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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SC refuses early hearing to Orissa govt on Vedanta case
The Supreme Court today refused to accord an early hearing to Orissa government's plea challenging the Centre's decision to withdraw environmental clearance given to Vedanta group firm Sterlite for its bauxite mining project in Niyamgiri Hills. Brushing aside the state government's plea for an...
TEXT-'Fitch AA(ind)(SO)' for Vedanta Aluminium's Enhanced Loan
Fitch Ratings has assigned India-based Vedanta Aluminium Ltd's (VAL) INR61.5bn project finance facility a rating of 'Fitch AA(ind)(SO)'. The facility is fungible between letters of credit and rupee term loans. The total project finance facilities rated (including the above) aggregate to INR161.5bn....
After Jairam, Vedanta in a patch-up mode with MoEF
Withdraws petition from green tribunal, makes fresh plea for Lanjigarh project. Nearly a month after Jairam Ramesh took over as the rural development minister, the Vedanta Group is trying to patch up with the Ministry of Environment & Forests (MoEF) to get its projects fast-tracked. Vedanta...
SC issues notice to environment ministry on mining in Niyamgiri
The Supreme Court on Monday issued a notice to the MoEF on a petition by the Orissa Mining Corporation accusing Jairam Ramesh of withdrawing environment clearance to Vedanta for bauxite mining in Niyamgiri hills just a day before he was taken out of MoEF.
Vedanta Aluminum to complete aluminum smelter and power plants
Vedanta Aluminum Limited will invest about INR 100 billion to complete its aluminum smelter and power plants at Jharsuguda. The company has so far invested around INR 40,000 crore in its Lanjigarh and Jharsuguda projects in Orissa. It has set up Greenfield alumina refinery with a capacity of 1...
Vedanta Resources announces aluminum production of Q1 2011
Vedanta Resources Plc announced aluminum production for the Q1 ended June 30th 2011. Aluminum production was 23% higher at 173,000 tonnes in Q1 FY2011 to 2012 as compared with the corresponding prior quarter primarily due to 46% higher production at the 500 kilo tonne per annum Jharsuguda-I...
Indian smelter
Vedanta Aluminium Ltd (VAL) will invest about INR100bn ($2.2bn) to complete its aluminium smelter and power plants at Jharsuguda.
Vedanta earns record $1,055 mn in Q1 FY12
London based Vedanta Resources PLC has earned a record $ 1,055 million in first quarter ended 30 June 2011.
Vedanta Q1 aluminium output up 46%; iron ore output falls
Aluminium production was 23% higher at 173,000 tonnes in Q1 FY2011-12 ascompared with the corresponding prior quarter primarily due to 46% higher production at the 500 ktpa Jharsuguda-I smelter. The Korba-II smelter continues to operate at its rated capacity. Due to a power outage at the...
Vedanta Q1 aluminium output up 46%; iron ore output falls
Aluminium production was 23% higher at 173,000 tonnes in Q1 FY2011-12 ascompared with the corresponding prior quarter primarily due to 46% higher production at the 500 ktpa Jharsuguda-I smelter. The Korba-II smelter continues to operate at its rated capacity. Due to a power outage at the...
Accumulate Sterlite Ind; target of Rs 203: Emkay
Emkay Global Financial Services is bullish on Sterlite Industries (India) and has recommended accumulate rating on the stock with a target of Rs 203 in its July 25, 2011 research report. “Base metals prices though slipped slightly on QoQ maintained fair strength during the quarter. This supported...
Sterlite Industries
Improved performance on higher volumes and realizations Sterlite Industries reported impressive results for the quarter ended June 2011 with a 63% increase in bottomline on a consolidated basis at Rs. 1639.73 crore on a 66% increase in topline at Rs. 9860.70 crore backed by higher metal prices and...
Vedanta bosses clash with protesters over pollution and human rights
Anger erupted inside and outside Vedanta's annual meeting on Wednesday as campaigners protested against the mining company's environmental and human rights record. Scores of people picketed the building where the gathering was being held in London and chanted slogans against the firm, which has...
Sterlite Posts Higher Net Profit, Sales On Rise In Metals Prices
Sterlite's aluminum production fell to 61,000 tons in April-June from 63,000 tons, though higher product prices boosted gross profit to INR1.91 billion compared with INR840 million in the year-ago period. Average aluminum prices increased to $2,600 per ton in April-June, compared with $2,092 per...
Vedanta Resources may face investor ire over bonuses to top three
Billionaire Anil Agarwal may face problems on July 27 when he addresses shareholders at the annual general meeting of his London-listed mining company Vedanta Resources. The UK-based pension fund advisory PIRC and Aviva Investors, a shareholder in Vedanta, have urged members to oppose the...
Vedanta under fire from Amnesty international over human rights
Aviva Investors will oppose remuneration report over doubts about Vedanta's corporate social responsibility Amnesty International has launched a scathing attack on Vedanta, accusing the London-listed Indian miner of disregarding human rights and failing to protect the environment. The criticism...
Srikant Jena seeks CBI probe into mining scam
Union minister and senior Congress leader Srikant Jena on Sunday said the Orissa government should immediately order CBI probe into the multi-crore mining scam in the state to probe its “honesty.” The minister also pleaded for cancellation of the controversial Orissa Mining Corporation-Vedanta...
No environment clearance for Vedanta, Centre tells green tribunal
Vedanta's environment clearance to mine the Niyamgiri hills has been withdrawn as the rejection of forest clearance had made the green nod 'inoperable and infractuous', the environment ministry told the National Green Tribunal on Thursday while indicating that the environmental clearance in itself...
