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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Sesa, Sterlite merger creates 7th largest natural resources company
London Stock Exchange-listed Vedanta Resources moved a step ahead to merge its Indian subsidiaries to create a diversified mining and metals group. On Monday, iron ore miner Sesa Goa and copper-to-aluminium maker Sterlite shareholders approved creating the $14.5-billion Sesa Sterlite, the...
The answer to poverty in Odissa lies in its mining reserves: President, Vedanta
In a recently held seminar by the Indian Institute of Chemical Engineers on the “Prospects of Alumina and Aluminium Industry in Odisha” many eminent Scientists, Academicians, Engineers and Industry Houses interacted on the importance of Bauxite, Alumina & Aluminium for the development of Odisha....
Sesa Sterlite to become one of the world's top diversified resource company
The verdict on the vote for the merger of Sesa Goa and Sterlite Industries will be announced later today. The combined entity, Sesa Sterlite, will be one of the largest diversified resources players in the world with operations in iron ore mining, copper, Aluminium, zinc, lead, silver and oil &...
Govt likely to reject Vedanta's offer to buy Balco and Hindustan Zinc stake
The government is likely to reject an offer by the Anil Agarwal-led metals and mining conglomerate Vedanta Resources to buy the residual stakes in group firms Hindustan Zinc Ltd (HZL) and Bharat Aluminium Co Ltd (Balco) for about Rs 17,000 crore. A senior government official associated with the...
Vedanta sells aluminium at a premium of USD 220 a tonne over LME Price
London-listed mining group Vedanta Resources today said it has sold 3,000 tonnes of aluminium ingots at a premium of USD 220 a tonne over the London Metal Exchange Price in the Asian market. "Vedanta Group, India's largest Aluminium producer, has recently sold 3,000 metric tonne of Aluminium Ingots...
Sesa Goa investors vote on Vedanta merger
Concerns about operational hurdles and a large debt inherited from the aluminium business, dominated the extraordinary general meeting (EGM) of Sesa Goa on Tuesday, as shareholders of the iron ore mining firm cast their vote on the proposal to merge their firm with Vedanta Resources flagship...
Sesa Goa shareholders to vote on Sterlite merger
The shareholders of Sesa Goa Ltd, who will gather on Tuesday to vote on the company’s proposal to create a new merged entity Sesa-Sterlite, not only have to evaluate the merits of the split verdict of two proxy advisory firms but also the extent to which the recent acquisition of bauxite mines by...
IIAS recommends stakeholders of Sesa-Sterlite to vote against the merger
Ahead of the court-convened meeting to consider the Sesa-Sterlite merger on June 21, advisory firm IIAS has recommended stakeholders of both firms to vote against the merger which was announced by parent company, Vedanta Resources in February this year. These are IIAS’s recommendations to...
VAL to buy MALCO's power business for Rs 150cr
Vedanta Aluminum Limited (VAL) is planning to buy Madras Aluminium Company Limited (MALCO)’s power business for a consideration of around Rs 150crore. The group will also amalgamate Malco with Sesa Goa Limited (SGL). According to Sterlite Industries (India) Limited, a group company of VAL, as part...
Nalco workers protest sale of alumina to Vedanta Aluminium
Politics over alumina sales to Anil Agarwal-owned Vedanta Aluminium (VAL) has deprived the blue-chip PSU National Aluminium Company(Nalco) an additional profit of at least Rs 200 crore per annum. With the Congress-backed workers' union up in arms against any deal with VAL, Nalco authorities are...
Vedanta ties up with Larsen & Tourbo (L&T) to get rid of raw material crisis
Anil Agarwal of Vedanta has found an ally in Larsen & Tourbo (L&T) to bail himself out of the raw material crisis ailing his flagship Odisha aluminium project. The London-listed Vedanta, promoted by Agarwal, has entered into a tripartite agreement with L&T and its partner Dubai Aluminium Company...
Vedanta Aluminium organizes training program for Self Help Groups
Vedanta again gets actively involved in community service to improve the lifestyle of local people especially women. To improve options of income generation of local women through locally viable group enterprises, Vedanta Aluminium Limited, Lanjigarh in collaboration with Integrated Child...
Vedanta's net profit fell 46% for the fiscal year 2011-12
London-listed Vedanta Resources, which controls stake in India’s copper to aluminium-maker Sterlite Industries, on Thursday said its consolidated net profit fell 46% to $387 million for the fiscal year 2011-12 as it took a $400-million mark-to-market hit on the volatile rupee, paid highest interest...
Vedanta expects double-digit growth
Notwithstanding the unfavourable conditions around, Vedanta still manages to project a positive picture in the market. India-focused miner Vedanta gave a sturdy outlook for commodity markets, bucking the trend among peers, even as aluminium losses, a weak rupee and higher interest payments hit...
Vedanta loses out on safety
Vedanta gets involved in another controversy again as it loses on a safety award by UK on account of a death at the site. The British Safety Council on Monday announced the suspension of its 2012 International Safety Award recently conferred on mining major Vedanta Aluminium Limited's Lanjigarh...
Centre asks Odisha to furnish report on Lanjigarh Vedanta project
THE CENTRE has asked the Odisha government to furnish the physical verification report on diversion of forestland for the expansion of the Vedanta alumina project and its captive power plant at Lanjigarh in Kalahandi district. It was on this ground that the Centre had earlier stopped Vedanta’s 2...
Sesa Goa shareholders to meet on June 19 to decide on Sterlite merger
Sesa Goa said its shareholders will meet on June 19 for approving the proposed merger of Sterlite Industries and other group firms as announced by its parent firm Vedanta Resources in February. "A meeting of the equity shareholders of Sesa Goa is being convened and will be held on June 19, 2012,...
China's Shenzhen Shandong moves Bombay High Court against Vedanta
Shenzhen Shandong Nuclear Power Construction Company has moved the Bombay High Court seeking invocation of the 30-crore bank guarantee provided by Vedanta Aluminium for machinery purchase. A bench comprising Chief Justice Mohit Shah and Justice NM Jamdar directed that the bank guarantee funds be...
