Vedanta Resources plc

Vedanta to Refocus Operations in Odisha

Vedanta to Refocus Operations in Odisha

After investing US$7.5 billion in establishing an alumina refinery and an aluminium smelter and associated power facilities in the region, Vedanta Resources plc announced late last week that it is shifting its focus in the state of Odisha. “For us, the Niyamgiri chapter...

Vedanta to Bid on Indian Coal Mines in Upcoming Government Auction

Indian metals and mining company Vedanta Resources plc is planning to make a bid for more coal mines to fuel its aluminium smelters as they go up for auction. The Indian government plans to hold a fourth round of auctions in the near future, though no date has yet been announced. Finding reliable sources of […]

Indian Aluminium Firms Renew Call for Tariffs After Action on Imported Steel

India’s aluminium manufacturers continue to lobby their government for protection against low-price imports this week. Representatives from domestic aluminium firms are asking government officials to establish a minimum import price to help stave off what the firms consider dumping from several countries, not the least of which is the People’s Republic of China. “The government […]

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 […]