Vedanta rises as its aluminium business supplies first consignment of fly ash to ACC Cement
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Vedanta is currently trading at Rs. 434.65, up by 4.40 points or 1.02% from its previous closing of Rs. 430.25 on the BSE.
The scrip opened at Rs. 432.00 and has touched a high and low of Rs. 435.45 and Rs. 430.20 respectively. So far 79471 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 437.30 on 07-Apr-2022 and a 52 week low of Rs. 209.80 on 12-Apr-2021.
Last one week high and low of the scrip stood at Rs. 437.30 and Rs. 404.20 respectively. The current market cap of the company is Rs. 160657.34 crore.
The promoters holding in the company stood at 69.69%, while Institutions and Non-Institutions held 19.51% and 9.36% respectively.
Vedanta's aluminium business has supplied its first rake consignment of 4,000 tonnes of fly ash from Jharsuguda unit to one of the plants of ACC Cement for the production of low-carbon cement. The move which is a part of the company's waste-to-wealth initiative will ensure utilisation of an industrial by-product like fly ash in circular avenues.
Fly ash is a by-product of the coal-based thermal power generation unit which caters to electricity requirement of Vedanta's aluminium smelters at Jharsuguda. Fly ash can be utilised for improving product quality, conserving energy, water and other valuable resources and reducing the industry's carbon footprint.
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.
