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The Latest Breaking News from Vedanta

Vedanta shares jump 2% to hit fresh 52-week high. What’s behind the surge?

Vedanta shares hit a fresh record high after ICRA upgraded the company’s long-term credit rating to AA+ with a stable outlook, marking its highest domestic rating in over a decade. The upgrade reflects stronger profitability, improving leverage metrics and expectations of continued healthy cash flow generation following the group’s ongoing…

The Economic Times

Vedanta's Rs 1 lakh cr projects to be reviewed every fortnight to ensure timely completion: Odisha CM Majhi

Odisha Chief Minister Mohan Charan Majhi announced that Vedanta's proposed projects, valued over Rs 1 lakh crore, will undergo fortnightly reviews to ensure swift execution. These initiatives, including a new alumina refinery and aluminium smelter, aim to significantly boost Odisha's economy and infrastructure, creating numerous jobs and positioning the state…

The Economic Times

ONGC yet to take control of Cambay Block as Vedanta challenges govt move

ONGC has not yet taken control of the Cambay basin block CB-OS-02. Vedanta is challenging the government's decision to reject the contract extension. The Delhi High Court has ordered parties to maintain the status quo. Vedanta continues to operate the block pending the court's decision. ONGC remains ready to assume…

The Economic Times

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Vedanta arm Talwandi Sabo Power faces Rs 127 crore penalty

Vedanta's subsidiary, Talwandi Sabo Power Ltd, must pay approximately Rs 127 crore plus late payment surcharge to Punjab State Power Corporation Ltd. The Supreme Court upheld a penalty for misdeclaration of availability in January 2017. This power plant is crucial for Punjab's energy needs. The judgment restores an earlier order…

The Economic Times

It's time for a Bihar IPL team: Vedanta chairman Anil Agarwal says players like Ishan Kishan and Vaibhav Suryavanshi could produce best team in the world

Vedanta chairman Anil Agarwal is advocating for an IPL franchise for Bihar, emphasizing the state's rich cricketing talent and its right to a national identity. Highlighting players like Ishan Kishan and Vaibhav Suryavanshi, Agarwal expressed his dream of providing Bihar's youth with world-class sporting opportunities and support within the state.

The Economic Times

Vedanta demerger: What recent large demergers of Tata Motors, ITC and others tell us about possible listing timeline?

Vedanta's mega demerger has created four new entities, with investors eagerly awaiting their stock market listings. Drawing parallels from recent large demergers like Tata Motors and ITC Hotels, these new companies could see listings ranging from three weeks to several months, depending on regulatory hurdles and operational progress. Analysts suggest…

The Economic Times

India's top copper producers like Adani, Vedanta and Hindalco oppose inclusion of scrap-based rods in standards

In a major dispute, leading copper producers like Adani and Vedanta are opposing the inclusion of copper wire from secondary refiners in government quality standards, based on the argument that products made from scrap pose safety risks due to inconsistent purity. This standoff impacts a significant portion of copper wire…

The Economic Times

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Vedanta demerger: At what price will each of the four new companies list? Check cost of acquisition

Vedanta has completed its demerger, with investors awaiting the listing of four new companies. The company has shared the cost of acquisition ratios for these entities. Shareholders will receive individual cost allocations for Vedanta, Malco Energy, Talwandi Sabo Power, Vedanta Aluminium Metal, and Vedanta Iron and Steel. Analysts have provided…

The Economic Times

Vedanta, Hindalco, other metal stocks rally up to 11% in one week. Should you buy or wait? Here's what analysts say

Metal stocks are experiencing a strong rally. Shares of Adani Enterprises, Hindalco Industries, and Vedanta have surged. Analysts recommend patience. Investors should buy on dips rather than chase momentum. Several factors are driving this surge, including government import duty hikes on gold and silver. Strong industrial demand and supply disruptions…

The Economic Times

S&P upgrades Vedanta Resources rating on stronger finances, demerger

The rating upgrade reflects the company's strengthening financial operations, improving cost structures, proactive refinancing and continued deleveraging, following the group's demerger, S&P Global Ratings said in a statement.

