Vedanta reported record FY26 earnings and expects further profit growth in FY27, supported by strong commodity prices, cost efficiencies, and favourable global conditions
The mining conglomerate posted record-high revenue of ₹51,524 crore for the fourth quarter of FY2025-26; full-year profit came in 22 per cent higher at ₹25,096 crore, up from ₹20,535 crore in FY25
The Mumbai-based miner's consolidated net profit rose to ₹6,698 crore ($706.3 million) in the quarter ended March 31 from ₹3,483 crore a year ago
Vedanta announced that May 1, 2026, will be the record date for its long-awaited demerger. The stock will turn ex-date on April 30 because May 1 is a market holiday.
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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
Street expects Vedanta's profit to rise sharply in Q4, with adjusted PAT estimated to grow up to 174 per cent Y-o-Y, driven by higher realisations and improved operating performance across segments
NCLAT has reserved judgment on Vedanta's appeals challenging Adani Enterprises' resolution plan for JAL, after hearing arguments from lenders and other stakeholders
The National Company Law Appellate Tribunal (NCLAT) on Wednesday reserved its order on Vedanta's two petitions against the selection of Adani Enterprises' bid to acquire debt-ridden Jaiprakash Associates Ltd (JAL) through an insolvency process. A two-member NCLAT bench comprising Chairperson Ashok Bhushan and Member Technical Barun Mitra concluded its hearing following arguments from Vedanta and respondents, including the Resolution Professional, Committee of Creditors (CoC) and Adani Enterprises. It asked both parties to submit written submissions within the next two days. Vedanta's counsel questioned the evaluation metrics adopted by JAL lenders, who selected the bid from Adani Enterprises offering Rs 14,535 crore and rejected Vedanta's higher bid of Rs 17,926 crore. On March 24, NCLAT declined any interim stay over the Vedanta Group's plea against the order passed by the NCLT on March 17, approving Adani Group's bid. However, it had said that the plan would be subject to the .
Amol Athawale of Kotak Securities believes that Vedanta is trading with a positive bias, and expects the stock to test ₹820 - ₹825 levels on the upside.
Adani Group supports lenders in Jaypee insolvency case, opposing Vedanta's revised bid filed after deadline, citing concerns over fairness and process integrity
Vedanta informed the stock exchanges that May 1, 2026, has been approved as both the effective date of its demerger and the record date to determine eligible shareholders.
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Vedanta moves ahead with restructuring plan to split into four independent listed entities, with shareholders to receive one share in each business
Lenders allege Vedanta altered its JAL bid after accessing sensitive scoring details, raising concerns over fairness in the insolvency resolution process
Resolution professional counters Vedanta's claims in appellate tribunal, says email cited by firm did not amount to formal declaration of highest bid
The resolution professional of debt-ridden Jaiprakash Associates Ltd (JAL) told the National Company Law Appellate Tribunal (NCLAT) that there has been no formal declaration identifying Vedanta as the highest bidder in the insolvency process, according to court submissions. Senior Advocate Abhishek Manu Singhvi, appearing for the Resolution Professional (RP) said an e-mail dated September 5 circulated to all bidders only conveyed the highest financial value discovered during the challenge process, and did not constitute an official declaration of a successful bidder. He alleged that Vedanta's claim of being the highest bidder amounted to "suppression of material facts," arguing that its petition lacked a legal and factual basis. Singhvi further told the tribunal that the case presented by the mining group was "completely without foundational facts." "It is a perfectly simple, valid e-mail pointing out what will happen in future. When you do this, then we will evaluate. It's very ...
A preliminary technical investigation into the blast at the Vedanta power plant in Chhattisgarh's Sakti district has found that excessive fuel accumulation inside the boiler furnace led to a pressure build-up, triggering the explosion, police have said. The initial probe also points to "lapses in upkeep and negligent operation" at the power plant, they said. The explosion occurred on April 14 at the plant in Singhitarai village when a steel tube carrying high-pressure steam from the boiler to the turbine burst, leaving several workers with severe burn injuries. The incident claimed 20 lives and left 16 persons injured. "According to an initial report submitted by the Chief Boiler Inspector, the excessive fuel inside the furnace generated high pressure, causing a blast in the boiler. The pressure forced a lower pipe of the boiler out of its designated position, resulting in the severe accident," said a police statement on Thursday. A report by the Forensic Science Laboratory (FSL) i