Page 2 - Vedanta

Vedanta challenges Adani's JAL plan, flags flaws in CoC scoring process

Vedanta has challenged Adani Group's JAL resolution plan at NCLAT, alleging flawed and opaque CoC scoring that undermined value maximisation under insolvency rules

Nifty Metal index hits new high, rallies 15% in April; GMDC zooms 19%

The Nifty Metal index hit a new high of 12,816 in intra-day trade on Thursday and has bounced back 18% from its previous month low of 10,819.85 touched on March 23, 2026.

Death toll rises to 16 in boiler blast at Vedanta plant in Chhattisgarh

The death toll in a blast at the Vedanta power plant in Chhattisgarh's Sakti district has gone up to 14 with one more worker succumbing to injuries, police said on Wednesday. The explosion occurred on Tuesday afternoon in a steel tube carrying high-pressure steam from the boiler to the turbine at the Vedanta Ltd power plant located in Singhitarai village. The powerful blast left several workers with severe burn injuries. According to officials, four workers died on the spot, while 10 others succumbed to injuries later. One more worker died on the intervening night of Tuesday and Wednesday, taking the toll to 14, Sakti Superintendent of Police (SP) Prafull Thakur told PTI. Of the 20 other workers injured in the incident, five were shifted to Raipur for advanced treatment, while 15 were undergoing treatment at various hospitals in Raigarh district, he said. Chief Minister Vishnu Deo Sai has announced a compensation of Rs 5 lakh to the families of each deceased worker and Rs 50,000 f

13 killed, 21 injured in boiler blast at Vedanta plant in Chhattisgarh

Nine workers were killed and 15 sustained injuries after a boiler exploded at a power plant in Chhattisgarh's Sakti district on Tuesday, police said. According to preliminary information, the blast occurred in a boiler tube at the Vedanta Limited power plant in Singhitarai village in the afternoon, Sakti Superintendent of Police Prafull Thakur told PTI. "Nine workers have died, and 15 have sustained injuries," he said, adding that three victims were killed on the spot while the others succumbed to injuries at hospitals. The injured were undergoing treatment at hospitals in the neighbouring Raigarh district, he said. Local administration and police teams rushed to the spot and launched rescue operations, the official said. He said that as the area around the boiler remains extremely hot, workers and staff have been evacuated from the vicinity. Rescue operations are still underway to check if more persons are trapped, he added. Chief Minister Vishnu Deo Sai termed the incident ...

NCLAT adjourns hearing on Vedanta plea against selection of Adani's JAL bid

The National Company Law Appellate Tribunal (NCLAT) on Monday adjourned its hearing over mining giant Vedanta Group's petitions against the selection of Adani Enterprises' bid for debt-ridden Jaiprakash Associates Ltd (JAL). The insolvency appellate tribunal adjourned the hearing on account of a change in the composition of the bench, which was hearing the two appeals filed by Vedanta Ltd. The change has been made due to the unavailability of a member of the bench. NCLAT will decide the date for the next hearing shortly. Vedanta has filed two petitions, challenging the March 17 order by the Allahabad bench of NCLT, which approved Adani Enterprises Ltd's Rs 14,535-crore bid to acquire JAL through the insolvency process. On March 24, NCLAT declined any interim stay on the order passed by the NCLT approving the Adani Group's bid for acquiring JAL. However, it said the plan would be subject to the outcome of the appeals filed by the Anil Agarwal-led Vedanta Group. This interim order

Vedanta flags lower Adani bid for JAL, alleges opaque CoC process at NCLAT

Vedanta challenges Adani Group's JAL resolution plan in NCLAT, alleging lower bid value than liquidation and lack of transparency in creditor decision-making

Vedanta kicks off Odisha aluminium park with 2 MoUs for downstream units

Vedanta signs initial MoUs for aluminium park in Odisha, marking start of downstream activity with over Rs 500 crore investment and expected boost to jobs and MSMEs

Vedanta chief Anil Agarwal calls for scale, policy push in iron ore mining

Vedanta Chairman Anil Agarwal calls for scaling up iron ore production and policy reforms to support India's 300 mt steel capacity ambition

25 firms join pre-bid meet for ₹7,280 crore rare earth magnet scheme

At least 25 companies, including JSW Group, Vedanta, Hindustan Zinc Ltd (HZL) and NLC India, participated in a pre-bid conference for the Rs 7,280-crore scheme to promote the manufacturing of sintered rare earth permanent magnet called by the heavy industries ministry on Tuesday, sources said. The government will select a maximum of five entities through the bidding, with each entity setting up facilities of up to 1,200 MTPA, aggregating to a total of up to a maximum capacity of 6,000 MTPA. "We welcome the Ministry of Heavy Industries' forward-looking scheme to promote rare earth permanent magnet manufacturing, a crucial component for industries like EV, aerospace, defence, and consumer electronics. We are assessing the opportunity as this initiative aligns with our focus on critical minerals and presents a horizontal expansion opportunity," a Vedanta Spokesperson told PTI. On March 20, the heavy industries ministry invited bids for setting up manufacturing facilities for 6,000 metr

Supreme Court declines to halt Adani's ₹14,543 crore JAL resolution plan

Vedanta alleged its higher bid was overlooked, questioned the lenders' decision to back Adani's proposal

Stocks to Watch today: Banks, Bajaj Auto, Tata Motors PV, Vedanta, Emami

Stocks to Watch today, April 6: Bank stocks, SAIL, Vedanta, Tata Motors PV, Sobha, Emami, and RVNL are among the top stocks to watch today

Vedanta reports record production across businesses in FY26; defence push

Vedanta reports record production across core segments in FY26, while Chairman Anil Agarwal calls for reforms and private sector participation in defence manufacturing

Vedanta aluminium, zinc output rises; iron ore, steel production falls

The company's total aluminium production during the quarter rose by 2 per cent, and Zinc India's mined metal production increased by 2 per cent

Battle for JAL: Are Adani or Vedanta stocks worth the risk? Analysts decode

Vedanta and Adani group are involved in an intense battle to acquire assets of insolvent Jaiprakash Associates. Technically, Vedanta stock seems to be favourably placed on charts, says Bonanza analyst

Vedanta extends demerger deadline to June 30; shares rise 5%

Vedanta demerger date extended: Under the demerger plan, Vedanta will split into five entities. The company has opted to retain its base metals business within the parent company (already listed)

Demergers in FY27: Vedanta, AHEL and more; value unlocking for investors?

Analysts say that demergers allow companies to transform dedicated arms into focused entities, which in turn unlock shareholder value and streamline operations

Vedanta tells SC its revised bid for bankrupt JAL tops Adani Group's offer

In a petition contesting the lenders' choice to approve Adani's bid, Vedanta argued that its updated proposal offered nearly ₹3,400 crore more in overall value

Near-term growth gains for aluminium producers as prices surge

GCC supply disruptions and rising global prices boost outlook for Indian aluminium producers, with integrated players likely to benefit from tighter supply

Vedanta moves SC against Adani's JAL resolution plan after NCLAT refusal

Vedanta challenges Adani Enterprises' Rs 14,543 crore JAL resolution plan in Supreme Court after NCLAT declines to stay implementation amid dispute over bidding process

Nifty Metal gains 1% in weak mkt; Nalco, Hindalco, Vedanta lead rally

At 9:40 AM, individually, among others on the National Stock Exchange (NSE), National Aluminium Company (Nalco) jumped 6.11 per cent, followed by Hindalco up 4.3 per cent, Vedanta rose 3.66 per cent