Vedanta

Vedanta rallies 10% in 8 days, hits new high; what's driving metal stock?

Vedanta stock has outperformed the market by surging 24% in the last six months. The company's portfolio of resources business provides advantages of scale, diversification and strong balance sheet.

S&P raises Vedanta's outlook to 'positive' on strong earnings, lower costs

S&P Global Ratings has upgraded its rating outlook on Vedanta Resources to 'positive' from 'stable'. In a statement, the rating agency said it has also affirmed the issue rating of 'B' on the Vedanta Resources' senior unsecured notes. S&P has cited factors like a timely ramp-up of Vedanta Resources' recently commissioned facilities in the aluminium business, which will improve the company's cost structure and support its earnings and cash flow. It has also noted the lower interest expenses at the holding company level, that will aid in deleveraging the balance sheet. "The positive rating outlook reflects the potential for an upgrade if Vedanta Resources continues its track record of reducing debt at the holding company and operating at a lower consolidated leverage, even as it pursues growth opportunities. "This could materialise as the company improves its cost structure from deeper backward integration. In our base case, we see a path for the company's FFO-to-debt (funds ...

Emkay favours non-ferrous over steel; sees earnings upgrade in VEDL, Nalco

If current spot prices for aluminium, zinc and silver hold through FY27, Emkay estimates Vedanta and Nalco to see Ebitda upgrades of about 5.5 per cent and 4.9 per cent

Vedanta soars 20% in 2 months, hits new high; brokerages see more upside

In the past one week, Vedanta stock has outperformed the market by surging 6 per cent, as compared to a 2.2 per cent rise in the BSE Sensex and 4.8 per cent gain in the BSE Metal index.

Confident Odisha will lead India in investments soon, says CM Manjhi

CM Majhi says Odisha is witnessing record industrial activity, signing projects worth ₹50,000 crore in maritime development and ₹13 trillion in overall investments

Adani may pip Vedanta to emerge highest bidder for Jaiprakash Associates

Adani Enterprises Ltd is likely to emerge as the highest bidder to acquire Jaiprakash Associates Ltd (JAL) through insolvency process as its offers to pay acquisition amount in two years have been found better than Vedanta's bid to make payments in five years, sources said. In early September, mining conglomerate Vedanta Group had beaten Adani Group to emerge as the highest bidder, with an offer of Rs 12,505 crore as net present value (NPV), in an auction carried out by lenders to find suitors for JAL, whose interests span real estate, cement, power, hotels, and road. Dalmia Cement (Bharat) Ltd, Jindal Power Ltd, and PNC Infratech Ltd did not bid in the auction process. Later, the lenders held negotiations with these five players to enhance the bid value and maximise realisation. On October 14, these five bidders submitted fresh signed resolution plans in sealed envelopes. According to sources, the committee of creditors (CoC) of JAL met last week to deliberate on these comprehens

Vedanta's power business secures 500 MW power purchase deal from Tamil Nadu

Meenakshi Energy will supply 300 MW and VLCTPP will supply 200 MW of power to Tamil Nadu under a five-year contract

Vedanta Q2 revenue, Ebitda hit record; brokerages see strong H2 outlook

Vedanta's consolidated revenue for Q2FY26 rose 6 per cent Y-o-Y to ₹39,218 crore, while Ebitda jumped 12 per cent Y-o-Y to ₹11,612 crore, with margins expanding 69 bps to 34 per cent.

'Vedanta poised to gain from commodity cycle, deleveraging efforts'

Vedanta's second-quarter results met street expectations on robust operational performance, with analysts viewing the miner as well-positioned to benefit from the commodity rebound while advancing its deleveraging strategy. Brokerages Nuvama, Citi, ICICI Securities and Investec maintained a strong bullish stance on metals and natural resources major Vedanta Ltd. They cited factors such as Vedanta Resources' leverage being at comfortable levels, potential medium-term upside in aluminium on the London Metal Exchange (LME), volume growth, likely lower costs, and the likely completion of the demerger process as reasons for the bullish call. Nuvama said Vedanta's focus on demerger and delivery is on the verge of paying off, supported by tailwinds from commodity prices. The brokerage expects this to contribute to higher third-quarter earnings. "Q3 FY26 EBITDA is likely to jump 20 per cent QoQ led by higher prices, volume, and lower aluminium cost of production," Nuvama said. It increase

Vedanta's consolidated net profit plunges 59% to ₹1,798 crore in Q2FY26

The exceptional loss included a write off of ₹1,407 crore in Talwandi Sabo Power (TSPL), a wholly owned subsidiary of Vedanta, in pursuant to a Supreme Court order dated in August 19

