News

Anil Agarwal Foundation Invests Rs.437 Crore to Transform 1.73 Crore Lives Across India in FY2023-24 The Anil Agarwal Foundation (AAF), the social impact arm of Vedanta Limited, has announced its impactful social initiatives for FY2023-24, contributing Rs.437 crore to transform the lives of over 1.73 crore individuals across India. The Foundation's annual Social Impact Compendium, titled "Nurturing, Transforming, Leading: India’s Growth Story", showcases its 153 high-impact social projects, which spanned over 1,200 villages and...
Anil Agarwal Foundation Invests Rs.437 Crore to Transform 1.73 Crore Lives Across India in FY2023-24
Anil Agarwal Foundation Invests Rs.437 Crore to Transform 1.73 Crore Lives Across India in FY2023-24
Source: PR Agency
2024-11-20 02:23:39 pm
Stock of the day : Vedanta Ltd For Target Rs. 495 - Religare Broking Vedanta Ltd * Buying interest is seen throughout the metal space, and VEDL is among the strongest counters. * Stock is under rising trend with major support at 100EMA and its rising trend line. * Recently, stock rebounded from the 100 EMA zones and has formed strong consolidation base. * Stock likely to continue its positive trend and we maintain momentum buy on the stock. * Traders can accumulate the stock in the mentioned range for a given target. Buy Vedanta Ltd&...
Stock of the day : Vedanta Ltd For Target Rs. 495 - Religare Broking
Stock of the day : Vedanta Ltd For Target Rs. 495 - Religare Broking
Source: Religare Broking Ltd
2024-11-06 10:44:00 am
Vedanta moves up as its Cairn Oil & Gas inks MoU to join UNEP`s OGMP 2.0 Vedanta is currently trading at Rs. 459.20, up by 0.50 points or 0.11% from its previous closing of Rs. 458.70 on the BSE. The scrip opened at Rs. 458.80 and has touched a high and low of Rs. 464.90 and Rs. 457.20 respectively. So far 101718 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 523.60 on 30-Sep-2024 and a 52 week low of Rs. 230.40 on 06-Nov-2023. Last one week high and low of the scrip stood at Rs. 47...
Vedanta moves up as its Cairn Oil & Gas inks MoU to join UNEP`s OGMP 2.0
Vedanta moves up as its Cairn Oil & Gas inks MoU to join UNEP`s OGMP 2.0
Source: Accord Fintech
2024-11-05 12:34:54 pm
GreenLine partners with Sterlite Copper to enhance sustainable logistics GreenLine Mobility Solutions Ltd, a key player in Essar's Green Mobility initiative, has announced its partnership with Sterlite Copper, a unit of Vedanta Ltd, to advance the deployment of its liquefied natural gas (LNG) powered vehicles and further decarbonise Sterlite Copper's transportation operations. The partnership was initiated with the flag-off of LNG trucks at Vedanta's Sterlite Copper Plant in Silvassa. These LNG vehicles will be transporting finished goods to the no...
GreenLine partners with Sterlite Copper to enhance sustainable logistics
GreenLine partners with Sterlite Copper to enhance sustainable logistics
Source: IANS
2024-09-26 04:36:48 pm
Buy Vedanta Ltd For Target Rs.510 By Geojit Financial Services Ltd Robust performance, margin widens Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, has operations in several sectors such as oil and gas, zinc, lead, silver, copper, iron ore, steel, aluminum and power across India and other parts of the world. * In Q1FY25, revenue increased 5.7% YoY to Rs. 35,239cr, driven by favourable prices across segments. * EBITDA soared 54.9% YoY to Rs. 9,945cr. EBITDA margin expanded 890bps YoY on account of structural cost saving initiatives across busin...
Buy Vedanta Ltd For Target Rs.510 By Geojit Financial Services Ltd
Buy Vedanta Ltd For Target Rs.510 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-08-22 11:34:00 am
Indian miner Vedanta boosts stake sale in Hindustan Zinc to top $950 million Indian miner Vedanta Ltd will sell a 3.3% stake worth more than $950 million in unit Hindustan Zinc, it said on Wednesday, bigger than the 2.6% stake it initially planned to hive off. Vedanta said it will sell 140 million Hindustan Zinc shares. That values the sale at 80.05 billion rupees (about $954 million), based on Hindustan Zinc stock's closing price of 571.75 rupees on Wednesday. The stock dropped 1.4% on the day. Vedanta had said after the markets closed on Tuesday that it...
