Vedanta

Metal stocks shine: HZL, SAIL, JSW Steel rally up to 10% on safeguard duty

Metal stock rally: The Nifty Metal index rose as much as 1.67 per cent to hit an intraday high of 9,185.20.

Stocks to Watch, March 18: Bajaj Finserv, IndusInd, Vedanta, Tata Motors

Stocks to Watch on Tuesday: Bajaj Finserv, IndusInd Bank, Vedanta, Tata Motors, Zomato and Hindustan Unilever are among the top stocks to watch today, March 18, 2025

Newly demerged Vedanta cos could grow into $100 bn each: Agarwal

Vedanta Ltd Chairman Anil Agarwal on Monday reaffirmed the company's commitment to unlocking value, saying the four new companies that will emerge from the demerger, have the potential to grow into USD 100 billion companies each. The company's proposed demerger will create four independent natural resource-focused entities with management structures, capital frameworks, and strategic priorities. In a letter to shareholders, Agarwal highlighted the need for pure-play businesses and how the proposed demerger will help Vedanta achieve this. Vedanta plans to split the mining conglomerate into different businesses with a view to simplify the group's structure and help manage its debt burden. Mining tycoon launched the plan to overhaul the business in 2023 after failing to take Vedanta private in 2020. According to Vedanta's demerger scheme, every Vedanta shareholder will receive 1 additional share in each of the 4 newly demerged companies on the completion of the demerger process. The

Vedanta promoters to retain over 50% stake in all demerged entities

Vedanta Resources Chairman Anil Agarwal says promoters will retain over 50% stake in each demerged entity; debt reduction to $3 billion targeted by FY27 without stake dilution

Vedanta repays $900 mn loan, deleverages balance sheet by $550 mn

The loan, taken by subsidiary THL Zinc Ventures in May 2023 at 13.9 per cent interest, was partly repaid using funds from Vedanta's $1 billion June 2024 QIP

Company on track to achieve 30% women in workforce by 2030, says Vedanta

Vedanta on Saturday said it is on track to achieve 30 per cent women representation by 2030. Notably, 28 per cent of its women representation is in decision-making roles, highest among metals and mining companies in the country. Vedanta is bridging the talent gap by adding qualified women into its fold, a statement said. Aligned with Vedanta's sustainability goals, the company has implemented progressive people policies to support its workforce, including rich job content, targeted hiring, mentorship programs, accelerated career-growth opportunities in high-growth businesses. Policies such as 'no questions asked' work-from-home option for women, flexible work hours, year-long sabbatical for childcare and spouse hiring among others, support their growth during different life-stages. Vedanta group firm Hindustan Zinc has launched the Women of Zinc campaign, attracting women to metals sector on International Women's Day 2025. The campaign is a bold initiative designed to showcase th

Empowering women is the smartest economic decision India can make

Ensuring they have access to education, health care and a chance to become entrepreneurs will be fair and financially wise

NCLT rejects Talwandi Power's demerger in Vedanta restructuring plan

The National Company Law Tribunal has dismissed the demerger scheme filed by Talwandi Sabo Power Ltd (TSPL) after objections were raised by SEPCO, a creditor of TSPL, in relation to the demerger of Vedanta. The Mumbai bench of NCLT in its ruling on Tuesday said, "...keeping in view the facts and circumstances of the present case, we deem it appropriate to reject the scheme presented by the Applicant under Section 230 of the Companies Act." It further observed that "...material facts have not been disclosed by the Applicant company, violating Section 230 (2)(a) of the Companies Act, 2013, which in our considered opinion is bound to prejudice the public interest at large." The decision came after China-based SEPCO Electric Power Construction Corporation raised objections to the demerger, saying that the power unit had deliberately excluded their outstanding debt of Rs 1,251 crore from the list of creditors. SEPCO opposed the scheme, alleging that TSPL had concealed material informat

Hindustan Zinc on track to double metal production to 2 MTPA: Chairperson

Vedanta Group firm Hindustan Zinc aims to double its metal production to two million tonnes per annum (MTPA) within the next five years, Chairperson Priya Agarwal Hebbar said. "With India's expansion in steel capacity and a strong focus on infrastructure, Hindustan Zinc is on track to double its production to two MTPA by 2030, as our zinc plays a critical role in steel galvanisation," Hebbar said in a letter to shareholders. The company's current metal production capacity is 1.1 MTPA. The company, she said, is also expanding into critical minerals and has been declared the preferred bidder for several blocks across the country. Hindustan Zinc's roaster and fertilizer plant projects are on track, strengthening its growth pipeline. "Our record-breaking production numbers are backed by highly digitalised and automated operations that continue to set industry benchmarks. Be it our tele-remote operations allowing us to operate underground mines from the surface or advanced robotics in