Sebi puts Vedanta Group's Sterlite Electric public listing on hold

The company, part of mining and metals conglomerate Vedanta Group, filed draft papers for the IPO in early October

Vedanta raises $500 mn via bond issuance to repay near-term obligations

Anil Agarwal-led Vedanta Resources Ltd (VRL) has raised 500 million dollars through bonds in October and will use the proceeds to repay near-term obligations. As per the letter to the bondholders, the company stated that "the average maturity of its debt portfolio is now over four years, and it has reduced its weighted average interest cost to single digits, reflecting a stronger, more resilient capital structure". The company said that it has completed "a 500 million dollar bond issuance, using proceeds to repay near-term obligations, including a 550 million dollar Private Credit Facility (PCF), in line with its deleveraging roadmap." With this, the Group now has no material maturities until FY27, ensuring a well-balanced liability structure, it said. The Group maintains robust liquidity, supported by dividend inflows from operating subsidiaries and healthy free cash generation, the company added. The company has tied up a 500 million dollar term loan facility with a consortium o

Vedanta, Hindalco, Nalco breakout as LME aluminium prices soar; what next?

Vedanta, Hindalco and National Aluminium were seen trading on a buoyant note in Friday's trade amid rising aluminium prices on the LME; and can potentially rally another 18%, suggest tech charts.

Vedanta shares advance 3% on ₹1-trillion Odisha investment plan

Vedanta shares rose 3 per cent after it said it will invest an ₹1 trillion in Odisha, helping create over 1 lakh employment opportunities

Vedanta to invest ₹1 trn more in Odisha, add 100K jobs across three plants

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

Hindustan Zinc Q2FY26 results: Net profit rises 13.8% to ₹2,649 crore

Vedanta group firm Hindustan Zinc Ltd on Friday reported a 13.8 per cent increase in consolidated net profit at Rs 2,649 crore for quarter ended September 30, 2025. The company had posted consolidated net profit of Rs 2,327 crore in the year-ago period. The consolidated income of the company in the July-September period increased to Rs 8,787 crore, over Rs 8,522 crore in the corresponding quarter of the previous financial year. Hindustan Zinc Ltd is a leading integrated zinc producer and is amongst the top five silver producers globally. The company supplies to more than 40 countries and holds a market share of about 77 per cent of the primary zinc market in India.

Metal stocks shine as JSW, Tata Steel rally; analysts lift H2FY26 view

JSW Steel hit all-time highs and Tata Steel a 15-month peak as metals gained 20% in six months, driven by global price recovery, US rate-cut hopes and GST-driven demand

Delhi Metro to begin early operations on Oct 12 for Vedanta half-marathon

The Delhi Metro Rail Corporation (DMRC) will start its train services early on four lines to facilitate participants of the Vedanta Delhi Half Marathon scheduled at the Jawaharlal Nehru Stadium on October 12. According to a statement by the DMRC, metro services will begin at 3:15 am from terminal stations on the Red, Yellow, Blue, and Violet Lines. The lines include Rithala-Shaheed Sthal (Red Line), Samaypur Badli-Millennium City Centre Gurugram (Yellow Line), Dwarka Sec-21-Noida Electronic City/Vaishali (Blue Line), and Kashmere Gate-Raja Nahar Singh (Violet Line). Trains will run every 15 minutes between 3.15 am and 4 am and every 20 minutes between 4 am and 6 am. Regular Sunday schedules will apply after 6 am, it added. Metro services on all other lines will start according to the regular Sunday timetable, the DMRC said. To assist runners, volunteers deployed by the marathon organisers will be stationed at key metro stations, including Jawaharlal Nehru Stadium, Jor Bagh, Janpat

Further consolidation ahead for Nifty? Here's today's outlook and top picks

Religare Broking's Ajit Mishra continues to maintain a 'buy on dips' strategy and recommends focusing on opportunities with a favourable risk-reward setup

NCLT once again postpones Vedanta demerger hearing to 29 October

The National Company Law Tribunal (NCLT) on Wednesday once again postponed the hearing on Vedanta's demerger proposal to October 29. On September 17, the Mumbai bench of NCLT had deferred the hearing on the matter till October 8, and also directed Vedanta as well as the Ministry of Petroleum and Natural Gas (MoPnG) to file written submissions on the matter within five days. Earlier on August 20, the tribunal had deferred the hearing on the Vedanta demerger to September 17 as market regulator Sebi was yet to complete the scrutiny of the proposal, while the petroleum ministry had raised certain objections and sought time to present its observations on the scheme. The counsel representing the ministry had raised objections to the demerger seeking details on the RJ block, and sought clarifications on disclosures. The counsel said the ministry also wants disclosures on the concealment of facts that includes showing the exploration blocks as Vedanta's assets and details of the loan taken