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Hindalco surges on planning to invest Rs 4,000 crore in extrusion, copper & e-waste recycling facilities Hindalco Industries is currently trading at Rs. 463.40, up by 13.20 points or 2.93% from its previous closing of Rs. 450.20 on the BSE. The scrip opened at Rs. 455.00 and has touched a high and low of Rs. 465.30 and Rs. 453.05 respectively. So far 147211 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 504.00 on 18-Jan-2023 and a 52 week low of Rs. 358.80 on 28-Sep-2022. Last one week high and low of the scrip st...
Hindalco surges on planning to invest Rs 4,000 crore in extrusion, copper & e-waste recycling facilities
Hindalco surges on planning to invest Rs 4,000 crore in extrusion, copper & e-waste recycling facilities
Source: Accord Fintech
23/08/2023 12:00:52 PM
Vedanta appoints John Slaven, former COO of Alcoa, as CEO for Aluminium Business Vedanta Limited today announced the appointment of former Alcoa COO, John Slaven, as the Chief Executive Officer for its Aluminium Business, effective October3, 2023. Vedanta Limited is the largest producer of aluminium in India. Alcoa, a leading American multinational corporation is the sixth largest producer of aluminium in the world by capacity. John Slaven is a reputedglobal leader who has also worked in key executive roles in the Australian mining and metals major BHP and with The Bos...
Vedanta appoints John Slaven, former COO of Alcoa, as CEO for Aluminium Business
Vedanta appoints John Slaven, former COO of Alcoa, as CEO for Aluminium Business
Source: PR Agency
11/08/2023 12:43:11 PM
Indian government may delay Hindustan Zinc share sale - sources The Indian government may postpone its plans to sell its stake in Hindustan Zinc until a turnaround in the industry's fortunes, following advice from merchant bankers, two government sources told Reuters. The government though, still hopes to push through the long-delayed sale this financial year, one of the sources said. The government plans to sell its over 29% stake in tranches, starting with the sale of about 5% stake. Vedanta Group holds a 64.9% stake. Hindustan Zinc's s...
Indian government may delay Hindustan Zinc share sale - sources
Indian government may delay Hindustan Zinc share sale - sources
Source: Accord Fintech
19/07/2023 12:07:56 PM
India's Hindalco Q4 profit drops 37%; sees strong demand ahead India`s Hindalco Industries, one of the country's largest aluminium and copper producers, reported a 37.4% drop in fourth-quarter profit on Wednesday as expenses mounted. Consolidated net profit for the firm, the flagship metals producer of the Aditya Birla Group, fell to 24.11 billion rupees ($294.82 million) in the quarter ended March 31, compared with a profit of 38.51 billion rupees a year ago. Revenue from operations edged up a meagre 0.17% and was outpaced by a 4.6% rise in to...
India's Hindalco Q4 profit drops 37%; sees strong demand ahead
India's Hindalco Q4 profit drops 37%; sees strong demand ahead
Source: Reuters
24/05/2023 5:35:56 PM
European Union adopts 2030 climate targets on carbon emissions European Union (EU) member states have adopted five new laws that will enable the bloc to cut greenhouse gas emissions within the main sectors of the economy, including maritime transport and the aviation industry. The legislation is part of the EU's main climate action package, called "Fit for 55", which aims to reduce greenhouse gas emissions by at least 55 per cent by 2030 compared to 1990 levels, reports Xinhua news agency. The vote in the Council of the EU is the fina...
European Union adopts 2030 climate targets on carbon emissions
European Union adopts 2030 climate targets on carbon emissions
Source: IANS
26/04/2023 11:26:24 AM
Turmeric trading range for the day is 6764-6908 - Kedia Advisory Gold Gold yesterday settled up by 0.2% at 60628 prompted by a falling dollar after the inflation report for the US surprised on the downside. The headline inflation eased to 5% compared to forecasts of 5.2% and the monthly rate increased 0.1%, half the market expectations. At the same time, core inflation edged higher to 5.6%, but was in line with forecasts. Investors still bet the Fed will deliver another 25bps hike next month but the softer inflation eased some concerns over the need of ...