Indian miner Vedanta boosts stake sale in Hindustan Zinc to top $950 million
Indian miner Vedanta boosts stake sale in Hindustan Zinc to top $950 million
Source: Reuters
2024-08-14 04:06:54 pm
Buy Vedanta Ltd For Target Rs.478 By Centrum Broking Ltd Vedanta (VEDL IN) reported in line with our estimate adjusted EBITDA of Rs99.5bn, up 13% QoQ (CentrumE: Rs98.7bn). The outperformance in aluminum, power, Zinc India, Steel business and Zinc International was offset by underperformance in Oil and gas and Copper segment. Ex-HZ, EBITDA was Rs51.3bn, up 17% QoQ due to higher profitability in aluminium business (up 48% QoQ), zinc international, power and steel business. VEDL is witnessing various positive developments – 1) Capacity expansion...
Buy Vedanta Ltd For Target Rs.478 By Centrum Broking Ltd
Buy Vedanta Ltd For Target Rs.478 By Centrum Broking Ltd
Source: Centrum Broking Ltd
2024-08-08 05:58:20 pm
Neutral Vedanta Ltd For Target Rs.460 By Motilal Oswal Financial Services Operating performance in line; lower tax outgo leads to APAT beat Consolidated performance * Vedanta (VEDL) posted consol. net sales of INR358b (+6% YoY/flat QoQ), in line with our estimate. The growth was driven by favorable market prices. * VEDL’s consolidated EBITDA came at INR99b (+55% YoY and +13% QoQ) vs. our estimate of INR95b. * APAT for the quarter stood at INR36b (+320% YoY and +130% QoQ) against our estimate of INR26b, on account of lower tax outgo. * VEDL&rsq...
Neutral Vedanta Ltd For Target Rs.460 By Motilal Oswal Financial Services
Neutral Vedanta Ltd For Target Rs.460 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd Ltd
2024-08-07 05:23:20 pm
India's Hindustan Zinc Q1 profit rises on higher prices Hindustan Zinc reported its first profit rise after six consecutive quarters of decline on Friday, as higher zinc prices and demand supported the Indian miner. The company's net profit rose 19.4% to 23.45 billion rupees ($280.1 million)in the April-June quarter. Analysts, on an average, had expected a profit of 22.83 billion rupees, as per LSEG data. Zinc, lead, and silver have displayed sharp price momentum during the quarter, registering yearly growth between 5% and 19%. Supply sh...
India's Hindustan Zinc Q1 profit rises on higher prices
India's Hindustan Zinc Q1 profit rises on higher prices
Source: Reuters
2024-08-02 04:10:07 pm
Stock Picks : Vedanta Ltd And REC Ltd By ICICI Direct Vedanta Ltd Buy Vedanta Ltd @ 452-453 Target 459.00 Stop Loss 448.80   REC Ltd Buy REC Ltd @ 616-630 Target 674.00 Stop Loss 599.00   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Vedanta Ltd And REC Ltd By ICICI Direct
Stock Picks : Vedanta Ltd And REC Ltd By ICICI Direct
Source: ICICI Direct
2024-08-01 11:12:48 am
Vedanta surges on bagging two critical mineral blocks in Karnataka, Bihar Vedanta is currently trading at Rs. 442.40, up by 2.60 points or 0.59% from its previous closing of Rs. 439.80 on the BSE. The scrip opened at Rs. 441.90 and has touched a high and low of Rs. 447.45 and Rs. 437.90 respectively. So far 1042336 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 506.85 on 22-May-2024 and a 52 week low of Rs. 207.85 on 28-Sep-2023. Last one week high and low of the scrip stood at Rs. 4...
Vedanta surges on bagging two critical mineral blocks in Karnataka, Bihar
Vedanta surges on bagging two critical mineral blocks in Karnataka, Bihar
Source: Accord Fintech
2024-07-22 03:49:45 pm
Vedanta Regains Control of Konkola Copper Mines in Zambia Vedanta Resources Holdings Limited (“VRHL” or “Vedanta Holdings” or “Vedanta”), the diversified global mining, metals, natural resources, energy, and technology conglomerate today confirmed that it has paid USD 245.75 million in line with its commitment under the KCM scheme of arrangement. This paves the way for the imminent reinstatement of the Board of Directors of the KCM and the return of full management control to Vedanta, which is a necessary first st...
