The company's aluminium production was 5,74,000 tonne in the corresponding quarter of FY23, Vedanta said in a filing to BSE.
Under the pact, Vedanta's mega aluminium smelter at Jharsuguda, Odisha will supply around 20 rakes of fly ash every month for five years to Dalmia Cement's manufacturing units in Odisha, Chhattisgarh, Meghalaya, and Assam, and spent pot lining (SPL) for three years to the company's plant at Rajgangpur, Odisha.
Trapped in a pincer of rising coal prices and flooding of cheap imports, domestic aluminium industry needs government policy support to come out of this crisis.
The mining conglomerate on Thursday said that the collapse in aluminium prices and lack of bauxite availability from Odisha had forced it to opt for a gradual closure of its Lanjigarh facility in the state.
Aluminium prices globally have collapsed in the past few months and the current indications are that this trend will continue, a company filing said.
Sesa Sterlite is slated to announce its third quarter earnings today. The company is declaring numbers as a merged unit for the second time. Sesa Sterlite's consolidated numbers will include Cairn India, Sesa Goa and Vedanta Aluminium. Year-on-year numbers are not comparable.
"I think, at the end of the day, if you ask me, I regret. I could have done better if I would have bought Asarco. This would have been a feather on my cap. I don't know why it is coming, but it is coming from my heart," Vedanta Resources Chairman Agarwal said in an interview to a news channel.
Vedanta Aluminium's need for alumina, produced by refining bauxite, would nearly triple to 4.5 million tonnes in three years as it adds smelting capacity, Managing Director Sushil Kumar Roongta told Reuters.
Morgan stanley upgraded Sesa Goa to overweight from equalweight and raised price target to Rs 240 from Rs 154.
The Supreme Court has kept a ban on bauxite mining in hills in Odisha considered sacred by residents and has asked the state high court to investigate if digging would disrupt the environment or people living there, a judge said on Thursday.
Vedanta Aluminium Ltd (VAL), India's largest aluminium maker, is considering layoffs within two months at its alumina refinery in Odisha as hopes of an immediate revival of the plant fade, the president of the company said.
Unable to secure bauxite despite concerted efforts, the Vedanta group today said it has shut down its one million tonne alumina refinery at Lanjigarh in Odisha's Kalahandi district.
Vedanta group is likely to close its one million tonnes alumina refinery at Odisha's Lanjigarh from Wednesday, a move which would impact about 7,000 jobs in the Eastern state.
Vedanta Aluminium today said it is hopeful of getting some quantity of bauxite to run its refinery in Kalahandi district.
Vedanta Aluminium Ltd (VAL), India's largest aluminium maker, has resumed its alumina refinery in Odisha after a 10-day hiatus, but faces another shut down in December if it fails to secure more bauxite supplies, a senior company official said.
Vedanta Aluminium Ltd (VAL), India's largest aluminium maker, said on Saturday it has temporarily shut down its alumina refinery in Odisha due to lack of bauxite.
Vedanta Aluminium Ltd, a unit of billionaire Anil Agarwal-controlled Vedanta Group, plans to shut its alumina refinery in Odisha from Dec 5 due to shortages of bauxite, a company official said on Thursday.
Vedanta Aluminium has called on the government to restrict bauxite exports and allow more mines to ensure that India's domestic industry, including Vedanta's own alumina refinery, has sufficient supplies.
Emkay Global Financial Services has come out with its report on metals and mining sector. According to the research firm, Global steel prices have slipped further during the fortnight.
Vedanta Aluminium needs to import around one million tonnes of thermal coal in 2011 for its new independent power plant in Orissa, an official responsible for coal buying said on Tuesday.