Anil Agarwal

Vedanta Plans Capacity Increase To 1.8 Million MTPA At Lanjigarh Alumina Refinery In Coming Fiscal Year

Vedanta Plans Capacity Increase To 1.8 Million MTPA At Lanjigarh Alumina Refinery In Coming Fiscal Year

Indian aluminium producer Vedanta said last week it expects to ramp up production at its Lanjigarh alumina refinery by 300 thousand metric tons per annum in the coming fiscal year. The firm said it plans to ramp up the site’s existing capacity...

Vedanta Awarded Twin Bauxite Mines by Odisha Government

In a move that could help boost Vedanta Resources plc’s chronically anemic bottom line, the state of Odisha has awarded the firm two bauxite mines with combined expected output of 15 million metric tons per annum. The mines are projected to satisfy ¾ of the company’s bauxite demand of 20 million metric tons per annum. […]

A Rising Tide in the Global Aluminium Market Lifts Vedanta’s Boat in FY2017

London-based Indian metals and mining firm Vedanta Resources plc released full-year results for the fiscal year ending in March. The firm says its strong numbers reflect an ever-strengthening commodities market in addition to operational efficiencies. The firm’s revenue increased to US$11.5 billion year-on-year, which was 7% above last fiscal’s total of US$10.7 billion, largely on […]

Metal Prices Could Rise by Fifteen Percent: Vedanta’s Agarwal

Chairman of Vedanta Resources plc Anil Agarwal expressed optimism in the future of the aluminium market in an interview published earlier this week. Agarwal indicated that the country’s recent demonetization push, which has seen the government withdraw 86% of the country’s money supply by value, has presented a challenge to the company, but was not […]