Vedanta Chairman Anil Agarwal

Viceroy argued that this arrangement not only undermines transparency but also places legal and financial risks on HZL

Vedanta is also expanding the gamut of its operations by winning rights to mine critical minerals like nickel, chromium, platinum, and cobalt in India through November auctions

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 ...

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

After the budget, top government officials clarified that the government's strategy goes beyond privatisation and the aim now is to create value of the government owned companies

Vedanta group chairman Anil Agarwal on Friday said that first phase of its semiconductor project will involve USD 5 billion investment of the overall USD 20-billion outlay, and the venture will be ready with made-in-India chip in two and a half years. Vedanta is talking to three companies to rope them in as technology partners for its mega plans entailing foundary, chip manufacturing, and packaging and design. "In 2.5 years, we will give you Vedanta made-in-India chips," Agarwal told reporters on the sidelines of SemiconIndia 2023 event. The first phase of its semiconductor investment will be to the tune of USD 5 billion, which is being structured. "Vendata has a good cash flow, we will make a capital allocation in Vedanta and there is queue of people to give us equity and debt...but we want the tie-ups to be in place first, and have ecosystem," he said. After parting ways with Foxconn on their semiconductor joint venture, Vedanta group has made it clear that it remains committed

Hindustan Zinc dividend: In FY23 so far, the company has announced a dividend worth Rs 75.5 per share, and out of this, Rs 49.5 per share have already been received by the shareholders

"But it has to have world-class capacity, and cannot be a small plant. We have a capacity of about 3 million tonnes (mt)... we are contemplating. We have to take it to 15-20 mt"

Vedanta founder Anil Agarwal was honoured with the Global Indian Award worth $50,000 by the Canada-India Foundation at its 15th annual gala here at the weekend

Mining mogul Anil Agarwal in an interaction with students at the Oxford Union in London motivated them to dream big as he shared important learnings from his entrepreneurial journey.

Vedanta chairman Anil Agarwal on Tuesday said that the company in partnership with Foxconn will set up a semiconductor manufacturing plant in the next two years. The Indian conglomerate had already entered into a pact with electronics manufacturing giant Foxconn to form a joint venture (JV) for manufacturing semiconductors in India. Agarwal termed the signing up of the pact with Foxconn as a "very big job", and said that the semiconductor industry will promote other sectors like automobiles and electronics in the country. Vedanta had unveiled its plan to invest in semiconductor manufacturing after the government announced a Rs 76,000-crore package to boost electronic chip and display ecosystem in the country. This is also the second attempt of Vedanta to enter the semiconductor space after its earlier plan to set up a display unit with about Rs 60,000 crore investment could not take off. Agarwal was speaking at the 7th National Leadership Conclave. According to the memorandum of

Vedanta is the first company to make the announcement to invest in semiconductor manufacturing after the government announced a Rs 76,000-crore programme to boost electronic chip and display ecosystem

Today, a total of 10 companies, including Maruti Suzuki India, MPhasis, and ABB are scheduled to announce their results

Vedanta announced that its independent board directors were prepared to back an 825 pence-a-share bid from Agarwal's family trust, Volcan, to acquire the 33.5 per cent of the company

Plans to increase stake by up to 20%

In a Q&A, he also says there is need to project that India is not averse to companies making profits