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HINDALCO VEDANTA COPPER
Vedanta Resources looking to rejig $5.5 bn holdco debt in one goAnil Agarwal's Vedanta Resources Ltd is in talks with global banks to refinance its $5.25-5.5 billion debt. The company aims to raise $3.5-...
India's top copper producers like Adani, Vedanta and Hindalco oppose inclusion of scrap-based rods in standardsIn a major dispute, leading copper producers like Adani and Vedanta are opposing the inclusion of copper wire from secondary refiners in go...
Vedanta, Hindalco, other metal stocks rally up to 11% in one week. Should you buy or wait? Here's what analysts sayMetal stocks are experiencing a strong rally. Shares of Adani Enterprises, Hindalco Industries, and Vedanta have surged. Analysts recommend...
Metal stocks shine as global base metal rally lifts investor sentimentMetal stocks surged on Tuesday, mirroring a sharp rally in global base metal prices driven by supply disruptions and robust demand. Gold lo...
Are metals turning defensive? 5-year returns rival, even beat traditional safe havensMetal stocks are outperforming defensive sectors, delivering strong returns driven by structural demand shifts and supply constraints. Fact...
Smallcaps back in favour as valuations turn attractive: Siddharth VoraSiddharth Vora has turned constructive on the market, seeing attractive valuations after a recent correction, and is increasing exposure to...
Vedanta, Hindalco just got upgraded by JP Morgan: How Iran war may benefit these 2 metal stocksJPMorgan upgraded Hindalco Industries and Vedanta to overweight, citing higher aluminium prices driven by West Asia tensions. The move boos...
Non-ferrous metal stocks may correct in short termMetals stocks such as Hindalco, Vedanta, Hindustan Copper and Nalco could witness further bouts of profit booking as rising US bond yields ...
Metals & mining cos likely to see a sharp fall in earnings
India turns net copper importer for first time in 18 yrsThe closure of Vedanta’s copper smelter in Tuticorin wiped out more than 46% of the country’s production of the base metal. As a result, im...
Steel firms may post 25-50% fall in operating profit in Q2Low domestic demand leading to higher exports will further impact margins of steel players, the report said
India starts anti-subsidy probe into increased import of copper wire rods from 4 nationsSuch subsidised imports into India are causing material injury to the domestic industry through their volume and price effects, it said.
Tuticorin plant shutdown to affect over 800 SMEsWhile the immediate supply crisis in the near to medium term can be averted, analysts are worried about the longer-term impact on the coppe...
Tuticorin closure to adversely impact Vedanta's other businesses: Moody’sThe ratings agency said it is yet unclear as to what extent the company will be compensated for the land acquired for the expansion.
Sterlite closure: No immediate crisis but concerns on future copper supplyAccording to Urvisha H Jagasheth, analyst at CARE Ratings, production of domestic refined copper in India is expected to see a 36% drop in ...
Market Now: Metal stocks hot; Hindustan Copper surges 7%The Nifty Metal index was trading 1.42 per cent up at 3,934 around 10 am (IST).
Metals stocks advance as China cuts aluminium production to check smogAluminium majors such as National Aluminium and Hindalco surged as much as 8 per cent and 3.7 per cent in early trade on Thursday.
Vedanta to invest Rs 3,000 crore to double copper capacityWe will invest Rs 2,500-3,000 crore in our copper operations to double the capacity from 400 kilo tonnes at present. This will happen by 20...
Copper majors demand abolition of import dutyHindalco Industries, Hindustan Copper and Vedanta have asked the government to remove the current import duty of 2.5% on copper concentrate.
- Sterlite powers ahead of Hindalco in copper street
Metal upstart Sterlite is showing a thing or two to aluminum major Hindalco when it comes to making profits from copper.