Lanjigarh

Vedanta Plans US$300 MM In Capital Expenditures In Current Fiscal Year

Vedanta Plans US$300 MM In Capital Expenditures In Current Fiscal Year

India’s premier aluminium smelter Vedanta Ltd. plans to spend US$300 million during the current fiscal year. This is according to comments made to domestic media by Vedanta Aluminium’s Chief Executive Officer Ajay Kapur last week. “Our most significant expansion will be at...

Events

Vedanta Pushes Alumina Production Cost To Record Low In Previous Quarter

Indian metals miner Vedanta Ltd produced alumina at the lowest cost in two years during the prior quarter, with the cost per metric ton falling by 17 percent to US$284. In an investor presentation prepared on the first quarter of fiscal year 2020, Vedanta said better bauxite sourcing from the government via Odisha Mining Corporation […]

Nalco Appeals Order To Allow Vedanta To Purchase Alumina To India’s Supreme Court

India’s state-run aluminium producer National Aluminium Company Limited (Nalco) has appealed an order by the Odisha High Court ordering it to allow privately-held metals firm Vedanta Ltd. from attempting to purchase surplus aluminium from it. Nalco formally registered its appeal to the Supreme Court late last week, asking the judicial body to require London-based Vedanta […]

Vedanta Produced 1.95 Million Metric Tons Of Primary Aluminium In FY ‘19

With an aluminium output of 1.95 million metric tons in the previous fiscal year, Vedanta Ltd. moved into the pole position for aluminium production among India’s smelters, bumping previous leader Hindalco out of the prime spot. Vedanta’s overall production grew by 17 percent on the year, besting its previous total of 1.67 million metric tons. […]

Violent Protests Claim Two Lives At Vedanta’s Lanjigarh Alumina Refinery

Protests outside a Vedanta alumina refinery in Lanjigarh turned deadly on Monday, as a police officer and a protester were fatally injured in the course of demonstrations at the plant. “Two people have died – one of our Odisha industrial security force personnel and another one from the public,” said senior police officer Gupteswar Bhoi […]

Analysts Predict Strong Year Ahead For India’s Bauxite Production

Though pressures from tightening environmental regulation and push-back from certain local tribal entities may work to slow it, analysts expect India’s bauxite sector to continue to grow by leaps and bounds in the months and years ahead. In a report released earlier this week by Fitch Ratings Inc.’s analyst branch Fitch Solutions Macro Research, the […]