect from December 19, for energy-efficient production and supply of primary aluminium, aluminium ingots, and...
Rahul Sharma, CEO of Vedanta’s Alumina Business, has received an award for ‘Business Icon of the Year’ from one of the leading newspapers in Odisha called Samaya. The award is in recognition of Mr Sharma’s enormous contribution towards India’s metals and mining industry and for his crucial role in...
Vedanta has increased the prices of aluminium ingots by about 2% with effect from Tuesday, January 7. The price for Vedanta aluminium now stands at INR 145,000-158,000 per tonne. The company generally links prices of its products to the three-month futures of aluminium on London Metal Exchange. The...
The giant in metals and mining, Vedanta Ltd has planned a capital expenditure of $250-300 million in the next fiscal on the ramp-up of its Lanjigarh alumina refinery in Odisha. Vedanta, in an astonishing manner, has proposed to expand the capacity of the refinery to 6 mtpa. The refinery's present...
After raising prices two times in a row, Hindalco Industries Limited reduced the prices of aluminium ingots, billets, and wire rods by 1 per cent, with effect from Saturday, January 4. From INR 145,250 per tonne, as of December 25, Hindalco decreased the aluminium ingot price by 1.03 per cent to...
In a recent interview with Orissa POST, Chhavi Nath Singh, CEO of Vedanta Limited, Jharsugda, called attention to Odisha’s mining potentials while speaking about the company’s role and vision for the state in 2020. He said the industries must strive for self-reliance in sectors where the states...
According to a report on December 31, Anil Agarwal-led Vedanta Limited declared that it would bid in the impending rounds of auctions for bauxite and iron ores, while looking forward to the government’s action towards restructuring the import duties of primary aluminium, scrap and downstream...
The government’s manifesto to waive a clean energy cess levied on coal is anticipated to bring down production costs for aluminium and steel producers who use it as a fuel mix. The proposal, which focuses to enhance the financial health of power utilities and distribution companies, was put ahead...
Vedanta Resources Ltd published their interim results FY 2020. There is a 5% decrease in revenue which accounted to $ 6.1 billion (H1 FY2019: $ 6.5 billion), mainly operated by lower commodity prices, partially offset by auxiliary volumes from the onset of Gamsberg operations and higher sales at...
According to a recent report, Vedanta’s Lanjigarh alumina refinery has won a prestigious Gold award under the Metals Sector at Frost & Sullivan’s India Manufacturing Excellence Awards 2019. Mr. Rakesh Mohan, Chief Operating Officer (COO) of Vedanta’s Lanjigarh unit, received the award on behalf of...
Two major Indian aluminium producers Vedanta and Hindalco have raised their ingot prices in the domestic market. Vedanta has increased the prices of aluminium ingots by more than 1% with effect from December 25. The price for Vedanta aluminium now stands at INR 143,750-156,750 per tonne. This is...
The Lanjigarh alumina refinery of Vedanta Limited received the Greentech Safety Awards 2019 at the 18th Annual Greentech Occupational Health, Safety and Disaster Management Conference for exceptional performance in the field of safety at the workplace. Mr. Misbah Uddin Khan, Head – Health –...
National Aluminium Company (Nalco), on Tuesday, December 3, once again appealed the Supreme Court to challenge the Odisha High Court’s March order that allowed Vedanta’s Jharsugda unit to participate in the tender for the sale of surplus 30,000 tonnes of metallurgical grade calcined alumina. In...
After two consecutive cuts, Vedanta Limited reportedly increased the prices of aluminium ingots by more than 1 per cent, with effect from Thursday, November 28. Thus, the ingots price now range between INR 142,500 per tonne and 155,500 per tonne. Companies generally link prices of their products to...
