Vedanta

The loan tenors range between 6-1/2 years to 7 years with the proceeds to be used to refinance an existing debt that Vedanta Aluminium inherited from the previously integrated company structure

The Central Ground Water Board has asked Odisha to form a joint panel to investigate allegations that Vedanta's Jharsuguda unit extracted groundwater without statutory approvals

CFO says group expects to cut debt by more than Rs 20,000 crore in FY27

Both demerged companies report record operational performance, with higher production, improved margins and stronger balance sheets driving earnings growth

The newly demerged aluminium company reported a sharp rise in first-quarter profit as elevated metal prices and strong demand lift earnings

Continuing operations Ebitda rose 98.5 per cent to ₹8,469 crore, but the demerger means current discontinued operations cover one month against three months in the year-ago quarter

Q1FY27 company results: Firms including Mahindra & Mahindra, Hyundai Motor India, Mazagon Dock Shipbuilders, Mankind Pharma, and Exide Industries are also to release their April-June earnings today

Iron & steel business returns to profit and oil & gas posts strong earnings, while power business slips into loss despite higher revenue

Vedanta Power on Tuesday said rating agency Crisil has upgraded the rating on the company's guaranteed long-term bank facilities, highlighting that the post-demerger structure provides greater strategic focus and enhanced financial flexibility across its businesses. In a statement, the company said Crisil has upgraded Vedanta Power's guaranteed long-term bank facilities to CRISIL AA+ (CE)/Stable from CRISIL AA (CE), while reaffirming its standalone long-term rating at CRISIL AA-/Stable and short-term rating at CRISIL A1+. The rating upgrade follows the successful completion of the Vedanta Group's demerger and reflects Vedanta Power's strengthened credit profile, diversified thermal power portfolio, healthy liquidity position and strategic importance, according to the statement. A CRISIL AA+ (CE) rating means the financial instrument has a high degree of safety regarding timely payment of interest and principal. Crisil also recognised the company's operating performance, long-term .

Vedanta group firm Hindustan Zinc Ltd (HZL) is likely to spend about USD 500-600 million (around Rs 5,000 crore) in the current financial year, with most of the capital earmarked for projects already underway and a smaller portion reserved for new initiatives, its Chief Executive Officer Arun Misra said. In an interview to PTI, Misra said roughly 80 per cent of the guidance is intended for projects that are currently running, while about 20 per cent will be allocated to new projects that the firm plans to announce soon. He added that the group's total project capacity is about 1 million tonnes, of which 250,000 tonnes (25 per cent) has already been approved with a capex of Rs 12,000 crore covering mining and mineralisation. Orders for mining have been placed and construction of the smelter has started, but milling and concentrate-related orders are yet to be finalised, the CEO said. The remaining capacity will require investment in a similar proportion to reach 650 KT, with the ...

Vedanta subsidiary reports record first-quarter mined metal production, higher revenue and improved profitability driven by stronger metal prices and operational performance

The Division Bench said it could restore possession to Vedanta if persuaded later, after ONGC assumed control of the offshore block following the single-judge ruling

The court upheld the Centre's refusal to extend Vedanta's production sharing contract, citing unilateral deductions from the government's share of profit petroleum

The Delhi High Court on Wednesday upheld the Centre's decision to not extend its Production Sharing Contract with Vedanta for an offshore oil block in Gujarat and hand over the operations to Oil and Natural Gas Corporation Ltd (ONGC). Justice Purushaindra Kumar Kaurav dismissed a petition by Vedanta Ltd seeking to set aside the Ministry of Petroleum and Natural Gas's direction passed on September 19, 2025, which rejected its 2021 application to extend the Production Sharing Contract (PSC) dated June 20, 1998, for the Suvali oil block. The petition also sought setting aside of the direction to ONGC to immediately take over the assets and operations of the petitioner over the PSC contract area. The original term of the PSC -- between the Centre, the petitioner, ONGC and Invenire Petrodyne Ltd-- was for 25 years, i.e. from June 30, 1998 till June 29, 2023, and was extendable for a specified period under certain circumstances. The petitioner was the designated operator under the ...

India's push for self-reliance in critical minerals is reshaping governance priorities for mining and metals companies, with industry experts calling for communication to become an integral part of board-level decision-making. With the government prioritising supply security for minerals such as lithium, nickel and rare earths to support electric vehicle, clean-energy ambitions and changing geopolitical situations, companies are facing a governance shift that goes beyond capital, technology and regulatory clearances. They said successful project execution will increasingly depend not only on capital, technology and regulatory approvals but also on stakeholder confidence and the ability to sustain a social licence to operate. Sunil Duggal, former Group CEO, Vedanta Group and Former CEO, Hindustan Zinc, and current CEO, Bhumi Ventures, said the role of boards has expanded significantly as mining projects become more stakeholder-driven. "The role of boards has changed fundamentally. .

Vedanta's digital metal procurement platform processed nearly $5 billion in FY26 sales, with over 450 MSMEs using it for sourcing metals and accessing ₹1,600 crore in channel financing

Vedanta Iron & Steel up 10%, and Vedanta Power up 17% hit record highs in Wednesday's intra-day trade. Vedanta Oil & Gas was locked at the 20% upper circuit.

The company, which was targeting a valuation of up to $3.57 billion, said it would defer the NYSE listing because of volatility across the global copper equity sector

The bonds will be guaranteed by the parent firm as well as subsidiaries Twin Star Holdings, Welter Trading and Vedanta Holdings Mauritius II

Vedanta said its payments to the national exchequer rose 13.3 per cent in FY26 to Rs 62,722 crore, taking its cumulative contribution over the past decade to Rs 4.83 lakh crore