Page 2 - Vedanta Ltd

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

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 board to consider first interim dividend for FY26 on June 18

Shareholders on record as of June 24 will be eligible for the dividend, if declared; Vedanta declared ₹43.5 per share in interim payouts during FY25

Vedanta Ltd to raise Rs 5,000 crore via NCDs as profit surges in Q4

Mining conglomerate Vedanta Ltd on Friday said the committee of directors has approved raising up to Rs 5,000 crore via issuance of debentures. The committee approved issuance of 5 lakh unsecured, rated, listed, redeemable NCDs of face value of Rs 1 lakh each on a private placement basis, as per a regulatory filing by Vedanta. "The duly authorised committee of directors at its meeting held today... has considered and approved the issuance of unsecured, rated, listed, redeemable, non-convertible debentures (NCDs) on a private placement basis... aggregating up to Rs 5,000 crore," the filing said. The issue will be listed on the BSE. Mining major Vedanta Ltd reported a 154.4 per cent increase in consolidated net profit to Rs 3,483 crore in the March quarter driven by lower production costs and higher volumes. The company had posted a net profit of Rs 1,369 crore in the year-ago period. The income of the company during the January-March period rose to Rs 41,216 crore from Rs 36,093 c

Vedanta Resources weighs Zambia copper IPO to fund $1 billion investment

Vedanta has pledged to invest $1 billion in the operation as part of negotiations with the state to secure its return to Konkola copper mines

Vedanta Q4 results: Consolidated net profit rises by 154% to ₹3,483 cr

The mining major's net sales jumped by 13.9 per cent to Rs 40,455 crore in the January-March quarter on a year-on-year basis (YoY)

Vedanta Q4FY25 results: Profit surges 154% to ₹3,483 cr on higher volumes

Mining major Vedanta Ltd on Wednesday reported a 154.4 per cent increase in consolidated net profit to Rs 3,483 crore for the quarter ended March 31, 2025, driven by lower cost and higher volume. The company had posted a net profit of Rs 1,369 crore in the year-ago period. The income of the company in the January-March quarter increased to Rs 41,216 crore over Rs 36,093 crore in the year-ago period, Vedanta said in a filing to BSE. In a statement, the company said that during the fourth quarter its "Profit After Tax (PAT) was at Rs 4,961 crore, up 118 per cent Y-o-Y and 2 per cent Q-o-Q." "This quarter concludes a year of exceptional achievement in FY25, where we not only delivered the highest-ever annual volumes for aluminium and zinc but also drove costs of production down significantly, reaching four-year lows for Zinc India CoP and ex-Alumina CoP at Aluminium. "Our outlook for FY26 is firmly focused on growth and efficiency. We are accelerating our transformation, driven by .

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 ...

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

Vedanta seeks global partner for $20 bn expansion across key segments

Mumbai-listed mining conglomerate Vedanta Ltd is hunting for a global partner for its USD 20-billion expansion projects spanning multiple segments. The company, in a statement, said the move aligns with Vedanta's strategic plans to significantly expand its operations over the next three years, as it restructures into four entities-- Vedanta Aluminium, oil and gas, power, and iron and steel. "We are looking for an experienced global engineering company with experience in engineering, procurement and construction management (EPCM) to implement our projects acting as an extended office to us," as per the Expression of Interest (EoI) on the company's official LinkedIn page. Further, the company said it will spend USD 20 billion on growth projects in metals and mining and hydrocarbons in the next three years. These projects are extensions of its existing operations, the company added. "The interested companies are invited to submit" their relevant experience, profile and current projec

Vedanta repays $900 mn loan, deleverages balance sheet by $550 mn

The loan, taken by subsidiary THL Zinc Ventures in May 2023 at 13.9 per cent interest, was partly repaid using funds from Vedanta's $1 billion June 2024 QIP

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

Markets Today: Economic Survey, US GDP; Nestle, ONGC, Q3; Dr. Agarwal's IPO

Back home, at 6:40 AM, GIFT Nifty futures indicated a strong start, up 71 points at 23,489

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 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

Vedanta Q2 net profit at Rs 4,352 crore; demerger completion by March-end

Company met Street expectations, expects to complete demerger process by March-end

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 reports increase in production of aluminium, zinc, iron ore in Q2

Mining giant Vedanta Ltd on Friday reported a rise in production of aluminium, zinc and iron ore in the September quarter. However, the production of steel, mined metal overseas and oil and gas dropped during the quarter. The aluminium output grew 3 per cent to 6,09,000 tonnes in the second quarter compared to the same period last year, Vedanta said in a filing to BSE. At Zinc India, the saleable metal output grew to 2,62,000 tonnes from 2,41,000 tonnes. While at Zinc International the mined metal output dropped by 34 per cent to 44,000 tonnes, from 66,000 tonnes in the second quarter. Meanwhile, oil and gas output dropped 22 per cent to 1,04,900 boepd (barrels of oil equivalent per day), average daily gross operated production during the quarter from 1,34,100 boepd a year earlier. The production of saleable iron ore rose to 1.3 million tonnes from 1.2 million tonnes in the year-ago period. The total saleable steel production dropped 22 per cent to 2,96,000 tonnes and power sale

Vedanta board to meet on Oct 8; consider, approve 4th interim dividend

Mining major Vedanta Ltd on Wednesday said its board will meet on October 8 to consider and approve the fourth interim dividend for 2024-25. The record date for the purpose of determining the entitlement of the equity shareholders for the fourth dividend, if declared, is being fixed as October 16, 2024, the mining conglomerate said in an exchange filing. So far, the Anil Agarwal-led entity has approved a total dividend of Rs 13,474 crore for 2024-25. On September 2, the company's board approved the third interim dividend of Rs 20 per share for the current financial year, taking the total dividend payout for FY'25 to Rs 13,474 crore. Vedanta fixed September 10 as the date for the purpose of payment of dividend. Earlier, the board on July 26 had approved the second interim dividend of Rs 4 per equity share for 2024-25 amounting to Rs 1,564 crore. On May 16, the company had approved the first interim dividend of Rs 11 per equity share for FY'25 amounting to Rs 4,089 crore. During 202