Turmeric trading range for the day is 6764-6908 - Kedia Advisory
Turmeric trading range for the day is 6764-6908 - Kedia Advisory
Source: Kedia Advisory
13/04/2023 10:30:30 AM
Vedanta surges on reporting 1.01% growth in aluminium production during FY23 Vedanta is currently trading at Rs. 284.65, up by 2.25 points or 0.80% from its previous closing of Rs. 282.40 on the BSE. The scrip opened at Rs. 284.10 and has touched a high and low of Rs. 284.65 and Rs. 280.25 respectively. So far 568860 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 440.75 on 11-Apr-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. 28...
Vedanta surges on reporting 1.01% growth in aluminium production during FY23
Vedanta surges on reporting 1.01% growth in aluminium production during FY23
Source: Accord Fintech
5/04/2023 1:25:59 PM
Aluminium Outlook : The price of aluminum dropped to 5-week lows as a result of the selling sparked Says Mr. Saish Sandeep Sawant Dessai, Angel One Below is Quote on Aluminium Outlook by Mr. Saish Sandeep Sawant Dessai, Research Associate- Base Metals, Angel One Ltd After concluding the previous year with a sharp cut, 2023 appeared to be off to a bright start, as industrial metals soared in January, with aluminum, the light metal, reaching a seven-month high, with gains of a little over 14 percent. The up-move was fueled by bets that growth in China, the top metals consumer, would rebound from last year's slump. ...
Aluminium Outlook : The price of aluminum dropped to 5-week lows as a result of the selling sparked Says Mr. Saish Sandeep Sawant Dessai, Angel One
Aluminium Outlook : The price of aluminum dropped to 5-week lows as a result of the selling sparked Says Mr. Saish Sandeep Sawant Dessai, Angel One
Source: Angel One Ltd
22/02/2023 3:51:46 PM
Man Industries jumps on receiving new orders worth around Rs 500 crore Man Industries (India) is currently trading at Rs. 89.30, up by 1.70 points or 1.94% from its previous closing of Rs. 87.60 on the BSE. The scrip opened at Rs. 86.25 and has touched a high and low of Rs. 91.20 and Rs. 86.25 respectively. So far 14506 shares were traded on the counter. The BSE group 'B ' stock of face value Rs. 5 has touched a 52 week high of Rs. 106.70 on 04-Apr-2022 and a 52 week low of Rs. 69.55 on 11-May-2022. Last one week high and low of the scrip stood ...
Man Industries jumps on receiving new orders worth around Rs 500 crore
Man Industries jumps on receiving new orders worth around Rs 500 crore
Source: Accord Fintech
13/02/2023 1:36:32 PM
Vedanta trades higher on the BSE Vedanta is currently trading at Rs. 334.35, up by 12.50 points or 3.88% from its previous closing of Rs. 321.85 on the BSE. The scrip opened at Rs. 324.00 and has touched a high and low of Rs. 336.50 and Rs. 322.35 respectively. So far 500108 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 440.75 on 11-Apr-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. 3...
Vedanta trades higher on the BSE
Vedanta trades higher on the BSE
Source: Accord Fintech
31/01/2023 2:27:01 PM
India`s Vedanta profit plummets 41% on soft metal prices Indian metals-to-oil conglomerate Vedanta Ltd reported a near 41% drop in third-quarter profit on Friday, hit by a fall in commodity prices. The Anil Agarwal-led firm's consolidated net profit fell to 24.64 billion rupees ($302.33 million) for the quarter ended Dec. 31 from 41.64 billion a year earlier, Vedanta said in an exchange filing. Analysts had, on average, expected a profit of 20.67 billion rupees ($253.58 million), according to Refinitiv IBES data. Prices of zinc, alumin...
India`s Vedanta profit plummets 41% on soft metal prices
India`s Vedanta profit plummets 41% on soft metal prices
Source: Reuters
28/01/2023 12:36:24 PM
Hindalco Industries gains on raising Rs 700 crore via NCDs Hindalco Industries is currently trading at Rs. 497.10, up by 9.15 points or 1.88% from its previous closing of Rs. 487.95 on the BSE. The scrip opened at Rs. 487.95 and has touched a high and low of Rs. 499.50 and Rs. 487.95 respectively. So far 209534 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 636.00 on 29-Mar-2022 and a 52 week low of Rs. 309.00 on 20-Jun-2022. Last one week high and low of the scrip sto...
