Vedanta Resources plc

Record Aluminium Production Provide Upward Tug for Vedanta Resources’ First-Half Financials

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...

Events

Vedanta Limited Named to Top 100 of Nikkei’s Asia300

Vedanta Limited announced last Thursday that it is among the top one hundred firms in Nikkei Asian Review’s latest Asia300 list. According to the firm, Nikkei Asian Review selects the list based upon criteria including growth, profitability, efficiency, and financial soundness, all of which are judged using earnings numbers for the latest financial year. “It […]

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 […]