Page 30 - Vedanta

Sensex tumbles 284 pts, Nifty below 18,800; Bajaj Fin, TaMo fall 2%, RIL 1%

Closing Bell on June 22, 2023: The S&P BSE Sensex hit a fresh record high of 63,602 in intra-day trades on Thursday

Stocks to watch: RIL, TCS, Bharti Airtel, PNB, Vedanta, NMDC, JK Tyre

Stocks to watch on June 22, 2023: From Reliance Industries to Tata Consultancy Services, here are the top stocks to watch in Thursday's trading session

Vedanta likely to sell copper plant in Tamil Nadu for Rs 4,500 crore

VRL has $1.7 billion of short-term investments in various bank deposits, quoted bonds and mutual funds as of March 2023

Vedanta donated Rs 155 cr to political parties via electoral bonds in FY23

Vedanta's donation in FY23 was higher than Rs 123 crore in FY22; between 2018 and 2022, the BJP received Rs 5,270 crore, and the Congress received Rs 964 crore through electoral bonds

Vedanta places Thoothukudi's 'restart ready' plans on the fast track

Thoothukudi plant is likely to resume ops if an SC verdict in August goes in the company's favour

Vedanta plans to invest $1.7 bn in FY24 on growth projects: Anil Agarwal

Sharing details of the company's projects, the chairman said Vedanta is already expanding its aluminium and zinc capacities

Vedanta explores refinancing, brand monetisation for timely debt repayments

To ensure enough funds, Vedanta Limited has increased the percentage of royalty from 2 to 3 per cent beginning this year

4 wagons of goods train on way to Vedanta plant derail in Odisha's Rayagada

Four wagons of a goods train got derailed in Rayagada district of Odisha on Saturday. There was no official confirmation from the East Coast Railway about the incident.

Vedanta may successfully handle its debt in the next 12 months: Report

CreditSights report states that the current methods of refinancing and other potential strategies may help the mining tycoon "successfully" service its debt maturities

Vedanta's Sterlite Copper invites EoIs to 'restart' the Thoothukudi unit

The EoI for restart comes when the company is still awaiting the final judgement on the issue, and the court has only allowed it to do maintenance work

Vedanta announces selection as 'preferred bidder' for Goa iron ore mine

Vedanta Ltd on Saturday said it has been declared as "preferred bidder" for an iron ore mine in Goa. The government of Goa had invited tenders to participate in electronic auction for grant of mining lease in respect of iron ore mines in the state, the company said in a regulatory statement. The company said it had submitted its bid for grant of mining lease. "As per the notice dated June 9, 2023, issued by the Directorate of Mines & Geology, Government of Goa, the company has been declared as 'preferred bidder' in respect of electronic auction of block VII - Cudnem mineral block based on highest final price offer of 93.15 per cent," it said. The grant lease by the Goa government shall be subject to making of necessary payments, completion of other terms and conditions of the tender document, Vedanta Ltd said. Iron ore is a key raw material used in steel manufacturing.

Tata Steel, JSL: Metals can soar up to 11% if index sustains above 6,041

Except Jindal Stainless, other metal stocks require to cross key barrier to rally forward

Vedanta Resources records $4.6 bn EBIDTA, $2.8 bn free cash flow in FY23

Vedanta Resources Ltd (Vedanta) on Thursday said it generated an EBITDA of USD 4.6 billion and a pre-capex free cash flow of USD 2.8 billion during financial year 2022-23. While the EBITDA (earnings before interest, taxes, depreciation and amortization) in FY23 was its second highest, the pre-capex cash flow was its all-time high, the company said in a statement. "Vedanta has generated EBITDA of USD 4.6 billion in FY23 and free cash flow pre-capex of USD 2.8 billion. It was accompanied by a significant improvement in its balance sheet position, with Vedanta gross debt falling from USD 9.8 billion to USD 7.8 billion in the twelve months to March 2023, with further continued deleveraging thereafter to a position of USD 6.4 billion as at end May 2023, as previously announced," it said. The company said it expects further improvement in its capital structure, based on the robust EBITDA and free cash flow estimates for FY24. As part of company's ongoing balance sheet management, all ...

Dividend by top 10 payers more than doubles in FY23; TCS tops the table

The 10 biggest payers together shelled out Rs 2.06 trillion for FY23, more than double the Rs 98,371 crore for FY22

Vedanta deploys Volvo electric off-road machines at its iron ore mines

Vedanta Iron Ore Karnataka (IOK) will deploy Volvo's electric off-road machines at its mines in Chitradurga on a trial basis

Govt engaging with Vedanta to facilitate its residual stake sale in BALCO

In 2001, government had disinvested 51 per cent shares of BALCO to Sterlite Industries Limited, a subsidiary of Vedanta Limited

Vedanta-Foxconn setback shows cracks in Modi's $24 bn manufacturing push

A $3 billion proposal that had Israeli foundry Tower Semiconductor Ltd. as a tech partner has also stalled, while a third plan is stuck because Singapore-based IGSS Ventures Pte wants to re-apply

Vedanta Resources repays $1.4-bn bonds; brings down debt to $6.4 bn

Robust demand, operational performance will help group to cut debt further, it says

Govt invites new applications for semiconductor manufacturing unit

Joint venture between Vedanta Resources and Foxconn reportedly denied benefits under state programme

A $2.5 bn debt bill shows risks ahead for Anil Agarwal's Vedanta Resources

Vedanta's dollar note maturing Wednesday is trading at 99.4 cents to the dollar, indicating confidence in the market that it will be repaid