As Indian players strive for cost competitiveness, their global peers are formulating cost reduction strategies.
Captive mining remains a cornerstone in the cost strategies of Indian producers. Moreover, an increased focus on the use of green energy and consequent cost reduction is a common path forward for both Indian and global aluminium makers.
"Vedanta Aluminium is rapidly progressing towards becoming the world's lowest-cost producer through comprehensive vertical integration and capacity expansion strategies," said John Slaven, chief executive officer of Vedanta Aluminium, in response to Business Standard.
The company's cost of production (COP) as of December 2023 was $1,735 per tonne, claimed to be in the lowest quartile globally.
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Indian-American Bruhat Soma wins National Spelling Bee
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Tata Capital eyes 35% rise in FY25 retail loans
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NIFTY SEES RARE DECLINE AFTER 3 MONTHS OF GAIN
The benchmark Nifty ended May with a decline of 0.3 per cent, snapping its three-month winning streak, amid heightened volatility.
After rally, NMDC stock to price in positives
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Some economic sectors trading at ‘euphoric valuations
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