Vedanta Regains Control of Konkola Copper Mines in Zambia
Vedanta Regains Control of Konkola Copper Mines in Zambia
Source: PR Agency
2024-07-21 03:28:43 pm
Vedanta Resources pays $246 million dues to help revive operations at Zambian copper mine UK-based Vedanta Resources, parent of India's Vedanta, has settled dues worth $245.75 million to help revive operations in Konkola copper mines (KCM) in Zambia as part of a deal to take back the mines, the Indian miner said on Friday. The miner, owned by billionaire Anil Agarwal, had in November 2023 regained control of the copper mines and smelter, which the Zambian administration had seized in 2019, but needed to pay creditors of the mines to revive operations. Vedanta Resources g...
Vedanta Resources pays $246 million dues to help revive operations at Zambian copper mine
Vedanta Resources pays $246 million dues to help revive operations at Zambian copper mine
Source: Reuters
2024-07-19 09:52:00 am
Vedanta rises on launching qualified institutional placement Vedanta is currently trading at Rs. 462.25, up by 2.85 points or 0.62% from its previous closing of Rs. 459.40 on the BSE. The scrip opened at Rs. 468.65 and has touched a high and low of Rs. 470.50 and Rs. 459.40 respectively. So far 487244 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 506.85 on 22-May-2024 and a 52 week low of Rs. 207.85 on 28-Sep-2023. Last one week high and low of the scrip stood at Rs. 47...
Vedanta rises on launching qualified institutional placement
Vedanta rises on launching qualified institutional placement
Source: Accord Fintech
2024-07-16 11:46:09 am
Vedanta Dedicated to Supporting India`s Dream of Atmanirbhar Bharat in Natural Resources: Anil Agarwal Vedanta’s Chairman, Anil Agarwal highlighted the company’s role in India’s dream of an ‘Atmanirbhar Bharat,’ as well as the conglomerate’s growth plans and investments in projects at its 59 th Annual General Meeting. He also discussed Vedanta’s role in India’s aspiration of global leadership in critical minerals, technology and renewable energy. “As we stand on the brink of an amazing transformation, our josh is high,” Agarwal said. ...
Vedanta Dedicated to Supporting India`s Dream of Atmanirbhar Bharat in Natural Resources: Anil Agarwal
Vedanta Dedicated to Supporting India`s Dream of Atmanirbhar Bharat in Natural Resources: Anil Agarwal
Source: PR Agency
2024-07-11 11:01:13 am
Neutral Vedanta Ltd For Target Rs.500 By Motilal Oswal Financial Services Well positioned; focus on structural cost rationalization to drive earnings * We visited Vedanta (VEDL)’s Jharsuguda plant in Odisha, Dariba (SK Mines), and Barmer block in Rajasthan to get a deeper understanding of its processes and operations. ? Jharsuguda is the world’s largest single-location smelter, with a capacity of 1.8mtpa; it also has a 3.6 GW captive power plant. The Dariba Smelting Complex currently has a smelting capacity of 240ktpa for zinc, and 120ktpa for lead, ...
Neutral Vedanta Ltd For Target Rs.500 By Motilal Oswal Financial Services
Neutral Vedanta Ltd For Target Rs.500 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-07-08 03:34:53 pm
Stock of the day : Vedanta Ltd For Target Rs.495 - Religare Broking Vedanta Ltd. * Selective Metal stocks are showing some traction and VEDL among the pack has registered a breakout on the daily chart. * The stock has recorded a breakout from intermediate falling resistance trendline holding above its short term moving average. * Considering price action and volume activity, prices looks set to surpass its previous swing high. * Traders can consider fresh longs in the mentioned range     Buy Vedanta Ltd CMP 469.10 ...
