Vedanta Aluminium brings 4 AI Control Towers into logistics, safety and plant maintenance
Vedanta Aluminium is using artificial intelligence (AI) and other digital tools across its operations as part of its efforts to improve day-to-day decision-making, logistics, safety and equipment monitoring. At BALCO in Korba, Vedanta Aluminium has introduced four AI-enabled Control Towers to keep...
Vedanta Aluminium shares rise as the group denies stake-sale speculation
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...
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Odisha CM assures Vedanta Chairman of regularising bauxite supply by 2016 end
<p>Anil Agarwal, Chairman of Vedanta Resources, the London-based metal and mining conglomerate, said he is hoping the issue of bauxite supply for its Lanjigarh alumina refinery will get resolved by the end of this year. Agarwal said this after meeting Odisha Chief Minister Naveen Patnaik in...
Vedanta is back in action with smelter ramp up and coal linkage
<p>Vedanta Limited is slowly getting back to full-fledged operations in all its facilities after a slowdown due to a number of issues like potline failure due to power shut down, raw material scarcity, low metal price, and cheap imports from China etc. According to a press update from Vedanta...
BALCO resumes full-fledged operations after two years of partial closure
<p>After about two years of partial closure and capacity cut, Bharat Aluminium Company Limited (BALCO) has resumed its operations stage by stage in all its facilities. Now all the operations are running in full swing and Balco aims to produce nearly six lakh tonnes of Aluminium per annum in...
Vedanta sticks to FY17 production guidance for aluminium despite power shutdown
<p>Despite a massive power failure that struck one of its plants this month, mining giant Vedanta has maintained the <a href="http://www.alcircle.com/primary_aluminium/newscircle/market/detail/24835/vedanta-to-produce-15-mt-aluminium-in-fy17" target="_blank">production guidance</a> for its...
Vedanta’s tryst with bauxite supply issues for Lanjigarh refinery seems to continue
<p>There seems to be no quick respite for Vedanta as far as sourcing of bauxite for its ailing Lanjigarh alumina refinery is concerned. The green activists who had long opposed Niyamgiri bauxite mining project, driving the mining major’s alumina refinery in Lanjigarh to a near closure, seem...
India Finance Ministry mulling MIP imposition on aluminium to stem surging cheap imports
<p>The Government of India is finally considering imposing a minimum import price (MIP) on aluminium to help address the issue of surging cheaper aluminium shipments from overseas markets, especially China and Middle East. The surge has been such that the even biggest names in the primary aluminium...
AAI meets Mines Ministry for minimum import price protection for aluminium
<p>Indian aluminium industry giants have once again come forward to nudge the government to take some decisive steps against cheap aluminium imports that have been flooding the Indian market for a while now. <br /><br />After the Centre gifted the domestic steel industry some relief from the...
Odisha's Kodingamali bauxite mine to feed Vedanta's Lanjigarh alumina refinery
<p>The Government of Odisha has finally woken up to the acute raw material crisis that forced metal and mining giant Vedanta to partially close down its alumina refinery in Lanjigarh in December last year. The State government said on Wednesday that it will provide bauxite for the ailing refinery...
Vedanta's Lanjigarh alumina refinery revives second stream operations
<p>London listed metals and minerals giant Vedanata Resources has resumed work at its alumina refinery at Lanjigarh in Odisha. The company had idled the second stream at the refinery on sourcing constraints of bauxite, the principal raw material for alumina production. But, now as aluminium output...
Vedanta chairman reiterates firm belief on his company’s efficiency and growth during AGM
<p>During the Annual General Meeting of Vedanta Resources in London on August 5, company chairman Mr. Anil Agarwal reaffirms his faith on the positive global market trend and the fast moving Indian economy. He assures that Vedanta is well ahead of its worst time and the turnaround in the...
Indian aluminium industry re-aligns its focus on downstream manufacturing
<p>Indian aluminium industry is finally aligning itself with the global trend of downstream integration. For the 4.129 million tpy-capacity primary aluminium industry which happens to be blessed with the proximity to one of the world’s richest bauxite reserves- the principle ore for aluminium...
Vedanta Production Release for Q1 2016 reports a number of positives for the aluminium business
<p>Vedanta Resources Plc. releases the production report for the First Quarter ended 30 June 2016. Highlights from the aluminium section point towards a number of positives despite the volatile market and raw material insecurity, the company has been struggling with.<br /><br /><strong>Operation...
OMC and Vedanta Resources team up to secure bauxite mining rights in Niyamgiri Hills
<p>Odisha Mining Corporation (OMC) and Vedanta Resources have teamed up to find a headway together in the Niyamgiri bauxite mining issue which has long been the centre of a multi-faceted problem involving the state, the mining conglomerate, and major political parties at the Centre. <br /><br />OMC...
Vedanta Ltd basks in robust Q1 profit margin
<p>Vedanta Limited (formerly known as Sesa Sterlite Ltd) today announced its unaudited consolidated results under Ind AS for the first quarter (Q1) ended 30 June 2016. The total Q1 revenues totalled at INR 14,364 crore, net profit amounted to INR 3,543 crore with strong margin of 32 per cent, and...
Balco Korba sheet rolling shop resumes operations
<p>Vedanta owned Bharat Aluminium Company Limited (Balco) has resumed sheet rolling operations at its Korba facility in Chhattisgarh, India. This marks the metal major's comeback in the rolling aluminium products business that was held up about a year ago.<br /><br />Last year, August, Balco's...
Vedanta limited and Cairn India announce revised terms for merger
<p>The Boards of Vedanta Limited, Cairn India Limited and Vedanta Resources announced the revised and final terms of the merger between Vedanta Limited and Cairn India as announced on 15 June 2015.</p> <p><img style="vertical-align: middle;"...
“There is a huge opportunity in India and the domestic metal demand is pegged to grow manifold,” Mr. Abhijit Pati, CEO (Aluminium), Vedanta Ltd.
<p><strong>Mr. Abhijit Pati</strong> started his career as a budding engineer with <strong>Indian Aluminium Company</strong> (subsidiary of <strong>ALCAN</strong> in <strong>Indian Aluminium Company</strong>) in the year 1989. After working with Hindalco for years with numerous laurels, he joined...
Vedanta to refocus aluminium operations in Odisha
After investing US$7.5 billion in establishing an alumina refinery and an aluminium smelter and associated power facilities in the region, Vedanta Resources plc announced late last week that it is shifting its focus in the state of Odisha. “For us, the Niyamgiri chapter is closed. We are not...
