Vedanta Pondering Purchase Of Government Stake In Two Co-Owned Mineral Firms
Anil Agarwal’s Vedanta Ltd. is considering buying a majority share in Bharat Petroleum Corporation Limited (BPCL) and the remaining share...
Anil Agarwal
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...
Plight Of India’s Downstream Aluminium Sector Overshadowed By “Selfish” Primary Producers: ASMA’s Agarwal
Responding to a news brief published by Aluminium Insider last month, Aluminium Secondary Manufacturers Association (ASMA) patron Anil Agarwal emailed...
AAI’s Call For Limits on Aluminium Imports Favor Big Smelters At SMEs’ Expense – ASMA
An Indian association of secondary aluminium manufacturers issued a scathing rebuke to comments made last week by the Aluminium Association...
Events
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. […]
Record Aluminium Production Provide Upward Tug for Vedanta Resources’ First-Half Financials
London-based Indian metals miner Vedanta Resources plc announced results for the first six months of their current fiscal year on Thursday. Record aluminium production helped propel the company’s bottom line above numbers posted the previous fiscal year. Revenue in the half totaled US$6.8 million, up 39 percent year-on-year from last year’s first-half total of US$4.9 […]
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 […]
Streamlined Administration Key to Unlocking India’s Natural Resources Wealth: Vedanta’s Agarwal
Vedanta Resources Plc chairman Anil Agarwal believes the key to harnessing and properly utilizing India’s vast wealth of natural resources involves establishing a national ministry dedicated to managing it. Agarwal went on record by writing an op-ed on the subject that was published by The Indian Express on Monday. He argued that India’s natural resources […]
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 […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
