Vedanta Anil Agarwal

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 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

Vedanta plans bond sale to repay costly private debt, lower costs

Vedanta seeks to tap the dollar bond market as junk-rated Asian borrowing costs hit a four-year low, aiming to refinance private debt it borrowed at 18 per cent interest in 2023

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.

NCLT defers hearing on Vedanta demerger after govt flags irregularities

The government flagged concealment and non-disclosure in Vedanta's demerger plan, prompting the NCLT to defer its hearing to September 17

Who is Viceroy Research? The short-seller targeting Vedanta's parent

Shares of Vedanta tanked up to 8 per cent in Wednesday's intra-day trade on the BSE amid heavy volumes, after Viceroy Research's report.

Vedanta contributed ₹4.5 trn to govt in last 10 yrs, ₹55,349 cr in FY25

Anil Agarwal-led Vedanta Ltd has contributed Rs 4.5 lakh crore to the government exchequer over the last 10 years. In its annual Tax Transparency Report (TTR), the company reaffirmed its commitment to transparent and responsible tax practices. The company said it has "contributed Rs 4,48,830 crore to exchequer across its domestic and international operations over the past decade (FY15-16 to FY24-25)." In FY25 alone, the company contributed Rs 55,349 crore (37 per cent of the consolidated revenue) through direct and indirect taxes, royalties, dividends, and other statutory payments. Of this, Rs 54,595 crore was contributed to the exchequer. In India, Vedanta has operations in 15 states, with Rajasthan operations contributing Rs 25,436 crore and Odisha Rs 9,176 crore to the exchequer in FY25. Vedanta Ltd, a subsidiary of Vedanta Resources, is one of the world's leading natural resources, critical minerals, energy and technology companies, spanning across India, South Africa, Namibi

Vedanta offloads 1.6% stake in Hindustan Zinc to raise ₹3,028 crore

Vedanta offloads 66.7 million HZL shares for ₹3,028 crore via book-building; to use funds for balance sheet strengthening and demerger into sector-specific entities

India Inc condemns tragic Pahalgam attack, backs fight against terror

Terrorism is a threat to all of humanity and must be condemned in every form, says Ambani

Metals tycoon Agarwal seeks mining reboot amid debt overhaul, Saudi push

Vedanta is also expanding the gamut of its operations by winning rights to mine critical minerals like nickel, chromium, platinum, and cobalt in India through November auctions

India can surpass Brazil, China in iron ore output: Vedanta chairman

India has the potential to overtake Brazil and China to become the world's second largest iron ore producer, Vedanta Group Chairman Anil Agarwal said on Tuesday. India's iron ore production in 2024-25 (April-January) rose by 3.5 per cent to 236 million metric tonnes (MMT) compared to 228 MMT in the year-ago period. Explaining how India can surpass Brazil and China in iron ore production, he said, "Given our huge reserves, we can produce 700 million tonnes per year and become the second largest after Australia, this is very much possible. The benefits this will bring to Bharat, in terms of economic growth, jobs and revenue, to government are massive." Agarwal highlighted India's growth potential in the global iron ore market and said, "It is difficult to imagine life without iron and steel, which is made from iron. Our homes, our vehicles, our gadgets, all require iron and steel. Today, India is the 4th largest producer of iron ore in the world...Only Australia, Brazil and China ...

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

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

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

Vedanta Q3 Preview: Here's what to expect from mining major in December qtr

A day ahead of the results, Vedanta shares were in demand, as the scrip rose up to 1.62 per cent to hit an intraday high of Rs 437.60

Vedanta chairman Anil Agarwal acquires London's iconic Riverside studio

The founder and chairman of Vedanta Group Anil Agarwal is the new owner of the iconic Riverside Studio in London, announced a press release on Wednesday. The 100-year-old studio, which is a renowned global centre for arts and located on the north bank of the river Thames in the centre of London, will now operate under the name Anil Agarwal Riverside Studios Trust', it informed. "I have always believed that art has the power to transcend boundaries, unite people, and elevate human experience. Riverside Studios will become a premier global destination for showcasing Indian and global arts and culture. "I invite Indian artists and the film fraternity to showcase their artistic talent and cinematic depth at this world-renowned venue for a truly enriching experience. Global leaders from various spheres now have an opportunity to enthral the audience with their real-life experiences and journey, here," said Agarwal, who turned a tiny scrap metal business into London-headquartered Vedanta

Vedanta to pay Rs 3,324 crore interim dividend to trim parent's debt pile

With the latest offer, the company's dividends have reached to about Rs 17,000 crore for the financial year through March 2025

Vedanta aims to increase production across segments: Chairman Anil Agarwal

Vedanta Chairman Anil Agarwal on Saturday said the metal and mining conglomerate looks to increase production across segments including crude oil and zinc. "We are going to produce five hundred thousand barrels of oil and gas...so many other things they are doing, but these are the major thing for me to do..." Agarwal said at the HT Leadership Summit 2024 here. He also termed the closure of Tuticorin copper plant in Tamil Nadu as one of his smallest failures as a businessman. "Tuticorin is one of the smallest failures. More failure you have, the more success you will get. This (failure) is the first ladder for your success," Agarwal said remembering the incidents that led to the closure of the copper unit. In the near future, Vedanta is aiming to double the production levels of its subsidiary Hindustan Zinc, increase oil production at Cairn Oil & Gas to 3 lakh barrels of oil equivalent per day, and increase the capacity at its aluminium smelter to 3 million tonnes per annum, ...

Vedanta Q2 results: Mining co swings into black, posts Rs 4,352 cr profit

The company's revenue from operations, or topline, dropped 3.4 per cent annually to Rs 37,634 crore, from Rs 38,945 crore in the same quarter last year (Q2FY24)

Vedanta Q2 preview: Here's what to expect from mining major in Sept quarter

The September quarter results of Anil Agarwal-backed Vedanta are anticipated to be impacted by a mix of macroeconomic factors and segment-specific performance, according to domestic brokerages