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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Centrum Broking sees aluminium prices rising to 18 per cent
Centrum Broking said it expects aluminium prices to recover sharply to $2000 per tonne by first half of 2016 from $1700 per tonne price currently, citing expected supply cuts due to large unviable capacity at present prices and steady demand. The brokerage said 30-40 per cent of aluminium capacity...
SINR to host Fourth IBAAS symposium in Suzhou, China from November 25-27
International Bauxite, Alumina & Aluminium Society (IBAAS), China Aluminium International Engineering Corporation Limited (Chalieco) and Suzhou Research Institute for Nonferrous Metals (SINR) have jointly announced that the Fourth IBAAS symposium (IBAAS-CHALIECO-SINR 2015) will be held in Suzhou...
Vedanta to ramp up aluminium output at Odisha plant by 60%
In a move that could be seen as a paradox to Vedanta's move to shut down its Lanjigarh alumina refinery in the backdrop fall in global aluminium prices and lack of bauxite linkage, the company has initiated the process of stepping up aluminium production at its Jharsuguda smelter in Odisha. The...
Vedanta CEO meets Odisha CM for urgent allocation of bauxite mine
Vedanta's chief executive officer (CEO) Tom Albanese urged Odisha chief minister Naveen Patnaik last Thursday to arrange for bauxite for its dying one million tonne per annum (mtpa) Lanjigarh refinery in Kalahandi district as soon as possible. The CEO also officially intimated the company's...
Vedanta urges Odisha government to secure bauxite for refinery survival
Vedanta, on Thursday September 3, urged the Odisha government to secure bauxite in order to make its Kalahandi-based refinery survive against all odds in the international aluminium market. "Our submission before the state government is very clear. We have told them...Please secure bauxite as early...
Odisha Mining Corporation to fast track bauxite mining to rescue Vedanta refinery
In its bid to rescue Vedanta's alumina refinery at Lanjigarh, the Odisha government has put its mining PSU Odisha Mining Corporation (OMC) on the job to start mining from Karlapat mines at the earliest. Timelines have been set to achieve different critical milestones to commence bauxite mining from...
Vedanta CEO to meet Odisha CM to request for bauxite mines
Tom Albanese, Chief Executive Officer, Vedanta Resources Plc, is scheduled to meet Odisha Chief Minister Naveen Patnaik on Thursday to request for making bauxite available to the company's Lanjigarh alumina refinery that is otherwise headed for a shutdown. The company has said repeatedly in the...
Vedanta crisis: Odisha to nudge Nalco, Hindalco for interim bauxite supplies
Waking up to acute raw material crisis faced by Vedanta to run its Lanjigarh alumina refinery, the state government has decided to push aluminium producers like National Aluminium Company (Nalco) and Aditya Birla Group promoted Hindalco Industries to make arrangements for interim bauxite supplies....
Vedanta re-approaches Odisha Govt for bauxite mines
In an attempt to avoid the posssible closure of Lanjigarh plant where operations have been badly hit due to unavailability of bauxite, KK Dave, chief operating officer (COO) of Vedanta Aluminium Limited (VAL) met Odisha Steel and Mines Minister Prafulla Mallick at the state secretariat on Saturday...
Declining alumina prices hit US caustic soda market
At the start of 2015, those in the alumina industry had a right to feel like things were brightening for the lightweight metal in global markets. The global industry had been grinding its way through a years-built glut of supply that had depressed prices and forced alumina producers in the West to...
Vedanta to halve output at Lanjigarh alumina refinery, job cuts to follow
Vedanta Ltd will halve output at its one- million-tonne-a-year alumina refinery at Lanjigarh in Orissa state in about two months, a senior executive said, due mainly to acute shortage of raw material bauxite and weak LME aluminium prices. Job cuts at the refinery, which employs about 2,000 people,...
Vedanta to shutdown Lanjigarh refinery on non-availability of bauxite
Non-availability of bauxite from Odisha and the prevailing turmoil in global aluminium prices have forced Vedanta to initiate the process of shutting down its one-million tonne a year alumina refinery at Lanjigarh. “We ran this unit with all commitment for nearly a decade, despite heavy odds. But...
All four units of Vedanta’s aluminium business slip into operational losses
With an almost 18% fall in aluminium prices in the past six months on the benchmark London Metal Exchange (LME), all four aluminium smelting units of Vedanta Ltd have slipped into operational losses. Abhijit Pati, chief executive officer of Vedanta Aluminium, said there are chances that the firm’s...
No ‘promises’ from Government of India on import duty hike on aluminium
The Government of India has yet again refrained from giving any assurance to the domestic aluminium industry on its demand for an import duty hike. For the second time in a little over a month, on Thursday the top officials of aluminium majors BALCO, Hindalco, Vedanta Ltd and others, under the...
Indian aluminium industry may resort to production cuts, layoffs
Facing the double whammy of plummeting prices and subdued capacity utilisation, the domestic aluminum industry hinted at resorting to production cuts and retrenchment if the government does not raise import duty to 10% immediately from 5% to protect the home turf from rising imports. “The domestic...
HC seeks Centre's reply on Balco plea
Delhi High Court today sought the Centre's response on Bharat Aluminium Company's (Balco) plea challenging government's decision rejecting its representation to reconsider cancellation of its bid for a Chhattisgarh coal block. A bench of justices Badar Durrez Ahmed and Sanjeev Sachdeva issued...
Aluminium producers to meet PMO to press for import duty hike
Indian aluminium producers such as Vedanta and Hindalco will meet officials at the Prime Minister's Office and policy think tank NITI Aayog this week to press for higher import duty on aluminium in the face of falling global prices. The domestic industry leaders will meet the mines secretary on...
Vedanta to raise INR 2,000 crore to refinance debt
Vedanta Ltd, the mining and oil and gas arm of Anil Agarwal’s Vedanta Resources Plc., plans to raise INR 2,000 crore by issuing non-convertible debentures (NCDs) in a bid to refinance a part of the company’s debt, the company informed the stock exchanges on Monday. This issue is part of the overall...
