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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Supreme Court of India quashes Odisha's plea on Niyamgiri bauxite mining
The Supreme Court on Friday scrapped a petition filed by state owned mining company Odisha Mining Corporation (OMC) to consider afresh the possibility of holding gram sabhas to decide bauxite mining on top of Niyamgiri hills. A bench of the apex court headed by Justice Ranjan Gogoi, refused to...
India defers provisional safeguard duty on unwrought aluminium imports
Under criticism over its protectionist measures for the domestic steel industry, India has deferred the 5 per cent provisional safeguard duty on imports of unwrought aluminium. Unwrought aluminium is extracted from primary metal or scrap and is imported by India from various countries such as the...
Chhattisgarh to auction two bauxite mines in the second phase
The success of the first phase of mines auction held in February this year has encouraged Chhattisgarh government to go ahead with a second phase of auctioning. This time, the state government is planning to put 10 more mines carrying limestone and bauxite deposits for auction. Of the 10 mines,...
Balco plans to enhance capacity to 1 MTPA
Vedanta-controlled Bharat Aluminium Company Limited (Balco) would be expanding its production capacity to 1 million tonne per annum (MTPA). The proposal for the expansion and modernisation of Balco facility located in Chhattisgarh’s Korba district was designed in 2013. It was however put on hold...
Govt of India may recommend provisional safeguard duty on aluminium
Just as provisional safeguard duty was imposed on the import of steel last year, the Government of India is likely to recommend the same for aluminium import as well, reports . Indian aluminium giants like Hindalco, NALCO, BALCO and Vedanta have complained about the incessant dumping from China and...
India govt initiates safeguard investigation against aluminium imports
The Directorate General of Safeguards (DGS) has initiated the investigation in alleged increased imports of unwrought aluminium for causing injury to the domestic aluminium industry. The period of investigation is 2011-12 onwards till 2015-16. This investigation came on the application filed by...
Balco to resume aluminium rolled products business
Vedanta-controlled Bharat Aluminium Company Limited (Balco) would resume production in its sheet rolling shop (SRS) In a move that would facilitate the company's return to the aluminium rolled product business. Production in the shop was suspended in September last year following crises in the...
Vedanta seeks extension of aluminium SEZ
Aiming to ramp up capacity of the idle aluminium smelter lying within its product specific Special Economic Zone (SEZ), Vedanta has sought extension of the formal approval for the SEZ beyond May 22 this year. The Board of Approvals (BoA) under Union commerce and industry ministry will consider...
Vedanta kicks off ramp up of second aluminium smelter at Jharsuguda
Diversified metals and mining major Vedanta Resources has initiated the ramp up of its second aluminium smelter at Jharsuguda. Vedanta aims to commission two potlines of the smelter to reach a capacity of 0.6 million tonne per annum (mtpa) by the end of this financial year. The second smelter with...
Vedanta Ltd announces Q4 and Full-Year 2016 production results
Vedanta Limited announced yesterday production results for the fourth quarter and full year ended 31 March 2016. In Q4 FY2016, aluminium production was 226 kt at Jharsuguda and Korba. Q4 FY2016 aluminium production highlights: On 27th January, the company received approval from the regulatory...
Vedanta's FY16 alumina production drops marginally
Vedanta Limited announced yesterday production results of fourth quarter and full year ended 31 March 2016. In Q4 FY2016, Lanjigarh alumina refinery operated at a single stream and produced 211,400 tonnes. Vedanta Ltd has received approvals for expansion of the Lanjigarh refinery to 4 mtpa, which...
Odisha grounds INR2.53 lakh cr investment; Hindalco commences production at Sambalpur smelter
As many as 46 industries who signed MoUs with the Odisha government have invested INR 2.53 lakh crore so far in the state, the assembly was told on Thursday. "Ninety-two have inked MoUs with the state government to set up their industries with an investment of INR 5.68 lakh crore. Of the 92...
India’s aluminium demand to rise to 20 mt, says Vedanta Chief
The total consumption of aluminium in India is going to experience a major leap in the foreseeable future reaching 20 million tonnes (mt) from the present 2mt, claims Vedanta Resources Chairman Anil Agarwal. According to Mr. Agarwal, “It (India’s aluminium consumption) is going to be 20 mt. Large...
Vedanta's Aluminium & Power business in Jharsuguda observes 45th National Safety Week
Vedanta Limited, India’s only diversified natural resources company continues its effort to promote and inculcate safety consciousness among the plant personnel. The company observed the 45th National Safety week from 4th - 14th Mar’ 2016 at its Jharsuguda operations. The theme of this year was...
Stuck deals to get ‘million-dollar’ push with tweaked mining law
India will see billions of dollars moving into deals stuck in the power, cement and steel sectors, as the Cabinet on Thursday approved the amendments to the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act, 1957). This will pave the way for transfer of captive mining leases not...
Hike in aluminium import duty not benefitting Indian cos: Agarwal
India government's move to protect domestic aluminium producers by raising import duty on the metal has been neutralised by doubling of cess on coal, mining baron Anil Agarwal said today. Budget 2016-17 raised customs duty on primary aluminum to 7.5 per cent from 5 per cent, while the levy on other...
Odisha govt challenges Supreme Court’s judgement in Vedanta bauxite mine case
Government of Odisha has filed an interlocutory application before the apex court challenging the landmark Supreme Court judgement in the Vedanta bauxite mine case. The Court in its judgement had upheld the statutory powers of the tribal village councils under the Forest Rights Act and the...
Budget 2016 impact: India aluminium stocks gain on 2.5% import duty hike
Shares of Vedanta Ltd. and National Aluminium Company gained on Monday after Finance Minister Arun Jaitley increased imports duty on aluminium to 7.5 per cent from 5 per cent effective April 1, in a bid to save the industry from imports that have captured more than half the domestic market....