Hindalco Industries gains on raising Rs 700 crore via NCDs
Hindalco Industries gains on raising Rs 700 crore via NCDs
Source: Accord Fintech
18/01/2023 12:12:05 PM
Aluminium industry wants reduction in customs duty on raw material imports A reduction in customs duty on import of critical raw materials while a hike on the import of primary aluminium, aluminium scrap and other items and elimination of cess on coal are the budget wishlist of the Aluminium Association of India (AAI). In a letter to the Union Ministry of Finance, the AAI has requested the Indian government to reduce the basic custom duty and correction of inverted duty structure on critical raw materials like the calcined and raw petroleum coke, caustic soda lye...
Aluminium industry wants reduction in customs duty on raw material imports
Aluminium industry wants reduction in customs duty on raw material imports
Source: IANS
10/01/2023 3:25:58 PM
Aluminium futures rise on fresh bets Aluminium prices on Tuesday increased by 0.5 per cent to Rs 209.85 per kilogram in futures trade as speculators built up fresh positions amid a positive trend in the spot market. On the Multi Commodity Exchange, aluminium contracts for January delivery increased by Rs 1.05 or 0.5 per cent to Rs 209.85 per kg in a business turnover of 3,878 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
Aluminium futures rise on fresh bets
Aluminium futures rise on fresh bets
Source: Dion Global Solutions Ltd
28/12/2022 10:20:00 AM
Indian mining body seeks higher import tax on aluminium, zinc, copper products India's top mining industry body has sought higher import taxes on a slew of metals such as zinc, copper and aluminium to help halt the tide of cheaper imports, especially from China, according to a note sent to the government and seen by Reuters. The government should raise import taxes to 10%-15% on several aluminium products, including scrap to 10% from 2.5%, the Federation of Indian Mineral Industries (FIMI) said in the note addressed to India's Ministry of Finance. India...
Indian mining body seeks higher import tax on aluminium, zinc, copper products
Indian mining body seeks higher import tax on aluminium, zinc, copper products
Source: Reuters
11/11/2022 4:07:51 PM
Vedanta shines as its aluminium production increases by 2% to 584,000 tonnes in Q2FY23 Vedanta is currently trading at Rs. 276.70, up by 8.40 points or 3.13% from its previous closing of Rs. 268.30 on the BSE. The scrip opened at Rs. 278.00 and has touched a high and low of Rs. 280.85 and Rs. 274.50 respectively. So far 101763 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 440.75 on 11-Apr-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. 28...
Vedanta shines as its aluminium production increases by 2% to 584,000 tonnes in Q2FY23
Vedanta shines as its aluminium production increases by 2% to 584,000 tonnes in Q2FY23
Source: Accord Fintech
4/10/2022 10:03:43 AM
Vedanta trades higher on the BSE Vedanta is currently trading at Rs. 293.75, up by 16.10 points or 5.80% from its previous closing of Rs. 277.65 on the BSE. The scrip opened at Rs. 277.00 and has touched a high and low of Rs. 298.35 and Rs. 272.35 respectively. So far 2273642 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 440.75 on 11-Apr-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. ...
Vedanta trades higher on the BSE
Vedanta trades higher on the BSE
Source: Accord Fintech
14/09/2022 1:17:07 PM
Margins of domestic primary aluminium companies likely to shrink by 400-500 in Q2FY22: ICRA Owing to a twin onslaught of correction in aluminium prices and elevated input costs, rating agency Icra has said operating margins of the domestic primary aluminium companies are likely to shrink by 400-500 bps sequentially in the second quarter of 2022-23 (Q2FY23). It mentioned international prices of aluminium have corrected by around 38 per cent from the record high of around 3900/tonne US dollar in March. While in the first quarter of FY23 the average LME aluminium spot prices re...