Stock of the day : Vedanta Ltd For Target Rs.495 - Religare Broking
Stock of the day : Vedanta Ltd For Target Rs.495 - Religare Broking
Source: Religare Broking
2024-07-05 10:54:59 am
Vedanta gains on logging 3% rise in aluminium production in Q1FY25 Vedanta is currently trading at Rs. 464.35, up by 0.60 points or 0.13% from its previous closing of Rs. 463.75 on the BSE. The scrip opened at Rs. 468.55 and has touched a high and low of Rs. 470.60 and Rs. 464.20 respectively. So far 178618 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 506.85 on 22-May-2024 and a 52 week low of Rs. 207.85 on 28-Sep-2023. Last one week high and low of the scrip stood at Rs. 47...
Vedanta gains on logging 3% rise in aluminium production in Q1FY25
Vedanta gains on logging 3% rise in aluminium production in Q1FY25
Source: Accord Fintech
2024-07-04 11:45:10 am
``By the end of this fiscal we are confident of the successful demerger`` says Anil Agarwal Vedanta Group, a globally diversified natural resources company, today shared its strategic vision and growth plans, emphasizing its commitment to environmental sustainability and the expansion of its core businesses. Chairman, Anil Agarwal emphasized on the group's position as the largest integrated aluminum producer, with a capacity of 3 million tons, and its plans to produce 70 million tons of iron ore. He also highlighted Vedanta's aggressive expansion in the oil and gas sector...
``By the end of this fiscal we are confident of the successful demerger`` says Anil Agarwal
``By the end of this fiscal we are confident of the successful demerger`` says Anil Agarwal
Source: PR Agency
2024-06-24 11:37:55 am
India's Vedanta to raise $120 million via debt issue Indian metals-to-oil conglomerate Vedanta will raise up to 10 billion rupees (nearly $120 million) by issuing non-convertible debentures through a private placement, the company said on Thursday. In the past two months, Vedanta's board has already approved raising up to $300 mln through debentures and a further up to $1 billion, although it is yet to decide on the structure and mode of that fundraise. The billionaire Anil Agarwal-led company is in the middle of splitting into six di...
India's Vedanta to raise $120 million via debt issue
India's Vedanta to raise $120 million via debt issue
Source: Reuters
2024-06-20 01:49:43 pm
Company Update : Vedanta Ltd - Yes Securities Ltd We attended the analyst day meet at Vedanta Ltd held on the 27th of February 2024. The analyst meet focused on the demerger story and potential value unlocking from the same. The meet also laid out the expansion plans under different verticals for the company. At the CMP, the company currently trades at 5.01x EV/EBITDA at FY24E as per Bloomberg estimates. Demerger aimed to unlock potential value On 29th September 2023, the Vedanta board approved a pure-play, asset-owner business model ...
Company Update : Vedanta Ltd - Yes Securities Ltd
Company Update : Vedanta Ltd - Yes Securities Ltd
Source: Yes Securities Ltd.
2024-05-27 12:47:19 pm
India's Vedanta misses Q4 profit estimates on lower prices Indian mining group Vedanta reported a 27% drop in fourth-quarter profit on Thursday, reflecting weaker prices of major metals like aluminium and zinc amid ballooning finance costs. The oils-to-metals conglomerate, led by billionaire Anil Agarwal, posted a consolidated net profit of 13.69 billion rupees (about $164 million), falling behind analysts' estimates of 21.10 billion rupees, as per LSEG data. The company also posted a jump in expenses, with finance costs climbing nearly 34%. ...
India's Vedanta misses Q4 profit estimates on lower prices
India's Vedanta misses Q4 profit estimates on lower prices
Source: Reuters
2024-04-25 04:09:22 pm
Neutral Vedanta Ltd For Target Rs.270 By Motilal Oswal Financial Service -      Vedanta (VEDL) delivered the highest ever 3Q consolidated net sales at INR355b (up 4% YoY), which was 6% higher than our estimate of INR337b. The revenue was driven by higher sales volumes and favorable movements in forex, which were partially offset by a fall in commodity (input) prices. -      VEDL’s consolidated EBITDA stood at INR85b (up 21% YoY), which was a 28% beat to our estimate of INR67b....
Neutral Vedanta Ltd For Target Rs.270 By Motilal Oswal Financial Service
Neutral Vedanta Ltd For Target Rs.270 By Motilal Oswal Financial Service
Source: Motilal Oswal Financial Services Ltd
2024-04-11 10:25:46 am
India's Vedanta surges to near two-year high on CLSA upgrade Indian miner Vedanta's shares rose 6.7% to their highest in nearly two years after CLSA upgraded the stock to "buy" from "underperform".
