Company updateMint
Vedanta bets on captive bauxite amid pricing dispute with Odisha Mining Corp
Positive+3
GreyOak summary
Vedanta Aluminium Metal Ltd secured consent to operate its Sijimali bauxite mine, targeting 1 million tonnes of output this financial year. This move aims to replace expensive imports and offset an $8-10 per tonne cost increase from Odisha Mining Corporation. The company plans to raise captive bauxite contribution to 75% by FY27.
What it affects
- VedantaVEDLPositive +3
Secured captive bauxite to offset OMCL price hikes.Rolling sentiment Positive +33
- Metals & MiningPositive +3
Vedanta ramps up captive mining capacity.Rolling sentiment Positive +28
Source
Read the original at MintMore Vedanta news
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