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Vedanta Aluminium shares jump over 3% as Emkay starts coverage with Buy call. 3 reasons why
Vedanta Aluminium shares surged after Emkay initiated coverage with a 'Buy' rating and a Rs 550 target, citing strong medium-term prospects. The brokerage anticipates a global aluminium deficit through 2028, driven by robust demand and supply constraints. Emkay believes structural cost reductions through backward integration will fuel earnings growth, positioning Vedanta Aluminium as a low-cost producer with a favourable risk-reward profile.
Vedanta's CopperTech Metals postpones US IPO amid market volatility
The company, which was targeting a valuation of up to $3.57 billion, said it would defer the NYSE listing because of volatility across the global copper equity sector
Adani Ports to sell 49% stake in Vizhinjam port to MSC's TiL for $1.4 billion
Adani Ports and Special Economic Zone will sell a 49% stake in Adani Vizhinjam Port to MSC Group's Terminal Investment Ltd. for $1.397 billion, valuing the Kerala port at $2.85 billion. The deal aims to expand capacity, boost cargo traffic and strengthen global trade connectivity, subject to approvals.
'Higher-for-longer' aluminium cycle to lift producer stocks
Indian aluminium giants Vedanta Aluminium and Hindalco Industries are poised for significant gains, with analysts predicting around 20% growth over the next 9-12 months. Despite recent price dips, a global supply deficit is expected to bolster metal prices. Investors are advised to capitalize on the current market correction to accumulate shares, anticipating strong performance driven by cost improvements, volume expansion, and stabilizing international operations.
Sagar Adani Calls For Faster Electrification At Global Energy Dialogue In London
Speaking at the inaugural Adani Green Energy Dialogue at London's Science Museum during London Climate Action Week, Adani said countries could no longer view electrification as optional if they wanted resilient economic growth and greater energy independence.
Adani Airports to invest Rs 20,000 crore in airport cities spanning 655 acres
Adani Airport City Limited is investing over ₹20,000 crore to build integrated airport cities across six Indian airports. These developments will feature hospitality, retail, and commercial spaces on 655 acres, aiming to transform airports into hubs for commerce and urban growth. The initiative, inspired by global airport districts, prioritizes sustainability and aims to create vibrant urban destinations.
Why S&P just upgraded Adani Ports' credit rating
S&P Global Ratings has upgraded Adani Ports' credit rating, citing stronger cash flows and a sharp reduction in debt levels compared with two years ago.
Adani Ports Upgraded To 'BBB' By S&P Global As Strong Cash Flows Support Expansion Plans
The global ratings agency also upgraded the rating on Adani Ports' senior unsecured notes to 'BBB' and assigned a stable outlook, reflecting its expectation that the company will maintain a net debt-to-EBITDA ratio of around 2.6 times over the next 12 to 24 months despite elevated capital expenditure.
Vedanta, NALCO, Hindustan Zinc shares fall up to 3% as silver, aluminium, other metal prices tumble. Here's why
Metal stocks including Vedanta, NALCO and Hindustan Zinc fell up to 3% as global metal prices declined sharply. A stronger US dollar, easing Middle East tensions and rising expectations of a Fed rate hike pressured commodities like silver, aluminium, copper and zinc, triggering a broad-based pullback in the metal pack.
Tata Steel pumps ₹1,625 crore into Singapore arm as global investment push continues
Tata Steel has invested ₹1,625 crore in its Singapore-based subsidiary T Steel Holdings. The move is part of a larger investment programme that allows the steelmaker to invest up to $26.21 billion in the overseas unit.
Industry must adopt emerging tech to boost productivity, remain competitive: Steel Minister
Union Steel Minister HD Kumaraswamy has urged the Indian steel industry to embrace emerging technologies like AI and IoT to boost global competitiveness and productivity. Speaking at a digitalization seminar, he emphasized that future success hinges on intelligent ecosystems, not just capacity. The minister highlighted the government's ambitious steel production targets, driven by infrastructure and manufacturing growth, and stressed that digitalization is crucial for long-term survival and enhanced safety.
Adani Group targets 10 GW nuclear power capacity by 2035
Adani Group is venturing into nuclear power, aiming for 10 GW capacity by 2035 to bolster India's energy security amidst global uncertainties. Chairman Gautam Adani announced land acquisition for Adani Atomic Energy, a significant addition to the conglomerate's integrated power platform. This move aligns with accelerated investments across the energy value chain, from mining to clean energy technologies, underscoring a commitment to reliable, affordable, and round-the-clock power for the nation.