Vedanta Limited

Andhra govt issues NOC to Vedanta to drill 20 onshore oil, gas wells

The Andhra Pradesh government has issued a conditional "No Objection Certificate" to Vedanta Limited (Cairn Oil & Gas Division) for drilling 20 onshore wells in Krishna district. According to a recent Government Order, Vedanta Limited (Cairn Oil & Gas Division) has submitted a representation, stating that their firm was awarded the work of development of the Onshore Oil and Gas Field under the Discovered Small Field (DSF) Policy, 2018. Further, they requested to grant a No Objection Certificate (NOC) for drilling wells at 35 locations in the block located in various village limits for Onshore Oil and Gas Development and Production, from the Water Resources Department of Andhra Pradesh, as the Bandar Canal passes through the centre of the proposed block. After careful examination of the matter, the government hereby issues No Objection Certificate' to M/s Vedanta Limited (Cairn Oil & Gas Division), Mumbai, for drilling 20 Nos. of wells at the locations mentioned at para ...

'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 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

Vedanta approves ₹6,256 cr interim dividend; VRL to get ₹3,503 cr

Vedanta's board cleared a ₹16-a-share interim dividend totalling ₹6,256 crore, with 56 per cent set to flow to parent Vedanta Resources as it battles heavy debt

Vedanta demerger faces delay as Centre objects, Sebi issues warning

Vedanta's plan to split into six listed entities has been delayed after the Centre objected and SEBI issued a compliance warning, intensifying regulatory scrutiny

Vedanta reports record alumina, ferro chrome output in Q1 FY26 results

Vedanta posts strong quarterly performance with record alumina and ferro chrome production, higher zinc output, and operational gains across key metals and power businesses

Adani Enterprises, Vedanta, others in fray to acquire Jaiprakash Associates

About half a dozen companies including Adani Enterprises, Vedanta and Jindal Power have submitted resolution plans to acquire Jaiprakash Associates through an insolvency process, according to sources. On Tuesday, sources had said that Billionaire Gautam Adani group firm Adani Enterprises, mining mogul Anil Agarwal's Vedanta, Dalmia Bharat Cement and Jaypee Infratech have submitted their bids. PNC Infratech is also believed to have put in its bid. Lenders of Jaiprakash Associates Ltd (JAL) met on Wednesday to open the bids submitted by the interested parties. The last date was June 24. Resolution plan of Jaypee Infratech Ltd, which has been acquired by Mumbai-based Suraksha Group, may get rejected as it has not fulfilled certain criteria. In April, as many as 25 companies showed interest to acquire JAL. Baba Ramdev-led Patanjali Ayurved, however, did not submit the resolution plan after showing initial interest. JAL, which has business interests spanning real estate, cement ...

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 declares ₹7 interim dividend, offloads 1.6% stake in Hindustan Zinc

Vedanta Ltd said it has sold 66.7 million shares in its subsidiary, Hindustan Zinc Limited, to institutional investors for ₹3,028 crore

Hindustan Zinc to invest around Rs 12,000 crore to double capacity

Vedanta group firm Hindustan Zinc Ltd (HZL) will invest nearly Rs 12,000 crore to double its capacity across zinc, lead and silver verticals. The decision was taken at HZL's board meeting on Tuesday. "As part of 2x growth plan, Hindustan Zinc Ltd board has approved plans for expanding its integrated refined metal capacity by 250 ktpa (kilo tonne per annum) along with matching mines & mills capacity with an investment of Rs 12,000 crore," HZL said in a filing to BSE. The expansion would be funded through internal accruals and debt. The board, HZL said, has approved a project for setting up a 250 ktpa integrated smelter at Debari, Rajasthan along with mines and mills expansion across the mines. The project is targeted to be completed in a period of 36 months with an overall cost of nearly Rs 12,000 crore, it said. "We are excited to announce this 2x growth project towards doubling our capacity across zinc, lead and silver, which is strategically aligned with the country's expandin

Vedanta to raise upto ₹5,000 crore via unsecured bond issue for refinancing

Vedanta Ltd will issue bonds worth ₹5,000 crore to refinance existing debt and back capital expenditure as part of its restructuring and investment plans

Vedanta shares climb 2% after NCLAT stays NLCT order rejecting demerger

Vedanta stock gained 2 per cent after NCLAT granted an interim stay on an order passed by NCLT rejecting Vedanta's five-way demerger.

