Vedanta Aluminium announced a major milestone in its ongoing expansion efforts to be amongst the top 3 global players with 3 million tonnes per annum (MTPA) of aluminium production capacity. In a significant step towards achieving 100% vertical integration, the company today announced the successful commissioning of the new 1.5 MTPA expansion at its world-class alumina refinery in Lanjigarh, Odisha. This additional 1.5 MTPA capacity is a part of the company’s new 3 MTPA facility, which will take the overall nameplate capacity at the Lanjigarh refinery from an existing 2 MTPA to 5 MTPA.

Domestic equity benchmarks ended almost flat today, despite some global jitters. The Nifty50 ended near 22,450, supported by PSU banks and IT stocks. This subtle optimism stems from strong domestic manufacturing data and hopes for positive upcoming earnings. However, strong US economic data dampens expectations of a June Fed rate cut. All eyes are now on the Fed Chair’s speech later today for hints on future monetary policy. A dovish tone could potentially calm global markets.

The offer received bids for 1.41 crore shares as against 4.12 crore shares on offer.

Post allotment of equity shares, the paid up equity share capital has increased to Rs 28,834,620,387.50 divided into 5,668,852,162 fully paid-up equity shares of Rs 5/- each and 392,287,662 partly paid-up equity shares of Rs 5/- each (paid-up value Rs 1.25/- each); and Outstanding principal value of FCCBs, as listed at Singapore Exchange Limited, stands
reduced to USD 238.971 million.

Market overshadowed upbeat data which showed Chinas services activity growth picked up in March as new business rose at the quickest pace in 3 months.