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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The rates of National Aluminium Co Ltd's aluminium ingots are at their highest level in two months after the company hiked the prices of these products on Friday. The government-owned aluminium maker has raised the prices of these products by 1% in the domestic market. This was following the recent...
Vedanta Ltd has raised prices of aluminium ingots today registering a rise for two consecutive days in a row. Vedanta has increased the price of P1020/ EC Grade Ingot with 99.7% purity to INR 143000 per tonne effective from today, July 11 from INR 141250 per tonne on July 9. Last increase took...
Vedanta Limited, at its 54th annual general meeting in Mumbai on July 11, announced that it would invest INR 55,000 crore across its business to increase production by about 50 per cent. The company also said that it would fund this investment from its internal cash flows. Addressing shareholders...
To commemorate the World’s Environment Day, Vedanta Aluminium, Lanjigarh unit, is celebrating the World Environment Week from June 5 to June 12. Keeping the theme of the year in mind – ‘Tackling Air Pollution’, the company is organising mass plantation drives, sapling distribution and other...
In partnership with the Odisha government, Vedanta is reportedly planning to set up a hot metal park at Jharsuguda, which would host auto ancillary units with Vedanta’s aluminium unit being the anchor. According to Business Standard report, the company, while specifically looking at alloy wheels,...
Metals & mining firm Vedanta Limited announced its audited consolidated results for the fourth quarter (Q4) and full year ended 31 March 2019 (FY2019). For Q4 FY2019, the company reported a attributable Profit after Tax (PAT) before exceptional items and DDT of INR2,615 crore, up 66%...
According to the latest media report, Supreme Court admits NALCO’s petition for hearing on alumina sales tender to domestic customers. It was earlier reported that Nalco urged the Supreme Court to challenge Odisha High Court for allowing Vedanta’s Jharsugda unit's participation in the tender...
A navratna CPSE National Aluminium Company Limited (Nalco) has reportedly urged the Supreme Court to challenge Odisha High Court for allowing Vedanta’s Jharsugda unit's participation in the tender floated by Nalco for the sale of surplus alumina. Nalco pointed out that according to policy the...
On asking about the current status of Vedanta’s Lanjigarh alumina refinery’s production capacity, CEO Rahul Sharma said, “Vedanta expects to raise Lanjigarh alumina refinery's capacity to 2 million tonnes this year.” He also said, “Growth is likely to double in next 5 years," while continued saying...
Vedanta Limited has become the highest aluminium producer in India in FY2019, the data showed after the publication of its production results for the year ended 31st March 2019. Vedanta’s aluminium production stood at 1,959,000 tonnes in FY2019, an increase of 17% year-on-year from 1,675, 000...
Vedanta’s Lanjigarh refinery produced 1,501,000 tonnes of alumina in FY2019, up 24% year-on-year from 1,209,000 tonnes in FY2018 due to plant debottlenecking. Alumina production from Lanjigarh increased from 638,000 tonnes to 827,000 tonnes in H2 FY2019, 30% higher year-on-year. The production was...
Vedanta Resources Limited published production results for the year ended 31st March 2019. The company registered record annual production for the alumina and aluminium segments. Vedanta reported record aluminium production of 1,959,000 tonnes in FY2019, an increase of 17% year-on-year, as the...
Mr. Abhijit Pati started his career as a budding engineer with Indian Aluminium Company in the year 1989. In 2008, he joined Vedanta and subsequently became Chief Executive Officer of Aluminium Division, Vedanta Aluminium – Jharsuguda, one of the largest Greenfield Aluminium cum Power complexes in...
The Odisha High Court has reportedly granted permission to the mining giant Vedanta to participate in the tender floated by state-run navaratna company NALCO for sale of surplus alumina. This judgement from the Odisha High Court is expected to provide a major relief to Vedanta. The aluminium major...
According to a recent report, the tension between locals and authorities of Vedanta alumina refinery at Lanjigarh in Kalahandi district has subsided today on March 19, after a mutual discussion between the two parties. The tension had taken place on Monday, March 18, after Rengalpali villagers...
On Tuesday, March 5, the mining giant Vedanta announced the appointment of Ajay Kapur as the chief executive officer of its aluminium and power business. Kapur brings with him an experience of over 30 years across various business verticals. He worked at Ambuja Cements as the managing director and...
Vedanta Limited announced its unaudited consolidated results for the Third quarter ended 31 December 2018. The company reported record quarterly alumina production of 404,000 tonnes in Q3 FY 2019, up 16% q-o-q. Mr. Srinivasan Venkatakrishnan, Chief Executive Officer, Vedanta, said "We are pleased...
According to a report by Business Standard, Vedanta intends to cut down its aluminium production cost to US$1,700 per tonne from the current cost of US$ 1,900 per tonne. Per the report, the company aims to do this by the end of the financial year. Ajay Dixit, chief executive officer (CEO) of...
