Vedanta chairman Anil Agarwal says the group's demerger will unlock massive growth, while urging India to liberalise mining and energy policies to boost domestic production
Since April, the Nifty Metal index has zoomed 25 per cent, as against 7.2 per cent gain in Nifty 50.
Vedanta Ltd has said that its subsidiary Talwandi Sabo Power Ltd (TSPL) has been held liable to pay approximately Rs 127 crore, plus applicable late payment surcharge, to Punjab State Power Corporation Ltd (PSPCL) following a Supreme Court judgment. In a regulatory filing on Thursday, Vedanta said the Supreme Court has set aside the judgment passed by the Appellate Tribunal for Electricity (APTEL), and has restored the order passed by the Punjab State Electricity Regulatory Commission (PSERC). By the said order, the apex court has upheld the alleged penalty on TSPL for misdeclaration of availability for January 2017 in terms of the Grid Code, along with the applicable Late Payment Surcharge, the filing said. Talwandi Sabo Power Ltd is a 1,980 MW super-critical coal-based thermal power plant located at Banawala in Mansa district, Punjab. The filing further said that TSPL will pay an amount of approximately Rs 127 crore and applicable Late Payment Surcharge to PSPCL. TSPL supplies 1
The Supreme Court agreed to examine the Income Tax Department's plea against a Madras High Court ruling that granted Vedanta partial relief in a TDS dispute
The government today increased the import duty on gold and silver from 6 per cent to 15 per cent; analysts see this as a positive move for Hindustan Zinc.
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Analysts said that the metal space is again a renewed strength after a healthy consolidation phase. They said that strong metal prices will help support or boost the company's profits going forward.
At 11:32 AM on Wednesday, Vedanta quoted 3 per cent higher at ₹312.65 on the BSE, as compared to a 0.26 per cent rise in the BSE Sensex.
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Vedanta plans to double aluminium capacity, scale oil output and expand power portfolio as it pursues aggressive growth across sectors following its demerger
At the top of the list is Bharat Petroleum Corporation (BPCL), which offers the highest dividend yield of 7.5 per cent
Market participants expect four new demerged businesses of Vedanta Group to likely list on the exchanges by mid June
Vedanta's demerger is expected to improve transparency, enable focused capital allocation, and unlock value by allowing each business to be independently valued
Vedanta's five-way demerger is seen reducing debt, improving leverage and unlocking value across businesses, with stronger balance sheet visibility ahead
As Vedanta splits into five separate listed entities, the immediate focus has shifted from business fundamentals to the technical mechanics of fund rebalancing
Vedanta will file with stock exchanges this week for listing approval of its demerged entities, with shares expected to list and commence trading by mid-June.
The restructuring aims to create pure-play companies that can attract sector-focused investors, improve operational efficiency, and enable sharper capital allocation
Vedanta plans to add three critical minerals in five years and is evaluating rare earth magnet manufacturing as it deepens its play in India's strategic minerals ecosystem
Mining major targets portfolio expansion and evaluates entry into rare earth magnet manufacturing as it deepens its role in India's strategic minerals ecosystem
As Vedanta splits into independent verticals, the move signals India's evolving mining sector, focused on supply chain control, critical minerals, and specialised companies