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Vedanta Group

Vedanta.

Vedanta Board Approves Rs 7,621 Crore Interim Dividend For FY23

The board also accepted the resignation of Ajay Goel from the post of Acting Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective from the close of business hours on April 9

28 March 2023

Vedanta.

Vedanta Denies Stake Sale, Says Claims Are 'Untrue' And 'Baseless'

The media report said that stake sale in Vedanta is a last resort for Agarwal and will only be considered if other fundraising options fail

23 March 2023

Vedanta

Vedanta Cuts Debt By $2 Billion Ahead Of Due Date

Vedanta Resources had a net debt of USD 9.66 billion as of March 31, 2022, according to an investor presentation on its website

15 February 2023

Vedanta

Vedanta Seeks RBI Approval To Provide Guarantees For $1 Billion Loan: Report 

The global lenders in talks with Vedanta have reportedly sought 800 basis points over the present secured overnight financing rate (SOFR) of 4.55 per cent

25 March 2023

Vedanta.

Vedanta Aluminium Signs Pact With Dalmia Cement To Supply Industrial Wastes

Vedanta Aluminium is a preferred supplier of high-quality fly ash to some of the country's leading cement producers, fostering industrial collaboration for the production of low-carbon cement

14 March 2023

Vedanta

Vedanta Aluminium Raises $250 Million Via Sustainability Linked Loans

This will power the company’s growth which includes the production of value-added aluminium products among others

31 January 2023

Anil Agarwal

Windfall Tax: Vedanta Deducts $91 Million From Government's Profit To Make Up For Tax Paid

Vedanta on January 31 and on February 20 informed the ministry of petroleum and natural gas that it has made a deduction of $85.35 million for SAED paid on its prolific Rajasthan block, RJ-ON-90/1, and another $5.50 million...

24 March 2023

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Vedanta Q3 Net Profit Drops 41%

Vedanta Q3 Net Profit Drops 41%

The company posted a consolidated net profit of Rs 4,164 crore in the year-ago period, Vedanta Ltd said in a BSE filing

27 January 2023

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20 January 2023
Vedanta To Sell Zinc International Assets To Hindustan Zinc For $2,981 Million

Vedanta To Sell Zinc International Assets To Hindustan Zinc For $2,981 Million

Vedanta holds 64.92 per cent of the equity share capital of HZL


13 December 2022
Vedanta Inks Pacts With 30 Japanese Firms To Develop Indian Semiconductor Manufacturing Ecosystem

Vedanta Inks Pacts With 30 Japanese Firms To Develop Indian Semiconductor Manufacturing Ecosystem

The pacts were signed at the Vedanta-Avanstrate Business Partners Summit 2022 held last week at Tokyo, Japan.


22 November 2022
Vedanta Announces Third Dividend Of Rs 17.50 Per Share

Vedanta Announces Third Dividend Of Rs 17.50 Per Share

The record date for the purpose of payment of dividend is November 30, the company said, adding the interim dividend will be paid within stipulated timelines...


22 November 2022
NARCL Proposes Bid To Purchase VOVL’s Debt: Report

NARCL Proposes Bid To Purchase VOVL’s Debt: Report

A binding bid of Rs. 860 crores was made last week by NARCL to purchase the debt of VOVL.


22 November 2022
Vedanta Is India’s Top Dividend Payer. But Do You Know How Net Dividend Yield Is Calculated?

Vedanta Is India’s Top Dividend Payer. But Do You Know How Net Dividend Yield Is Calculated?

Amateur investors often believe that when companies declare a four-digit percentage dividend, their investments will double, or even triple. But that is a...


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15 November 2022
Vedanta Plans To Exit Steel Business, Looks To Sell Electrosteel: Report

Vedanta Plans To Exit Steel Business, Looks To Sell Electrosteel: Report

In the summer of 2018, Vedanta beat Tata Steel to take over ESL for Rs 5,320 crore. While Electrosteel initially was a subsidiary of Electrosteel Castings,...


