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Vedanta Group

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

29 September 2022

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


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 protestors agitating against alleged pollution by the unit


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

23 September 2022

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 signed the MoU on behalf of the state government


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.

28 April 2022

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 semiconductor factory in Gujarat

19 September 2022

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BPCL.

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 Agarwal-led Vedanta Group, have been received.

21 April 2022

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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...


06 March 2022
Selling Shares During Talks To Panama Papers: The Saga Of Cairn Retro Tax

Selling Shares During Talks To Panama Papers: The Saga Of Cairn Retro Tax

The government late last month refunded about Rs 7,900 crore it had collected from selling residual shares of the British firm in its erstwhile India unit,...


03 March 2022
Societe Generale Sells Vedanta Shares Worth Rs 880 Crore

Societe Generale Sells Vedanta Shares Worth Rs 880 Crore

According to bulk deal data available with the National Stock Exchange (NSE), Societe Generale sold a total of 2,2,450,200 shares, amounting to 0.6 per cent...


24 February 2022
Indian Government Pays Cairn Rs 7,900 Crore To Settle Retro Tax Dispute

Indian Government Pays Cairn Rs 7,900 Crore To Settle Retro Tax Dispute

The company, which is now known as Capricorn Energy PLC, in a statement, said it has received "net proceeds of $1.06 billion", of which nearly 70 per cent will...


21 February 2022
Cairn Vedanta Makes Oil Discovery In Rajasthan block

Cairn Vedanta Makes Oil Discovery In Rajasthan block

The block is one of the 41 areas that the company had won in the first round of the open acreage licensing policy (OALP) bid round in October 2018.


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16 February 2022
Moody's Changes Vedanta's Outlook From Stable To Negative

Moody's Changes Vedanta's Outlook From Stable To Negative

The rating agency affirmed Vedanta Resources Ltd's (VRL) B2 corporate family rating (CFR) and the B3 rating on the senior unsecured notes issued by VRL and...


14 February 2022
Vedanta, Foxconn Team Up To Manufacture Semiconductors In India

Vedanta, Foxconn Team Up To Manufacture Semiconductors In India

Vedanta is the first company to make the announcement to invest in semiconductor manufacturing after the government announced a Rs 76,000-crore programme to...


28 January 2022
Vedanta Net Profit Rises 26% To Rs 4,164 Crore In December Quarter

Vedanta Net Profit Rises 26% To Rs 4,164 Crore In December Quarter

The consolidated income of the company during the October-December period increased to Rs 34,674 crore over Rs 23,621 crore earlier.


26 January 2022
Vedanta Demerger Call By March-end: Anil Agarwal

Vedanta Demerger Call By March-end: Anil Agarwal

While the zinc business is already housed in a listed subsidiary, the plan is to demerge the aluminum, iron and steel, and oil and gas businesses into...


23 January 2022
Vedanta Group To Set Up $10 Billion Fund For Acquire Government Assets

Vedanta Group To Set Up $10 Billion Fund For Acquire Government Assets

 Metals and mining magnate Anil Agarwal's group has expressed interest to acquire the government stake in Bharat Petroleum Corporation Ltd (BPCL) and SCI,...


21 January 2022
Hindustan Zinc Net Profit Rises 23% To Rs 2,701 Crore In Q3

Hindustan Zinc Net Profit Rises 23% To Rs 2,701 Crore In Q3

 Its consolidated income during October-December 2021 period increased to Rs 8,269 crore, compared with Rs 6,483 crore a year ago.


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14 January 2022
Vedanta To Invest In Saudi Arabia's Mineral Sector

Vedanta To Invest In Saudi Arabia's Mineral Sector

The company is already in discussions with stakeholders in Saudi Arabia, which is aiming to become a mineral hub in the Middle East.


12 January 2022
NCLAT Disposes Of Telecom Department Petition Against Videocon Resolution Plan

NCLAT Disposes Of Telecom Department Petition Against Videocon Resolution Plan

A two-member bench observed that the appellate tribunal earlier this month had already set aside the June 8 order passed by the Mumbai bench of the National...


06 November 2021
Vedanta Clarifies It Has Nothing To Do With Cairn Energy PLC's Retrospective Tax Dispute Case

Vedanta Clarifies It Has Nothing To Do With Cairn Energy PLC's Retrospective Tax Dispute Case

The tax dispute dates back to 2006-07 when Cairn UK transferred shares of Cairn India Holdings to its Indian arm, Cairn India. It eventually exited the Indian...


22 May 2021
Anti-Sterlite Agitation: Tamil Nadu Govt To Compensate 93 Arrested Protesters With Rs 1 Lakh

Anti-Sterlite Agitation: Tamil Nadu Govt To Compensate 93 Arrested Protesters With Rs 1 Lakh

The state government has also decided to withdraw cases against most protesters


23 April 2021
‘People Dying Due To Lack Of Oxygen’, Why Can’t TN Govt Take Over Vedanta’s Unit To Produce It, Asks SC

‘People Dying Due To Lack Of Oxygen’, Why Can’t TN Govt Take Over Vedanta’s Unit To Produce It, Asks SC

The Supreme Court was hearing Vedanta’s plea seeking opening of its Sterlite copper unit at Tuticorin on the ground that it would produce thousand tonnes of...


09 March 2019
Arrest Of Lingaraj Azad Part Of Odisha Govt’s Efforts To Provide Fresh Lease Of Life To Vedanta

Arrest Of Lingaraj Azad Part Of Odisha Govt’s Efforts To Provide Fresh Lease Of Life To Vedanta

Activists and civil society organisations from across the country are up in arms over the arrest of Lingaraj Azad, the leader of Niyamgiri Suraksha Samiti...


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