Aluminium

Vedanta soars 20% in 2 months, hits new high; brokerages see more upside

In the past one week, Vedanta stock has outperformed the market by surging 6 per cent, as compared to a 2.2 per cent rise in the BSE Sensex and 4.8 per cent gain in the BSE Metal index.

Vedanta plans to invest ₹13,226 crore to ramp up aluminium capacity

Anil Agarwal-led Vedanta Ltd plans to pump in Rs 13,226 crore to ramp up its aluminium capacity to 3.1 million tonnes per annum (MTPA) by FY28, sources said. The current capacity of the company is 2.4 MTPA. Vedanta Ltd is anchoring aluminium at the centre of its growth strategy, with an expansion plan that will take capacity to 3.1 million tonnes per annum (MTPA) by FY28, sources said. The company is planning to invest Rs 13,226 crore over the next few years for this expansion, they said. Aluminium, the world's second-most consumed metal after steel, is becoming increasingly critical to electric mobility, renewable energy, urban infrastructure, and aerospace. Vedanta, the country's leading aluminium producer with over 50 per cent share in domestic market, is also set to ensure aluminium remains the single biggest contributor to its target of 8-10 billion dollar EBITDA at group level by FY28, as per its recent exchange filing. Vedanta's aluminium capacity will expand to 2.75 MTPA

Vedanta in process of acquiring land for 3 MTPA aluminium smelter in Odisha

Vedanta is in the process of acquiring land for its 3 million tonnes per annum (MTPA) aluminium smelter in Dhenkanal, Odisha, a top company official said on Wednesday. "We are moving towards setting up a new mega aluminium plant at Dhenkanal, Odisha, (with a capacity of) three million tonnes," Rajiv Kumar, Chief Executive Officer for the Aluminium business at Vedanta, said. Currently, the company's total capacity stands at 3 million tonnes. "We want to go to six million tonnes, for which we are actively involved in land acquisition, and hopefully things are progressing very well," Kumar said. He was speaking to reporters on the sidelines of ALUMEX India 2025, organised by Aluminium Extrusion Manufacturers Association of India (ALEMAI) in the national capital during September 10-13. This green aluminium smelter, he said, has the potential to create over two lakh jobs. On the investment to be made in the said plant, he said that "Aluminium is very heavy on investment and is a ...

Aluminium extrusion industry body alleges 28 units shut, 5K jobs lost

ALEMAI claims closure of 28 aluminium extrusion units and the loss of 5,000 jobs in the last two years, blaming free trade agreements (FTAs) and rising import dependence for the industry's struggles

From cooktops to cutlery: How to pick the right cookware for your kitchen

With dozens of materials, coatings, and claims in the market, choosing cookware has become as complex as cooking itself. Here's a guide to help you buy smart - and safe

Vedanta reports record alumina, ferro chrome output in Q1 FY26 results

Vedanta posts strong quarterly performance with record alumina and ferro chrome production, higher zinc output, and operational gains across key metals and power businesses

Vedanta Aluminium partners with PwC India for sustainability initiatives

Vedanta Aluminium on Thursday announced the expansion of its partnership with PwC India to scale up sustainability initiatives across its operations in Odisha and Chhattisgarh. Initially centred on biodiversity projects around Vedanta's Jharsuguda smelter, the partnership will now extend across all its operational regions and will also focus on decarbonisation, water positivity, and biodiversity conservation, marking a major step in integrating sustainability throughout the company's value chain, the company said in a statement. "This collaboration with PwC exemplifies our unwavering dedication to driving sustainable growth and championing environmental stewardship. Anchored in robust ESG principles, we are actively working towards carbon neutrality by 2050 and supporting India's net zero vision for 2070," Vedanta Aluminium Chief Executive Officer Rajiv Kumar said. Kumar further noted that "by addressing critical ecological challenges, improving operational efficiencies, and placing

Trump signs order hiking steel, aluminum tariffs to 50%, exempts UK

The order said that raising the existing tariffs would offer stronger support to domestic industries and help reduce or eliminate the national security threat posed by imports of steel, aluminium

