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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On 22nd November, Vedanta Ltd., Jharsuguda bagged Gold Award at the Odisha State Safety Conclave (OSSC) 2019 held at Bhubaneshwar for performance year 2018 in recognition of the excellent safety practices of its 2400MW TPP. Mr. GG Pal, Director – Metal, and Mr. Krutisundar Mohapatra, Head Safety –...
The metals and mining conglomerate Vedanta Limited’s Lanjigarh alumina refinery was reportedly granted with Kalinga Safety Excellence Award at Bhubaneswar. Under the 10th edition of Odisha State Safety Conclave 2019, organised by the Institute of Quality & Environment Management Services (IQEMS),...
According to a recent report, The Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) together with Aluminium Association of India (AAI), Material Recycling Association of India (MRAI) and Aluminium Secondary Manufacturers Association is organising a three-day event...
Vedanta Limited in the late last week reported that its revenue in the second quarter of FY20 dropped by 3 per cent year-on-year to INR 21,739 crore. Net sales and EBITDA also dropped by 3 per cent and 15 per cent year-on-year from INR 22,432 crore to INR 21,739 crore and from INR 5,281 crore to...
As the aluminium prices on the London Metal Exchange (LME) entered the bearish zone, Vedanta Limited reduced the cost of its production (CoP) during the September quarter of FY20 to $1,852 per tonne. The LME prices (as on November 14) hovered at $1,756 per tonne for the cash buyer. At this price...
Vedanta Ltd has hiked the prices of aluminium ingots by nearly 2% with effect from Saturday, trade sources told Cogencis. The company has hiked the prices of its products the second time in a week, and they are now at their highest level in six weeks. Vedanta has currently priced its ingots in the...
Improved availability of coal from linked mines and robust output of around 1 million tonnes per annum from Vedanta’s captive Chotia block has helped the company achieve cost competitiveness in the manufacture of alumina. According to a report, Vedanta’s alumina cost at Odisha’s Lanjigarh refinery...
Vedanta Ltd has raised the prices of aluminium ingots after cutting them five times in a row, trade sources told Cogencis. The natural resources major raised the prices of these products by nearly 2% with effect from Thursday, for the first time since early September. The hike in prices is in line...
Vedanta Limited’s Lanjigarh unit has won the ‘Excellent Energy Efficient Unit’ award during the 20th National Award for Excellence in Energy Management 2019, organised by the Confederation of Indian Industry (CII). “The unit achieved its best process efficiency in FY19 and registered lowest energy...
According to a recent report, Vedanta is considering to set up an aluminium flat rolled products plant with an estimated capital expenditure of INR 2,500 crore. This is part of a plan to expand its portfolio of value-added products, said a senior official. The capex will be part of Vedanta’s INR...
At the 59th Society of Indian Automobile Manufacturers (SIAM) Annual Convention 2019, Vedanta Aluminium formally launched Primary Foundry Alloy (PFA) for the Indian automotive industry. With this, Vedanta became the first primary aluminium producer in India to supply the raw material for alloy...
While the advent of Industry 4.0 is creating a buzz across the metal industry and the implementation of digitalization and automation is making the industrialists intrigued about its long-run effect, we have Mr. Avijit Deb with us sharing his views and knowledge on how the Industry 4.0 is...
According to a recent report, a 7 per cent growth in aluminium demand in India during April-June quarter of the financial year 2019-20 failed to boost production as consumption remained moderate in industries facing liquidity crunch. Sales of aluminium companies also fell by 10.8 per cent in that...
Two major aluminium producers of India, Hindalco and Vedanta have raised their ingot prices in the domestic market to match with the increase in international prices. The price of Hindalco’s P1020 EC Grade Ingot & Sow with 99.7% purity was raised to INR 14,4000 (US$2009) per tonne on August 17,...
According to a recent report, Vedanta Limited aims to export more than half of its aluminium production to international markets, as the imports of the metal to India is continually increasing. According to the company’s annual report for FY2019, only 30 per cent of the company’s sales were in the...
Vedanta Limited announced its unaudited consolidated results for the First quarter (Q1) ended 30 June 2019 on Friday, July 26. Revenue for Q1 FY 2020 stood at INR 21,167 crore, lower 4% y-o-y, primarily due to lower commodity prices partially offset by higher aluminium sales, volume addition from...
Vedanta Group has announced a reshuffle at the CEO level of its three major companies Balco, Vedanta Aluminium Orissa and Talwandi Sabo Power Limited (TSPL), according to a report in Dainik Bhaskar. Vedanta Group CEO Srinivasan Venkatakrishnan and CEO (Aluminium and Power) Ajay Kapoor have made the...
Vedanta Ltd is aiming to achieve 80% fly ash utilisation of by 2020. In a recently released report, the company informed that it will introduce third-party review of tailings/ash dyke management system and development of site specific improvement plan in its India operations. Fly ash is by-product...
