Vedanta rises as its Aluminium Business gets ASI Performance Standard Certification
Vedanta is currently trading at Rs. 285.85, up by 2.15 points or 0.76% from its previous closing of Rs. 283.70 on the BSE.
The scrip opened at Rs. 286.00 and has touched a high and low of Rs. 287.25 and Rs. 283.85 respectively. So far 98240 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 352.90 on 10-May-2022 and a 52 week low of Rs. 206.10 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 287.95 and Rs. 274.10 respectively. The current market cap of the company is Rs. 106126.03 crore.
The promoters holding in the company stood at 68.11%, while Institutions and Non-Institutions held 18.16% and 13.73% respectively.
Vedanta Aluminium, a business of Vedanta, has achieved the ASI Performance Standard V2 (2017) Certification at its smelter located within the Special Economic Zone at Jharsuguda, Odisha, India. The company was certified for the manufacture of all primary aluminium products in the form of billets, wire rods, primary foundry alloys (PFA), ingots and sow ingots, as well as its 'Restora' brand of low-carbon aluminium products.
The ASI Certification program was developed through an extensive multi-stakeholder consultation process and is the only comprehensive voluntary sustainability standard initiative for the aluminium value chain. The ASI Performance Standard V2 (2017) defines environmental, social and governance principles and criteria, with the aim to address sustainability issues in the aluminium value chain. It sets out 59 criteria under the three sustainability pillars of Environment, Social, and Governance, which address key issues such as biodiversity, labour rights, Indigenous Peoples rights, and greenhouse gas emissions.
Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.