Page 6 - Vedanta Group

Global investment firm KKR invests $400 million in Serentica Renewables

Global investment firm KKR has inked a pact to invest USD 400 million in decarbonization platform Serentica Renewable. Both the entities have signed definitive agreements to this effect, under which KKR will invest USD 400 million in Serentica Renewable, a statement said on Tuesday. "This transaction is amongst the largest industrial decarbonization investments in India to date and carries forward the global decarbonization agenda which is centre stage at COP27 (2022 United Nations Climate Change Conference)," said Pratik Agarwal, Director of Serentica Renewables. Serentica looks to deliver round-the-clock clean energy solutions for large-scale, energy-intensive industrial customers. This includes providing renewable energy solutions through long-term Power Purchase Agreements and working closely with customers to design their paths to net-zero electricity. Currently, the company has entered into three long-term PPAs and is in the process of developing around 1,500 MW of solar and

Gujarat and Rajasthan are Corporate India's investment lodestone

Gujarat tops with Rs 4 tn in fresh investments, Rajasthan is second with Rs 2.37 tn investments in FY22

Vedanta Q2 net profit falls 60% on higher expenses; revenue up 20%

Vedanta's oil and gas business also took a hit due to the windfall tax and lower crude prices in Q2, analysts said

Hindustan Zinc Q2 net profit rises 33% to Rs 2,680 crore; revenue up 36%

Shares of Hindustan Zinc were up 0.88 per cent to Rs 280 apiece on the BSE at the close of trade on Friday

DIPAM set to meet investors to gauge interest in Concor divestment process

Pre-EoI meeting expected to be held this week

Vedanta-Foxconn demanded 'central govt alignment', Shinde's letter reveals

In his letter, Maharashtra CM Eknath Shinde said state was 'moving expeditiously' on request and invited the Chairman for MoU ceremony on July 29.

Indian semiconductor industry may benefit from the proposed US CHIPS Act

US Chips act has a total outlay of $53 billion, five times India's PLI scheme for semiconductors which amounts to $10 billion

Sterlite Power forms RE firm for projects serving commercial clients

Serentica Renewables will supply 600 MW to Vedanta Group, set up energy storage capacity in three states

Vedanta eyes $100-bn revenue by 2030, capex of about $3-bn in next two yrs

Agarwal pointed to the acquisition of Goa-based Nicomet (in December 2021), which has made Vedanta the only producer of nickel in India

India Inc's green push gets a fillip with amended Energy Conservation Bill

Share of thermal energy for manufacturing companies almost 95%

Vedanta to pay out Rs 7,250 cr on second interim dividend at Rs 19.5/share

So far, the company's dividend payout in FY23 stands at Rs 18,960 crore, ahead of FY22 total dividend of Rs 16,740 crore

Vedanta Group eyes $3.5-bn turnover from chip biz, one-third from exports

Vedanta Group's global managing director of display and semiconductor business said their JV partner Foxconn has all the agreements and required technologies in place to start making electronic chips

Vedanta turns to LIC for Rs 5,000 cr as offshore borrowing gets costlier

Fund to be raised via 10-yr bonds; another Rs 2K cr to come via 18-month papers

Copper plant sale offer 'diversionary,' says anti-Sterlite group in TN

'Vedanta may sell its machinery and equipment, but the land should revert to the government. The land must be allotted only to agro-based units by the government'

Vedanta to modify design of waste heat recovery plant in Goa

This is in line with Vedanta's efforts towards reducing the carbon footprint

Visa scam case: Karti Chidambaram likely to appear before CBI on Wednesday

Karti, who has gone on a trip to the UK and Europe with the permission of the Supreme Court and a special CBI court, is scheduled to return on Tuesday

Centre woos semiconductor makers in quest to become key global player

India will provide support for companies looking to invest in semiconductor manufacturing, Prime Minister Narendra Modi said on Friday

Vedanta Q4 net profit drops 10% to Rs 5,799 crore, but Ebitda highest ever

The company reported an exceptional loss of Rs 330 crore in Q4, mainly in its copper division, which contributed to the drop in its net profit for the period

Vedanta's shares gain over 7% as CRISIL upgrades long-term ratings

On the BSE, the company's shares ended 7.28 per cent higher at Rs 362.5 apiece

Top headlines: RIL to invest Rs 5.9 trn in Gujarat; BPCL gets a price tag

Business Standard brings you the top headlines on Thursday