Page 20 - Vedanta

Stocks to Watch: Tata Steel, Vedanta, NMDC, IIFL Sec, Zomato, Banks, Auto

Stocks to Watch: The Securities Appellate Tribunal (SAT) has set aside the order by Sebi restricting IIFL Securities from taking new clients for two years

From Tata Steel to NMDC, big firms weigh bids for critical mineral blocks

Tata Steel, Vedanta, NMDC among mining giants exploring the opportunity

Vedanta group firm Hindustan Zinc partners with Inland EV Green Services

Vedanta group firm Hindustan Zinc on Monday said it has partnered with Inland EV Green Services for deployment of 10 electric vehicle trucks. The move aims at reducing carbon emissions and promote cleaner modes of transportation. Dedicated to the inter-operations transport of concentrates, these eco-friendly trucks reaffirms the company's commitment to green and sustainable practices, it said. These trucks have a charging capacity of 20 to 100 per cent in just 90 minutes, the company added. "Our collaboration with Inland EV Green Services Pvt Ltd represents a significant step forward in our decarbonisation journey," Hindustan Zinc CEO Arun Misra said.

Vedanta's arm Malco Energy sets up new unit in Saudi for copper business

Vedanta's arm Malco Energy Ltd has set up a new unit in Saudi Arabia for copper business at an investment of 1,00,000 Saudi riyals (Rs 22.19 lakh). "Malco Energy Ltd, a wholly-owned subsidiary of the Company, has incorporated a new wholly-owned Subsidiary in the name of 'Vedanta Copper International VCI Company Limited," metal and mining giant Vedanta said in a filing to BSE. Vedanta Copper International VCI Company Limited has been incorporated to explore growth opportunities in new geographies, it said. Vedanta had earlier announced plans to demerge five of its key businesses, including aluminium, oil and gas, and steel, into separate listed entities with a view to creating shareholder value. "The de-merger is planned to be a simple vertical split, for every 1 share of Vedanta Limited, the shareholders will additionally receive 1 share of each of the five newly listed companies," the firm had said in a stock exchange filing. The Board of Vedanta Ltd had approved "a pure-play, .

Stocks to Watch today, Nov 16: TCS, Bajaj Fin, RateGain, ONGC, Dabur, Paytm

Stocks to Watch on Thursday, November 16, 2023: The RBI has asked Bajaj Finance to stop sanctioning and disbursal of loans under 'eCOM' and 'Insta EMI Card' segments with immediate effect

Vedanta dispatches 1st supply of low-carbon aluminium in domestic market

Vedanta Aluminium on Wednesday said that it has dispatched its first supply of low-carbon aluminium to a company based in Telangana. As part of the order, the company will supply 300 metric tonnes of Restora Billets to Global Aluminium. "Vedanta Aluminium has dispatched its first domestic supply of Restora, the nation's first-ever low-carbon 'green' aluminium, to Global Aluminium Pvt Ltd, a leading aluminium extrusion company based in Telangana," the company said in a statement. Manufactured using renewable energy, Restora is produced with a greenhouse gas emission intensity within four tonnes of CO2 equivalent per tonne of aluminium manufactured, which is the global threshold for aluminium to be considered as having a low carbon footprint. Restora Ultra, made with aluminium recovered from dross, a byproduct of aluminium smelting, has an even lower carbon footprint that is near zero and is amongst the lowest in the world. "We ... are committed to working with our valued customers

Stocks to Watch today, Nov 15: Dabur, ASK Auto, TaMo, PC Jeweller, Yatra

Stocks to Watch on Wednesday, November 15, 2023: The Mumbai Police has filed an FIR in connection with the Mahadev betting app scam against prominent figures from the Dabur Group

JSW, Vedanta's Rs 10K cr investment in cement plants stuck in red tape

Mega investments of JSW Group and Vedanta in setting up cement plants in Punjab are awaiting approval from the state government, sources aware of the matter said. The Vedanta Group company, Talwandi Sabo Power Plant (TSPL) plans to set up cement manufacturing plants in Punjab, with an overall investment of around Rs 10,000 crore. TSPL has plans to set up multiple cement plants adjacent to its existing power plant in the Mansa district of Punjab, and one of these plants will be set up by the JSW Group. The Fly ash from the TSPL's power plant will be used to manufacture cement. However, the cement project, which has the potential to generate over 2,000 jobs for the Punjab, is awaiting approvals from various state government departments, they said. According to the sources, TSPL's proposal has been awaiting approval from the Punjab Government's office of the Chief Town Planner and Director of Factories for the last 18 months. This is despite assurance at the highest level at the Inve

