Page 58 - Vedanta

Vedanta cuts aluminium making cost by 10% to $1,852 a tonne in Q2

Firm aims to achieve Rs 1,500 a tonne; LME prices of metal stood at $1,756 a tonne as on November 14. At this price point, 10% of the global smelters are incurring cash losses

Chart check: Here's how metal stocks have fared at the bourses

Tata Steel has witnessed "Death Cross" pattern on the weekly chart but RSI and MACD are trading with a positive crossover.

Vedanta pre-tax profit down 57% at Rs 1,122 crore in Q2 on low revenue

the company's topline stood at Rs 21,739 crore, down 3 percent from last on the back of weak commodity prices

Nalco posts Rs 28-cr Q2 loss on weak alumina prices, high coal cost

This is a rare quarterly loss for Nalco, known for consistent profitability. It has regularly figured among the top-three forex-earning public sector companies

Vedanta's Odisha SEZ seeks govt approval to procure petroleum coke locally

Vedanta, an SEZ unit in Vedanta SEZ was granted letter of approval in April 2009 for manufacture of these products. The unit had commenced production in December 2015.

From moulding markets to changing mindset, how Vedanta revived Electrosteel

The second of a four-part series on IBC takes a look at how Vedanta restored faith of suppliers and customers and updated products to turn around the stressed plant

Rs 10,247-cr Cairn retro tax case: Tribunal defers award to mid-2020

The international tribunal was supposed to give an award by February 2019, but in March it delayed it to 2019-end and now to summer of 2020

Vedanta's alumina cost hits two-year low on availability of coal, bauxite

Vedanta is currently working on the ramp-up of the Lanjigarh refinery

Doesn't make sense to let go MAT credits: Vedanta's Pallavi Joshi Bakhru

Pallavi Joshi Bakhru, group head taxation, Vedanta Limited, the metals-cum-mining conglomerate, explains why some large corporate groups may not avail of the lower tax rates anytime soon

Vedanta-Balco's new products paving way for Make in India: CEO Abhijit Pati

The head of one of India's top aluminium producers is bullish about the offtake of the metal by auto makers and construction players once the slowdown is over

Indian economy in transition, slowdown won't stay forever: Vedanta

The remarks come at a time when IMF and Asian Development Bank (ADB) have lowered India's growth forecast, citing global and domestic headwinds

Subdued commodity prices take a toll on Vedanta; stock hits 52-week lows

While oil & gas and zinc segments may provide some cushion to earnings, declining base metal prices will keep sentiment subdued

Vedanta to export over 50% of aluminium as India increases imports

The company is also focused on strong growth of the domestic market

Vedanta makes several changes in top management, reshuffles three CEOs

The three CEOs are likely to assume charge of their new assignment within a fortnight

Vedanta's alumina production cost falls 17% in Q1, lowest in two years

In FY19, Vedanta's average alumina production cost stood at $322 per tonne

Cairn India to exit investments in Anglo American ahead of schedule

The investment by CIHL, which was entered into as part of its cash management activities, has delivered a net gain of over $100 million

Vedanta net profit down 12% at Rs 1351 crore in Q1 as expenses increase

The company's topline in the period under review stood at Rs 21,167 crore, down 3.5 per cent from same period last year

Anil Aggarwal's much-discussed Anglo investment ends with a whimper

Agarwal will likely make about $500 million from his investment and pocket between $200 million and $300 million after fees, according to sources

South African court blocks Zambia's plans to sell Vedanta copper mines

Vedanta had approached the South African court due to an agreement that selected Johannesburg as the seat of arbitration

Sterlite's closure hits Vedanta copper earnings; revenue drops by 57%

Vedanta's total Ebitda fell 4% to Rs 24,012 crore in FY19