Vedanta Alumin Metal

Aug 26 (Reuters) - Vedanta Ltd VDAN.NS:

• VEDANTA RESOURCES DENIES RECENT MEDIA SPECULATION REGARDING SALE OF ITS SHAREHOLDING IN VEDANTA GROUP COMPANIES - VEDANTA SPOKESPERSON

• VEDANTA RESOURCES SAYS CURRENTLY NO PLAN TO SELL ITS SHAREHOLDING IN VEDANTA GROUP COMPANIES - VEDANTA SPOKESPERSON

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Aug 21 (Reuters) - S & S Power Switchgear Ltd SSPW.NS:

• UNIT RECEIVES ORDER FROM VEDANTA ALUMINIUM METAL FOR POT CONTROL SYSTEM

• ORDER VALUE MORE THAN 500 MILLION RUPEES

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India Ratings upgraded Vedanta Aluminium Metal’s long-term rating to IND AA+/Stable from IND AA-/Rating Watch with Developing Implications, covering its non-convertible debentures. ICRA had reaffirmed the company’s AA+/Stable rating on non-convertible debentures and bank facilities in June. Promoter group entities had encumbered shares representing 56.38% of VAML’s equity against parent-level debt. The company reported Q1 FY27 consolidated revenue of ₹21,393 crore and EBITDA of ₹10,499 crore.

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Vedanta Aluminium Metal said Bharat Aluminium Company (BALCO), its subsidiary, had been declared the preferred bidder for the Karlapat bauxite block in Odisha after a state auction. The G2-exploration block covered 1,822.61 hectares and had estimated mineral reserves of about 248 million tonnes. The company described the block as part of its strategic backward integration into the aluminium business. Vedanta Aluminium, India's largest aluminium and alumina producer, reported consolidated revenue of ₹21,393 crore in the June quarter and aluminium production of 632,000 tonnes.

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Aug 6 (Reuters) - Vedanta Aluminium Metal Ltd VEDO.NS:

• VEDANTA ALUMINIUM METAL - CLARIFIES ON REPORT OF RAISING 135 BILLION RUPEES FROM AXIS, HDFC AND ICICI BANK AFTER DEMERGER

• VEDANTA ALUMINIUM METAL - CO EVALUATES VARIOUS FINANCING AND FUNDRAISING OPPORTUNITIES TO SUPPORT ITS OPERATIONAL AND STRATEGIC OBJECTIVES

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Vedanta Aluminium Metal Limited declared a first interim dividend of ₹8 per equity share for the financial year 2026-27, with a total payout of about ₹3,128.55 crore. The record date for payment is set as 5 August. The company was listed in June 2026 following the demerger of the aluminium, power, oil and gas, and iron and steel businesses from Vedanta Ltd. VAML is India’s largest producer of aluminium and alumina, reporting quarterly aluminium output of 632,000 tonnes in the June quarter. Separately, the board approved employee stock option and share purchase plans for up to 5% of the company’s paid-up share capital, to be implemented through a trust acquiring shares from the open market.

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Adds details and background on results and CEO appointment

July 30 (Reuters) - Indian metals-to-oil conglomerate Vedanta VDAN.NS on Thursday named Arun Misra as its chief executive officer for a one-year term starting August 1, while also reporting a 72% jump in first-quarter profit.

Misra currently heads Vedanta's subsidiary Hindustan Zinc HZNC.NS and will step down to assume the new role.

Vedanta's consolidated net profit rose to 54.73 billion rupees ($572.4 million) for the quarter ended June 30, helped by higher base metal prices.

Base metal prices strengthened in the April-June period due to a mix of supply disruptions and steady demand, while geopolitical tensions in the Middle East amplified concerns about availability and logistics.

An increase in average zinc prices in the first quarter was expected to drive growth in Vedanta's India zinc business and add to its topline, according to analysts at Emkay Global.

Spot zinc prices rose 31% on-year, while copper climbed 40%, and silver prices more than doubled, according to data included in a note by Jefferies.

Higher commodity prices typically support selling prices and margins for mining companies.

Vedanta's revenue rose 51% to 234.56 billion rupees in the quarter through June.

Revenue from the company's combined India zinc and lead segment rose nearly 50%, while the copper segment delivered a 34% increase in revenue. Its India silver segment's revenue more-than-doubled.

Vedanta's net profit margins expanded to 22% from 12% a year earlier.

