Vedanta Pondering Purchase Of Government Stake In Two Co-Owned Mineral Firms
Anil Agarwal’s Vedanta Ltd. is considering buying a majority share in Bharat Petroleum Corporation Limited (BPCL) and the remaining share...
Vedanta
Vedanta To Deploy GE’s Digital Smelter Technology At Jharsuguda Aluminium Smelter
London-based metals miner Vedanta Ltd. and American multinational conglomerate General Electric Company (GE) jointly announced yesterday that they have agreed to place GE’s digital smelter technology in Vedanta’s Jharsuguda smelter in an effort at improving the site’s productivity and efficiency. The partnership...
Vedanta Plans Flat-Rolled Aluminium Plant For Eastern India
A top official at Indian aluminium smelter Vedanta told local media this week that his firm plans to enhance its...
Vedanta’s Jharusguda Plant Has Its Sights Set On Captive Bauxite And Coal Resources: Incoming CEO Singh
In order to remain among the world’s cheapest producer of aluminium, Vedanta Ltd. is working toward having its own captive...
Events
Vedanta To Open India’s First Primary Foundry Alloy For Aluminium Alloy Wheels
Indian aluminium smelter Vedanta Ltd. announced last week the launch of its Primary Foundry Alloy (PFA) which it will utilize to produce aluminium alloy for India’s automotive sector. Making the announcement at last week’s 59th Society of Indian Automobile Manufacturers (SIAM) Annual Convention 2019, Vedanta’s dedicated 240 thousand metric ton per annum aluminium alloy foundry […]
Expected Tepid Response Delays Odisha’s Auction Of Bauxite Blocks
Despite residing above over half the country’s total known bauxite reserves, the Odisha government has yet to place a single block up for online auction to date. According to experts, state officials have thus far backed away from auctioning the blocks over concerns that the bauxite ore outcroppings will not draw the sort of significant […]
Vedanta Plans To Leverage Coal Security Into Lower Aluminium Production Costs: CEO Venkatakrishnan
Vedanta Ltd’s capacity expansion will be done while keeping the goal of cost control at the forefront of the process. Such was the message delivered by the firm’s CEO Srinivasan Venkatakrishnan in an interview with financial media earlier this week. “Any expansion plans, we will do it with the strictest capital discipline and balance sheet […]
Vedanta To Export Over Half Its Output As India’s Aluminium Imports Continue To Rise
Even as India’s aluminium imports continue to rise, Vedanta Ltd. plans to increase its exports of the metal. Such was the message from a company officer who spoke with domestic media earlier this week. In the current fiscal year the firm plans to send over half its primary aluminium production overseas. As India’s premier aluminium […]
Vedanta Pushes Alumina Production Cost To Record Low In Previous Quarter
Indian metals miner Vedanta Ltd produced alumina at the lowest cost in two years during the prior quarter, with the cost per metric ton falling by 17 percent to US$284. In an investor presentation prepared on the first quarter of fiscal year 2020, Vedanta said better bauxite sourcing from the government via Odisha Mining Corporation […]
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders and industry experts from all over the world to hear and exchange information on latest developments related to base metals and their ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
International Aluminium 2019 Conference – Key Takeaways
The FastmaketsMB aluminium conference is the sequel to the Metal Bulletin aluminium conferences, which have traditionally been one of oldest ...