Vedanta unveils technology to create a productive, future-ready workplace

Vedanta Ltd on Tuesday said it has deployed several leading-edge technologies, including Artificial Intelligence (AI)-led monitoring systems and drones to create workplaces that are both highly productive and future-ready. Besides, Artificial Intelligence (AI)-led monitoring systems and drones, the company has also deployed fatigue detection systems, smart helmets, and tele-remote operations, which help in transforming industrial safety across its operations. As workplaces evolve with AI, robotics, exoskeletons, and remote work, these technologies are creating both opportunities and challenges. "By leveraging AI, smart systems, and people-first leadership, we are not just responding to risks, we're anticipating and preventing them. Our commitment is to create workplaces that are not only productive, but deeply safe, healthy, and future-ready," Vedanta Ltd spokesperson said. Vedanta's zinc business in India has deployed a virtual reality (VR)-based winder training simulator system t

Vedanta mitigates 28 million tonnes of carbon emissions since FY23

Vedanta Ltd on Wednesday said it has mitigated 28 million tonnes of carbon emissions since FY23, roughly equivalent to the carbon dioxide absorbed by more than one billion trees annually. Backed by the country's largest portfolio of energy transition metals, the company utilised 2.61 billion units of renewable energy including waste heat recovery in FY25, Vedanta Ltd said in a statement. Vedanta has a growing portfolio of low-carbon 'green' products in aluminium (Restora and Restora Ultra), zinc (EcoZen), and display glass (Super Green SaiSei), with some of the lowest carbon footprints in the world. The company said it has ramped up renewable energy usage by 14 times since FY'20 and is targeting to achieve 2.5 GW of renewable energy capacity by 2030. "At Vedanta, we don't see sustainability as a checkbox, but as a responsibility that shapes every decision we make. From producing the world's greenest metals, scaling up renewables, to empowering our people to be climate champions ...

Vedanta to set up aluminium park in Odisha's Jharsuguda over 253 acres

Vedanta Ltd on Monday said it will set up a modern aluminium park in Odisha's Jharsuguda, close to its aluminium smelter. Spanning over 253 acres, the park will attract more than 100 micro, small and medium enterprises (MSMEs) and generate 2 lakh employment opportunities, the company said in a statement. Vedanta would invest Rs 1 lakh crore for setting up of the park and an aluminium plant of 3 million tonnes per annum (MTPA) capacity in Rayagada district, it said. Our journey in Odisha has been nothing short of transformative. From breaking barriers with the country's first women-operated potline to fostering sustainable growth through our skill development and environmental initiatives, we are deeply committed to shaping Odisha's bright future, said Vedanta Aluminium's chief operating officer (COO), Sunil Gupta. Our latest investment of Rs 1 lakh crore is a testament to our enduring belief in the state's potential to lead India's industrial revolution, he said. At the Utkarsh ..

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

Analysts eye up to 53% upside in Vedanta share after Q3; CLSA ups target

The main drivers for Vedanta's positive outlook cited by analysts include strong performance in the aluminium, zinc, and oil segments, cost management efforts, and the ongoing capex plans

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 creditors likely to meet in February to approve business split

Vedanta plans to divide its business into units focused on aluminum, oil & gas, power, steel and finally semiconductors, which will be left in the original business with electronics and copper assets

Vedanta board to declare 4th interim dividend on Dec 16; share price up 2%

The uptick in the Vedanta share price came after the company announced that the Board will meet on Monday, December 16, 2024, to consider and approve the Fourth Interim Dividend on equity shares