Vedanta submitted an application to the TNPCB on January 9, seeking the CTO, but the board rejected it on January 27 The Tamil Nadu Pollution Control Board (TNPCB) has refused to issue a ‘consent to operate’ (CTO) to multinational business conglomerate Vedanta Ltd for establishing a ‘green copper’ plant on the Thoothukudi Sterlite plant premises, […]
Metal major Hindustan Copper on Thursday reported a 149% jump in its December quarter consolidated net profit at Rs 156 crore compared to Rs 63 crore reported in the year-ago period. The company’s revenue from operations stood at Rs 687 crore in Q3FY26, up 110% over Rs 327 crore posted in the corresponding period of […]
Shares of NALCO, Hindustan Copper and Vedanta led a sharp sell-off in metal stocks on Sunday after gold, silver and copper prices slumped, with Hindustan Copper sliding as much as 19% as a stronger U.S. dollar and profit-taking after a recent rally rattled commodity markets following U.S. President Donald Trump’s nomination of Kevin Warsh as […]
Copper headed for the longest winning run since 2017 in a December rally powered by the prospect of more stress in the supply chain. Copper prices hit a record just below $13,000 a tonne in an end-of-year surge, before paring gains. (Unsplash) The metal rose as much as 2.2% to $12,493 a ton to put […]
Billionaire Gautam Adani’s $1.2 billion copper smelter in Gujarat is receiving only a fraction of the ore required to operate the 500,000-ton-a-year plant at full capacity, as a global supply squeeze tightens. Adani’s Kutch Copper requires about 1.6 million tons of concentrate to function at full strength. (Reuters) Kutch Copper Ltd., which began processing metal […]