Vedanta Group

Vedanta Group News

Vedanta announces third dividend of Rs 17.50 per share

The mining giant’s gross debt stood at Rs 58,597 crore as on September 30.

November 22, 2022 18:16 IST

Moody’s downgrades Vedanta corporate family rating

Moody’s Investors Service on Monday downgraded the corporate family rating (CFR) of Vedanta Resources (VRL) to ‘B3’ from ‘B2’, citing…

November 1, 2022 03:30 IST

Vedanta sees chip business break-even in 5 years’ time

As per the MoUs signed by both parties, the Gujarat government will facilitate the investor in obtaining necessary permissions and…

September 14, 2022 06:00 IST

Gujarat is Vedanta’s pick for $20-billion semiconductor foray

The Vedanta Group has an initial investment plan of $2 billion for the semiconductor unit which would go up to…

September 13, 2022 06:00 IST

CSR: Industry calls for progressive capitalism, see benefits percolating down

Dr Bhaskar Chatterjee, the architect of mandatory CSR in India, expressed satisfaction at the change in mindset of corporate leadership…

August 4, 2022 20:20 IST

Vedanta net profit rises 5 pc to Rs 4,421 crore in April-June

The diversified natural resources company had posted a consolidated net profit of Rs 4,224 crore in the year-ago period, Vedanta…

July 28, 2022 18:21 IST

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…

July 26, 2022 18:01 IST

India’s exploration, production policy should be liberalised for metals, minerals, says Anil Agarwal

The country, he said, is a powerhouse of talent and on the path of making advances in the world of…

July 18, 2022 19:37 IST

Liquidity stress eases for Vedanta Resources: S&P

The rating agency also said that while Vedanta Resources still has some funds to raise, it has sufficient cash at…

July 14, 2022 17:09 IST

Agarwal said Vedanta is confident of getting global orders once its semiconductor manufacturing unit is up and running in India. The company is already into manufacturing fab glasses and optic fibre globally, so it is not going to be a new business.

We can create a Silicon Valley in India: Vedanta chairman Anil Agarwal

“Today we only have branded products like mobile phones etc., once we have the raw material also (chips), the cycle…

May 12, 2022 04:10 IST

Large dividend from India unit boosts Vedanta Resources’ refinancing efforts, says Moody’s

VRL has launched a tender offer to purchase for cash up to USD 500 million of its USD 1 billion…

May 2, 2022 15:42 IST

Supreme Court rejects Electrosteel Castings’s plea in insolvency case

ESL said that since DRT, Chennai has reserved its judgement, the National Company Law Tribunal (NCLT) proceedings initiated by UVA…

Updated: March 28, 2022 20:17 IST

Vedanta to invest $1.5 billion across oil, zinc, steel business

Its board at a meeting on Friday approved USD 687 million capital spending for drilling of new wells at the…

March 25, 2022 20:05 IST

The company had posted a consolidated net profit of Rs 3,299 crore in the year-ago period, Vedanta Ltd said in a filing to the BSE. (File/IE)

Vedanta Q3 net profit rises 26% to Rs 4,164 crore

Its consolidated income during the October-December period increased to Rs 34,674 crore from Rs 23,621 crore in the year-ago period.

January 28, 2022 16:32 IST

Videocon insolvency: Lenders make U-turn, want fresh bids

SBI, the leading lender of Videocon Industries, has approached the NCLAT requesting for a rebidding of the 13 companies of…

September 20, 2021 19:28 IST

Sterlite Plant Oxygen Vedanta Tamil Nadu

Oxygen Crisis: Vedanta’s Sterlite plant to produce Oxygen, other units to remain closed

The Supreme Court had questioned the Tamil Nadu government as to why it cannot take over the Sterlite copper unit…

April 27, 2021 08:44 IST

Vedanta resources, high yield dollar bonds, bond market, billionaire Anil Agarwal, Vedanta credit ratings, Moody’s Investors Service

Vedanta promoter group looks to increase stake by 10%, move aimed at another delisting attempt?

Since the beginning of November, shares of Vedanta Limited have surged more than 80%. The move to increase shareholding comes…

January 11, 2021 13:29 IST

Vedanta shares surge 13%, hit 52-week high as promoters make bid to scoop up shares from open market

The move comes months after the promoters tried to delist the firm at a heavy discount. On Thursday, shares of…

Updated: December 24, 2020 11:57 IST

Market Highlights: Sensex tanks 580 pts, closes deep in red, Nifty below 12,800; financials drags indices lower

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Sensex and Nifty ended deep in the red, snapping their…

Updated: November 19, 2020 16:32 IST

When contacted, Vedanta spokesperson refused to comment on the debt position or impact on revenues due to the shutdown of copper and iron ore businesses.

Vedanta delisting: At what price must investors sell shares? Fair value much higher than floor price

Proxy advisor and a corporate governance research firm Stakeholders Empowerment Services (SES), said that investors must ignore floor price, book…

October 6, 2020 13:09 IST

Vedanta arm ‘Sterlite Ports’ wins tender to redevelop Mormugao port in Goa

Metals major Vedanta today said its subsidiary Sterlite Ports will redevelop Mormugao port in Goa on Develop, Build, Finance, Operate…

April 15, 2016 20:45 IST

Post rating downgrade, Vedanta ups interest rate on debentures

Vedanta, the mining and metals player, has increased the coupon rate on non-convertible debentures issued by it in August 2015…

Updated: April 9, 2016 08:24 IST

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