Balco

The demand notice has been issued by the Chhattisgarh taxation authority, and pertains to the period of fiscal year 2017-18.

Vedanta India: Weak economic growth can impact this commodity major

Vedanta is present in both ferrous and non-ferrous businesses, including oil and gas, making it highly vulnerable to commodity prices and economic cycles

Vedanta arm Balco conducts trial for use of biodiesel in smelter operations

The development assumes significance in the wake of its ambitious target to achieve net-zero carbon by 2050 or sooner.

Vedanta arm Balco wins bid for coal block in Chhattisgarh

The company emerged as successful bidder for the mine during the fourth round of commercial coal mine auction conducted by the government.

Vedanta to invest over Rs 6,600 crore in 2 years to ramp up Balco's smelter capacity

Balco's smelter capacity, as a result, will increase by 414 kilo-tonnes per annum (KTPA), taking its total capacity to close to one million tonne.

CGECB notice to BALCO for closure of thermal power plant

The notice pertaining to the closure, issued to the plant management, mentioned that ash slurry water from the damaged ash dam is polluting water of a Belgiri nullah (canal) passing near the plant that drains into Hasdeo river.

Expect legal view on HZL share sale in a month: Govt

Legal opinion on the proposed buying of government's residual stake in Hindustan Zinc Ltd (HZL) by Vedanta is expected within a month, the Mines Ministry said today.

Balco seeks MoEF nod for revised mine plan for Chotia block

The company recently informed the Coal Ministry that the prior allottee (of Chotia coal block) did not create any mining infrastructure in the underground parts and only mined the opencast portion of Chotia I coal block which is exhausted, an official said.

Aim to produce 50% of India's oil needs: Vedanta

Keen on the Indian growth story, Anil Agarwal, Chairman of Vedanta said that he wants to meet the country's growing demand and aims to produce 50 percent of India's oil needs.

Surge in zinc prices, Vedanta chief's stake buy comment lift HZL

Shares of Hindustan Zinc gained roughly 9 percent in trade today. Surge in zinc prices to 5-year highs coupled with commentary from Vedanta Resources Chief Anil Agarwal that the Group will be open to buy stakes in Hindustan Zinc and Balco if government decides to sell could have aided gains.

Open to buy Hind Zinc, Balco stakes if govt sells: Anil Agarwal

When the government is ready to sell Hindustan Zinc and Balco stakes, Vedanta Group will want to buy it, says Chairman Anil Agarwal in a candid Diwali special interview to CNBC-TV18.

No talks on buyback of shares from govt: Hindustan Zinc CEO

"There has been no discussion on this topic (share buyback)," he told reporters here, adding that the company does not respond to market speculation.

Vedanta Q2 metal production hit due to snags, power outages

Despite the hurdles, the firm led by billionaire Anil Agrawal posted a record aluminium production of 2.96 lakh tonnes during the September quarter and saw its power sales rise year-on-year (y-o-y) helped by commissioning of additional units at TSPL and BALCO over the last year.

Piyush Goyal bats for MIP on aluminium products

The minister suggested that the MIP should be similar to the one imposed by the government for the steel sector, which too has been grappling with similar dumping from China, Japan, and South Korea, among others.

MIP on aluminium: Mecon preparing report; to submit by September

The public sector undertaking has been asked by industry body Aluminium Association of India to prepare the report, which it has to submit by September, a source said.

Time for govt to sell residual stake in Hindustan Zinc: Goyal

The government is exploring options to sell its stake in the Hindustan Zinc, Power and Mines Minister Piyush Goyal told CNBC-TV18.

Vedanta steps up efforts to buy govt's stake in Hind Zinc: Srcs

Vedanta is likely to increase offer to buy out government's stake in the company. Currently, Vedanta holds 64.92 percent and government 29.54 percent in Hind Zinc.

Time for govt to sell residual stake in Hind Zinc, Balco: Goyal

In an interview to CNBC-TV18 Power Minister Piyush Goyal said it is time the government gives freedom to these companies to grow independently and efficiently.

Vedanta eyes 1.7 mt aluminium output this fiscal

"Ever since April 1 this year, we have been ramping up our aluminium lines at Balco and Odisha. We would expect that all the Balco lines would be raised this year," Vedanta Limited Group CEO Tom Albanese told PTI.

Balco to resume rolling products manufacturing at Korba mill

The metal company, a part of Anil Agarwal-led Vedanta Ltd, expects normal production to start from July 15. Balco in August last had announced shutting down of rolling mill in Korba due to "steep fall" in the prices besides dumping from China and falling margins.

Vedanta revamps top deck; appoints India metals business CEO

Heads of Aluminium, Copper, Power and Iron ore business will report to the new CEO

Bhatia v. Balco Debate Resolved?

By: Gerald Manoharan, Partner, JSA

No need to sweeten Cairn-Vedanta merger contours: Agarwal

Anil Agarwal, founder and chairman, Vedanta, expects to complete the Cairn-Vedanta merger in the coming months and does not think there is any need to sweeten the merger contours of the deal

HC seeks Centre's reply on Balco plea

A bench of justices Badar Durrez Ahmed and Sanjeev Sachdeva issued notice to the Coal Ministry and sought its reply to Balco's plea by September 17, the next date of hearing.

Raising import duty on aluminium products 'tricky': Min

The Ministry is reviewing the case for increasing import duty on aluminium and has met with both the primary producers as well as the small companies who import aluminium scrap for various purposes.