India's Vedanta surges to near two-year high on CLSA upgrade
India's Vedanta surges to near two-year high on CLSA upgrade
Source: Reuters
2024-04-10 09:56:35 am
Vedanta shines on logging 4% rise in aluminium production in Q4FY24 Vedanta is currently trading at Rs. 317.50, up by 7.25 points or 2.34% from its previous closing of Rs. 310.25 on the BSE. The scrip opened at Rs. 311.05 and has touched a high and low of Rs. 320.80 and Rs. 306.00 respectively. So far 1075861 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 320.80 on 05-Apr-2024 and a 52 week low of Rs. 207.85 on 28-Sep-2023. Last one week high and low of the scrip stood at Rs. 3...
Vedanta shines on logging 4% rise in aluminium production in Q4FY24
Vedanta shines on logging 4% rise in aluminium production in Q4FY24
Source: Accord Fintech
2024-04-05 01:40:53 pm
Vedanta shines on getting nod to raise up to Rs 2500 crore through NCDs Vedanta is currently trading at Rs. 308.30, up by 9.75 points or 3.27% from its previous closing of Rs. 298.55 on the BSE. The scrip opened at Rs. 305.25 and has touched a high and low of Rs. 312.50 and Rs. 301.70 respectively. So far 785675 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 312.50 on 04-Apr-2024 and a 52 week low of Rs. 207.85 on 28-Sep-2023. Last one week high and low of the scrip stood at Rs. 31...
Vedanta shines on getting nod to raise up to Rs 2500 crore through NCDs
Vedanta shines on getting nod to raise up to Rs 2500 crore through NCDs
Source: Accord Fintech
2024-04-04 02:54:01 pm
India`s Vedanta to raise $300 million through debt securities    Indian metals-to-oil conglomerate Vedanta will raise up to 25 billion rupees ($299.6 million) through debt securities, the company said on Thursday. The fundraise will take place through the issue of non-convertible debentures on a private placement basis. The billionaire Anil Agarwal-led company did not mention what the proceeds will be used for. The Indian miner raised funds via non-convertible debentures thrice in fiscal year 2024, the latest being in December last ye...
India`s Vedanta to raise $300 million through debt securities
India`s Vedanta to raise $300 million through debt securities
Source: Reuters
2024-04-04 01:45:44 pm
Vedanta Aluminium to expand, targets production cost of $600-1,000/ton, new name finalised The demerger of Anil Agarwal's Vedanta Ltd into six companies has got the green signal from the bourses while discussions with the lenders on the division of the debt with the demerged entities are on. The name of the company that would house the company's aluminium business has also been finalised, said a top official of the aluminium business vertical. Vedanta Aluminium is also working towards cutting down its production cost to about $600-$1,000 per ton through various means ...
Vedanta Aluminium to expand, targets production cost of $600-1,000/ton, new name finalised
Vedanta Aluminium to expand, targets production cost of $600-1,000/ton, new name finalised
Source: IANS
2024-04-04 10:25:21 am
Vedanta, Airtel, Essel among top funders of Indian political parties in last 5 years, data shows Some of India's biggest companies, including Vedanta Ltd, Bharti Airtel, RPSG Group and Essel Mining were among the country's top political funders over the last five years under a now-scrapped opaque political funding system, official data showed on Thursday. The information was made public by the Election Commission of India following an order on Monday from the country's top court, just days before a national election is due to be called. The political funding mechanism i...
Vedanta, Airtel, Essel among top funders of Indian political parties in last 5 years, data shows
Vedanta, Airtel, Essel among top funders of Indian political parties in last 5 years, data shows
Source: Reuters
2024-03-15 10:37:03 am
India`s Vedanta ordered to pay Cairn UK $9.4 million for delayed dividends Indian mining group Vedanta must pay 776 million Indian rupees ($9.4 million) to Cairn UK Holdings for a delay in paying dividends, India's markets watchdog said on Tuesday. The order on the website of the Securities and Exchange Board of India (SEBI) said Vedanta must make the payment within 45 days or face further action. SEBI also barred Vedanta directors, including vice-chairman Navin Agarwal, from India's securities markets for two months. The regulator in its order said...
