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Vedanta Anil Agarwal
Nearly two weeks after Chhattisgarh power plant blast killed 25 people, Vedanta Chairman Anil Agarwal on Monday said the entire responsibility for the operations and maintenance (O&M) of the facility was entrusted with NGSL, a joint venture between power giant NTPC and GE. "What weighs heavily on my mind is this: at our Athena plant, we had put in place the highest standards of safety. The entire responsibility was entrusted to NGSL, a partnership between NTPC and GE, among the most respected and trusted institutions in India. The contractors, the teams, the technical expertise, all were theirs. "It was on the strength of this trust that we had confidently outsourced the plant's operations and maintenance. And yet, this unfortunate tragedy occurred," Agarwal said in a social media post. Drawing an analogy, he compared it to vehicle owners handing over their cars to trusted drivers, expecting them to follow rules and stay safe. "It is a lot like a vehicle owner placing his trust in
"Dividend is in my blood," Vedanta Group chairman Anil Agarwal said, reaffirming commitment to shareholder payouts alongside pursuing the group's planned USD 20 billion expansion across businesses even after the proposed demerger. The demerger of metals-to-oil conglomerate Vedanta Ltd into separate listed entities is designed to sharpen focus, unlock value and keep cash returns flowing without interrupting its capital expenditure cycle, he told PTI in an interview. The National Company Law Tribunal (NCLT) on Tuesday approved the plan to split Vedanta into five different listed entities. After the demerger, the base metals business will be housed in Vedanta Ltd, while Vedanta Aluminium, Talwandi Sabo Power, Vedanta Steel and Iron and Malco Energy housing oil and gas business will be the other four listed entities. "Dividend is in my blood," he said. "No matter what happens, there will always be a dividend payout by our companies." Vedanta remains one of India's top dividend-yielding
Anil Agarwal-led Vedanta Resources Ltd (VRL) has raised 500 million dollars through bonds in October and will use the proceeds to repay near-term obligations. As per the letter to the bondholders, the company stated that "the average maturity of its debt portfolio is now over four years, and it has reduced its weighted average interest cost to single digits, reflecting a stronger, more resilient capital structure". The company said that it has completed "a 500 million dollar bond issuance, using proceeds to repay near-term obligations, including a 550 million dollar Private Credit Facility (PCF), in line with its deleveraging roadmap." With this, the Group now has no material maturities until FY27, ensuring a well-balanced liability structure, it said. The Group maintains robust liquidity, supported by dividend inflows from operating subsidiaries and healthy free cash generation, the company added. The company has tied up a 500 million dollar term loan facility with a consortium o
Anil Agarwal-led Vedanta Ltd has contributed Rs 4.5 lakh crore to the government exchequer over the last 10 years. In its annual Tax Transparency Report (TTR), the company reaffirmed its commitment to transparent and responsible tax practices. The company said it has "contributed Rs 4,48,830 crore to exchequer across its domestic and international operations over the past decade (FY15-16 to FY24-25)." In FY25 alone, the company contributed Rs 55,349 crore (37 per cent of the consolidated revenue) through direct and indirect taxes, royalties, dividends, and other statutory payments. Of this, Rs 54,595 crore was contributed to the exchequer. In India, Vedanta has operations in 15 states, with Rajasthan operations contributing Rs 25,436 crore and Odisha Rs 9,176 crore to the exchequer in FY25. Vedanta Ltd, a subsidiary of Vedanta Resources, is one of the world's leading natural resources, critical minerals, energy and technology companies, spanning across India, South Africa, Namibi
India has the potential to overtake Brazil and China to become the world's second largest iron ore producer, Vedanta Group Chairman Anil Agarwal said on Tuesday. India's iron ore production in 2024-25 (April-January) rose by 3.5 per cent to 236 million metric tonnes (MMT) compared to 228 MMT in the year-ago period. Explaining how India can surpass Brazil and China in iron ore production, he said, "Given our huge reserves, we can produce 700 million tonnes per year and become the second largest after Australia, this is very much possible. The benefits this will bring to Bharat, in terms of economic growth, jobs and revenue, to government are massive." Agarwal highlighted India's growth potential in the global iron ore market and said, "It is difficult to imagine life without iron and steel, which is made from iron. Our homes, our vehicles, our gadgets, all require iron and steel. Today, India is the 4th largest producer of iron ore in the world...Only Australia, Brazil and China ...