Margins of domestic primary aluminium companies likely to shrink by 400-500 in Q2FY22: ICRA
Margins of domestic primary aluminium companies likely to shrink by 400-500 in Q2FY22: ICRA
Source: Accord Fintech
9/09/2022 11:05:05 AM
Hindalco Industries rises on the bourses Hindalco Industries is currently trading at Rs. 433.00, up by 4.20 points or 0.98% from its previous closing of Rs. 428.80 on the BSE. The scrip opened at Rs. 431.90 and has touched a high and low of Rs. 436.80 and Rs. 430.00 respectively. So far 107955 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 636.00 on 29-Mar-2022 and a 52 week low of Rs. 309.00 on 20-Jun-2022. Last one week high and low of the scrip sto...
Hindalco Industries rises on the bourses
Hindalco Industries rises on the bourses
Source: Accord Fintech
25/08/2022 5:31:17 PM
Hindalco Industries trades higher on partnering with Aequs in commercial aerospace sector Hindalco Industries is currently trading at Rs. 381.00, up by 5.90 points or 1.57% from its previous closing of Rs. 375.10 on the BSE. The scrip opened at Rs. 379.75 and has touched a high and low of Rs. 382.05 and Rs. 376.65 respectively. So far 161119 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 636.00 on 29-Mar-2022 and a 52 week low of Rs. 309.00 on 20-Jun-2022. Last one week high and low of the scrip sto...
Hindalco Industries trades higher on partnering with Aequs in commercial aerospace sector
Hindalco Industries trades higher on partnering with Aequs in commercial aerospace sector
Source: Accord Fintech
22/07/2022 3:58:11 PM
Growing usage of aluminium in the auto industry bolsters sustainability and safety Vedanta Aluminium, India's largest producer of aluminium, makes a case for 'green' aluminium at the recently held national webinar by Automotive Component Manufacturers Association (ACMA) of India. With its world class-aluminium smelters, metal expertise, global technology partnerships and deep R&D capabilities, Vedanta Aluminium has been a long-time partner to the auto industry, developing product solutions perfectly tailored to their evolving needs. The company is keen...
Growing usage of aluminium in the auto industry bolsters sustainability and safety
Growing usage of aluminium in the auto industry bolsters sustainability and safety
Source: IANS
18/07/2022 4:00:15 PM
Hindalco Industries, Phinergy and IOP partner on revolutionary Aluminium-Air batteries Hindalco Industries has signed MoU with Phinergy, a leading Israel-based pioneer in metal-air battery technology, and IOC Phinergy (IOP) - a joint venture between Phinergy and India's leading energy PSU Indian Oil Corporation. As per the MOU, Phinergy and IOP will partner exclusively with Hindalco in India, on R&D and pilot production of aluminium plates for Aluminium-Air batteries, and recycling of aluminium, after usage in these batteries. In the Aluminium-Air battery, developed ...
Hindalco Industries, Phinergy and IOP partner on revolutionary Aluminium-Air batteries
Hindalco Industries, Phinergy and IOP partner on revolutionary Aluminium-Air batteries
Source: Accord Fintech
18/07/2022 10:42:21 AM
Aluminium Article : It shown a sign of revival on the demand front By Mr. Saish Sandeep Sawant Dessai, Angel One Ltd Below is the Aluminium Article - June by Mr. Saish Sandeep Sawant Dessai,  Research Associate- Base Metals, Angel One Ltd Half of 2022 is over, where we have seen some wild swings in the metals sector. Aluminum, the light metal has declined by 8.36 percent (YTD as of 12th July) on the MCX and 16.10 percent on the LME. The escalation of geopolitical tensions between Russia and Ukraine crippled the supply chain causing aluminum prices to reach record highs in...
Aluminium Article : It shown a sign of revival on the demand front By Mr. Saish Sandeep Sawant Dessai, Angel One Ltd
Aluminium Article : It shown a sign of revival on the demand front By Mr. Saish Sandeep Sawant Dessai, Angel One Ltd
Source: Angel One Ltd
13/07/2022 3:01:01 PM
Bharat Forge soars on incorporating wholly-owned subsidiary Bharat Forge is currently trading at Rs. 639.90, up by 6.60 points or 1.04% from its previous closing of Rs. 633.30 on the BSE. The scrip opened at Rs. 634.00 and has touched a high and low of Rs. 641.10 and Rs. 631.35 respectively. So far 17869 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 848.00 on 10-Nov-2021 and a 52 week low of Rs. 595.85 on 08-Mar-2022. Last one week high and low of the scrip stood at Rs...
