Expected Tepid Response Delays Odisha’s Auction Of Bauxite Blocks
Despite residing above over half the country’s total known bauxite reserves, the Odisha government has yet to place a single...
According to numbers for the just-ended quarter, metals miner Vedanta refined more alumina at a lower cost than previous quarters thanks to an increased reliance on domestic bauxite sources. In a presentation to investors earlier this week, Vedanta said it was able...
Despite residing above over half the country’s total known bauxite reserves, the Odisha government has yet to place a single...
Indian metals miner Vedanta Ltd produced alumina at the lowest cost in two years during the prior quarter, with the...
With an aluminium output of 1.95 million metric tons in the previous fiscal year, Vedanta Ltd. moved into the pole...
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 […]
In preparation of the ramp-up of its Lanjigarh alumina refinery, Indian metals titan Vedanta Ltd plans between US$250 million and US$300 million of capital expenditures in the next fiscal year. Per domestic reporting, the firm intends to recover the capex spent next fiscal year, which begins on April 1, over the course of the following […]
India’s metals conglomerate Vedanta Ltd. announced late last week its intention to bump up alumina production from its refinery in Lanjigarh from its current total of 1 million metric tons per annum to a yearly run of 6 million metric tons now that its proposal for same has been approved by Odisha’s High-Level Clearance Authority […]
Indian aluminium producer Vedanta Ltd. has received the long-awaited stream of bauxite ore from Odisha Mining Corporation (OMC), paving the way for its plans to complete its expansion of its alumina refinery at Lanjigarh. According to domestic media, Vedanta received the maiden bauxite shipment from OMC earlier this week. Vedanta Limited’s External affairs (Head) Sanjeev […]
The results of Odisha Mining Corporation’s (OMC) first-ever bauxite auction were a boon for Vedanta, who finally secured a steady stream of affordable bauxite ore for its refinery at Lanjigarh. The deal is currently projected to have OMC providing 800 thousand metric tons of bauxite to Vedanta over the course of the current financial year […]
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