India`s Vedanta ordered to pay Cairn UK $9.4 million for delayed dividends
India`s Vedanta ordered to pay Cairn UK $9.4 million for delayed dividends
Source: Reuters
2024-03-13 09:23:30 am
New US sanctions more likely to curb Indian imports of Russian coal, traders say New U.S. sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of Russian coal said. Russia, historically a minor exporter of the fuel to India, began boosting shipments to the south Asian country after Western sanctions against Moscow over its invasion of Ukraine. The latest U.S. sanctions also include Russia's payment system, financial institutions a...
New US sanctions more likely to curb Indian imports of Russian coal, traders say
New US sanctions more likely to curb Indian imports of Russian coal, traders say
Source: Reuters
2024-02-29 09:50:37 am
India seeks $26 billion of private nuclear power investments India will invite private firms to invest about $26 billion in its nuclear energy sector to increase the amount of electricity from sources that don't produce carbon dioxide emissions, two government sources told Reuters. This is the first time New Delhi is pursuing private investment in nuclear power, a non-carbon-emitting energy source that contributes less than 2% of India's total electricity generation. The funding would help India to achieve its target of having 50% of its ins...
India seeks $26 billion of private nuclear power investments
India seeks $26 billion of private nuclear power investments
Source: Reuters
2024-02-21 12:48:48 pm
Indian miner Vedanta`s parent sells $209 million stake Vedanta Resources, the parent of Vedanta Ltd, has sold a stake worth more than 17.37 billion rupees ($209 million) in the Indian miner, exchange data showed on Thursday. Finsider International, part of billionaire Anil Agarwal-led Vedanta Resources, sold more than 65.5 million Vedanta Ltd shares at 265.14 rupees each, the data showed. That is a 5.2% discount to Vedanta Ltd's closing price on Wednesday. The stock ended 4.2% lower at 267.95 rupees on Thursday. UK-based Vedanta Reso...
Indian miner Vedanta`s parent sells $209 million stake
Indian miner Vedanta`s parent sells $209 million stake
Source: Reuters
2024-02-16 09:16:17 am
India`s Ola Electric considers bid for lithium mining rights SoftBank-backed Indian e-scooter maker Ola Electric is considering bidding for mining rights for lithium blocks being auctioned by the Indian government, sources said, in a move that could boost its EV battery manufacturing plans. As part of plans to secure supplies of minerals such as lithium - a raw material used to make electric vehicle batteries - Prime Minister Narendra Modi's government late last year launched the first part of its critical minerals auctions. Amid growing ener...
India`s Ola Electric considers bid for lithium mining rights
India`s Ola Electric considers bid for lithium mining rights
Source: Reuters
2024-02-07 03:58:17 pm
Stock of the day : Vedanta Ltd For Target Rs. 304 - Religare Broking Vedanta Ltd * We are seeing decent traction in the metal stocks and VEDL is expected to witnessed a catch-up move. * It has witnessed a breakout from the bullish Cup and Handle price pattern with noticeable volumes. * Following price action and Buoyancy in the metal pack suggests upward momentum to continue. * We thus recommend creating fresh longs in the mentioned range. Buy Vedanta Limited CMP 283.00; Range 282-284; SL 274; Target 304   Please refer d...
Stock of the day : Vedanta Ltd For Target Rs. 304 - Religare Broking
Stock of the day : Vedanta Ltd For Target Rs. 304 - Religare Broking
Source: Religare Broking Ltd
2024-02-07 09:47:27 am
Revolutionary Parenthood Policy introduced in Vedanta Women at Vedanta opting to take a break to nurture their young ones can now avail a sabbatical leave of up to 12 months, with the organisation promising job security to those who wish to take a break post-birth. Under the comprehensive policy, those choosing to continue immediately after maternity leave now have the option to work from home or avail flexible working hours. This can be availed four weeks before the expected delivery date and until the child reaches two years of age. The pol...
Revolutionary Parenthood Policy introduced in Vedanta
Revolutionary Parenthood Policy introduced in Vedanta
Source: PR Agency
2024-01-17 10:54:30 am
S&P upgrades Vedanta Resources just days after a downgrade S&P Global Ratings upgraded Vedanta Resources, the London-based parent of Indian miner Vedanta Ltd, on Monday, citing a more "manageable" debt maturity profile after a recent debt restructuring, which the rating agency blamed for a downgrade just days back. The rating agency raised its long-term issuer credit rating on Vedanta Resources from "SD," or "selective default," to "CCC+", indicating the company is currently vulnerable and depends on fav...
