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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Govt to retain its stake in Balco for now
An Empowered Group of Ministers (EGoM) today decided to maintain status quo with regard to its remaining 49 percent stake in aluminium maker Balco. Vedanta Group firm Sterlite Industries holds 51 percent stake in Balco. According to sources, Vedanta chief Agarwal had written a letter to Prime...
Vedanta mining and refinery clearance
MoEF(India's Ministry of External Affairs) has rejected the forest clearance for Niyamgiri Mining lease of Orissa Mining Corporation (OMC) which is one of the sources of supply of Bauxite to the alumina refinery of Vedanta Aluminium (VAL), an associate of the Company. OMC has filed a petition in...
REFILE-UPDATE 3-Vedanta H1 hurt by aluminum losses
Losses in its aluminium business and a weakening Indian rupee hit India-focused miner Vedanta Resources' half-year profits, outweighing the effect of higher revenue across the group. Vedanta said its underlying attributable profit dropped more than 34 percent to $186.3 million, below expectations...
TEXT-Fitch rates VAL's bank loan at 'Fitch AA(SO)(ind)'
Fitch Ratings has assigned India-based Vedanta Aluminium Ltd's (VAL) USD500m term loan a rating of 'Fitch AA(ind)(SO)'. The rating reflects the unconditional and irrevocable guarantee provided by VAL's ultimate parent - the UK-based Vedanta Resources Plc ('BB+'/Stable) - for the debt. The guarantee...
Sterlite Ind Q2 net down marginally at Rs 997.78 cr
Vedanta group firm Sterlite Industries today reported a little over one per cent decline in consolidated net profit at Rs 997.78 crore for the quarter ended September 30, largely due to foreign exchange losses. The company had reported a net profit of Rs 1,008.03 crore for the corresponding quarter...
Nine companies in dock for Rs 3,164 cr sales tax evasion
Nine steel and aluminium companies operating in the state have been found to have defaulted on sales tax evasion worth Rs 3,164 crore, according to a report by Special Investigation Team of the State Vigilance. The defaulters' list includes Vedanta Aluminium Ltd (VAL), Bhushan Power & Steel Ltd,...
Vedanta Q2 aluminium output falls
Vedanta Resources Plc fiscal Q2 output at its Tuticorin smelter rose 28% while aluminum production fell 8%. Vedanta said that aluminum output fell 8% to 149,000 tonnes. London based Vedanta is in the final stage of completing its purchase of a majority stake in Cairn India Limited which will give...
India's aluminium sectors seek spot coal
Several tenders and enquiries for imported spot thermal coal about to be awarded by Indian end-users are expected to show low prices due to the high levels of stocks at ports, Indian traders said. India has over 12 million tonnes of thermal coal in stockpiles at its dozen or so coal importing...
Bauxite project hurdles
India, endowed with the world’s fifth largest bauxite deposits and the fourth largest coal reserves, has emerged as a preferred place for making aluminium. Within the country, Orissa is where every aluminium maker wants a presence. That is why the Vedanta group, in spite of being solidly anchored...
Infra hurdles & growth needs
It is not a day too soon that Prime Minister Manmohan Singh felt the need to involve himself in sorting ministerial differences on implementation of major infrastructure and industry-related projects. With such projects not getting commissioned on schedule, the 12th Plan (2012-17) growth target of...
Vedanta's aluminium project in Orissa gets green nod
The ministry of environment and forests has cleared Vedanta Aluminium’s project in Lanjigarh, Orissa. The expansion of Anil Agarwal-led Vedanta Aluminium's four million tonne Lanjigarh refinery plant in Kalahandi had been put on hold by the Union Environment Ministry on October 21, 2010. In July...
Vedanta's refinery expansion plan suffers another setback
Vedanta has suffered another setback in its fight-back to expand the aluminium refinery in Orissa after the Union environment ministry had struck down its environment clearance for violations. The Cuttack bench of the Orissa High Court backed the environment ministry and ordered that Vedanta would...
Bauxite Reserves and further mining
Even if we have three billion tonnes of bauxite reserves, the fact is these resources are still finite. Moreover, the experiences of Vedanta in trying to open bauxite mines in the Niyamgiri hills are, to say the least, disheartening. Former mines minister B K Handique had an occasion to say that...
Orissa: Vedanta joins hands with govt. to fight Dengue in Kalahandi
The recent causality by Dengue outbreak in Orissa is frowning upon with several deaths being reported from various places of the state. Though not as grim as in the most affected areas like Anugul and Jharsuguda, the situation in Kalahandi–one of the backward areas of the country–does not speak a...
Vedanta did not pay water bills: Orissa
Vedanta Aluminum Ltd (VAL), already struggling to get environment and forest clearances for its Orissa projects, is now faced with a new challenge. The state government’s water resources department has alleged the company’s Jharsuguda unit has not paid Rs 10.94 crore of its bills, since 2008....
Vedanta to focus on Jharsuguda smelter plant expansion
With the 5 million tonne Greenfield Lanjigarh aluminum refinery plant expansion on hold, the Anil Agarwal led Vedanta Aluminum has decided to focus on completing its aluminum smelter plant at Jharsuguda in Orissa to achieve its targeted capacity of 1.75 million tonnes. Mr Mukesh Kumar president &...
Vedanta Aluminium bagged the Think Odisha Leadership Award 2011
Vedanta Aluminium Limited was the proud recipient of the Think Odisha Leadership Award for “Child Development and Employment Generation” at the recently concluded 4th Interface Asia Corporate Social Responsibility Forum-2011, hosted by Frame CSR, a joint initiative by The Times of India Group and...
Vedanta's Alumina Refinery at Lanjigarh in Orissa gets ISO 50001:2011 Certification
Vedanta Aluminium Limited, (VAL), an Associate Company of the globally diversified, metals and mining group Vedanta Resources PLC. became the first Mining & Metal Industry in the country to get accreditation for its Energy Management System for ISO 50001:2011 from the British Standards Institution,...