Trump's move to double tariffs on aluminium imports to hurt sector: AAI

Aluminium industry body AAI has expressed concerns that US President Donald Trump's announcement to double tariffs on aluminium imports in that country will hurt the Indian manufacturers who are already under pressure from surging low-cost imports. On May 30, Trump announced that he would double the existing 25 per cent tariffs on aluminium imports from June 4. "The 50 per cent tariff announced by Trump will damage the Indian aluminium industry, which is already under pressure from surging low-cost imports," Aluminium Association of India (AAI) said. The metal has strategic importance to the country and critical to industries such as defence, aerospace, energy transition, telecommunications, power and construction, it said, adding that both primary aluminium and poor quality scrap are entering the country in large volumes, threatening to create a surplus, suppress domestic prices, and undercut the viability of domestic producers. Though the government just announced a 12 per cent .

Trump, Starmer hail limited US-UK trade deal, but 10% tariffs remain

President Donald Trump agreed on Thursday to cut tariffs on UK autos, steel and aluminum in a planned trade deal but played down the possibility of other nations getting similarly favourable terms on his import taxes, which are roiling the global economy. Under the framework agreement, the United Kingdom is to buy more American beef and ethanol and streamline its customs process for goods from the United States. But Trump's baseline 10 per cent tariffs against British goods are to stay in place, and the Republican president suggested that even higher import taxes would be charged on other countries trying to reach deals with the US. That's a low number, Trump said of the UK's 10 per cent tariff rate, adding that other countries would face higher tariff rates in their deals because the US runs trade deficits with them and in many cases they didn't treat us right. The announcement provided a political victory for UK Prime Minister Keir Starmer and offered a degree of validation for .

Duties on steel, aluminium not safeguard measures: US tells India at WTO

India previously sought WTO consultations on US metal tariffs. The US responded, saying the measures are rooted in national security, not safeguard provisions

Rio Tinto to make India comeback via green aluminium project with AM Green

Rio Tinto to partner with AM Green for a $5-7 billion green aluminium project in India, marking its return after nearly a decade; project to be powered by renewable energy

India's trade deficit widens to $21.54 bn, exports see 0.7% growth in March

Imports witnessed 11 per cent growth year-on-year at $63.51 billion

Vedanta board approves appointment of Rajiv Kumar as CEO of aluminium biz

Vedanta on Wednesday said its board has approved the appointment of Rajiv Kumar as CEO of its aluminium business. The development comes at a time when Vedanta is demerging its businesses, including its aluminium business, into four independent entities. "The board of directors at its meeting held on Wednesday, March 26, 2025, has inter alia considered and approved appointment of Rajiv Kumar as CEO - Aluminium Business and designating him as senior management personnel at Vedanta Ltd effective March 26," the company said in a regulatory filing. On recommendation of the nomination and remuneration panel, the board has approved the appointment of Kumar for three years. Prior to joining Vedanta, Kumar was with Tata Steel. He has over three decades of experience in the steel and mining sectors. "He will lead overall strategy for the Aluminium business including an effective demerger approach for maximising value, development of strategic alliances to fast-track business delivery as wel

Caught in the geo-politics storm, Indian metal makers to see choppy prices

Base metals such as copper and aluminium are expected to see global deficits

Canada initiates WTO dispute complaint on US steel, aluminium duties

The request was circulated to World Trade Organization members on Thursday

Exporters seek import duty cuts to counter US steel, aluminium tariffs

The 25% US tariffs on steel and aluminium imports, effective March 12, have raised Indian exporters' concerns about declining orders and rising costs

Novelis expects improved outlook in near term, Q4FY25 to outperform Q3

Upstream revenue in aluminium stood at Rs 9,990 crore in Q3FY25 (+25 per cent Y-o-Y).

Hindalco Q3FY25 results: Net profit up 60.2%, beats street estimates

Profit boost from robust India aluminium business and higher other income

Trump signs proclamations to close steel, aluminium tariff loopholes: WH

Leavitt noted that Trump continues to take bold action to protect the steel and aluminium industries of the US