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 Lanjigarh refinery closure puts thousand lives in jeopardy
Eight years ago, Kada Majhi, a tribal woman of Kinari, a village in the Kalahandi district of Odisha, eked out a living with paltry wages as a daily labourer. When Vedanta Aluminium started constructing a one-million-tonne-per-annum aluminium refinery at Lanjigarh, she, along with her husband and...
Odisha govt looks for new bauxite mines for Vedanta
After the shutdown of Vedanta Aluminium’s one million tonne alumina refinery at Lanjigarh on December 5, the Odisha government seems to have woken up, albeit belatedly, to the raw material crisis that has stalked the company for last five years. In a bid to help revive operations of the Lanjigarh...
Protests in front of Indian High Commission against bauxite project in Odisha
A noisy group of protesters armed with horns, megaphones, pots and pans crowded the entrance to the India High Commission demanding that the Indian Government stop the controversial Niyamgiri mine in Odisha. According to a spokeswoman of the protest organisers, 20,000 tribals and farmers living...
Industry experts discuss ways to boost the Indian aluminium industry in IBAAS
Vedanta Group's shutting down its Lanjigarh alumina refinery in Odisha on Wednesday due to non-availability of bauxite is emblematic of the problems dogging the entire aluminium sector. The situation is no different with other players and they too are hard-pressed for lining up the bauxite supply...
Odisha Govt says Vedanta Closure notice not in proper format
Even as Vedanta Aluminium Ltd (VAL) today started the process of shutting down its Lanjigarh aluminium refinery, the Odisha government claimed the closure notice given by the company was “not in the proper format” as stipulated by the provisions of the Industrial Disputes Act. “We have not received...
Vedanta to finally shut Lanjigarh alumina refinery
Vedanta Aluminium Ltd (VAL), a unit of London-based Vedanta Resources, will shut its one-million-tonne (mt) alumina refinery from tomorrow. The company had issued a three-month advance notice in September to close the refinery from Wednesday, as it had no bauxite stock to run the plant beyond the...
Vedanta to stick to December 5 deadline for closure of refinery
Vednata Aluminium Ltd (VAL), which had given a three-month advance notice to the Odisha government for closure of its Lanjigarh alumina refinery from December 5 citing unavailability of bauxite, may not relent on its decision as there is still no solution to the raw material problems. Though the...
Vedanta awaits bauxite to revive $9 billion aluminum project
Vedanta Resources Plc is counting on a court verdict next month to secure raw material and revive a faltering $9 billion aluminum project in India. The Supreme Court on Dec. 3 may grant unit Vedanta Aluminium Ltd. access to a bauxite mine in Odisha, helping it to cut production costs by almost 24...
Vedanta to offer 'fair' price for HZL and Balco stake
Vedanta on Tuesday said it will fork out the right price, arrived at a "transparent process", for buying out government's residual stake in Hindustan Zinc (HZL) and Bharat Aluminium Company (Balco). "Whatever is fair. I am looking at the process, we are not looking at negotiating anything. Whatever...
Vedanta to get bauxite from external sources
Vedanta Aluminium Ltd , which is facing a challenge to run its refinery at Lanjigarh (Odisha) beyond December 5, hopes to get some bauxite from external sources in 2-3 days. “We are making all efforts to source bauxite from different sources. Hopefully, something will work out in 2-3 days”, said...
Activists up in arms against Vedanta Aluminium Limited
With Orissa Mining Corporation's petition challenging the Centre, which imposed restrictions on bauxite from Niyamgiri Hills, scheduled for hearing at the green tribunal of Supreme Court on Friday, two outfits opposing the mining demonstrated against Vedanta Aluminium Limited (VAL) at Bhawanipatna...
Vedanta plans to cut output at Odisha smelter
Vedanta Resources Plc, controlled by billionaire Anil Agarwal, may cut output at its four-year-old aluminium smelter in India as it grapples with a shortage of raw material, two people familiar with the matter said. Vedanta Aluminium Ltd’s plan to shut down its alumina refinery in Orissa due to...
Sterlite Industries share improve in the market
Sterlite Industries' (Sterlite) 2QFY13 consolidated EBITDA, at Rs.25.3bn, was better than estimates, led by above estimated volumes across business segments. PAT, at Rs.17.4bn, was significantly higher than expectations due to forex gains and lower finance expenses. Sterlite will benefit from...
Vedanta's Odisha refinery fate uncertain post 5th Dec
Vedanta Aluminium Ltd (VAL) is hopeful of running its 1-million-tonne refinery at Lanjigarh, Odisha, till December 5, buoyed by bauxite supplies from Gujarat Mineral Development Corp (GMDC) and Bharat Aluminium Co Ltd (Balco)’s Kawardah mines in Chhattisgarh. The aluminium firm on September 6 had...
Vedanta's profit up 49% to USD 2.56 bn in Apr-Sep
India-focused mining conglomerate Vedanta Resources today reported 49 per cent growth in its core profits to USD 2.562 billion for the half year ended September 30, 2012, buoyed by earnings from subsidiary Cairn India. The company had reported USD 1.721 billion core profits or EBITDA (earnings...
Odisha Chief Minister promises Vedanta chief to provide bauxite
Vedanta Group Chairman Anil Agarwal on Thursday said that Chief Minister Naveen Patnaik has promised to take steps on priority basis for supply of bauxite to the Vedanta Aluminum Limited’s (VAL) refinery at Lanjigarah in Kalahandi. However, he made it clear that the company would be compelled to...
Vedanta plans to increase capacity of its Balco facility
Vedanta Resources today said the company plans to increase the capacity of its Balco facility to 7 lakh tonnes per annum from one lakh tonnes per annum soon. "When we took over BALCO it was producing one lakh tonnes per annum of aluminium... We are taking it to 7 lakh tonnes per annum as quickly as...
Vedanta may buy alumina from Nalco at export price
Vedanta Aluminium Ltd (VAL) whose smelter plant has run into a crisis as a fall-out of raw material crunch crippling its alumina refinery at Lanjigarh, said it is ready to source alumina from National Aluminium Company (Nalco) at export price. “Our smelter operations have been affected because of...
