Page 5 - Vedanta Group

Vedanta's Hindustan Zinc to give interim dividend worth Rs 2,535 crore

Earlier in July, Hindustan Zinc had announced its first interim dividend of Rs 7 per share

HZL will need approval to create separate business entities: Govt

In a meeting held on September 29, HZL's board had asked the company to explore corporate restructuring and create three separate legal entities for Zinc and lead, silver, and recycling biz

Hindustan Zinc engages advisory firm for study on its plans to spin off biz

Vedanta group firm Hindustan Zinc has engaged a leading advisory firm to study its plans of spinning off business into three separate entities to increase its market capitalisation. Without divulging the name of the advisory firm, Hindustan Zinc Ltd Chief Executive Officer (CEO) Arun Misra said it will submit the report in six to eight weeks, based on which the company will take its next step. In a telephonic interview to PTI, Misra said the current market cap of the company is USD 16 billion but he believes HZL deserves a valuation of USD 25-30 billion. "Perhaps we are unable to expose the full value of Hindustan Zinc because everything is branded under one entity," he said. "We believe if there are three companies -- one dedicated to the cause of silver, one to zinc and lead and one to all kinds of recycling... the three together will have a much higher market cap compared to what one company has," he said. Last month, HZL had said the company's board has decided to undertake a

Vedanta starts demerger process with incorporation of base metal subsidiary

Vedanta Base Metals Ltd has been incorporated to carry out the metal business

Hindustan Zinc's mined metal output drops to 252,000 tonnes in Jul-Sept qtr

Vedanta group firm Hindustan Zinc Ltd on Monday said its production of mined metal dropped marginally by one per cent to 2,52,000 tonnes in the second quarter of the ongoing fiscal. Hindustan Zinc Ltd's (HZL) mined metal production was 2,55,000 tonnes in the second quarter of the previous fiscal. "Mined metal production in the second quarter at 252kt, marginally down YoY and two per cent down sequentially mainly due to lower ore production at Rampura Agucha & Kayad mine partly offset by better overall metal grades," HZL said in a filing to BSE. The company's refined metal output in the second quarter at 2,41,000 tonnes, dropped by two per cent over the corresponding quarter of previous fiscal. "Integrated zinc production at 185kt, down 2 per cent as compared to 2QFY23 and down 12 per cent sequentially. "Refined lead production at 57kt, flat as compared to 2QFY23 and up 12 per cent sequentially on account of pyro plant operations on Lead mode during this quarter," the filing ...

What is OCCRP that has levelled allegations against Adani and Vedanta?

A report published by OCCRP has accused Adani Group of routing investments in its publicly traded stocks through "opaque" Mauritius funds. But what is OCCRP, and why is it accusing the Adani Group

Vedanta lobbied to weaken environmental regulations during pandemic: OCCRP

Vedanta's oil business, Cairn India, also successfully lobbied to have public hearings scrapped for exploratory drilling in oil blocks it won in government auctions, the report said

Vedanta considering separate entities for businesses, says Anil Agarwal

'Investors like pure play,' says billionaire chairman of company that has varied interests

Promoter to sell 4.3% stake in Vedanta to raise $500 mn for debt repayment

The shares will be sold at 5 per cent discount to the closing price of Vedanta at Rs 272 a share

Hindustan Zinc Q1 results: Net profit down 36.5%, as revenue dips 23% YoY

The operating margin for the company's business also saw a downfall from 48 per cent in Q1FY23 to 35 per cent in Q1FY24

Foxconn in talks with TSMC, TMH group to make chips in India: Report

Foxconn, with the two companies, is expected to make both advanced as well as legacy chips in India

With Vedanta JV facing hurdles, Foxconn reaches out to other companies

Foxconn has already held informal discussions with a few companies to explore a potential partnership, including 'two large domestic corporate groups'

Vedanta explores refinancing, brand monetisation for timely debt repayments

To ensure enough funds, Vedanta Limited has increased the percentage of royalty from 2 to 3 per cent beginning this year

Promoters of the group can't dispose of Vedanta shares, says lender

Vedanta stake was pledged from 2020 onwards by the group's promoter Anil Agarwal to raise funds

Anil Agarwal's Vedanta in talks with banks to raise at least $500 million

The group has been depending on money from its units to tackle its debt load, especially after it failed to sell some zinc assets to Hindustan Zinc Ltd for $3 billion

TMS Ep421: Maruti Suzuki results, Vedanta debts, markets, predatory pricing

What makes Maruti tick? Is Vedanta out of the woods? Should investors sell stocks in May and go away? What is predatory pricing? All answers here

TMS Ep421: Maruti Suzuki results, Vedanta debts, markets, predatory pricing

What makes Maruti tick? Is Vedanta out of the woods? Should investors sell stocks in May and go away? What is predatory pricing? All answers here

'Very, very comfortable': Anil Agrawal on Vedanta being over-leveraged

Elaborating on the debt repayment plans, he said that Vedanta Resources Limited would repay its obligations through a combination of dividend and royalties

Vedanta's plan to trim debt hits roadblock as govt opposes Hind Zinc deal

The government has threatened to take legal action to stop Agarwal's Vedanta Group from selling the unit to its subsidiary Hindustan Zinc Ltd., which is around 30% state-owned

Vedanta cuts net debt by $2 billion in FY23 as funding woes linger

Vedanta Resources Ltd. has achieved half of its three-year planned reduction commitment of $4 billion in the first year, the London-based company said in an exchange filing