Bharat Forge soars on incorporating wholly-owned subsidiary
Bharat Forge soars on incorporating wholly-owned subsidiary
Source: Accord Fintech
13/07/2022 2:24:11 PM
Vedanta reports 3% increase in aluminium production in Q1FY23 Vedanta has reported a 3 per cent increase in its aluminium production to 5,65,000 tonnes in the April-June quarter of the ongoing fiscal (Q1FY23). The company had produced 5,49,000 tonnes of aluminium in the corresponding quarter of the previous fiscal. Mined metal production at Zinc India increased by 14 per cent to 2,52,000 tonnes due to higher ore production across all the mines and supported by better mill recovery. The production of saleable iron ore in Karnataka in the first quarter...
Vedanta reports 3% increase in aluminium production in Q1FY23
Vedanta reports 3% increase in aluminium production in Q1FY23
Source: Accord Fintech
5/07/2022 10:59:15 AM
Aluminium : Corrective selling pressure may continue while prices stay below Rs 248 - Geojit Financial Aluminium Aluminium future in Shanghai slipped to more than 6-month low Base metal complex were largely under pressure last week as global recessional fears left investors in the lurch and this market sentiments hit Aluminium prices as well. Slowing manufacturing activities in major economies along with aggressive scaling back of liquidity measures from major central banks across globe spooked worries that it could damage economic growth. Whereas demand in China still struggling to pic...
Aluminium : Corrective selling pressure may continue while prices stay below Rs 248 - Geojit Financial
Aluminium : Corrective selling pressure may continue while prices stay below Rs 248 - Geojit Financial
Source: Geojit Financial Services Ltd
20/06/2022 5:02:58 PM
Vedanta Aluminium's largest smelter reduces GHG emissions intensity by 12% in FY222 Vedanta Aluminium, India's largest producer of aluminium has declared that its largest aluminium smelter has substantially reduced its GHG, or greenhouse gas emissions intensity (carbon footprint), by around 12 per cent in FY22 over theprevious fiscal, while increasing production volume by 20 per cent . On World Environment Day, Vedanta Aluminium committed to reduce GHG emissions intensity by 25 per cent by 2030, over FY21 baseline, as part of its climate action endeavours. Historic...
Vedanta Aluminium's largest smelter reduces GHG emissions intensity by 12% in FY222
Vedanta Aluminium's largest smelter reduces GHG emissions intensity by 12% in FY222
Source: IANS
6/06/2022 4:12:26 PM
Government decides not to impose countervailing duty on certain aluminium products from Malaysia The government has decided not to impose countervailing duty on certain aluminium products being imported from Malaysia, as the finance ministry has not accepted the recommendations of the directorate general of trade remedies (DGTR). The commerce ministry's investigation arm DGTR had conducted a probe into alleged exports subsidisation by Malaysia on 'aluminium primary foundry alloy ingot in different forms' following a complaint by the domestic industry and on January 31, 202...
Government decides not to impose countervailing duty on certain aluminium products from Malaysia
Government decides not to impose countervailing duty on certain aluminium products from Malaysia
Source: Accord Fintech
6/06/2022 10:46:03 AM
Vedanta Aluminium implements solutions for sustainable growth, green economy On the occasion of World Environment Day, Vedanta Aluminium, India's largest producer of aluminium believes that business growth and sustainable development are two sides of the same coin. "Our climate action endeavours saw us reduce our GHG emissions intensity at our largest aluminium smelter by around 12 per cent in FY22 over the previous fiscal, while increasing our production volumes by 20 per cent," said Rahul Sharma, CEO of Vedanta Aluminium. The company is also Indi...
Vedanta Aluminium implements solutions for sustainable growth, green economy
Vedanta Aluminium implements solutions for sustainable growth, green economy
Source: IANS
5/06/2022 1:51:00 PM
Hindalco Industries moves up on completing divestment of HDB Hindalco Industries is currently trading at Rs. 413.20, up by 3.00 points or 0.73% from its previous closing of Rs. 410.20 on the BSE. The scrip opened at Rs. 412.00 and has touched a high and low of Rs. 417.00 and Rs. 412.00 respectively. So far 76743 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 636.00 on 29-Mar-2022 and a 52 week low of Rs. 359.80 on 18-Jun-2021. Last one week high and low of the scrip stoo...
