Page 45 - Vedanta

Received 'quite a number of bids' for Sterlite Copper unit: Vedanta CEO

Diversified natural resources company Vedanta on Thursday said it has received "quite a number of bids" for its Sterlite Copper unit in Tamil Nadu, and is in the process of evaluating them

Vedanta Q1 net profit rises 6% to Rs 5,592 cr; revenue jumps 36%

The company's depreciation and amortisation increased by 16% year-on-year to Rs 2,464 crore on account of higher depletion charge in oil and gas and higher ore production at Zinc India

'Closure of Vedanta's copper unit results in Rs 14,749 cr loss to economy'

The report comes a month after Vedanta putting on sale its copper unit, shut 4 yrs ago after 13 people were killed in a police firing on protestors agitating against alleged pollution by the unit

Sterlite Power to launch renewable energy biz, cater to industrial clients

To provide integrated green energy solutions to carbon-intensive industries

Hindustan Zinc beats estimates, Q1 net profit up 56% at Rs 3,092 crore

Revenue from operations increased to Rs 9,236 crore in Q1 versus Rs 6,378 crore last year

Vedanta to pay out Rs 7,250 cr on second interim dividend at Rs 19.5/share

So far, the company's dividend payout in FY23 stands at Rs 18,960 crore, ahead of FY22 total dividend of Rs 16,740 crore

Stocks to Watch: RIL, HUL, ONGC, NTPC, Ambuja, HDFC Life, Grasim, Vedanta

Stocks to Watch Today: CEAT, Havells, IndusInd Bank, Mastek, OFSS, RIIL, Syngene International, Tata Communications and Wirpo to announce Q1 results on Wednesday.

Top headlines: Vedanta declares dividend of Rs 19.5; HUL Q1 net rises 11%

Business Standard brings you the top headlines this hour

Vedanta declares dividend of Rs 19.5 per share in boost to London parent

The hefty dividend comes even as the firm plans to ramp up capital investment to as much $2 billion in the year ending March 2023

India's E&P policy should be liberalised for metals, minerals: Anil Agarwal

The country continues to pay hefty import bills year after year even as the nation is gifted with significant reserves of metals and minerals, the metals and mining magnate noted.

Stocks to Watch Today: HDFC Bank, ICICI Pru, Jindal Steel, Spandana, LTTS

Stocks to Watch Today: Alok Textiles, Ganesh Corporation, Hiedelbergcement, Bank of Maharashtra and Nelco to announce Q1 results on Monday.

Vedanta seeks shareholder nod for related-party deals worth Rs 8,661 cr

Three resolutions have been listed on the agenda of the company's annual general meeting (AGM), to be held on August 10, involving subsidiaries

Top 20 dividend-paying firms raise shareholder rewards in FY22: Experts

Vedanta, for instance, is majority-owned by Vedanta Resources, led by billionaire Anil Agarwal

Hindustan Zinc gets nod to set up 30 KTPA plant to produce zinc alloys

The move will make way for the production of value-added zinc alloy products and enable the company to deliver international quality products in the domestic market

Anil Agarwal-led Vedanta to bring into operation two coal blocks in FY23

Billionaire Anil Agarwal-led Vedanta expects to bring into operation two coal blocks in Odisha in this fiscal and is working out a plan to fast-track the operationalisation of another coal mine in the eastern state. Vedanta is focusing on the long-term security of coal especially when thermal power plants and the non-regulated sector have witnessed supply shortages in the current and the last year. "We intend to operationalise Jamkhani and Radhikapur (West) (coal blocks....," Vedanta said in its integrated report and annual accounts 2021-22. Vedanta Limited is one of the world's leading oil & gas and metals company with significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, and aluminium & power across India, South Africa and Namibia. The company bagged the Jamkhani coal block in 2019 and the Radhikapur West coal block in 2020 in auctions. Jamkhani coal block is in proximity to the company's Jharsuguda aluminium smelter. It is one of the most ...

Vedanta Resources' near-term liquidity risk as it seeks funds: S&P

Anil Agarwal-controlled unit looks to raise $700 mn from Indian lenders

Hindustan Zinc to pay Rs 21 per share dividend, outflow at Rs 8,873 cr

July 21 set as record date for payout; stock up 1.44% on BSE

Reconsider Cairn UK's complaint against Vedanta: SAT to Sebi

The tribunal has asked Sebi probe the violations and "take it to its logical conclusion within six months from today"

Vedanta acquires debt ridden Athena Chhattisgarh Power for Rs 565 cr

According to Vedanta, the deal will be completed in the current financial year, fulfilling its power requirement for its aluminium business

Vedanta to buy Athena Chhattisgarh Power for Rs 564 crore

Vedanta Ltd on Thursday said it will acquire debt-ridden Athena Chhattisgarh Power Ltd for Rs 564.67 crore. Liquidation process for the company was initiated in March last year. The acquisition for a purchase price of Rs 564.67 crore is likely to be completed in the ongoing financial year, adding that the consideration will be in the form of cash. "Vedanta Limited to acquire 100 per cent of the paid-up capital of Athena Chhattisgarh Power Ltd," the metals and mining major said in a filing to BSE. The acquisition will fulfill the power requirement for Vedanta aluminium business and through vertical integration, add synergies by providing a cost advantage pertaining to power consumption. Athena Chhattisgarh Power Ltd has a 1,200 MW coal-based power plant located at Jhanjgir Champa district in Chhattisgarh. Athena was admitted under Corporate Insolvency Resolution Process on May 15, 2019. On May 13 last year, a bench of NCLT Hyderabad directed initiation of the liquidation process