Vedanta Ltd.

Record Aluminium Production Among Highlights of Strong Quarter for Vedanta Ltd.

Record Aluminium Production Among Highlights of Strong Quarter for Vedanta Ltd.

Mumbai metals miner Vedanta Limited released results for the second quarter of FY 2018 last week. Results were positive across the board, including those of its aluminium operations. The firm reported net sales of ₹21,520 crore in the just-ended quarter, up 37...

India’s Aluminium Firms Register Protest Against Odisha’s Massive Hike in Power Duty

Indian aluminium giants National Aluminium Company Limited (Nalco), Vedanta Resources plc, and Hindalco Industries Ltd. have joined in a petition to the state government of Odisha seeking revocation of a recent gargantuan hike in the state’s power duty that they say has had a tremendous negative impact upon production costs. Odisha’s power duties have risen […]

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 […]

Vedanta’s Agarwals to Launch Aluminium By-Product Recycling Firm

India’s Agarwal family is hard at work on another foray into the metals industry. Naivedya and Annanya are working on their second start-up in the sector dedicated to utilizing technology developed in Bahrain that converts waste aluminium into value-added products. The enterprise, which is named Runaya Refining LLP, will be led by the sons of […]

Vedanta Sets Aluminium Production Records in Fourth Quarter and Full Year of Fiscal 2017

London-based metals firm Vedanta Resources plc released numbers for the fourth quarter and full year of fiscal 2017 yesterday, boasting of record annual production levels in primary aluminium, among other products. Vedanta’s total aluminium production for the fourth quarter came to 353 thousand metric tons, a 56% increase year-on-year over the previous Q4’s total of […]