Hindalco Industries moves up on completing divestment of HDB
Hindalco Industries moves up on completing divestment of HDB
Source: Accord Fintech
3/06/2022 10:04:17 AM
Vedanta commissions largest lithium-ion battery powered fleet of 27 forklifts India's largest producer of aluminium Vedanta Aluminium has commissioned India's largest electric fleet of 27 forklifts, powered by lithium-ion batteries. Done in partnership with Gemini Equipment and Rentals India, this feat sets the ball rolling on Vedanta Aluminium's plans to decarbonise its industrial vehicle fleet. These electric forklifts make use of the cutting-edge system to help ensure the highest levels of safety at site, besides using Internet of Things technology...
Vedanta commissions largest lithium-ion battery powered fleet of 27 forklifts
Vedanta commissions largest lithium-ion battery powered fleet of 27 forklifts
Source: IANS
1/06/2022 5:22:15 PM
Hindalco Industries Q4 net profit zooms 223.43% at Rs 1601.00 cr The company reported standalone net profit of Rs 1,601.00 crore for the quarter ended March 31, 2022 as compared to Rs 495.00 crore in the same period last year, registering a year-on-year growth of 223.43 per cent. Net revenue of the company rose substantially by 31.62 per cent at Rs 18,969.00 crore in January-March quarter of this fiscal as against Rs 14,412.00 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 21.51 per cent to Rs ...
Hindalco Industries Q4 net profit zooms 223.43% at Rs 1601.00 cr
Hindalco Industries Q4 net profit zooms 223.43% at Rs 1601.00 cr
Source: Dion Global Solutions Ltd
27/05/2022 10:47:23 AM
Vedanta Aluminium bolsters efforts towards conserving biodiversity On International Day of Biological Diversity, Vedanta Aluminium, Indias largest producer of aluminium, announced that it is intensifying efforts towards nurturing biodiversity in the areas of its operations in Odisha and Chhattisgarh, as part of its sustainable development agenda. The company has embarked on conservation projects for indigenous bird species that include constructing birdhouses, artificial nests, and bird baths at multiple locations inside its plants and townships. Suppl...
Vedanta Aluminium bolsters efforts towards conserving biodiversity
Vedanta Aluminium bolsters efforts towards conserving biodiversity
Source: IANS
22/05/2022 1:42:02 PM
Vedanta Aluminium signs MoU with National Forensic Sciences University (NFSU), Gandhinagar Vedanta Aluminium, India's largest producer of aluminium, has signed a Memorandum of Understanding (MoU) with the National Forensic Sciences University (NFSU), Gandhinagar to promote Research, Training and Academic initiatives for its security professionals. National Forensic Science University (NFSU) is a renowned and the one & only Forensic Science University in the world, known for producing high-skilled professionals in forensic and homeland security. The MoU was signed by P...
Vedanta Aluminium signs MoU with National Forensic Sciences University (NFSU), Gandhinagar
Vedanta Aluminium signs MoU with National Forensic Sciences University (NFSU), Gandhinagar
Source: IANS
10/05/2022 11:54:37 AM
Vedanta Aluminium announces long-term sourcing of 380 MW renewable power Vedanta Aluminium, Indias largest producer of aluminium, has announced long-term sourcing of 380 MW of renewable energy for its Aluminium Smelters. Some 180 MW of this RE will be for the Aluminium Smelter at Jharsuguda, Odisha, and 200 MW for the Bharat Aluminium Company (BALCO) at Korba, Chhattisgarh. This will be carried out through a Power Delivery Agreement (PDA) between Vedanta Limited (Aluminium Business) and Special Purpose Vehicles, affiliates of Sterlite Power Technologies Pvt Ltd...
Vedanta Aluminium announces long-term sourcing of 380 MW renewable power
Vedanta Aluminium announces long-term sourcing of 380 MW renewable power
Source: IANS
2/05/2022 3:34:19 PM
Vedanta Aluminium develops extended reality experience zone to augment workforce safety Vedanta Aluminium, India's largest producer of aluminium, has developed an Extended Reality (XR) experience zone to augment safety training for its employees and partners. The zone makes use of Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR) technologies to enable simulation-based training, thus ensuring an immersive, engaging and safe learning experience for the workforce. With the onset of the pandemic accelerating the pace of technology adoption world over, V...
