Last Updated: Monday, September 14, 2015, 15:12
Balco, part of Anil Agarwal-led Vedanta Ltd, on Monday said it has started the procedure to shut down its aluminium rolling business in Chhattisgarh - a move that will see 1,000 people losing jobs.
Last Updated: Sunday, September 13, 2015, 16:16
The delegation from industry body Aluminium Association of India was led by Vedanta Group CEO Tom Albanese, Hindalco Deputy Managing Director D Satish Pai and Nalco CMD T K Chand.
Last Updated: Thursday, September 10, 2015, 22:06
Mining giant Vedanta Resources has resorted to "aggressive cost reduction" and "workforce reduction" in its aluminium segment amid subdued and volatile market conditions globally.
Last Updated: Tuesday, September 8, 2015, 17:05
Aluminium major National Aluminium Company Ltd (Nalco) said it will invest Rs 30,000 crore in Odisha, which has unveiled a new industrial policy aimed at attracting investments worth Rs 1,73,000 crore.
Last Updated: Thursday, August 27, 2015, 15:41
Aluminium maker Hindalco Industries seeks its shareholders' approval to raise up to Rs 6,000 crore through issuance of non convertible debentures (NCDs) on private placement basis.
Last Updated: Monday, August 17, 2015, 21:31
Shares of aluminium maker Hindalco today fell nearly 3 percent after the company reported a steep 67 percent drop in standalone net profit for the June quarter.
Last Updated: Friday, August 14, 2015, 21:03
Lower metal realisation, high finance and depreciation costs have hit the aluminium maker Hindalco's bottomline as it reported a 67 percent drop in the standalone net profit at Rs 107.19 crore for the quarter ended June 30.
Last Updated: Friday, July 31, 2015, 17:57
Mining conglomerate Vedanta Resources on Friday said it is planning to restructure high-cost operations in aluminium segment and has suspended ramp-up at its plant due to volatile commodity market.
Last Updated: Thursday, July 30, 2015, 20:43
Aluminium maker Hindalco on Thursday said it is not going for refinancing under a Reserve Bank scheme even as market speculation was rife that it is looking to refinance loans up to Rs 8,000 crore.
Last Updated: Wednesday, July 29, 2015, 20:34
Terming the market situation for domestic aluminium producers as "very challenging", Vedanta on Wednesday said the firm might be forced to take "some difficult decisions" on jobs to cut costs.
Last Updated: Tuesday, July 21, 2015, 21:55
Hit by cheap imports and falling prices of aluminium in the global market, domestic industry will be forced to take "drastic steps" like job cuts and production cap, Vedanta Aluminium said Tuesday.
Last Updated: Tuesday, July 21, 2015, 17:00
The aluminium business of Vedanta Ltd has scaled down operations and may make "huge" job cuts due to low world prices and rising imports, its head told Reuters, urging the government to double the tariffs on foreign supply.
more videos >>
