Page 3 - Vedanta Ltd News

Vedanta in process of acquiring land for 3 MTPA aluminium smelter in Odisha

Vedanta is in the process of acquiring land for its 3 million tonnes per annum (MTPA) aluminium smelter in Dhenkanal, Odisha, a top company official said on Wednesday. "We are moving towards setting up a new mega aluminium plant at Dhenkanal, Odisha, (with a capacity of) three million tonnes," Rajiv Kumar, Chief Executive Officer for the Aluminium business at Vedanta, said. Currently, the company's total capacity stands at 3 million tonnes. "We want to go to six million tonnes, for which we are actively involved in land acquisition, and hopefully things are progressing very well," Kumar said. He was speaking to reporters on the sidelines of ALUMEX India 2025, organised by Aluminium Extrusion Manufacturers Association of India (ALEMAI) in the national capital during September 10-13. This green aluminium smelter, he said, has the potential to create over two lakh jobs. On the investment to be made in the said plant, he said that "Aluminium is very heavy on investment and is a ...

Vedanta shares drop 3% as analysts raise 'concern' on ₹17,000-cr JAL offer

Vedanta shares fell 3 per cent after Nuvama raised "concerns" on the company emerging as the top bidder for bankrupt JAL

Vedanta invests ₹12,500 crore to expand metals output for EV industry

Vedanta has invested Rs 12,500 crore to expand aluminium, zinc, copper, steel, nickel and ferrochrome capacity to support the growing demand from India's EV industry

Stocks to watch today, Sep 8: SpiceJet, TaMo, M&M, Vedanta, BHEL, HFCL

Stocks to watch today, September 8, 2025 | Aurobindo Pharma: USFDA issued 8 procedural observations after inspecting Telangana Unit-XII.

Vedanta outbids Adani to buy bankrupt JAL with ₹17,000 crore offer

The bid, with a net present value (NPV) of ₹12,505 crore, is the highest recovery plan placed so far for the debt-laden company, the people said

Vedanta beats Adani with ₹17,000 cr bid to acquire debt-ridden JAL

Mining conglomerate Vedanta on Friday beat Gautam Adani's Group to make a winning bid for the acquisition of debt-ridden Jaiprakash Associates (JAL) for Rs 17,000 crore, according to sources. The bid value translates into Jaiprakash Associates' net present value of Rs 12,505 crore. JAL, which has interests in real estate, cement, power, hotels and roads, has been dragged into insolvency proceedings after it defaulted on payment of loans. Lenders of JAL conducted a challenge process for the sale of the company under the IBC. Multiple bidders participated in the process, but in the end, firm bids were placed by only two entities, Adani and Vedanta Group. Vedanta eventually made a winning bid of Rs 17,000 crore, which translated into a NPV (net present value) of Rs 12,505 crore, beating Adani Group, sources said. The Committee of Creditors (CoC) meeting was held on September 5 to conduct the challenge process. Financial creditors have claimed a staggering Rs 57,185 crore in unpaid

Nifty Metal index surges 3%; why Tata Steel, SAIL rallied up to 6% today?

Metal stocks were in demand on Wednesday amid buzz that the government may reallocate non-operational iron ore mines held by SAIL and OMC.

Dividend, bonus issue: Vedanta, HDFC Bank, 12 others to remain in focus

Here is the complete list of stocks that will remain in the spotlight today following their announcement of corporate actions such as dividends, and bonus share issues

Looking for passive income? Here are 10 stocks with highest dividend yields

The top 10 companies with the highest dividend yields included PTC India, MSTC, Vedanta, Akzo Nobel India, Coal India, NMDC, Hindustan Zinc, La Opala RG, Ashok Leyland, and National Aluminium Company

Vedanta approves ₹6,256 cr interim dividend; VRL to get ₹3,503 cr

Vedanta's board cleared a ₹16-a-share interim dividend totalling ₹6,256 crore, with 56 per cent set to flow to parent Vedanta Resources as it battles heavy debt

Vedanta board approves second interim dividend of ₹16 per share for FY26

Mining major Vedanta Ltd on Thursday said its board has approved the second interim dividend of Rs 16 per share for the current fiscal, amounting to an outgo of Rs 6,256 crore. The company had earlier announced a dividend of Rs 7 per share in June this year. The first dividend had led to an outflow of Rs 2,737 crore. "The board of directors of Vedanta Ltd at its meeting held today...has considered and approved the second interim dividend of Rs 16 per equity share on face value of Re 1 per equity share for financial year 2025-26 amounting to Rs 6,256 crore," the company said in a filing to BSE. The record date for the payment of dividend will be August 27, 2025, it said. Vedanta had announced a total dividend of Rs 43.50 per share in last financial year.

Is Vedanta stock a BUY or SELL at current price? Here's what chart suggests

Trading strategy in Vedanta as the company battles demerger process, and aims to reward shareholders with regular dividends. Charts hint at up to 24 per cent upside potential for the share price.

Vedanta demerger faces delay as Centre objects, Sebi issues warning

Vedanta's plan to split into six listed entities has been delayed after the Centre objected and SEBI issued a compliance warning, intensifying regulatory scrutiny

Vedanta shares fall 3% as Centre objects to demerger; NCLT defers hearing

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

Vedanta shares rise 2% as board set to consider second interim dividend

Vedanta shares gained over 2 per cent on Tuesday after the company said its board will meet to consider an interim dividend for FY26

Viceroy Research calls Vedanta Zinc International assets 'scrapheap'

Viceroy says Vedanta's Skorpion mine in Namibia is "worthless" and warns of debt risks; Vedanta insists the asset is strategic and remains committed to its revival

Metal index soars nearly 3% led by JSPL, SAIL, Tata Steel; here's why

At 12:37 PM; Nifty Metal index, the top gainer among sectoral indices, was up 2.6 per cent, as compared to 0.57 per cent rise in Nifty 50.

Vedanta Q1 net profit falls 11.7% to ₹3,185 crore on weak LME prices

While revenue rose nearly 6%, lower commodity prices weighed on Vedanta's bottom line; zinc and alumina operations hit record production levels in Q1FY26

Vedanta Q1 results: Profit down 12% to ₹3,185 cr; Ebitda hits record high

Vedanta Q1 FY26 results: While quarterly profit and revenue declined, Vedanta posted its highest-ever Q1 Ebitda and margin in 13 quarters. An interim dividend of ₹7 per share was approved

Vedanta refunded ₹1,030 cr brand fee to unit after ED scrutiny: Viceroy

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