Vedanta Aluminium develops extended reality experience zone to augment workforce safety
Vedanta Aluminium develops extended reality experience zone to augment workforce safety
Source: IANS
27/04/2022 5:27:38 PM
Round tripping of industrial inputs by large players unfavourable to local value chains The Indian Industrial Value Chain Council (IIVCC), a group representing organisations involved in industrial production and consumption supply chain activities across India, has carried out research on some of the anomalies that exist in Indias aluminium industrial ecosystem, which are resulting in loss of forex for the country, an increased cost burden to Indian customers, and a denial of timely raw material inputs to the domestic aluminium manufacturing industry. According to Ashok Kumar...
Round tripping of industrial inputs by large players unfavourable to local value chains
Round tripping of industrial inputs by large players unfavourable to local value chains
Source: IANS
27/04/2022 8:52:25 AM
Vedanta rises as its aluminium business supplies first consignment of fly ash to ACC Cement 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...
Vedanta rises as its aluminium business supplies first consignment of fly ash to ACC Cement
Vedanta rises as its aluminium business supplies first consignment of fly ash to ACC Cement
Source: Accord Fintech
11/04/2022 10:47:10 AM
Vedanta inches up on reporting rise of 8% in production of aluminium and zinc Vedanta is currently trading at Rs. 422.20, up by 0.70 points or 0.17% from its previous closing of Rs. 421.50 on the BSE. The scrip opened at Rs. 425.00 and has touched a high and low of Rs. 425.00 and Rs. 420.60 respectively. So far 65624 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 425.00 on 05-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. 425...
Vedanta inches up on reporting rise of 8% in production of aluminium and zinc
Vedanta inches up on reporting rise of 8% in production of aluminium and zinc
Source: Accord Fintech
5/04/2022 10:37:19 AM
Buy Hindalco Industries Ltd For Target Rs.690 - JM Financial Deleveraged balance sheet makes room for growth capex Hindalco management led by Chairman, Mr. Kumar Mangalam Birla & MD, Mr. Satish Pai presented on the eve of the ‘Investor Day’. The key takeaways from the meet were – a) reallocation of FCF in favour of growth – 75% of FCF vs 50% stated last year as the company achieved Net Debt / EBITDA of 1.6x vs target 2.5x earlier than stipulated b) deleveraging at 15% of FCF vs 30% last year – with dividend layout u...
Buy Hindalco Industries Ltd For Target Rs.690 - JM Financial
Buy Hindalco Industries Ltd For Target Rs.690 - JM Financial
Source: JM Financial Services Ltd
1/04/2022 12:35:22 PM
Vedanta Aluminium Business recycles 14 billion litres of water in FY22 Vedanta Aluminium Business, Indias largest producer of aluminium, has recycled 14 billion litres of water as of January 2022 in FY 21-22, leveraging advanced technologies for focused control and monitoring of water consumption. Vedanta Aluminium's water sustainability efforts are guided by its robust Water Management Policy. In line with the company's commitment to the 6thth UN Sustainable Development Goal – Clean Water and Sanitation, Vedanta Aluminium strives to fulfil its ...
Vedanta Aluminium Business recycles 14 billion litres of water in FY22
Vedanta Aluminium Business recycles 14 billion litres of water in FY22
Source: IANS
22/03/2022 1:57:09 PM
Buy Hindalco Industries Ltd For Target Rs.690 - JM Financial Beyond the recent volatility – secular uptrend intact Aluminium price has been trending higher in CY22 on account of tight supply due to power shortages and rising costs of raw materials. Base case deficit for 2022 (pre Russia-Ukraine war) was expected at 1.5 mn tons (source: Norsk Hydro Investor presentation 4QCY21) which may increase to ~3 mn tons factoring high risk smelter curtailment. Aluminium prices further rose due to Russia’s invasion of Ukraine which resulted in suppl...
