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...
Grow with
AL Circle
Sesa Sterlite shares end higher as Balco bags 2 coal mines
Shares of Sesa Sterlite ended almost 1 per cent higher today after the company's subsidiary Bharat Aluminium Company (Balco) bagged one more coal block in the first tranche of auction. The scrip ended the day with a gain of 0.94 per cent at INR 219.45 on the BSE. During the day, it rose by 3.24 per...
Balco wins the coal block Chotia in Chhattisgarh in Tuesday’s auction
After aggressive bidding, Vedanta Group’s co-owned Bharat Aluminium Co won the Chotia mine in Chhattisgarh at the auctions held on Tuesday by the Indian Minstry of Coals, offering the highest bid of INR 3,025 per ton beating competitors like Hindalco and Ultratech Cement. The mine that boasts of...
Indian aluminium companies export more as home market slows down
Hindalco Industries and Vedanta Resources, India's two largest aluminium producers, have stepped up exports amid increasing capacity and poor domestic demand. Exports of primary aluminium from the country surged 65% in the first half of the current fiscal, according to the Centre for Monitoring...
Aluminium Association of India (AAI) announces New President and Vice President
Aluminium Association of India, the apex body representing the entire spectrum of Indian Aluminium Industry, at its Governing Council Meeting held on 27th January 2015 at New Delhi elected Mr. S.K. Roongta, Chairman, Bharat Aluminium Company Limited (BALCO) as Hon. President and Mr. Satish Pal,...
Goa Carbon Ltd looking for overseas expansion options
Goa Carbon Ltd is in expansion mode, looking for opportunities overseas even though their last attempt to set up a greenfield calcined petroleum coke (CPS) project in China to produce 300,000 mt per annum could not be commissioned. With clients like Hindalco and Vedanta looking to expand, Goa...
Sesa Sterlite still awaits bauxite linkage
The Sesa Sterlite Limited’s (previously Vedanta Aluminium Limited) Rs52,000-crore investment in Odisha is the largest on ground investment made by any company in the State ever. Still, the future of the project is hanging fire owing to the delay in policy decision mechanism of the State Government....
Sesa Sterlite announces third quarter financial results
Sesa Sterlite Limited today announced its unaudited consolidated results for the third quarter (Q3) ended 31 December 2014. Financial Highlights: • Q3 FY2015 Revenues at Rs. 19,128 crore • EBITDA at Rs. 6,234 crore; EBITDA margin of 43%1 • Attributable PAT excluding exceptional items at Rs. 1,588...
Hidden energy exports through primary aluminium remain a concern
Consecutive years of below five per cent economic growth and 0.7 per cent contraction of the manufacturing sector last year ensured a 6.2 per cent fall in the country's primary aluminium use to 1.58 million tonnes (mt) during 2013-14. Even while India is to grow at 5.5 per cent in FY15, aluminium...
BALCO gets state nod to commence new power plant
Bharat Aluminium Company Limited (BALCO), a subsidiary of Vedanta SSLT, announced that it has received approval from the state government of Chhattisgarh, to start a 1,200 megawatts (MW) captive power plant (4 units of 300 MW each). The move will boost BALCO’s annual aluminium production capacity...
IDCO allots 8,066 acres of land for Vedanta, Hindalco projects
The Industrial Infrastructure Development Corporation (IDCO), which is the nodal agency for land acquisition for various projects in the state, has already allotted 8,066 acres of land for proposed aluminium projects in the state. “We have allotted 8,066 acres of land for the proposed projects in...
Odisha's Steel and Mines ministry draws on the issue of raw material shortage for end-use plants
With mega industries like steel and aluminium units facing acute shortage of raw materials, the Odisha government has taken steps to tackle the problem by augmenting mineral production. "We are taking necessary steps to ensure availability of adequate raw materials for the industries and meet the...
Sesa Sterlite’s Jharsuguda Aluminium smelter wins accolades for energy-efficiency
Energy saving is one of the prime concerns for an aluminium producing company and Vedanta has always laid an special emphasis on it as a result of which, Sesa Sterlite’s Aluminium Smelter Plant in Jharsuguda has been awarded the 1st prize in the prestigious “National Energy Conservation Awards...
“I as well as Vedanta’s Chairman Anil Agarwal share the same long term vision that everyone nurtures for India, that is, to be one of the most powerful economies in the world…” Tom Albanese, CEO, Sesa Sterlite.
Sesa Sterlite, a Vedanta Group company is a global diversified natural resource conglomerates, with operations across aluminium, zinc-lead-silver, oil & gas, iron ore, copper and commercial power. It was a privilege for AlCircle to speak to Mr. Tom Albanese, Chief Executive Officer and a director...
Bauxite mining supporters come together to push their case
Breaking their silence over stiff opposition to bauxite mining, several technical and mining experts and investors for the first time met in the city recently to justify exploration of bauxite ore in parts of Eastern Ghats with eco-friendly technologies. Their presence in large number, including...
India not using domestic bauxite reserves adequately experts say
Tom Albanese from Vedanta Resources gave his key-note address at IBAAS, the International Bauxite, Alumina and Aluminium Society, speaking about how India is lagging behind in the exploitation of bauxite reserves available in the country. There is plenty of good quality bauxite ore in the Andhra...
Vedanta profit up as currency volatility eases, but hit by volume falls
Vedanta Resources PLC Thursday said its pretax profit more than doubled in the first half of its financial year as currency volatility eased, but its operating profit was hit by lower volumes at several of its operations, offsetting a 6% revenue increase on the back of higher metals prices. The...
Odisha government to provide raw materials for Vedanta within 3-4 months
The founder and executive chairman of the London-listed Vedanta Resources, Anil Agarwal, announced on Tuesday that the Odisha government has assured him that they will provide the necessary raw materials to feed Vedanta’s one-million tonne Lanjigarh refinery within three to four months. The...
Anil Agarwal requests the Chhattisgarh government to start the Korba power plant
Anil Agrawal, the founder and executive chairman of the London-listed Vedanta Resources travelled to Raipur on Monday to talk to the authorities about the power plant in Chhattisgarh’s Korba district which has been stalled and is affecting the other projects in the state. The 1200-Mw power plant...
