Page 6 - Vedanta Ltd

Sterlite plant shutdown in TN could cost Vedanta $100 million: Anil Agarwal

The smelter has been shut since May after the Tamil Nadu government cut power supply to the unit, following violent protests over alleged pollution resulted in the death of 13 people in police firing

Vedanta's aluminium output surges 38% in FY18, with ramp up of facilities

Of the four potlines at its Jharsuguda aluminium smelter, firm has completed ramp up of the first two; Balco-II smelter in Chhattisgarh ramped up completely

Odisha govt to vet Vedanta's proposal to expand Lanjigarh refinery

The High Level Clearance Authority (HLCA) would consider a proposal by Vedanta Ltd to expand capacity of its alumina refinery at Lanjigarh from one million tonne per annum (mtpa) to six mtpa.Vedanta would invest Rs 6483 crore on expanding capacity of its refinery. The project after full ramp up has the potential to generate jobs for 9494 people.The company's expansion proposal came up for scrutiny at the 75th meeting of the State Level Single Window Clearance Authority (SLSWCA). Since the SLSWCA is empowered to approve projects with investment size of up to Rs 1000 crore, the proposal was referred to HLCA, the highest body to clear investment proposals in Odisha.The SLSWCA approved Vedanta's plan to ramp up capacity of its co-generation captive power plant from 90 Mw to 340 Mw.To fulfill its expansion plan, Vedanta has asked for 1645.8 acres of additional private land. Vedanta's alumina refinery at Lanjigarh in Odisha's economically backward Kalahandi district, has been struggling to .

Vedanta plans to invest $850-mn to raise Rajasthan oilfields output

The oil and gas business has commenced its next phase of growth

Zinc, aluminium drive up Vedanta's Q2 topline

Profitability was lower than expectations due to higher fuel costs

Vedanta trades ex-dividend

The stock trading flat at Rs 255 after it turned ex-dividend for Rs 17.70 per share today.

Dividend payout of Rs 6,580 crore announced by Vedanta

However, company's total debt stood at Rs 64,966 crore in Q3

Vedanta's power sales up 16% on commissioning of new units

The commissioning of additional power units at its constituents- Talwandi Sabo Power Ltd (TSPL) in Punjab and Balco (Chhattisgarh) helped Vedanta Ltd to post 16 per cent growth in its power sales in the December quarter.In Q3, Vedanta sold 3413 million units (MU) compared to 2934 MU in the comparable period of last fiscal.Power sales from TSPL increased with all three units being operational. In Q3 of FY 17, the three units operated at an availability of 77 per cent. The power purchase agreement with the Punjab State Power Corporation Ltd (PSPCL) compensated Vedanta based on the availability of the plant.The Jharsuguda 600Mw power plant operated at a plant load factor (PLF) of 72 per cent in Q3 of FY 17 compared to a PLF of 66 per cent in Q3.The 600 Mw units (2x300Mw) of BALCO IPP operated at a PLF of 55 per cent in Q3 of FY 17 due to a weaker power market. PLF at the Malco power plant was at 15 per cent, lower due to lower off-take by the Telangana State Electricity Board (TSEB). ...

Vedanta revokes suspension order at Bicholim iron ore mine

The operations at the mine were suspended on October 13, citing concerns over the safety and security of employees

Vedanta PAT up 17%; crude, copper pull down revenue

Firm says strong operating performance, higher commodity prices helped it improve EBITDA, at Rs 4,640 cr, by 31%

Vedanta mulling steel foray, says it's exploring opportunities in India

We are trying to envision the time when urbanisation picks up in India, says Tom Albanese, CEO, Vedanta

Vedanta rolls out billets to checkmate imports

Becomes the first primary aluminium producer in the country to roll out a special category of billets