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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Vedanta releases production updates for Q2 and H1 ended 30 Sept 2015
Vedanta Resources Plc., the diversified metals and minerals conglomerate, announced its production results for the second quarter and half year ended 30 September 2015 on Friday, October 10. The company reported stable volumes from the existing smelters; updated on cost reduction initiatives that...
List of bauxite mines on auction pruned by Indian government
The list of aluminium ore mines to be auctioned has been pruned. The revised list contains much lesser number of bauxite mines than what was decided earlier. It is quite a setback for the Indian aluminium industry. Against the plan to auction about 90 major mineral mines in 2015-16, the mines...
AAI pitches for a safeguard duty in meeting with India's Revenue Secretary
Facing the twin onslaught of galloping imports and meltdown in global prices, the domestic aluminium industry on Wednesday made a strong pitch for a safeguard duty breather in its meeting with revenue secretary even as its demand for doubling import duty to 10% remains unanswered. Sources said...
Indian aluminium industry officials to meet Revenue Secretary on safeguard duty
Indian aluminium industry officials are set to meet Revenue Secretary Hasmukh Adhia this week and pitch for a safeguard duty on the lines of one on steel products in a bid to check cheap imports from China and the Middle-East. Following the imposition of 20 per cent provisional safeguard duty on...
Locals request Vedanta to run Lanjigarh alumina plant
A representation of Ambadola residents went to Lanjigarh yesterday to discuss Vedanta COO on the closure of Vedanta’s Alumina refinery in absence of bauxite security. Previously People in large numbers made the demonstrations on Save Vedanta. Showing their displeasure, locals of Ambadola on the...
Vedanta looking to clinch domestic deals to cut alumina imports
After degrading capacity of its one million tonne alumina refinery at Lanjigarh by 35%, Vedanta is looking at options to source alumina from the domestic market to cut its dependence on high cost alumina imports. To feed its smelting unit at Jharsuguda, Vedanta is in talks with Aditya Birla Group...
Indian aluminium producers seek 15% import duty in FY17 Budget
Battered by surge in imports from China and West Asia, the domestic aluminium producers under the banner of Aluminium Association of India (AAI) have sought an enabling provision of 15 per cent duty on aluminium imports in the Budget for 2016-17. "We have sought an enabling provision of 15 per cent...
Problems galore for Vedanta's Lanjigarh refinery
Vedanta's decision to close its loss-making Lanjigarh refinery is triggering varied reactions across the state. While on one hand Union ministry's recommendation to grant mining lease (ML) over Karlapat bauxite mines to feed the dying refinery stands thwarted in the face of opposition from the...
Cynthia Carroll joins the Chairman's Office of Vedanta Resources plc
Vedanta announces that Cynthia Carroll is joining the Group as the Chair of Vedanta Resources Holdings Ltd. In this role, Cynthia will advise on key strategic initiatives for the Chairman's Office of Vedanta Resources plc, including corporate development and significant value creation...
Indian aluminium makers need to be cost competitive, say analysts
Hurt by spate of cheaper imports and plummeting LME (London Metal Exchange) prices, Indian aluminium makers need to focus on cost competitiveness in the long run to compete against their global counterparts, observe analysts. Aluminium producers like National Aluminium Company (Nalco), Hindalco...
Vedanta Limited updates on its merger with Cairn India
Vedanta Limited, subsidiary of Vedanta Resources Plc, and Cairn India Limited have received No Objection from BSE Limited and the National Stock Exchange of India Limited vide their Observation letters dated September 10, 2015 in relation to their proposed merger. No Objection letters have been...
Balco begins process to shut Korba's aluminium rolling business
Balco, part of Anil Agarwal-led Vedanta Ltd, has started the procedure to shut down its rolling business in Chhattisgarh - a move that will see 1,000 people losing jobs. Last month, the aluminium manufacturer had announced its decision to shut down the rolling mill in Korba (Chhattisgarh) on...
Bauxite mining in Karlapat area to save Lanjigarh refinery faces opposition
Vedanta’s doomed Lanjigarh alumina refinery which has been facing severe bauxite ore shortage has little hope of survival as the efforts to mine bauxite from the proposed Karlapat area in Odisha’s Kalahandi district face opposition from tribal organizations like Lok Sangram Manch (LSM) and...
Indian aluminium industry asks government to hike import duty
India's aluminium industry on September 12 called on the government to raise duties on import of the metal to stem the flow of cheap imports from China. An Aluminium Association of India delegation, led by Vedanta Group chief executive Tom Albanese, Hindalco deputy managing director D Satish Pai...
Vedanta to invest INR 6,000cr, restart Mettur aluminium plant
Vedanta Group is getting aggressive with capacity expansion in Tamil Nadu. The company, which has its copper smelter in Tuticorin and an aluminium factory in Mettur, has drawn up a INR 6,000-crore investment programme to be spent over the next 12 to 24 months. It is also planning a foray into solar...
Vedanta Aluminium goes on workforce reduction, cost cuts
Mining giant Vedanta Resources has resorted to "aggressive cost reduction" and "workforce reduction" in its aluminium segment amid subdued and volatile market conditions globally.The Anil Agarwal-led mining conglomerate said sharp rise in Chinese exports has led to a short-term market saturation...
Odisha locals extend support to Vedanta's Lanjigarh refinery
A delegation of project affected people of Vedanta from the region met Mr. Abhijit Pati, CEO Vedanta Aluminium and urged him to continue with operations at Lanjigarh and to explore all possible options to avoid closure of the refinery as it will result in catastrophic consequences for the region....
Vedanta smelter bags national award in energy efficiency
The aluminium smelter unit of Vedanta Limited at Jharsuguda has been bestowed the coveted ‘Excellent Energy Efficient Unit’ award in the ‘16th National Award for Excellence in Energy Management’ conducted by Confederation of Indian Industries (CII). This is the third successive year that Vedanta’s...
