Vedanta commissions World’s first Red Mud Powder Plant

Last Updated: Tuesday, November 19, 2013, 12:36

Vedanta Aluminium Ltd (VAL) has commissioned a red mud powder producing unit at Lanjigarh refinery in Odisha, describing it as first of its kind in alumina industry tackling major environmental hazards.

Vedanta gets shareholders' nod to raise offers for HZL, Balco

Last Updated: Wednesday, October 30, 2013, 22:49

Shareholders of mining conglomerate Vedanta Resources on Wednesday approved proposals to empower the company to raise offers for acquiring remaining government stake in Hindustan Zinc and Balco by up to 43 percent or up to Rs 24,663 crore.

Vedanta Aluminium aims to triple capacity

Last Updated: Monday, October 21, 2013, 13:42

Vedanta Aluminium will triple its capacity by 2015 to 2.3 million tonnes to cater for an expected surge in demand in India, its managing director said, even though its inability to source enough alumina at home has forced it to import the raw material.

Vedanta moves PMG for Lanjigarh refinery expansion

Last Updated: Sunday, October 20, 2013, 15:43

Mining conglomerate Vedanta Group has approached Prime Minister's Project Monitoring Group, which was established to fast track stalled large investment projects, seeking environment clearance for expansion of its Lanjigarh alumina refinery in Odisha to 6 million tonnes.

Vedanta to hike offer to $4 bn for more stakes in Balco, HZL

Last Updated: Tuesday, October 15, 2013, 23:50

Sweetening its long pending offer, mining conglomerate Vedanta Resources will hike the total offer price for acquiring more stakes in Hindustan Zinc and Balco to nearly USD 4 billion (more than Rs 24,800 crore), 43 percent higher than its last year's proposal.

Yet to hear from govt on HZL, Balco stake sale: Vedanta

Last Updated: Wednesday, October 9, 2013, 18:53

Vedanta Resources is yet to hear anything "officially" on disinvestment of Hindustan Zinc and Balco, but sees "conviction" on part of the government to move ahead with the proposed stake sale, a top company official said Wednesday.

Nalco to pay Rs 322.15 crore as dividend to government

Last Updated: Saturday, September 28, 2013, 15:06

Announcing this after the Annual General Meeting of the company here, Nalco CMD Ansuman Das said the shareholders of the Navaratna PSU approved a total dividend payout of 25 percent which works out to Rs 1.25 per share.

NALCO to invest Rs 33,000 cr for diversification and expansion

Last Updated: Saturday, September 28, 2013, 13:17

"NALCO is embarking upon an ambitious growth plan involving a massive investment of more than Rs 33,000 crore in next 3 to 4 years, not only in aluminium sector but also in energy sector," Nalco CMD Ansuman Das told reporters.

NALCO plans new ventures, expansion, diversification

Last Updated: Friday, September 27, 2013, 18:39

Despite declining prices and adverse market conditions, aluminium giant NALCO, which posted 4.75 percent jump in sales turnover at Rs 6,809 crore in 2012-13, has plans for ambitious new ventures, expansion and diversification programmes, a top company official said Friday.

FMC slaps additional 5% margin on base metals; may hit traders

Last Updated: Sunday, September 8, 2013, 17:50

Commodity market regulator FMC has imposed an additional margin of five percent on base metals trading in futures, to tackle volatility in the market.

'Sterlite merger, Vedanta Aluminium biz demerger effective'

Last Updated: Tuesday, August 20, 2013, 20:48

In a BSE filing, the company also said that its wholly-owned subsidary Bloom Fountain Limited would acquire 38.68 percent stake in Cairn India together with associated debt, effective from August 26.

Vedanta Aluminium optimistic of getting bauxite from Odisha

Last Updated: Monday, July 22, 2013, 20:30

Days after restarting its refinery in Odisha's Kalahandi district following a seven-month shutdown due to a bauxite scarcity, Vedanta Aluminium Limited is optimistic about getting the ore from the state itself.