aluminum

vedanta: Vedanta Q1 Update: Alumina production jumps 36% YoY to 539 kt, mined metal up 2%

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vedanta: Vedanta Q1 Update: Alumina production jumps 36% YoY to 539 kt, mined metal up 2%

Metal major Vedanta reported a 36% year-on-year jump in alumina production at Lanjigarh refinery at 539 kt driven by new capacity, the company said today in a filing to the exchanges. In Q1FY24, the company had produced 395 kt. It was up by 11% on the quarter-on-quarter basis versus 484 kt in the March quarter. … Read more

hindalco shares: Hindalco shares surge 2% after company arm Novelis files 45 million shares in IPO

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hindalco shares: Hindalco shares surge 2% after company arm Novelis files 45 million shares in IPO

Shares of Hindalco jumped 2% on BSE in Wednesday’s trade to the day’s high of Rs 695 after the company’s arm Novelis filed to offer 45 million shares in the US initial public offering (IPO) with a price band of $18-21 per share. Novelis is owned by the Indian conglomerate Aditya Birla Group’s Hindalco and … Read more