Vedanta to invest Rs 50,000 cr oil, gas in Assam, Tripura over 3-4 yrs

Mining major Vedanta Group chairman Anil Agarwal on Tuesday announced that it will pump in Rs 50,000 crore in Assam and Tripura's oil and gas sector over the next 3-4 years. Speaking at the inaugural function of the Advantage Assam investment summit here, he said group firm Cairn Oil & Gas has already invested around Rs 2,500 crore in the two states of the northeast region. "Assam has abundant natural resources and potential to become the world's mega basin. We are poised to play a pivotal role in Assam's sustainable growth and development," he said. Agarwal said that the company has firmed up plans to "invest Rs 50,000 crore in Assam and Tripura's oil and gas sector over the next 3-4 years". "With such an investment, we will produce 1,00,000 barrels of oil and gas per day, making the region a dominant hydrocarbon hub. It will also create direct and indirect employment opportunities for 1 lakh youths," he added.

Vedanta declared preferred bidder for diamond block in Madhya Pradesh

It said it is the highest bidder with a final price offer of 1.10 per cent

Vedanta shares rise after getting shareholders & creditors nod for demerger

Vedanta will be split into five resulting companies - Vedanta, Vedanta Aluminium Metal, Talwandi Sabo Power Limited, Malco Energy, and Vedanta Iron and Steel

Stocks to Watch, Feb 21, 2025: Religare Ent, CIE Automotive, TCS, Vedanta

Stocks to Watch, Feb 21, 2025: Here is a list of stocks that could be buzzing in trade today

Demerger gets approval from creditors and shareholders, says Vedanta

Vedanta said the resolution was passed with 99.99 per cent of those participating, voting in favour of the resolution

Anil Agarwal's Vedanta seeks top talent for newly formed companies

Co has seen slew of high-level exits

Vedanta raises Rs 2,600 crore through non-convertible debentures

Mining major Vedanta on Thursday said it has raised Rs 2,600 crore through issuance of non convertible debentures. In a filing on BSE, Vedanta said the committee of directors of the company has approved the allotment of 2,06,000 rupee-denominated unsecured, redeemable, rated, listed, non-convertible debentures of face value of Rs 1 lakh each, aggregating to Rs 2,060 crore (Series 1 debentures). Besides, it has allotted 54,000 rupee-denominated unsecured, redeemable, rated, listed, non-convertible debentures of face value of Rs 1 lakh each, aggregating to Rs 540 crores (series 2 debentures), Vedanta said. On February 11, the company's committee of directors had approved raising up to Rs 3,000 crore through issuance of non-convertible debentures (NCDs).

Vedanta gets demerger nod; 99.99% shareholders, 99.95% lenders support move

Vedanta Ltd has received approval from its shareholders and creditors for its proposal to demerge the company into five independent, sector-specific companies, according to a stock exchange filing by the company. The demerger was approved by 99.99 per cent of shareholders, 99.59 per cent of the secured creditors, and 99.95 per cent of unsecured creditors of Vedanta Limited who voted in favour of the demerger, as per the stock exchange filing made by the company. According to Vedanta's demerger scheme, every Vedanta shareholder will receive 1 additional share in each of the 4 newly demerged companies on the completion of the demerger process. The five companies are Vedanta Aluminium, one of the world's largest producers of aluminium; Vedanta Oil & Gas, India's largest private-sector crude oil producer; Vedanta Power, one of India's largest generators of power; Vedanta Iron and Steel - a company with a highly scalable ferrous portfolio; and Vedanta Limited which will include the ...

Stocks to Watch, Feb 18, 2025: Airtel, NTPC, Power Grid, Vedanta, Paytm

Stocks to Watch, Feb 18, 2025: Airtel, NTPC, Power Grid and other stocks will be on investors' radar today

Vedanta creditors to meet on Feb 18 for final vote on demerger plan

Both secured and unsecured lenders will discuss the much-awaited overhaul plan on Feb 18 and vote on it, according to a statement from the company

UPDATES: Vedanta's Committee of Directors approves raising up to Rs 3,000 cr via NCDs

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