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’s bauxite mining survey in Koraput district stopped due to local protest
Vedanta had proceeded to survey the land at Danga Deula hill in Koraput district along with officials from the mining department on Friday but was forced to stop their survey work due to opposition from the villagers. Vedanta’s mining plans are not going well as they have already been refused...
Vedanta Resources publishes production Release for the Second Quarter and Half Year ending 30 September 2014
Vedanta Resources publishes production Release for the Second Quarter and Half Year ending 30 September 2014. The company posts the following update on the Aluminium segment. The Lanjigarh alumina refinery operated above 90% of its rated capacity and produced 226,000 tonnes in Q2. The numbers for...
Vedanta embarking on doubling alumina refining capacity in Odisha
Azad of the Niyamgiri Suraksha Samiti said the authorities at the public hearing didn't record the tribals' objections and neither did it meet other norms for such hearings. What Azad and other critics of the project, such as Amnesty International, ask is where will Sesa Sterlite get the bauxite...
SC order to derail Vedanta's plans to raise power capacity
Anil Agarwal-owned Vedanta group’s plans to become a formidable player in the power sector will suffer a major setback due to unavailability of coal after the Supreme Court judgement last week. The Supreme Court had cancelled coal blocks allocated to two group companies — Balco and Sterlite Energy...
Vedanta Resources celebrates ten-year anniversary of LSE listing
Anil Agarwal, Group Chairman, Vedanta Resources Plc and Tom Albanese, Group CEO, Vedanta Resources Plc opened the market at the London Stock Exchange today to celebrate ten years of Vedanta's main market listing, confirming the Group's long-term commitment to its listing on the London Stock...
Vedanta to expand alumina production despite many obstacles
The Chairman of Vedanta Resources, Anil Agarwal recently announced that he is going to raise the production in his Lanjigarh alumina refinery, from its current capacity of one million tonne to two million tonne in a year and has plans to push that to six million tonne gradually. He also plans to...
To help Vedanta, Orissa nudges Centre for Karlapat bauxite mines
Orissa chief secretary on Wednesday urged the Union mines ministry to reserve Karlapat bauxite mines in Kalahandi for the state-owned Orissa Mining Corporation. This comes a week after Vedanta Resources chief Anil Agarwal met chief minister Naveen Patnaik seeking his help for bauxite mines for the...
Vedanta Resources termed as top ranking producer by Deutsche Bank
Vedanta Resources has been awarded top-ranking producer position by Deutsche Bank after a careful review of UK listed miners. The shares of Vedanta have now gone from ‘hold’ to ‘buy’. A total of 18 stocks were reviewed and the criteria for the reviews covered 19 metrics which included working...
Aluminium outlook improves on rising deficit
In 2007, the height of the global commodities boom, Aditya Birla Group Chairman Kumar Mangalam Birla and Tom Albanese, chief executive of Vedanta Resources chief executive and former chief executive of Rio Tinto, made landmark purchases of aluminium assets. Ignoring the advice of his colleagues at...
Sesa Sterlite to spend Rs 8,000 crore on expansion
Sesa Sterlite, a Vedanta group company, will spend up to Rs 8,000 crore in the next three to four years to expand its Lanjigarh refinery in Odisha, after it received consent from villagers last week, a senior official, who declined to be named, said. Sesa Sterlite recently got villagers' approval...
Public hearing on Sesa Sterlite, Lanjigarh expansion ends peacefully
The public hearing at Lanjigarh to decide Sesa Sterlite Ltd (SSL) refinery expansion project concluded successfully in presence of district officials and the authorities of State Pollution Control Board (SPCB), a company spokesman said in a statement. The public hearing was held by SPCB on basis of...
Vedanta Aluminium gets village’s nod to expand refinery
Vedanta Aluminium, controlled by billionaire Anil Agarwal, moved closer to raising its alumina refining capacity by six fold from 1 million tonnes per year (tpy) after villagers near the plant voiced no objection to the expansion. Most of the nearly 2,000 people present on Wednesday at the public...
Odisha government to soon grant laterite deposits to Vedanta's alumina project
In what should serve as a relief for Anil Agarwal's alumina project, the Odisha government will soon grant three laterite deposits that can partially feed the company's controversial refinery in Kalahandi. Raw material uncertainty has plagued Vedanta Aluminium, now merged with Sesa Sterlite, ever...
Odisha sitting over 300 PL bids for bauxite mining
The state government is yet to dispose off over 300 pending PL (prospecting licence) applications for bauxite deposits in Kalahandi district and undivided Koraput region. Larsen & Toubro (L&T), Vedanta Aluminium Ltd (now Sesa Sterlite), Jindal Steel & Power Ltd (JSPL), Jindal Photo Ltd, Hindalco...
Vedanta Resources Plc eyes new bauxite deposits in Odisha
Vedanta Resources Plc, a London-listed mining giant, would explore new deposits of iron-bauxite in Odisha to feed its Lanjigarh refinery. The move is seen as initiative by the company to acquire the raw material required for aluminium producing after the Niyamgiri fallout where Vedanta Resources...
Vedanta increases its shareholding in Sesa Sterlite to 57% in quarter to June
London-based holding company Vedanta Resources increased its shareholding in metals and mining firm Sesa Sterlite by two percentage points to 57% in the quarter to June as it bought nearly 6.5 crore shares for about INR 1,700 crore. Analysts said the timing of the transactions, soon after the...
Bauxite tax might force Indian aluminum players to sell domestically
Local aluminum players claim to always have shortages of the mineral but the major bauxite players are keen to export it because of the lucrative international prices. Now, with a 20 percent tax, it will become more expensive to export bauxite, thus adding capacity to domestic aluminum production....
Doubling bauxite export duty will improve domestic supplies: Finance Minister, India
The doubling of export duty on bauxite, a key input for aluminium making, to 20 per cent will help improve availability of the raw material to the domestic producers. "Export of any raw material from the country should be discouraged and thus, the doubling of export duty on bauxite is a welcome...