S&P upgrades Vedanta Resources just days after a downgrade
S&P upgrades Vedanta Resources just days after a downgrade
Source: Reuters
2024-01-16 09:25:04 am
Vedanta rises on inking MoU with Gujarat Alkalies and Chemicals Vedanta is currently trading at Rs. 258.00, up by 0.80 points or 0.31% from its previous closing of Rs. 257.20 on the BSE. The scrip opened at Rs. 257.45 and has touched a high and low of Rs. 259.35 and Rs. 253.05 respectively. So far 725193 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 340.75 on 20-Jan-2023 and a 52 week low of Rs. 207.85 on 28-Sep-2023. Last one week high and low of the scrip stood at Rs. 26...
Vedanta rises on inking MoU with Gujarat Alkalies and Chemicals
Vedanta rises on inking MoU with Gujarat Alkalies and Chemicals
Source: Accord Fintech
2024-01-02 03:38:02 pm
India`s Vedanta Ltd to raise $409 million through debentures issue  Vedanta Ltd will raise 34 billion rupees ($408.76 million) through an issue of debentures, the Indian metals-to-oil conglomerate said on Tuesday, its third such move in the current fiscal year. The fundraise comes at a time when the company is seeking ways to arrange capital for its cash-strapped parent, UK-based Vedanta Resources. Vedanta Ltd's board of directors have approved the issue of 340,000 non-convertible debentures, in one or more tranches, each carrying a face value...
India`s Vedanta Ltd to raise $409 million through debentures issue
India`s Vedanta Ltd to raise $409 million through debentures issue
Source: Reuters
2023-12-19 01:32:17 pm
S&P Global Ratings downgrades Vedanta Resources amid bond maturity extension  S&P Global Ratings on Thursday downgraded the rating of Vedanta Resources, parent of Indian miner Vedanta Ltd, citing concerns about extension of maturities of some of its bonds. Vedanta Resources late Wednesday said it raised $1.25 billion from financial institutions for refinancing, including a new credit facility. The company also said it started consent solicitations with existing bondholders to extend debt maturity profile, allowing for extension of maturities, amendments...
S&P Global Ratings downgrades Vedanta Resources amid bond maturity extension
S&P Global Ratings downgrades Vedanta Resources amid bond maturity extension
Source: Reuters
2023-12-14 10:56:40 am
Neutral Vedanta Ltd For Target Rs.220 - Motilal Oswal Financial Services Healthy operational performance; focusing on debt reduction * In 2QFY24, VEDL received a one-time revenue and EBITDA gain of INR47.6b related to the award of the final partial arbitration that VEDL has won in relation to a contract for Rajasthan Block. For a like-to-like comparison, we have adjusted 2QFY24 financials by excluding this one-time gain. * Revenue stood at INR341b (up 6% YoY) and was 5% above our estimate of INR325b. Consolidated EBITDA stood at INR67b, in line with our esti...
Neutral Vedanta Ltd For Target Rs.220 - Motilal Oswal Financial Services
Neutral Vedanta Ltd For Target Rs.220 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-12-11 03:40:48 pm
Neutral Vedanta Ltd For Target Rs.220 - Motilal Oswal Financial Services Healthy operational performance; focusing on debt reduction * In 2QFY24, VEDL received a one-time revenue and EBITDA gain of INR47.6b related to the award of the final partial arbitration that VEDL has won in relation to a contract for Rajasthan Block. For a like-to-like comparison, we have adjusted 2QFY24 financials by excluding this one-time gain. * Revenue stood at INR341b (up 6% YoY) and was 5% above our estimate of INR325b. Consolidated EBITDA stood at INR67b, in line with our esti...
Neutral Vedanta Ltd For Target Rs.220 - Motilal Oswal Financial Services
Neutral Vedanta Ltd For Target Rs.220 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-11-29 11:44:14 am
Tweet by Anil Agarwal, Chairman, Vedanta Limited Below a Tweet by Mr. Anil Agarwal, Chairman, Vedanta Limited Our common goal, as Bharatiyas, is to reach the $5 trillion economy quickly and then race towards $10 trillion. This will eliminate poverty and create good living standards for all. As we move ahead, we have to address the discrimination between public sector and private sector (entrepreneurs) which is so evident. Government and banks are comfortable giving clearances and funding to the public sector. Government is mai ...
