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SMELTER MAINTENANCE
Hindustan Zinc plans Rs 50k-crore capex pipeline for next 5 yearsHindustan Zinc will invest ₹40,000-50,000 crore in the next five years. This will double refined metal capacity and ore production. Metal r...- Vedanta's Zambian unit shuts copper smelter for maintenanceVedanta's Konkola Copper Mines has begun a 60-day shutdown of its Nchanga smelter in Zambia for essential maintenance. This move aims to bo...
- Gold falls on oil-driven inflation worries as US–Iran peace talks falterGold prices dipped as stalled U.S.-Iran peace talks fueled oil price hikes, raising inflation and interest rate hike fears. The dollar's st...
- Commodity Radar: Zinc shines as a lucrative bet on strong fundamentals, but technicals suggest consolidation. What should traders do?Zinc futures rose on MCX, driven by tightening global supply, Chinese smelter maintenance, falling inventories, and currency support. Despi...
- Hindustan Zinc plans to double output by 2030, may revive demerger planIn 2023, the board of Hindustan Zinc had proposed splitting its business into different verticals, but the plan was opposed by the Governme...
- Vedanta Limited signs an agreement to deploy GE's Digital Smelter solutionsThe initiative is expected to substantially reduce specific power consumption at the smelter. Typically, a one-percent reduction in specifi...
- Vedanta drops 3% as firm loses $200 million in profits in a yearIndia faced a crunch in the availability of refined copper due to Vedanta's Tuticorin smelter closure.
- Vedanta lost USD 200 million in profits in one year of Tuticorin plant shutdown: AgarwalAgarwal added that the stoppage of production at the Tuticorin plant of the firm's unit Sterlite led to the country having to import copper...
- Supreme Court rejects Vedanta's early hearing plea in Tuticorin caseIn Feb this year, the Supreme Court had refused to allow Vedanta to restart the controversial plant, which was at the centre of protests ov...
- Copper production dips 47%, imports surge 233%Import of copper has surged 233% to 10 KT during the quarter. Incidentally, India used to be a net exporter of refined copper.
- Vedanta-Sterlite files petition with National Green Tribunal challenging plant closureThe company has also sought NGT’s permission to allow it to carry out care and maintenance of the plant and other interim reliefs, during t...
- Vedanta says acid leak severe at closed Tuticorin copper plantThe district administration had said on Sunday the leak was minor, and steps were being taken to empty the storage tanks as a safety precau...
- Why are people against Vedanta's Sterlite plant in Tuticorin? 6 things you should knowResidents have been demanding closure of the smelter for the past 100 days, and had announced they would take out a march to the Tuticorin ...
- CEO: Sterlite will Go Ahead with TN Smelter ExpansionP Ramnath said that the expansion would not be stalled by ongoing agitations, alleging that foreign-funded organisations with ulterior moti...
- Vedanta's application for renewal of copper smelting unit rejectedThe company said it had applied to Tamil Nadu Pollution Control Board for annual renewal of CTO for its existing smelter plant at Thoothuku...
- Sterlite Copper denied consent to operate by Tamil Nadu pollution control boardResidents, environmentalists and politicians have been protesting against the company's proposed doubling of capacity from 400,000 tonnes a...
- Vedanta’s Tamil Nadu unit draws ire from Rajinikanth & Kamal HaasanStars-turned-politicians Rajinikanth and Kamal Haasan are lending their voices to protests by neighboring villagers against the plant in Ta...
- Vedanta seeks Odisha Government's intervention for aluminaVedanta Aluminium has asked the Odisha government to impress upon National Aluminium Company (Nalco) to sell surplus alumina to it.
- Brokers’ call on Apollo Tyres, HindalcoCLSA maintained ‘Buy’ on Apollo Tyres at a price target of Rs 110 on optimism from lower rubber prices both in India and abroad.
- No alumina production at NALCO's DamanjodiAlumina production in state state-owned NALCO refinery at Orissa's Damanjodi stopped with employees going on a 24 hour-strike protesting Ce...
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