WebinarsNew
Explore Business Standard
Vedanta Group
Vedanta group's four demerged businesses are expected to list on the Bombay Stock Exchange and National Stock Exchange on Monday, sources said. Besides Vedanta Ltd, which is already listed, the shares of four newly created entities --Vedanta Aluminium Metal (VAML), Vedanta Oil & Gas (VOGL), Vedanta Power and Vedanta Iron & Steel (VISL) -- will begin trading on Indian stock exchanges. The much-awaited demerger is likely to unlock substantial value for shareholders since each company will now operate independently and raise capital as per its business plans, while giving investors an opportunity to invest in a specific sector. Vedanta's demerger was approved by the National Company Law Tribunal in December last year. Under the 1:1 approved demerger scheme, shareholders will receive one share of each demerged company for every one share held in the currently listed Vedanta Ltd. During an investors' call after the fourth quarter financial results, Vedanta Resources CEO Deshnee ...
Vedanta Ltd on Monday said it has rebranded its copper and nickel businesses as Vedanta Copper and Vedanta Nickel, respectively, as part of the diversified multinational group's strategy to create sector-focused identities. The company said that all copper operations will be unified under Vedanta Copper, including Sterlite Copper, Fujairah Gold and Vedanta Copper International (VCI). VCI will be the international wing of Vedanta Copper, representing operations at Faujairah and Saudi Arabia. Vedanta Nico, renamed as Vedanta Nickel, will sharpen its focus on building a domestic nickel ecosystem and supporting the country's demand for critical minerals. The new brand identities will be rolled out across business operations and stakeholder touchpoints in a phased manner. Both businesses will continue to operate under Vedanta Ltd. "Vedanta's copper and nickel businesses announced their transition to unified sector-focused brand identities Vedanta Copper and Vedanta Nickel as part of t
The Enforcement Directorate on Tuesday conducted searches against the Vedanta Group as part of a FEMA probe, officials said. They said the action was going on. The searches are part of a Foreign Exchange Management Act (FEMA) violation investigation, they said. More details are yet to be ascertained. An official statement from the company is awaited.
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
Vedanta Group is targeting to increase women representation across all organisational levels to 35 per cent from 23 per cent at present. The company has also announced the launch of nationwide campaign #HerAtTheCore and a LinkedIn-led hiring drive inviting women to build careers across mining, metals, oil and gas, power and technology, a statement said. Quoting Annual Survey of Industries, Vedanta said women accounted for around 18 per cent of direct employment across industries in 2023-24, while in core sectors such as mining and metals, their share remained only 6 per cent. The campaign seeks to highlight the fact that India is entering a defining decade of industrial growth, powering the global energy transition, building EV supply chains, and strengthening its role in advanced manufacturing and technology, Vedanta said. Metals, minerals, oil & gas, and power are crucial for the growth of these industries. And yet, women represent only about 6 per cent of the workforce across ..
Mining giant Vedanta Ltd on Saturday said it has reported a rise in production of aluminium, zinc and iron ore during the December quarter. However, production of steel, and oil and gas dropped during the third quarter of the current fiscal year. The company's total aluminium production during the quarter rose marginally by 1 per cent, mined metal production at Zinc India increased 4 per cent, and mined metal production at Zinc International rose 28 per cent. In the oil and gas segment, Vedanta's average daily gross operated production dropped 15 per cent during the quarter to 84,900 barrels of oil equivalent per day (boepd). The production of saleable iron ore rose 3 per cent to 1.6 million tonnes during the quarter. The quarterly saleable ore production was "up 3 per cent YoY and 49 per cent Q-o-Q with improved operational efficiencies", Vedanta said in a filing to the BSE. The saleable steel production during the quarter declined marginally by 1 per cent, the filing said. Ved