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Vedanta Anil Agarwal

Vedanta Chairman Anil Agarwal on Saturday said the metal and mining conglomerate looks to increase production across segments including crude oil and zinc. "We are going to produce five hundred thousand barrels of oil and gas...so many other things they are doing, but these are the major thing for me to do..." Agarwal said at the HT Leadership Summit 2024 here. He also termed the closure of Tuticorin copper plant in Tamil Nadu as one of his smallest failures as a businessman. "Tuticorin is one of the smallest failures. More failure you have, the more success you will get. This (failure) is the first ladder for your success," Agarwal said remembering the incidents that led to the closure of the copper unit. In the near future, Vedanta is aiming to double the production levels of its subsidiary Hindustan Zinc, increase oil production at Cairn Oil & Gas to 3 lakh barrels of oil equivalent per day, and increase the capacity at its aluminium smelter to 3 million tonnes per annum, ...

Updated On: 16 Nov 2024 | 9:51 PM IST

The company's revenue from operations, or topline, dropped 3.4 per cent annually to Rs 37,634 crore, from Rs 38,945 crore in the same quarter last year (Q2FY24)

Updated On: 08 Nov 2024 | 2:55 PM IST

The September quarter results of Anil Agarwal-backed Vedanta are anticipated to be impacted by a mix of macroeconomic factors and segment-specific performance, according to domestic brokerages

Updated On: 08 Nov 2024 | 8:55 AM IST

Vedanta will hold a board meeting on Tuesday, October 8, to consider and approve the fourth interim dividend for the financial year 2024-25.

Updated On: 27 Sep 2024 | 11:04 AM IST

Anil Agarwal-led Vedanta on Monday approved a third dividend of Rs 20 per share for the current financial year, taking the total dividend payout so far for FY25 to Rs 13,474 crore. On July 26, the board approved a second interim dividend of Rs 4 per equity share, amounting to Rs 1,564 crore. In May, a first interim dividend of Rs 11 per equity share, totalling Rs 4,089 crore was approved. "The board of directors of Vedanta Ltd at its meeting held on September 2, 2024, has considered and approved the third interim dividend of Rs 20 per equity share on the face value of Re 1 per equity share for financial year 2024-25 amounting to Rs 7,821 crore," Vedanta said in a filing to BSE. This takes the total dividend for 2024-25 so far to Rs 13,474 crore. Similarly, during 2023-24, Vedanta had declared a total interim dividend of Rs 29.5 per share, amounting to Rs 10,966 crore for shareholders. The steady flow of dividends and appreciation in capital for investors has helped in generating a

Updated On: 02 Sep 2024 | 8:23 PM IST

Industrialist Anil Agarwal states that an industrial park can greatly increase the competitiveness of manufacturing while bringing down the cost of transporting raw material

Updated On: 28 Aug 2024 | 2:53 PM IST

Diversified natural resources company Vedanta Ltd has filed the demerger scheme with the National Company Law Tribunal (NCLT) after receiving a nod from lenders and is hopeful of completing the process by the end of this fiscal, a senior company official said on Tuesday. The proposed demerger will create independent companies housing aluminium, oil and gas, power, steel and ferrous materials, and base metals businesses. The existing zinc and new incubated businesses will remain under Vedanta Ltd. Speaking with PTI, Vedanta's CFO Ajay Goel said, "There is a very significant development ( on demerger). We have secured all approvals be it secured lenders, BSE, NSE, and SEBI. We have filed the scheme on Monday with NCLT and filing the demerger scheme with NCLT practically is the last step." Now the proposed demerger, he said, will be a reality "very soon". "Our last commitment of demerger getting closed is by the end of this fiscal and we are very much on track," he explained. A few d

Updated On: 06 Aug 2024 | 7:08 PM IST

Vedanta Nico, a subsidiary of Vedanta Ltd, on Monday said it has entered into a pact with US-based AEsir Technologies for the supply of nickel, a critical component for next-generation batteries. Nickel plays an important role in EV battery technology, particularly in the cathode, where it enhances energy density, power output, and battery lifespan. Nickel-rich batteries, such as nickel-zinc variants, offer fast charging, reduce reliance on cobalt, and improve the overall electric vehicle (EV) value proposition. The global demand for nickel in batteries is projected to reach 500,000 tonnes by 2025 from 150,000 tonnes in 2020 due to the expanding EV market adoption. The International Energy Agency (IEA) forecasts that the number of electric cars will rise from over 10 million in 2020 to 145 million by 2030, spurred by larger battery capacities, faster charging, and advancements in reducing cobalt use. "Vedanta Nico, India's primary nickel producer, has signed a strategic Memorandum

Updated On: 29 Jul 2024 | 3:38 PM IST

Vedanta group on Saturday said its Chairman Anil Agarwal met Odisha Chief Minister Mohan Charan Majhi and discussed new areas of collaboration to accelerate the state's transformative journey and enhance its industrial development. During the meeting, Agarwal reiterated the group's commitment to the progress of the state, Vedanta said in a statement. The discussion focused on identifying new areas of collaboration that could further accelerate Odisha's transformative journey, enhancing the state's industrial and socio-economic development, it said. "My meeting with Majhi Ji was highly productive, and we discussed our shared vision for Odisha's growth. Under his capable leadership, our longstanding partnership will continue to thrive, driving the state to greater heights," Agarwal said. Vedanta group has made significant investments in Odisha, amounting to more than Rs 1 lakh crore. This is the conglomerate's largest ever investment anywhere in the world. These investments have led

Updated On: 06 Jul 2024 | 8:33 PM IST

Vedanta Resources will sell the stake through its unit Finsider International, which held a 2.63 per cent stake in Mumbai-listed Vedanta

Updated On: 26 Jun 2024 | 11:09 AM IST

The Anil Agarwal group co value has risen by over 70 per cent this year. Analysts say operational efficiencies, cost reduction, improved operating profit, and proposed demerger have underpinned gains

Updated On: 18 Jun 2024 | 10:21 PM IST

Shares of Vedanta have gained 78% this year, giving the company a market value of about $20.6 billion

Updated On: 27 May 2024 | 10:47 PM IST

This is the second time that the company is raising funds in the current fiscal year. Last month, it said it would raise up to $300 million through debt securities

Updated On: 16 May 2024 | 11:20 PM IST

With the recent surge in commodity prices, particularly aluminum, zinc and silver, the company said it is going to unlock tremendous value.

Updated On: 14 May 2024 | 2:08 PM IST

Agarwal is also planning to split the group into six listed companies by March 2025 to unlock value

Updated On: 07 May 2024 | 10:35 PM IST

The Indian miner raised funds via non-convertible debentures thrice in fiscal year 2024, the latest being in December last year for 3,400 crore rupees

Updated On: 04 Apr 2024 | 1:54 PM IST

Davis, who was named as president for strategy at Vedanta Resources Ltd. last year, was working closely with the group's lenders and shareholders

Updated On: 04 Apr 2024 | 10:06 AM IST

Commodity major's stock has hit its highest level since February 2023

Updated On: 03 Apr 2024 | 7:45 PM IST

Vedanta has a 64.9% stake in Hindustan Zinc

Updated On: 22 Mar 2024 | 2:06 PM IST

Vedanta said that the development will have no impact on financial, operational or other activities of the company, quantifiable in monetary terms to the extent possible

Updated On: 07 Mar 2024 | 8:00 PM IST