Vedanta Resources plc

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

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...

Events

Odisha Mining Deal May Lead to Bauxite Stream for Vedanta’s Lanjigarh Refinery

London’s Vedanta Resources plc’s project in Odisha may have won some breathing room as the state’s government has sealed a deal to allow state-owned firm Odisha Mining Corporation to access the bauxite reserves in Kodingamali bauxite mines. Vedanta has had difficulty obtaining a steady supply of raw materials for Lanjigarh alumina refinery after the Niyamgiri […]

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 […]

India to Follow Global Trend of Lowered Taxes on Aluminium: Vedanta’s Agarwal

Vedanta Chairman Anil Agarwal expressed a hopeful attitude about the prospects of the domestic and global aluminium trade in an interview with domestic media published earlier this week. When asked whether tax rebates and long-term gains would be realized after demonetization takes hold in the sector, Agarwal indicated that such positives had already come to […]

Nalco Considering Sale of Alumina to Vedanta

India’s National Aluminium Company (Nalco) may finally be given the green light to sell alumina to private-sector rival Vedanta plc, as the Indian government has requested the state-owned firm to look into sales of the aluminium precursor to the London-based miner. Both Nalco and Vedanta operate refineries and smelters in the eastern state of Odisha, […]

Indian Government Declines Imposing Safeguard Duty on Imported Aluminium

The Indian government has decided against imposing import safeguards against overseas aluminium. According to the announcement, made on Tuesday, the government did not find sufficient evidence that imported aluminium impacts the domestic aluminium industry’s bottom line. The Directorate General of Safeguards, which is the branch of the finance ministry charged with making such determinations, said […]