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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Centre to clear stand on Vedanta mine
The Environment and Tribal Affairs ministry will clear their stand on the Vedanta mining case in Supreme Court on Monday. The verdict on the mining project in Odisha is crucial as it will undoubtedly play a key role in deciding the fate of several other projects that need forest lands under the...
Vedanta's plan to buy govt’s stakes in HZ and BALCO may delay due to to pending parliament’s approval
Billionaire Anil Agarwal’s plan to buy India’s stakes in units of his Vedanta Group may falter as the government insists on parliament’s approval for the deal, according to three people familiar with the decision. The law ministry ruled that lawmakers have to agree to the sale, a process that could...
Vedanta’s Child Care Campaign “Khushi” Gaining Momentum
Vedanta is spearheading a global campaign towards ‘care for the underprivileged children in India’. The campaign launched with a thought that Government, companies or NGOs cannot do it alone and individuals need to come forward and participate towards this national problem. Vedanta started their...
Nalco yet to consider Vedanta's offer to buy alumina at a premium
After its alumina refinery at Lanjigarh was shut due to lack of bauxite, now operations at Vedanta’s aluminium smelter in Odisha have been hit by shortage of alumina. Time and again, Vedanta Aluminium Limited (VAL) has asked National Aluminium Company Limited ( Nalco), which has surplus alumina, to...
Union rural development minister disappoints Vedanta team in bauxite supply issue
Union rural development minister Jairam Ramesh categorically told a team of Vedanta Alumina Limited (VAL) officials on Sunday he is not the forest and environment minister and that he cannot do anything to help them mine Niyamgiri hills in Lanjigarh. The team, led by VAL chief operating officer...
Over 500 labours staged demonstration demanding resumption of bauxite supply to Vedanta
A demonstration was staged at Rayagada in Orissa to demand an immediate resumption of bauxite supplies to Vedanta's alumina refinery at Lanjigarh to protect the livelihood of thousands of people. The demand was made after a peaceful protest Thursday by over 500 labours who staged a demonstration at...
Supreme Court stays Bombay High Court order charging Vedanta Aluminium
The Supreme Court has put on hold a Bombay High Court order asking Anil Agarwal-controlled Vedanta Aluminium Ltd (VAL) to deposit Rs 187 crore with it as security in an arbitration case involving a Chinese firm. A two-judge bench on Tuesday granted the stay on a special leave petition (SLP) filed...
Bauxite mining near Karalapat Sanctuary opposed
Close on the heels of the State government’s move to arrange dedicate supply to bauxite to Vedanta Alumina Limited’s Lanjigarh refinery near Karlapat sanctuary, activists have registered strong protest saying rich biodiversity of the place would be lost if mining is allowed there. Addressing a...
Sterlite Industries Q3FY13 to be unexpectedly weak and below expectations
Equity Bulls expects unexpectedly weak results from both Sterlite and HZL for Q3FY13E despite better LME realizations on both YoY and QoQ basis and this could surprise the street negatively in our view. They expect subdued results on account of: i) higher proportion of custom smelting volumes in...
Vedanta unlikely to begin operations at Lanjigarh Refinery in near future
The country’s largest aluminium maker Vedanta Aluminium is unlikely to start operations at its Lanjigarh unit in the near future as it is yet to secure bauxite supply to run the plant. “It is very difficult to give a timeline. Unless we get secured source of supply of raw material, we will not be...
Vedanta Aluminium's trials with regulatory approvals continue
Earlier this month, Vedanta Group was forced to shut its one million tonnes per annum alumina refinery at Lanjigarh in Odisha’s Kalahandi district due to unavailability of bauxite, 15 years after state-owned Orissa Mining Corporation signed over its rights to mine bauxite in the Niyamgiri Hills to...
Vedanta Plans Layoffs at Odisha Refinery
India's largest aluminium maker, is considering layoffs within two months at its alumina refinery in Odisha as hopes of an immediate revival of the plant fade, the president of the company said. VAL, a unit of London-listed Vedanta Resources, has about 550 employees. It closed down the...
No retrenchment in Vedanta Lanjigarh refinery yet
The company’s bid to continue the refinery operation by sourcing bauxite from other states like Gujarat, Maharashtra, Chhatishgarh, Jharkhand and Andhra Pradesh was also thwarted by various logistic, regulatory and procedural issues. Even as Vedanta Aluminium Ltd (VAL) has shut down its Lanjigarh...
Vedanta chairman believes open mining policy can make India an economic powerhouse
For a country with one of the largest reserves of natural resources in the world, the transformational potential of India's resources sector is immense. The sector has the potential to add $1 trillion to the Indian economy that can substantially contribute towards much-needed investments in...
Bombay High Court asks Vedanta to deposit Rs 187 crore security amount
The Bombay High Court has asked billionaire Anil Agarwal controlled Vedanta Aluminum to deposit a security amount of Rs 187 crore with the court, till the arbitration proceedings reach a definitive conclusion, based on a plea filed by Chinese power equipment manufacturer Shenzen Shandong Nuclear...
Metals & Steel Scrap Summit 2012 discusses the potentiality of Indian Aluminium Industry
Does India have the potential of becoming an aluminum hub in the near future? At least a few of the participants at the international Metals & Steel Scrap Summit 2012 held recently in India seemed to think so. Organized by SteelGuru, the conference’s main goal was to establish a neutral and robust...
Tribal affairs minister against diluting FRA for mining projects in Orissa
Tribal affairs minister Kishore Chandra Deo has warned against dilution of the Forest Rights Act for faster approval to projects and has asked environment minister Jaynathi Natarajan to ensure compliance with law while diverting forestland for projects by the ministry's Forest Advisory Committee....
Thousands join rally as Vedanta mine ruling postponed
A rally of defiance was held at the foothills of India’s Niyamgiri Hills on Thursday, by thousands of tribal men and women, including the Dongria Kondh, who turned out to voice their unwavering opposition to Vedanta’s controversial mine. A final decision by India’s Supreme Court on the future of...
