Vedanta And Nalco
Metal stocks extend rally; Vedanta, Nalco, Hindustan Copper zoom up to 6%
At 10:21 AM on Wednesday, the Nifty Metal index was the top gainer among the sectoral indices up 2 per cent, as compared to 0.23 per cent decline in the Nifty 50
 "Metal stocks extend rally; Vedanta, Nalco, Hindustan Copper zoom up to 6%")
Vedanta, Nalco look to contain costs after strong FY18 earnings
> Top aluminium producers like Vedanta Ltd and central public sector firm National Aluminium Company Ltd (Nalco) have set their sights on trimming costs after posting robust earnings from aluminium business in FY18.Vedanta, in 2017-18, reported an Ebitda (earnings before interest, taxes, depreciation and amortisation) of $570 from the aluminium vertical, three-fold surge over $188 in 2016-17. In last fiscal, Nalco witnessed its net profit doubling to Rs 13.42 billion. While Vedanta emerged the highest aluminium producer in the country with an output of 1.7 million tonnes, Nalco achieved its normative rated capacities of bauxite and alumina and also posted its best aluminium production figures in the past five years.However, Vedanta's cost of aluminium production in FY18, escalated to $1887 per tonne, higher by about 30 per cent over the previous fiscal due to input commodity inflation. For the current fiscal, Vedanta has projected its aluminium making cost in the range of ...
 "Vedanta, Nalco look to contain costs after strong FY18 earnings")
Vedanta, Nalco could change the way aluminium is used
The companies are building industrial parks in Odisha for manufacturers to receive the metal directly from smelters
 "Vedanta, Nalco could change the way aluminium is used")