28 October 2022
Vedanta Profit Declines 61% To Rs 1,808 Crore In July-September Period

Vedanta Profit Declines 61% To Rs 1,808 Crore In July-September Period

The company had posted a consolidated net profit of Rs 4,615 crore in the year-ago period, Vedanta Ltd said in a regulatory filing


07 October 2022
Gehlot Invites Vedanta Group To Set-Up Semi-Conductor Chip Industry In Rajasthan

Gehlot Invites Vedanta Group To Set-Up Semi-Conductor Chip Industry In Rajasthan

Rajasthan Chief Minister Ashok Gehlot has invited Vedanta Group to set up its semiconductor chip manufacturing industry in Rajasthan amid a tussle for the...


29 September 2022
Vedanta Increases Sourcing Of Green Energy To 1 GW; Seeks Supplier For Additional 500 MW

Vedanta Increases Sourcing Of Green Energy To 1 GW; Seeks Supplier For Additional 500 MW

The company has invited expression of interest for supply of hybrid renewable power for its manufacturing units in Rajasthan, Chhattisgarh and Odisha


23 September 2022
Vedanta's Proposal To Transfer Rs 12,587 Crore From Reserves Gets Proxy Advisory Firm's Backing

Vedanta's Proposal To Transfer Rs 12,587 Crore From Reserves Gets Proxy Advisory Firm's Backing

Vedanta has convened a meeting of shareholders of the company on October 11 for approval of a scheme of arrangement


19 September 2022
Vedanta Resources' Semiconductor Plans Won't Chip Away At Liquidity: S&P Global Ratings

Vedanta Resources' Semiconductor Plans Won't Chip Away At Liquidity: S&P Global Ratings

Vedanta and its partner and Taiwanese electronics manufacturing giant Foxconn last week signed a pact with the Gujarat government for setting up a...


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15 September 2022
Anil Agarwal Reveals How Gujarat Was Picked Over Maharashtra For Vedanta & Foxconn’s Semiconductor Plant

Anil Agarwal Reveals How Gujarat Was Picked Over Maharashtra For Vedanta & Foxconn’s Semiconductor Plant

Vedanta has partnered with Foxconn through a 60:40 joint venture to set up an integrated display and semiconductor fabrication ecosystem in the country


14 September 2022
Vedanta Picks Gujarat To Set Up Semiconductor Manufacturing Unit; Invests Rs 1.54 Lakh Crore 

Vedanta Picks Gujarat To Set Up Semiconductor Manufacturing Unit; Invests Rs 1.54 Lakh Crore 

This is the biggest ever corporate investment in the history of independent India, said Gujarat Science and Technology Department Secretary Vijay Nehra, who...


26 July 2022
Closure Of Vedanta's Copper Unit Results In Rs 14,749 Crore Loss To Economy: Report

Closure Of Vedanta's Copper Unit Results In Rs 14,749 Crore Loss To Economy: Report

The report comes a month after Vedanta putting on sale its copper unit which was shut four years ago after 13 people were killed in a police firing on...


28 April 2022
Vedanta Q4 Results: Net Profit drops 5% to Rs 7,261 crore

Vedanta Q4 Results: Net Profit drops 5% to Rs 7,261 crore

The revenue from operations climbed to Rs 39,342, up 41.14 per cent from Rs 27,874 crore in the year ago quarter.


21 April 2022
Government May Take Fresh Look At BPCL Privatisation, Revise Terms Of Sale

Government May Take Fresh Look At BPCL Privatisation, Revise Terms Of Sale

The government is selling its entire 52.98 per cent stake in BPCL for which three expressions of interest (EoIs), including one from billionaire Anil...


21 April 2022
Government Can Earn More Money By Share Sales: Vedanta Chairman

Government Can Earn More Money By Share Sales: Vedanta Chairman

The comments from Agarwal, who has taken over a few central units through the divestment process in the past, assume importance as the government has been...


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