Vedanta Group

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

Vedanta plans to complete its demerger into five listed pure-play companies by March 2026, with its ₹48,000 crore debt allocated based on cash flows, said chairman Anil Agarwal

The ruling clears way for Vedanta's vast operations to split into five separate units, of which four will focus on aluminum, power, oil & gas, and iron ore, respectively

The firm has set a target price of ₹610 for HZL, valuing the zinc and lead businesses at 9x EV/Ebitda and the silver segment at 15x EV/Ebitda on FY28E estimates

The partnership would follow a gain-sharing model based on recovery and production improvements, with the partner holding full ownership of the recovery enhancement projects, said Cairn Oil & Gas

Aluminium and zinc segments drive Vedanta's Q2FY26 performance as debt reduction, demerger progress, and expansion projects boost investor confidence in earnings growth ahead

Vedanta Group to build three new plants - one for ferro-alloys and two for aluminium - taking its total investment in Odisha to ₹2 trillion and creating over 100,000 jobs

The apex court declines to entertain a plea based on Viceroy Research's report, questioning why foreign short-sellers should influence Indian market sentiment

Vedanta seeks to tap the dollar bond market as junk-rated Asian borrowing costs hit a four-year low, aiming to refinance private debt it borrowed at 18 per cent interest in 2023

Vedanta has offered Rs 17,000 crore for Jaiprakash Associates' assets, edging Adani's bid, as lenders prepare to vote on revised resolution plans in the insolvency process

edanta Group's Invenia Tech, the demerged digital infrastructure arm of Sterlite Technologies, plans to drive growth through fiber deployment, system integration, and data centre projects

The NCLT deferred the hearing on Vedanta's proposed demerger after serious objections raised by the central government

IiAS has recommended against resolutions on CEO remuneration and reappointment of two independent directors at Hindustan Zinc, citing governance and transparency concerns

As a part of the ICMM, HZL will adhere to 40 performance expectations covering environmental, social, and governance practices, with third-party validation applied across all its assets

Larsen & Toubro (L&T) on Friday said it has bagged an order in the range of Rs 2,500-5,000 crore from Vedanta group firm Hindustan Zinc for designing and commissioning of one of its plants. The project has been awarded to the minerals and metals business vertical of L&T, a company filing said. As part of its expansion plans, Hindustan Zinc is setting up a 250 kilotonne per annum (KTPA) leaching, purification and cellhouse facility, along with a 125 KTPA Jarosite Circuit at its Debari Smelter Complex in Rajasthan. The facility will produce special high grade zinc cathodes. "The scope encompasses design and engineering, procurement, complete site services including installation and commissioning of calcine storage, leaching, purification, and electrowinning (Jumbo Cell House) plant," the filing said. "This win reaffirms L&T's leadership in the minerals and metals sector and underscores our commitment to delivering excellence that ensures customer satisfaction," T ...

Viceroy Research alleges Vedanta Resources refunded ₹1,030 crore to Vedanta Ltd after ED scrutiny, raising questions over intercompany brand fee payments and governance

Continuing its triad against mining Moghul Anil Agarwal's Vedanta group, US-based Viceroy Research has alleged that the group's semiconductor unit was a "sham commodities trading operation", designed to avoid classification as an NBFC, a charge the mining conglomerate dismissed as baseless. US short seller Viceroy Research, which last week published a scathing report about Vedanta Group and followed it with similar reports on group companies, in fresh allegations said Vedanta Ltd's subsidiary, Vedanta Semiconductors Pvt Ltd, was part of a scheme to allow the Mumbai-listed firm to remit brand fees to parent Vedanta Resources in April this year, when it faced a severe liquidity crisis. In a statement, Vedanta spokesperson said the group "strongly rejects the baseless allegations made in the report regarding Vedanta Semiconductors Pvt Ltd (VSPL)". "All business activities of VSPL have been transparently disclosed and are in line with statutory norms," it said. Viceroy said, "VSPL is a

Former CJI DY Chandrachud said Viceroy's report on Vedanta includes damaging terms like 'ponzi', and the company would be well-placed to seek legal remedies

The Delhi High Court has allowed Vedanta to proceed with deductions from its revenue share in the Mangala, Bhagyam, and Aishwariya fields, dismissing the Centre's appeal

The allegations place the next move squarely in the government's court, raising questions around Vedanta's compliance with its contractual obligations and governance standards in managing a company