Page 47 - Vedanta

Vedanta Aluminium says will source 380 MW green power for smelters

Vedanta Aluminium on Monday announced it will source 380 MW of green power on a long-term basis for its smelters. Once online, this project has the potential to reduce the company's greenhouse gas emissions by 15,00,000 tonnes of CO2 equivalent annually. This will be carried out through a power delivery agreement between Vedanta Ltd and Special Purpose Vehicles affiliates of Sterlite Power Technologies Pvt Ltd (SPTPL). In a statement, the company said that 180 MW of this Renewable Energy (RE) will be for the aluminium smelter at Jharsuguda, in Odisha, and 200 MW for the Bharat Aluminium Company (BALCO) at Korba, in Chhattisgarh. "This 380 MW renewable energy power delivery agreement for our aluminium smelters stands true to our mission of aligning the incentives of growth with the imperatives for the planet," Vedanta CEO aluminium business Rahul Sharma said. Charting its roadmap to Net Zero by 2050, Vedanta Aluminium is working on a three pronged-approach to decarbonise its ...

Abu Dhabi-Israel group to set up $3 bn chip making plant in Karnataka

ISMC is a joint venture between Abu Dhabi-based Next Orbit Ventures and Israel's Tower Semiconductor

Vedanta says it's in talks to raise up to $3 bn debt in semiconductors push

The conglomerate is diversifying into chip manufacturing by forming a joint venture with Taiwan's Foxconn.

Vedanta seeks free land, power in race to be India's 1st chipmaker: Report

Vedanta has told state governments that its operations would help them generate $2.2 billion in tax revenues over 20 years and create up to 100,000 direct and indirect jobs, said the first source

Top Headlines: Axis Bank Q4 profit at Rs 4,118 cr; Vedanta to pay dividends

Vedanta announces that it will pay Rs ​117.1 billion ($1.5 billion) in dividends to shareholders. Read more on this in our top headlines for the evening.

Vedanta to pay Rs 117.1 billion in dividends as Q4 profit drops

Shares of Vedanta fell 0.2% in Mumbai on Thursday before the earnings were published, paring the year's gains to 21%.

F&O expiry: Nifty ends April series above 17,200; Sensex gains 702 pts

As of 06:50 AM, the SGX Nifty April futures quoted at 17,066. According to analysts, the April series has been one of the most volatile series for the Nifty in recent times. The options data.

Vedanta's Anil Agarwal Foundation launches animal welfare campaign

Animal lovers and cattle managers will soon have the opportunity to learn more about the medical status of the strays as well as their live stocks.

Sterlite Technologies zooms over 17% amid heavy volume on stake sale buzz

The company's board is scheduled to meet on April 28 to consider a proposal for raising funds

Stocks to Watch: Infosys, HDFC Bank, Tinplate, Brightcom, Vedanta, Thermax

Infosys is scheduled to announce results today, while HDFC Bank shall be reporting its Q4 numbers on Saturday.

Semiconductor plant with Foxconn to come up in 2 years: Vedanta chairman

Vedanta chairman Anil Agarwal on Tuesday said that the company in partnership with Foxconn will set up a semiconductor manufacturing plant in the next two years. The Indian conglomerate had already entered into a pact with electronics manufacturing giant Foxconn to form a joint venture (JV) for manufacturing semiconductors in India. Agarwal termed the signing up of the pact with Foxconn as a "very big job", and said that the semiconductor industry will promote other sectors like automobiles and electronics in the country. Vedanta had unveiled its plan to invest in semiconductor manufacturing after the government announced a Rs 76,000-crore package to boost electronic chip and display ecosystem in the country. This is also the second attempt of Vedanta to enter the semiconductor space after its earlier plan to set up a display unit with about Rs 60,000 crore investment could not take off. Agarwal was speaking at the 7th National Leadership Conclave. According to the memorandum of

Vedanta to move towards green steel; working on solution for hydrogen use

Vedanta's Sesa Goa Iron Ore Business said it is looking for a tie-up with IIT-Bombay to carry out a research for manufacturing pig iron ore using hydrogen in place of coke.

Vedanta Ltd's aluminium, zinc output grow 8%; iron ore 18% in Jan-Mar '22

Mining giant Vedanta Limited reported a rise of 8 per cent in its production of aluminium and zinc and that of iron ore by 18 per cent during the quarter ended March 31, 2022

Markets start FY23 with solid gains; Sensex jumps 708pts, Nifty tops 17,650

CLOSING BELL: Sectorally, the Nifty PSU Bank index jumped 4 per cent on the bourses with Union Bank, Bank of India, Canara Bank, and Bank of Maharashtra adding over 4 per cent each

Stocks to Watch: Hero Moto, Vedanta, Lupin, Future Retail, ONGC, Tech M

The SGX Nifty futures were quoting at 17,431 levels at 7:30 am, hinting at a gap-down start of 100 points on the Nifty50.

Vedanta to source 580 MW green energy for India operations

The company said a power delivery agreement has been signed with the Sterlite Power Technologies Private Ltd, a special purpose vehicle for supply of solar and wind-based energy

Ind-Ra upgrades Vedanta's long-term issuer rating to 'AA'; outlook stable

India Ratings and Research (Ind-Ra) on Tuesday said it has upgraded mining giant Vedanta Limited's long-term issuer rating to 'AA' with a stable outlook.

Sensex rises 768 pts from day's low, ends 231 pts up; Inox Leisure adds 12%

CLOSING BELL: Bharti Airtel, up 4 per cent, was the top gainer on the Nifty50 index, followed by Coal India, Axis Bank, Eicher Motors, ITC, SBI, ICICI Bank, HUL,IndusInd Bank, and Power Grid

Vedanta to invest $1.5 bn across oil, zinc, steel businesses

Billionaire Anil Agarwal's Vedanta Ltd on Friday said it will invest USD 1.5 billion across its oil and gas, zinc and steel businesses. Its board at a meeting on Friday approved USD 687 million capital spending for drilling of new wells at the firm's oil and gas unit, Cairn Oil & Gas, Vedanta said in a stock exchange filing. It also approved a USD 466 million phase-2 expansion of the Gamsberg zinc project in South Africa and another USD 348 million for steel expansion. The USD 687 million "capex investment is towards infill wells, development and exploration. The strategic priority for the Cairn Oil & Gas business is to increase near-term volume through infill wells and add resources through exploration," the filing said. It said that USD 360 million have been earmarked for infill wells in the prolific fields viz Mangala, Bhagyam, Aishwariya, Aishwariya Barmer Hill (all in Rajasthan block) and Ravva in eastern offshore. "The exploration work programme with capex investment of .

Vedanta, JSPL, Tata Steel, SAIL: How to trade metal stocks as prices rise

The Nifty Metal index can gain another 3 per cent as long as the index maintains above 6,300-level on a closing basis.