The Economic Times

Vedanta demerger: Do you have the unlisted shares in your demat account? Here’s all you need to know

Vedanta's recent demerger has resulted in four new unlisted companies added to shareholders' demat accounts. These entities are expected to list and commence trading on BSE and NSE by mid-June, following regulatory approvals. Investors are now awaiting the market debut of these spun-off businesses.

The Economic Times

Hindustan Zinc shares surge 5% as silver prices near Rs 3 lakh/kg after import duty hike; Vedanta shares jump 4%

Government has raised import duties on gold and silver to 15 percent. This move has caused precious metal prices to surge. Hindustan Zinc and Vedanta shares saw significant jumps following the announcement. The government aims to curb imports and stabilize the rupee. Hindustan Zinc, India's largest silver producer, is expected…

The Economic Times

Vedanta chief Anil Agarwal backs PM's call to save forex, pitches for mining reforms

Vedanta Chairman Anil Agarwal urged swift mining reforms to boost domestic production of oil, gold, and other critical resources, aligning with Prime Minister Modi's call to conserve foreign exchange. Agarwal emphasized privatization and self-certification in clearances to unlock the potential of existing assets and reduce import dependency, citing Vedanta's success…

The Economic Times

Explained: Why Vedanta shares are up 4% after government's royalty cut on crude oil

Vedanta shares rallied after the Centre reduced royalty rates on crude oil and natural gas production, a move expected to lower costs for the company’s Rajasthan fields and support upstream exploration. Brokerage CLSA said the royalty cut could significantly benefit Vedanta, while investors also await the listing of its demerged…

The Economic Times

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The Independent UK

Boiler explosion ‘like a missile landing’ kills 14 workers at Vedanta power plant in India

Incident is one of the worst industrial accidents for years in Chhattisgarh, a mining and heavy industry hub

Fortune

Energy ‘vulnerable’ India seeks U.S. help to produce more oil and wean itself off Russia, Middle East reliance amid geopolitical turmoil

Cairn Oil & Gas aims to rapidly grow as India’s top private energy producer.

The Hindu

Safety and fire engineering students of Cusat bag attractive campus placements

Cusat engineering students in safety and fire engineering secure high-paying placements with top companies like GAIL and L&T.

International Business Times

Corporate India In Spotlight After Political Donor List Release

Huge donations by firms under criminal investigation or suspected of being shell companies have been funnelled to India's ruling BJP and other parties, new data showed, highlighting the backscratching ties between corporate titans and the government.

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The Hindu

SC dismisses Vedanta plea to reopen Thoothukudi copper plant, upholds poeple’s right to health

Supreme Court dismisses Vedanta's plea to reopen Thoothukudi plant, upholding Tamil Nadu's environmental protection measures.

The Hindu

Supreme Court proposes expert panel to evaluate concerns, conditions for consent to Vedanta plant to operate in Thoothukudi

The copper smelting plant was permanently shut down on the orders of the Tamil Nadu government six years ago on grounds of pollution.

The Hindu

Closure of Sterlite Copper unit in Tamil Nadu: Supreme Court to consider hearing Vedanta’s plea

India’s Supreme Court will consider Vedanta group's plea related to closure of its Sterlite Copper unit in Tamil Nadu on Jan 22.

The Times of India

Over 12,000 runners compete at 8th edition of Vedanta Pink City Half Marathon

JAIPUR: The Vedanta Pink City Half Marathon (VPCHM), an annual flagship event known for promoting health, fitness, and social causes, marked its 8th edition here on Sunday.

The Times of India

Top national athletes to compete at 8th edition of Vedanta Pink City Half Marathon on December 17

JAIPUR: The eighth edition of Vedanta Pink City Half Marathon will be held here on December 17. Top national runners and eminent personalities from Jaipur city and across the country will be seen participating in race categories of 21-km Half Marathon, 10-km Cool Run and 5-km Dream Run.

The Guardian - UK

‘We are powerless’: Indian villagers live in fear of torture in fight against bauxite mine

Adivasis in Banteji say they also face arrests, violence and harassment by police and company officials

The Hindu

Vedanta CFO Sonal Shrivastava resigns

Vedanta on October 24 said Chief Financial Officer (CFO) Sonal Shrivastava has resigned, amid a major structural overhaul announced last month.

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