September 15, 2014 11:02 PM ET

Metals and Mining

Company Overview of Vedanta Aluminium Limited

Company Overview

Vedanta Aluminium Limited engages in the production of metallurgical grade alumina and aluminium products. It offers metallurgical grade alumina that is used as a raw material in ceramic and glass industries; and high grade aluminium and various other products, which are supplied to secondary fabrication units. The company provides aluminium ingots, billets, bars, and wire rods under the VEDANTAL brand name. Its products are used in power, packaging, chemical, logistics, and defense industrial sectors. The company also operates an independent power plant with a capacity of 2400 megawatts. In addition, it offers port services. The company was incorporated in 2001 and is based in Mumbai, India...

Vedanta House

75, Nehru Road

Vile Parle East

Mumbai,  400099

India

Founded in 2001

Phone:

91 22 6646 1000

Fax:

91 22 6646 1451

Key Executives for Vedanta Aluminium Limited

Chairman of the Board and Managing Director
Age: 64
Chief Financial Officer
Age: 54
Whole Time Director
Age: 56
Assistant Company Secretary
Compensation as of Fiscal Year 2014.

Vedanta Aluminium Limited Key Developments

Vedanta Aluminium Reports Earnings Results for the Fourth Quarter Ended March 31, 2014

Vedanta Aluminium reported earnings results for the fourth quarter ended March 31, 2014. The company saw Ebitda grow to INR 4,470 million from INR 3,570 million in the third quarter.

Vedanta Aluminium Limited Reports Unaudited Earnings and Production Results for the First Quarter Ended June 30, 2013

Vedanta Aluminium Limited reported unaudited earnings and production results for the first quarter ended June 30, 2013. For the period, the company reported revenue of INR 16.3 billion compared with INR 16.81 billion for the same period last year. EBITDA was INR 2.6 billion compared with INR 3.06 billion for the same period last year. LAT was INR 8.81 billion compared with INR 5.65 billion for the same period last year. EBITDA was lower primarily on account of the fixed costs of the Lanjigarh refinery during the quarter and lower Aluminium LME, partially offset by higher volumes and lower COP. PAT was lower by INR 3.16 billion primarily on account of higher interest cost. For the period, the company reported production of Aluminum in Jharsuguda of 134,000 tonnes against 124,000 tonnes a year ago.

Vedanta Aluminium Limited to Cut Jobs as Odisha Refinery

Vedanta Aluminium Limited will on December 20, 2012 inform the government about laying off staff at its alumina refinery in Odisha's Lanjigarh with no hope of an immediate revival of the plant. VAL, a unit of London-listed Vedanta Resources, was forced to close down its 1-million-tonne-per-year refinery two weeks ago because of non-availability of bauxite - the key raw material used to produce alumina. The Lanjigarh plant had been facing bauxite shortages since its commissioning in August 2007 as the state government could not fulfill its commitment of supplying bauxite from the nearby Niyamgiri Hills through its Odisha Mining Corporation,which held the lease due to regulatory and legal issues.

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