Byju's CFO Ajay Goel returns to Vedanta Ltd to oversee restructuring

The development comes at a time when the firm was to present its audited financials for FY22 in the second week of October

Vedanta confident of meeting $2.2 billion debt obligations before March-end

According to the company executives, debt worth Rs 4,200 crore is up for repayment at Vedanta Ltd level in the current quarter, and another Rs 5,500 crore is due in the fourth quarter

Vedanta nears deal to raise $1.25 billion funding via private loan

Representatives for Vedanta also proposed delaying payments on the dollar bonds, a plan that met with investor opposition, Bloomberg reported on Sept. 28

Vedanta Q2 results: Net loss at Rs 1,783 cr, income rises to Rs 39,585 cr

Anil Agarwal-led Vedanta Ltd on Saturday reported a consolidated net loss of Rs 1,783 crore for the second quarter ended September 2023 on account of one-time exceptional item because of adoption of new tax rate. The company had posted a consolidated net profit of Rs 1,808 crore in the year-ago period, Vedanta Ltd said in a filing to BSE. The consolidated income of the company in the July-September period increased to Rs 39,585 crore from Rs 37,351 crore in the year-ago period. Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is a diversified global natural resources company with significant operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, aluminium and power across India, South Africa and Namibia.

GIC collaborates with Vedanta's Sterlite Transmission for $1 bn venture

GIC will put up $500 million in the infrastructure business for a 49 per cent stake. This investment will depend on Sterlite Power winning project tenders

Anil Agarwal's Vedanta appoints Ajay Goel as chief financial officer

Goel's last stint with Vedanta was as acting chief financial officer from October 2021 to April this year

Stocks to Watch today: Axis Bank, Tech M, Vedanta, Delta Corp, ONGC, NDTV

Stocks to watch on Wednesday, October 25, 2023: The Bombay High Court has directed the Directorate General of GST Intelligence, Hyderabad, to not pass a final orders against Delta Corp

Byju's CFO quits, rejoins Anil Agarwal's Vedanta to oversee restructuring

Ajay Goel will be returning to Vedanta, which he had quit in April, in time to help with splitting the metals firm into six listed companies, they said

Govt may space out stake sale in Hindustan Zinc for 'best possible options'

Earlier this year, Hindustan Zinc said it could create separate legal entities for its zinc and lead, silver, and recycling businesses to help capitalise on 'distinct market positions'

Vedanta-promoted Hindustan Zinc bets on industrial e-waste recycling

In September, Hindustan Zinc announced it would consider possible options for a separation of its business units into zinc, lead and silver, and recycling

Coal dispatch may exceed one billion tonnes this fiscal: Coal ministry

The coal ministry on Thursday said the dispatch of coal is likely to exceed one billion tonnes in the current financial year. The coal ministry has set a target to produce and dispatch 1,012 million tonnes (MT) of coal to consumers during the ongoing fiscal. "During the second half of the year, the rate of production and dispatch is normally higher than the first half of the year. It is, therefore, expected that this year's dispatch of coal would exceed the one billion tonne mark," the coal ministry said in a statement. During the last financial year, coal dispatch of 500 MT happened as on November 9. During the current year, the 500 MT dispatch mark has been achieved 23 days in advance. "Achieving record high performance, the Ministry has been able to dispatch 500 MT coal as on October 17 2023. Dispatch of 500 MT of coal in 200 days, despite the monsoon season, in the first half of the year, is an outstanding achievement," it said. Out of 500 MT of coal dispatch, 416.57 MT has be

Exploring tie up with Japanese companies for chip plant in Gujarat: Vedanta

Vedanta's Akarsh K Hebbar during Vibrant Gujarat Global Summit roadshow in Japan had said that it is $80 bn opportunity for cos willing to come and invest in electronics manufacturing hub in Guj