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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We believe, while ‘one arm’ is in India, we should've ‘another arm’ in Africa: Anil Agarwal, Vedanta
Billionaire Anil Agarwal, the London-based founder chairman of Vedanta Resources, said his group will invest one billion dollars in Africa, betting on the continent and India as the two growth engines for the metals and mining group. "We believe, while 'one arm' is in India, we should have 'another...
Indian mines ministry may push for duty hike on primary aluminium products
The Ministry of Mines, India, is expected to consider pushing for a hike in the customs duty on primary aluminium products to provide relief to an industry suffering from low prices and underutilised manufacturing capacity. "We have asked the industry to make a representation to push their case...
Vedanta Limited leads India Disclosure Index 2016
Vedanta Limited, a globally diversified natural resources company, has been ranked as India's leading publicly listed company in the India Disclosure Index 2016 report by FTI Consulting. Vedanta achieved full scores on all parameters that were studied across the Mandatory Disclosure, Voluntary...
Aluworks nears closing in on US$25m turnaround deal with Vedanta Resources
Aluworks announced that they are close to sealing a US$25million strategic investment deal with Vendata Resources, one of the world’s largest natural resources companies with an interest in aluminium and other resources. “We are talking in a matter of weeks,” Ralph Rossouw, a Director of Vendata...
Vedanta’s import substitute alloy billets give a fillip to “Make In India”
Vedanta is a major producer of high grade aluminium and various other products such as billets and ingots, which are supplied to secondary fabrication units. Although Vedanta has been a significant billet manufacturer for a long time, the requirement spelt out by an auto component downstream...
Vedanta seeks quick supply of bauxite in Odisha
With plans to raise alumina production at its Lanjigarh refinery in Odisha's Kalahandi district by 50 per cent, bauxite starved Vedanta today sought quick steps for raw material supply from within the state. "We plan to enhance production in Lanjigarh refinery from 1 million tonne per annum to 1.5...
Vedanta eyes 1.7 mt aluminium output this fiscal
Vedanta Limited is chalking out plans to produce 1.7 million tonne of aluminium this fiscal through a capacity ramp-up at Balco and Odisha's Jharsuguda plants. "Ever since April 1 this year, we have been ramping up our aluminium lines at Balco and Odisha. We would expect that all the Balco lines...
Exploration of bauxite should be further encouraged, says Tom Albanese
Vedanta Ltd Group chief executive officer Tom Albanese, in a recent interview, said that the Government of India should take more initiatives in the mining sector and further encourage exploration of bauxite. While commenting on the winning of the first-ever auction of a gold mine in India in...
Vedanta Resources Plc hosts second Annual Sustainable Development Day
Vedanta Resources Plc ("Vedanta", together with its subsidiaries) hosted a Sustainable Development Day in London on 24 June 2016. This was the second time that the annual event has been held. Analysts, investors and members of key industry bodies attended the event to share an update on the...
Vedanta eyes bauxite auctions for feeding Lanjigarh refinery
London-listed Vedanta Resources is looking up to auctions of bauxite blocks to clinch long-term raw material security for its alumina refinery at Lanjigarh (Odisha). Vedanta was feeding the refinery by sourcing bauxite from other states as well as importing from countries like Guinea. The refinery...
Vedanta may bid for coal mines to ensure fuel security for its aluminium plants
Vedanta is planning to acquire coal mines via auctions as the mining conglomerate seeks to ensure fuel security for its energy guzzling aluminium plants. “Numerous initiatives are being taken to meet our coal requirements. We will source our overall coal mix from low-cost imports and auctioned coal...
Tribals oppose campaign against development projects in Odisha
Strongly pleading for speedy development in backward Kalahandi and nearby areas of Odisha, locals including tribal people today opposed any campaign against projects like Vedanta even as activists including Medha Patkar held a meeting in Lanjigarh. Participants in the rally, organised by Niyamgiri...
Indian aluminium firms renew call for tariffs after action on imported steel
India’s aluminium manufacturers continue to lobby their government for protection against low-price imports this week. Representatives from domestic aluminium firms are asking government officials to establish a minimum import price to help stave off what the firms consider dumping from several...
After steel, aluminium may get safeguard duty
After the government helped the steel industry by imposing a minimum import price to keep imports at bay, aluminium manufacturers are lobbying with the commerce ministry for similar benefits. “The government is re-examining the provisions of imposing either a safeguard or an antidumping duty on...
India to auction 7 mines by August including 1 bauxite mine in Koraput, Odisha
Odisha government is in the process of putting at least seven mines for auction by August, state Steel and Mines Minister Prafulla Mallick said today. The seven mines include iron ore, manganese and a bauxite mine in Koraput district. "We are in the process of auctioning seven more mines by...
Vedanta to produce 1.5 mt aluminium in FY17
London-listed Vedanta Resources has firmed up plans to hike production of both aluminium and alumina in the country during the current fiscal. While the overall aluminium output from its smelters at Jharsuguda and Balco's smelting unit at Korba is expected to move up 60 per cent, production at...
Indian aluminium firms await respite
Indian steel companies have seen their fortunes swing back after implementation of the minimum import price but aluminium majors await similar triggers. The recommendation of the Directorate General of Safeguards for a provisional safeguard duty of five per cent ad valorem for 200 days had lifted...
Vedanta pegs aluminium production cost below $1400 in FY17
Diversified metals and mining major Vedanta Resources has pegged its aluminium production cost below the level of $1400 a tonne in this financial year, aiming to close in on the gap with global producers like Rusal, Rio Tinto Alcan and Norsk Hydro. For Vedanta, keeping to its projected cost seems a...
