Vedanta Resources plc

India’s Vedanta Looking for Quick, Stable Bauxite Supply for Operations in Odisha

India’s Vedanta Looking for Quick, Stable Bauxite Supply for Operations in Odisha

Mumbai miner Vedanta Resources plc is in search of a quick infusion of domestic bauxite resources these days. The firm is planning to raise alumina production at its Lanjigarh refinery in Odisha’s Kalahandi district by 50 percent over the short term. “We...

Events

Larsen & Toubro Close to Winning Mining Rights to Odisha Bauxite Reserves

Indian multi-national conglomerate Larsen & Toubro (L&T) is close to securing mining rights over the 300 million metric tons of ore in the Kutrumali and Sijimali bauxite deposits in Odisha, India. L&T currently holds the prospecting license (PL) over both deposits and, under the new Mines and Minerals (Development & Regulation) MMDR Act, the Mumbai […]

Indian Government Abandons Plan to Implement Tariff on Unwrought Aluminium

Due to protectionism criticisms for tariffs levied on imported steel, India has shelved a plan to impose a 5% provisional safeguard duty on unwrought aluminium. Such a tariff would affect imports from countries like United Arab Emirates, Malaysia, Russia, South Africa, Oman, Qatar, Bahrain, and Thailand. The Directorate General of Safeguards recommended the tariff on […]

Balco to Implement Modernization Plan to Increase Output to 1 MTPA

Citing a rally in the worldwide aluminium market, India’s Bharat Aluminium Company Limited (Balco) announced plans last week to boost production to one million metric tons per annum. The firm, which is a subsidiary of Vedanta Resources plc, has put off the production increase, which was planned for 2013. The proposal is for Balco to […]