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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Odisha plans bauxite prospecting at five places
The state geology department has identified five places in Koraput and Kalahandi districts to carry out prospecting operation for bauxite, as part of its long-term plan to boost proven bauxite reserves in the state. "For 2013-14 field season (Nov-May) we have proposed to carry out prospecting...
Ex-Rio Tinto boss joins Vedanta
Miner Vedanta Resources on Monday said that it had chosen Tom Albanese, former chief executive of peer Rio Tinto, to be its chairman. "Vedanta announces that Tom Albanese is joining the group as the chairman of its subsidiary, Vedanta Resources Holdings Ltd," a statement said. Albanese stepped down...
Orissa bauxite reserves remain unutilized, only one reserve being functional
Orissa sits on one of the largest reserves of bauxite in India —around 2.5 billion tonnes — but its record in developing these mines or allocating them to private parties is abysmal. Of 10 identified big mines with potential reserves of around 1,489 million tonnes (mt), only one mine —...
Vedanta Aluminum organized a Stakeholder Meeting
Vedanta Aluminum Ltd under its Public Relation & Corporate Social responsibility has organized a stakeholder meeting on MDM at Lanjigarh looking to several issue raising in and around country. Vedanta Aluminum Ltd has partnered with the Government of Odisha and Nandi Foundation has been serving for...
Vedanta seeks Odisha govt's intervention to buy Nalco's surplus alumina
After a failed bid to buy surplus alumina from National Aluminium Company (Nalco) to run its alumina smelting facility at Jharsuguda, Vedanta Aluminium Ltd (VAL) has sought the intervention of the Odisha government on the matter. With its aluminum smelter at risk, VAL wants the state government to...
Government starts process for Hindustan Zinc and Balco stake sale
The government has started the process to sell its remaining stakes in the two metals companies Hindustan Zinc and Balco, which could fetch it as much as Rs 18,000 crore. The cabinet committee on economic affairs (CCEA) is expected to take up a proposal this week for change in regulations governing...
Nalco union stands in way of Vedanta tie-up
In what would have been a win-win situation, Nalco could have channelled its surplus alumina to Anil Agarwal’s Vedanta Aluminium, which is starved of the input to make aluminium, and in the process improved its earnings as well. But severe resistance from the state-owned company’s employees’ union,...
Vedanta seeks SEZ benefits for aluminium smelter
Vedanta Aluminium Ltd (VAL) has sought extension of SEZ (Special Economic Zone) benefits for its 1.25 million tonne aluminium smelter project at Jharsuguda. VAL has already invested Rs 12,000 crore on the smelter complex. The project was set up as a sector specific SEZ for producing aluminium metal...
Finance Ministry wants fast track stake sale for Hind Zinc & Balco
The Finance Ministry has asked ministry of mines to expedite the Cabinet note on stake sale in Hindustan Zinc (HZL) and Bharat Aluminium Company (BALCO), say exclusive CNBC-TV18 sources. The Finance Ministry has also proposed that stake sale should be via the auction route. HZL and Balco are...
Orissa weighing alternative bauxite source for Vedanta
After a unanimous rejection of the proposal to mine bauxite in the Niyamgiri hills by village councils in the Rayagada and Kalahandi districts, the Orissa government is examining the option of providing mineral linkage to Vedanta’s alumina plant through the Sijumali-Kutrumali mines. If the state...
Sterlite merger & Vedanta Aluminium business demerger become effective
As part of amalgamation, Vedanta Group firm Sesa Goa today said its merger of Sterlite Energy and demerger of aluminium business of Vedanta Aluminium into it have become effective. In a BSE filing, the company also said that its wholly-owned subsidary Bloom Fountain Limited would acquire 38.68 per...
BALCO's stake sale has been cleared of legal issues
Bharat Aluminium Company's (BALCO's) stake sale has also been cleared of legal issues, say sources. Similarly, Hindustan Zinc climbed around 12 percent to Rs 117.40 on news that legal hurdles surrounding divestment in the firm had have been cleared, according to CNBC-TV18 sources. Majority stakes...
Last gram sabha seals bauxite mining prospect at Niyamgiri
"Tribals in colourful and traditional attire danced in joy as the last of the 12 gram sabhas on Monday overwhelmingly voted against the proposed bauxite mining by Vedanta Group’s alumina refinery plant in Odisha’s Niyamgiri hills. With this all the 12 gram sabhas have voted against the proposed...
Uncertainty looms over Vedanta plan
With the verdict in the first-ever environmental referendum being conducted on bauxite mining in Niyamgiri hills on the directive of the Supreme Court written on the wall, uncertainty clouds the future of Vedanta Aluminium Limited (VAL)’s INR 40,000-crore investment plan in Odisha. Eleven palli...
11th Village Council also rejects mining on Niyamgiri Hills
In another setback to the Odisha government's plan for bauxite mining for Vedanta on the Niyamgiri hills, an eleventh Gram Sabha and the penultimate one of the scheduled 12 to be held, today voted against the proposal. The Gram Sabha or village meeting at Khambesi village in Rayagada district...
Court ruling clears way for Vedanta overhaul to complete
An Indian court has cleared the way for oil and mining group Vedanta (VED.L) to streamline its sprawling structure, dismissing on Monday an appeal by a shareholder of unit Sesa Goa (SESA.NS) that could have stopped or delayed the move. Vedanta shares rose on the news, increasing gains on the day to...
India’s bauxite mining woes to continue even after Niyamgiri rejection
When the voting stops on August 19, the scorecard for Vedanta’s bauxite mining, which is currently 9-0, may well read 12-0, an emphatic rejection of state and corporate plans to mine bauxite atop the Niyam Dongar hilltop in the Kalahandi district of Odisha. Twelve tribal villages that call this...
Vedanta to discuss bauxite mining issue with Odisha government
After more than half the gram sabhas in the tribal villages opposed bauxite mining in the Niyamgiri hills, Vedanta Aluminium said on Monday that it will discuss the fallout with the Odhisa government soon, but will continue to operate the plant by sourcing raw material from other sources. "Our...