The firm's cost of raw materials consumed rose 37%, pushing up total expenses by 33% to 175.58 billion rupees.

Last week, Hindustan Zinc reported profit more than doubling on strong metal prices. Earlier on Thursday, Vedanta Aluminium Metal VEDO.NS, the pure-play aluminium company formed after Vedanta's demerger, reported a more than three-fold jump in profit, boosted by higher aluminium prices.

Vedanta's shares closed 1.1% higher after the results.

($1 = 95.6175 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Ronojoy Mazumdar and Sonia Cheema)

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By Neha Arora

NEW DELHI, July 24 (Reuters) - Canadian climate technology developer Enervoxa plans talks with India's Vedanta VDAN.NS, Hindalco Industries HALC.NS and state-run NALCO NALU.NS as it looks to set up a processing plant in the country to extract rare earths from a waste byproduct of aluminium production.

A commercial-scale plant would cost around $250 million to $350 million and could be financed through a combination of strategic equity and project financing, Enervoxa Chief Executive Vandit Verma told Reuters. The company is looking at potential locations in eastern India for the project, he said.

Recovering rare earth concentrates from bauxite residue — a byproduct of aluminium production known as red mud — is a relatively new commercial application that has gained momentum amid growing geopolitical concerns over China's dominance of rare earth processing.

Rare earth elements are essential to technologies spanning mobile phones, electric vehicle motors and defence applications such as cruise missiles.

India holds substantial rare earth reserves but lacks industrial-scale facilities capable of processing the minerals to high purity levels. The country is also the world's second-largest aluminium producer and its third-biggest consumer.

Enervoxa has spent eight years developing its own process to recover rare earths from red mud, Verma said in an interview on Wednesday.

In addition to aluminium producers, Enervoxa plans to approach engineering companies, steel manufacturers and critical minerals processing companies to develop an integrated value chain for the products recoverable from red mud, which also include iron oxide, coagulants, pigments and titanium-bearing materials.

The company also plans to seek Indian government assistance, Verma said.

India's Jawaharlal Nehru Aluminium Research Development and Design Centre, along with other stakeholders under government think tank NITI Aayog, is conducting research into metal extraction and rare earth element enrichment from red mud, the government said last year.

Enervoxa's project could involve either full processing of red mud within India or production of a rare earth concentrate for refining at a dedicated downstream facility, Verma said.

The company is currently focused on evaluating commercial opportunities with companies in India, North America, Southeast Asia and other alumina-producing regions, he said.

(Reporting by Neha Arora; Editing by Mayank Bhardwaj and Kevin Buckland)

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GLAS Agency (Hong Kong) Limited, acting as security trustee for holders of $1.75 billion in bonds issued by Vedanta Resources Finance II Plc, disclosed the creation of an encumbrance over 2,204.72 lakh shares of Vedanta Aluminium Metal Limited, equivalent to 56.38% of the company's equity. The encumbrance stems from covenants in trust deeds dated 13 July 2026, which restrict the promoter group from creating other encumbrances, disposing of shares except under specified conditions, and require the Vedanta Resources group to retain control or own at least 50.1% of Vedanta Aluminium. No pledging of shares has occurred. The bonds were issued on 25 June 2026.

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July 14 (Reuters) - Vedanta Ltd VDAN.NS:

• VEDANTA PLANS TO NEARLY TRIPLE ZINC AND LEAD PRODUCTION TO 3 MILLION TONNES BY 2031 - AGM

• VEDANTA CHAIR - VEDANTA ALUMINIUM TO DOUBLE CAPACITY TO 6 MILLION TONNES/YEAR OVER NEXT THREE YEARS - AGM

• VEDANTA CHAIR: WILL INVEST $5 BLN OVER THREE TO FIVE YEARS FOR VEDANTA OIL & GAS - AGM

• VEDANTA CHAIR: VEDANTA IRON AND STEEL WILL GROW FROM FOUR MILLION TONNES TO 15 MILLION TONNES ANNUALLY - AGM

• VEDANTA CHAIR - AT VEDANTA OIL AND GAS, WE AIM TO PRODUCE 500,000 BARRELS PER DAY - AGM

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July 3 (Reuters) - Vedanta Aluminium Metal Ltd VEDO.NS:

• VEDANTA ALUMINIUM METAL LTD- Q1 FY 2027 ALUMINIUM PRODUCTION UP 5% YOY

Source text: ID:nBSE2NLSTc

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