Tweet by Anil Agarwal, Chairman, Vedanta Limited
Tweet by Anil Agarwal, Chairman, Vedanta Limited
Source: PR Agency
2023-11-21 05:44:44 pm
Hindustan Zinc partners with GreenLine for the deployment of LNG-Powered trucks for logistics GreenLine Mobility Solutions Ltd (GreenLine), India's premier LNG-powered heavy trucking logistics company, marked a historic milestone as it officially deployed its LNG-powered trucks at Hindustan Zinc, a Vedanta Group company in Zinc, Lead & Silver business. In its commitment to sustainability and environmental responsibility, Hindustan Zinc has chosen Essar’s green mobility solutions company, GreenLine, as its sustainable logistics partner, ushering in a new era of green logi...
Hindustan Zinc partners with GreenLine for the deployment of LNG-Powered trucks for logistics
Hindustan Zinc partners with GreenLine for the deployment of LNG-Powered trucks for logistics
Source: PR Agency
2023-11-10 11:30:29 am
Hindustan Zinc partners with GreenLine for deployment of LNG-powered trucks for logistics GreenLine Mobility Solutions Ltd (GreenLine), India's premier LNG-powered heavy trucking logistics company, marked a historic milestone as it officially deployed its LNG-powered trucks at Hindustan Zinc, a Vedanta Group company involved in zinc, lead and silver business. In its commitment to sustainability and environmental responsibility, Hindustan Zinc has chosen Essar’s green mobility solutions company, GreenLine, as its sustainable logistics partner, ushering in a new era of ...
Hindustan Zinc partners with GreenLine for deployment of LNG-powered trucks for logistics
Hindustan Zinc partners with GreenLine for deployment of LNG-powered trucks for logistics
Source: IANS
2023-11-10 10:03:26 am
Billionaire-owned Vedanta seals Zambian copper assets deal Vedanta Resources and the Zambian government on Monday sealed an agreement that restores the Indian company's ownership of Konkola Copper Mines (KCM), ending a protracted ownership battle that stifled investment. Zambia's Mines Minister Paul Kabuswe witnessed the signing of the agreement between state firm ZCCM-IH with Chris Griffith, Vedanta's head of base metals, in Lusaka, officially handing the copper assets, which the state seized in 2019, back to Vedanta. The agreement...
Billionaire-owned Vedanta seals Zambian copper assets deal
Billionaire-owned Vedanta seals Zambian copper assets deal
Source: Reuters
2023-11-07 10:16:21 am
Vedanta plunges into Rs 1,783cr loss in July-Sep quarter Billionaire Anil Agarwal-controlled Vedanta Resources has piled up a consolidated net loss of Rs 1,783 crore for the July-September quarter of the current financial year, the company reported in an exchange filing on Saturday. The company had made a profit of Rs 1,808 crore in the same quarter a year ago. The revenue of the company stood at Rs 38,945 crore during the reporting quarter. The loss was mainly due to a sharp increase in the net tax outgo which increased to Rs 9,092 crore ...
Vedanta plunges into Rs 1,783cr loss in July-Sep quarter
Vedanta plunges into Rs 1,783cr loss in July-Sep quarter
Source: IANS
2023-11-04 05:45:42 pm
Vedanta Ltd sees significant improvement in S&P`s 2023 Corporate Sustainability Assessment Vedanta Limited, India’s largest diversified natural resources company with a significant global footprint, announces that it has seen a 5 point improvement in Corporate Sustainability Assessment by S&P Global (formally known as DJSI) for the year 2023. Vedanta, which has scored 81 points this year compared to last year’s score of 76, has scored higher than its global peers. Vedanta has been at the forefront of sustainable practices and is leveraging new technologies to saf...
Vedanta Ltd sees significant improvement in S&P`s 2023 Corporate Sustainability Assessment
Vedanta Ltd sees significant improvement in S&P`s 2023 Corporate Sustainability Assessment
Source: PR Agency
2023-11-02 12:28:07 pm