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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BoA extends validity of Vedanta SEZ
The Board of Approvals for Special Economic Zones (SEZs) under Union commerce & industry ministry has extended the validity of Vedanta Ltd's product specific SEZ at Jharsuguda by one year. The BoA has granted the extension to the developer at a recent meeting. The validity of the SEZ has been...
Vedanta Group announces merger of Vedanta Limited and Cairn India Limited
Vedanta Limited, Cairn India Limited ("Cairn India") and Vedanta Resources plc ("Vedanta plc" together with its subsidiaries, the "Group"), today announce a merger between Vedanta Limited and Cairn India (the "Transaction"). Key Highlights • Minority shareholders of Cairn India will receive for...
Vedanta signals potential merger of Indian units in restructuring effort
Oil and metals producer Vedanta Resources Plc (VED.L) signalled on Tuesday it is considering a merger of two or more of its Indian subsidiaries, which could provide the debt-burdened units access to cash from other operations. In a statement which disclosed the possibility of a merger of its...
Odisha wants Sasubohumali bauxite mines for OMC
After securing the Karlapat bauxite mine in favour of Odisha Mining Corporation (OMC), the state government has moved the Union mines ministry to reserve yet another bauxite deposit - Sasubohumali mine in the name of the state-owned PSU. "The government has already written to the central mines...
Major technical collaboration gets off the ground
Taking another step towards strengthening the decade long relationship between the two biggest companies in the Aluminium Industry in India and in China, Mr. Tom Albanese, CEO of Vedanta Resources PLC, visited pioneer of Chinese aluminium industry technology, China Aluminum International...
Vedanta India to buy up to 5.33% stake in Cairn India
Vedanta India will acquire up to 5.33 percent stake, worth over INR 2,200 crore, in its group concern Cairn India next week. Anil Agarwal-led Vedanta India, which changed the name from Sesa Sterlite last month, is a promoter in Cairn India. It will acquire up to 100 million shares of the company...
Vedanta, Jharsuguda awarded 1st Prize at Green Manufacturing Excellence Award
Vedanta Limited, Jharsuguda was awarded in the Challenger’s Category at the Green Manufacturing Excellence Award (GMEA) 2015 Summit in Mumbai. The prestigious national level award from M/s Frost & Sullivan on 22nd May 2015 was won by Vedanta’s Jharsuguda unit for its initiatives on Sustainable...
Odisha's poor power linkage policy hit aluminium plant: Vedanta
Mining and minerals giant Vedanta today said it is operating its Jharsugda aluminium facility at a mere 25 per cent of installed capacity while putting the blame on state government for absence of power linkage policy and raw material crunch. The NRI-billionaire Anil Aggarwal-led company has set up...
Delhi HC asks govt to consider Balco’s coal mine plea
The Delhi High Court on Monday asked the government to treat Bharat Aluminium Company’s (Balco) petition as its representation to it and decide whether it was to be “chosen as the succesful bidder” for a Chhattisgarh coal block within a month. Balco, a Vedanta Group firm, had challenged the...
BoA to consider Vedanta SEZ extension
The Board of Approvals (BoA) under the Union commerce & industry ministry would consider the proposal for extending the validity of product specific Special Economic Zone (SEZ) by Vedanta Ltd at Jharsuguda. The validity of the notified SEZ is lapsing on May 22 this year. The BoA is scheduled to...
Vedanta (former Sesa Sterlite) releases its Q4 2014 results
Vedanta, formerly known as Sesa Sterlite has released its consolidated results for the fourth quarter and full year of 2014 ending 31st March showing strong performance amidst a weak commodity price environment. The company changed its name from Sesa Sterite Limited to Vedanta Limitedon 21, April,...
Vedanta, Jharsuguda hosts BEE's 1st Knowledge Exchange Platform (KEP) for aluminium sector
The 1st Aluminium Sector workshop under Knowledge Exchange Platform (KEP) initiative was hosted by Vedanta, Jharsuguda unit, here at the Auditorium, Vedanta Meadows for exchange of best practices in Aluminium industries covered under the Perform Achieve and Trade (PAT) scheme. PAT is a flagship...
Sesa Sterlite Limited renamed Vedanta Limited
Sesa Sterlite Limited hereby announces that it has changed the name of the Company from its present name, 'Sesa Sterlite Limited' to 'Vedanta Limited'. The Shareholders of the Company approved the name change of the Company through Postal Ballot, results of which was announced on March 30, 2015....
Vedanta reports record production for the fourth quarter and full year 2015
Vedanta Resources plc releases production report for the Fourth Quarter and Full Year ending 31 March 2015. In the aluminium segment, Vedanta reports record quarterly and full year Aluminium production with the new Jharsuguda-II and Korba-II smelters ramping up successfully. The company also...
Sesa Sterlite receives Shareholders' approval for name change to Vedanta
Sesa Sterlite Limited (‘Sesa Sterlite’ or ‘the Company’) hereby announces that the Shareholders of the Company, inter-alia have approved by requisite majority, the name change of the Company from its present name – Sesa Sterlite Limited to “Vedanta Limited”, through Postal Ballot Results announced...
Vedanta Aluminium granted access to laterite deposits by the Orissa Govt.
Vedanta Aluminium Limited (VAL) will be granted laterite deposits by for their Lanjgarh in Kalahandi district the State Government announced on Friday. An agreement will be signed between the government and VAL to explore the laterite deposits which contain substantial amount of aluminium although...
Odisha govt allows OMC to scrap 3 JVs on mining projects
The Odisha government has given permission to state-run Odisha Mining Corporation (OMC) to scrap the joint venture projects inked with three private sector heavyweights to go for iron ore and bauxite mining in the state. The companies are: Anglo-Australian mining major Rio Tinto, Hindalco and the...
Orissa red flags Centre’s plan to give gram sabhas mineral rights
The Orissa steel and mines department has said no to the Union Panchayatiraj Ministry’s proposal to give gram sabhas rights over major minerals. In 2013, the ministry had sent a draft Panchayat Extension to Scheduled Areas Bill, 2013 to the states, seeking their views on it. The draft bill...