Buy Hindalco Industries Ltd For Target Rs.690 - JM Financial
Buy Hindalco Industries Ltd For Target Rs.690 - JM Financial
Source: JM Financial Services Ltd
16/03/2022 12:04:21 PM
Tight demand-supply situation, low global inventory to keep aluminium prices elevated: ICRA Rating agency ICRA in its latest report has said that a low inventory level of aluminium globally amid tight demand-supply situation in addition to any potential sanction on Russian aluminium exports are expected to aggravate the availability of the commodity in the rest of the world, and thereby keeping its prices at an elevated levels till normalcy is restored. According to the report, Russia contributes almost 12 per cent to global trade in aluminium with exports primarily to Europe. Fu...
Tight demand-supply situation, low global inventory to keep aluminium prices elevated: ICRA
Tight demand-supply situation, low global inventory to keep aluminium prices elevated: ICRA
Source: IANS
11/03/2022 12:39:09 PM
Firm demand, low global inventory to keep aluminium prices elevated: ICRA A low inventory level of aluminium globally amid tight demand-supply situation in addition to any potential sanction on Russian aluminium exports are expected to aggravate the availability of the commodity in the rest of the world, and thereby keeping its prices at an elevated levels till normalcy is restored, rating agency ICRA said in a report. Russia contributes almost 12 per cent to global trade in aluminium with exports primarily to Europe. "Further, aluminium prices have touc...
Firm demand, low global inventory to keep aluminium prices elevated: ICRA
Firm demand, low global inventory to keep aluminium prices elevated: ICRA
Source: IANS
10/03/2022 3:44:04 PM
Buy Hindalco Industries Ltd For Target Rs.650 - ICICI Direct Healthy performance… About the stock: Hindalco is the world’s largest aluminium company by revenues, and a major player in copper. Its wholly-owned subsidiary Novelis is the world’s largest producer of aluminium beverage can stock Over the years, Hindalco has transformed its business model to reduce dependence on volatile LME price movement and is focusing on a stable portfolio of value added produces Novelis has leveraged its extensive recycling footprint and favo...
Buy Hindalco Industries Ltd For Target Rs.650 - ICICI Direct
Buy Hindalco Industries Ltd For Target Rs.650 - ICICI Direct
Source: ICICI Direct
7/03/2022 1:20:01 PM
India to benefit from increased global demand for metals, foodgrains India is well positioned to benefit from the increased global demand for steel, aluminium and foodgrains -- wheat and rice, said brokerage house ICICI Securities. India is an alternative supplier of many mineral products where Russia typically dominates. As an alternate supplier of steel, aluminium and foodgrain, India's exports will likely gain from the sanctions imposed on Russia," the brokerage said. The global automobile industry, in particular, will feel the impact of l...
India to benefit from increased global demand for metals, foodgrains
India to benefit from increased global demand for metals, foodgrains
Source: IANS
3/03/2022 3:13:12 PM
AAI writes to PMO on alarming situation for aluminium industry Aluminium Association of India (AAI) has written to the Prime Minister's Office (PMO) on the alarming situation for the highly power intensive aluminium industry due to critical coal shortage. To avoid closure of Aluminium industry and save lakhs of livelihoods and SMEs, AAI has requested PMO intervention to normalise the precarious situation with immediate resumption of coal and rakes supply for highly power intensive Aluminium industry CPPs, and earmarking at least 25-30 coal rakes p...
AAI writes to PMO on alarming situation for aluminium industry
AAI writes to PMO on alarming situation for aluminium industry
Source: IANS
2/03/2022 3:10:46 PM
Vedanta moves up as its aluminium business planning to focus on backward integration in FY23 Vedanta is currently trading at Rs. 380.15, up by 17.65 points or 4.87% from its previous closing of Rs. 362.50 on the BSE. The scrip opened at Rs. 361.40 and has touched a high and low of Rs. 380.15 and Rs. 357.00 respectively. So far 530978 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 385.75 on 19-Oct-2021 and a 52 week low of Rs. 204.10 on 26-Feb-2021. Last one week high and low of the scrip stood at Rs. 3...
Vedanta moves up as its aluminium business planning to focus on backward integration in FY23
Vedanta moves up as its aluminium business planning to focus on backward integration in FY23
Source: Accord Fintech
28/02/2022 4:16:16 PM