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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Signature campaign seeks restarting of Vedanta refinery
Vedanta Aluminium Limited has once again requested the State Government to ensure bauxite supply to its Lanjigarh facilities in Kalahandi district which has been shut down due to non-availability of raw materials. “You are aware that the closure of refinery since December 5, 2012 has impacted the...
Locals demand resumptions of operation of Vedanta plant
Demanding resumption of operations in Vedanta alumina refinery at Lanjigarh in Odisha’s Kalahandi district, a large number of locals today said livelihood of over 15,000 people was badly hit after the plant was shut down in December last year. A delegation of locals meet Kalahandi district...
Vedanta Aluminium ties up with NRHM to fight anaemia in Odisha, India
The National Rural Health Mission that has endeavoured to fight sickle cell anaemia on a war-footing, especially in western Odisha, got a fillip by teaming up with Vedanta Aluminium and its CSR activities. Sickle cell anaemia is an inherited blood disorder characterised primarily by chronic anaemia...
Indian state Odisha exploring the possibility of mining lease grant to L&T
Vedanta's ailing alumina refining unit at Lanjigarh shut since December 5 last year on bauxite unavailability can hope for a long-term succor on raw material supplies. The government has consulted its advocate general over the possibility of grant of ML to L&T which was granted prospecting license...
Bauxite Shortage in India: Real or artificial?
As part of its plan to shore up its revenues, the Indian government has decided to impose an export duty on bauxite. Bauxite exports, duty-free so far, will be taxed at 10 percent. Bauxite is a key ingredient in the production of aluminum, and taxing its export means giving a boost to domestic...
India’s FM proposes 10% export duty on bauxite in 2013 Budget
2013 Union Budget of India has proposed to levy 10 per cent export duty on bauxite, a raw material for making aluminium. The FM's proposal to impose a 10% export duty on bauxite on an ad valorem basis is likely to discourage exports of an important raw material for aluminium industry. It will thus...
Supreme Court recommends modern facilities for tribals in Odisha
The Supreme Court has sought the Centre's view on inclusion of tribal people in the mainstream, saying they should be allowed to choose facilities such as roads, schools, hospitals and electricity in the wider debate over preservation of their habitat. The remarks were made by a three-judge bench...
Law Ministry's views sought on HZL, BALCO share sale
The Mines Ministry has sought the Law Ministry's opinion on selling the remaining government stake in Hindustan Zinc and Bharat Aluminium Company. Majority stakes in both these companies were sold to Vedanta group during 2001-2003 and now the government has a residual stake of 29.5 percent stake in...
Vedanta’s wait for Bauxite to get longer as environment ministry denies forest clearance
The environment ministry has defended in the Supreme Court its decision to deny forest clearance under the Forest Rights Act (FRA) to Orissa Mining Corporation's plan to mine the Niyamgiri Hills to source bauxite for Vedanta's alumina plant, while simultaneously leaving the door open for possible...
Vedanta Aluminium seeks bauxite linkage from non-forest reserves
Vedanta Aluminium Ltd on Friday told Odisha government's inter-ministerial committee headed by finance minister Prasanna Acharya that bauxite reserves in non-forest area can be utilized to meet the needs of its one million tonne refinery, which has been shut down since December 5 due to...
Odisha government to discuss alumina refinery issue with VAL tomorrow
Odisha government has called Vedanta Aluminium for a meeting tomorrow on supply of bauxite to the company's closed alumina refinery in the state amidst several representations by local people to reopen the plant. The meeting has been called by a high-level ministerial committee, which was set up...
Vedanta Aluminium seeks bauxite to reopen Lanjigarh refinery
The Vedanta Aluminium Ltd (VAL) on Friday asked the state government to allot small bauxite deposits for its defunct Lanjigarh refinery to resume operation. The VAL chief operating officer (COO) Mukesh Kumar made a presentation here to highlight the refinery's plight and possible solution to the...
Worried community meets CM on Vedanta closure
The community affected by the closure of the Vedanta alumina refinery at Langigarh met Chief Minister Naveen Patnaik during his recent visit at Biswanathpur in Kalahandi district urging him to intervene in the plant closure issue. Three delegations representing members of displaced families, people...
Vedanta struggles for Bauxite linkages
Vedanta Aluminium, a unit of Anil Agarwal-owned London-listed Vedanta Resources, is still struggling for bauxite linkage even after it was forced to close down its one million tonne refinery two months ago due to non-availability of bauxite - the key raw material used to produce alumina. The Naveen...
Govt’s selloff plan may hit Vedanta
In what may come as a setback for Vedanta Group, the government is considering offloading its stake in Balco and Hindustan Zinc (HZL) in the stock market instead of selling the shares to metals tycoon Anil Agarwal. The discussion comes at a time when the Centre is keen to sell shares in companies...
Near-term challenges persist for Sterlite
Sterlite’s growth continues to be driven by Zinc and Lead segment, its second largest revenue contributor. In contrast, lower bi-product sales and realisations continue to remain an overhang on its largest segment, copper. Going ahead, though the company is expecting gradual improvement in TcRc...
Nalco can gain Rs 250 cr on alumina sale to Vedanta
National Aluminium Company ( Nalco), which has an exportable alumina surplus of nearly one million tonne per annum, stands to gain Rs 250 crore if it agrees to sell the intermediate product to its competitor - Vedanta Aluminium Ltd (VAL). The business deal, though apparently lucrative, is not...
Apex court defers hearing in Niyamgiri mining case
Vedanta Aluminium (VAL), a unit of Vedanta Resources, will have to wait for two more weeks after the Supreme Court on Monday deferred the hearing on Niyamgiri bauxite mines in Odisha's Kalahandi district. The apex court deferred hearing for two weeks due to non-submission of affidavit by the Union...
