Page 6 - Vedanta

Vedanta declares ₹7 interim dividend, offloads 1.6% stake in Hindustan Zinc

Vedanta Ltd said it has sold 66.7 million shares in its subsidiary, Hindustan Zinc Limited, to institutional investors for ₹3,028 crore

Hindustan Zinc to invest around Rs 12,000 crore to double capacity

Vedanta group firm Hindustan Zinc Ltd (HZL) will invest nearly Rs 12,000 crore to double its capacity across zinc, lead and silver verticals. The decision was taken at HZL's board meeting on Tuesday. "As part of 2x growth plan, Hindustan Zinc Ltd board has approved plans for expanding its integrated refined metal capacity by 250 ktpa (kilo tonne per annum) along with matching mines & mills capacity with an investment of Rs 12,000 crore," HZL said in a filing to BSE. The expansion would be funded through internal accruals and debt. The board, HZL said, has approved a project for setting up a 250 ktpa integrated smelter at Debari, Rajasthan along with mines and mills expansion across the mines. The project is targeted to be completed in a period of 36 months with an overall cost of nearly Rs 12,000 crore, it said. "We are excited to announce this 2x growth project towards doubling our capacity across zinc, lead and silver, which is strategically aligned with the country's expandin

Vedanta board to consider first interim dividend for FY26 on June 18

Shareholders on record as of June 24 will be eligible for the dividend, if declared; Vedanta declared ₹43.5 per share in interim payouts during FY25

Vedanta eyes investment grade rating, plans to cut debt to $3 bn by FY27

London-based Vedanta Resources Ltd (VRL) is targeting an investment grade credit rating on the back of its sustained deleveraging, the proposed demerger at its Indian subsidiary, Vedanta Ltd, and its robust growth, operational efficiencies and strong financial performance. VRL is committed to reducing its total debt from the current USD 5 billion to USD 3 billion by FY27 while strengthening its critical minerals, transition metals, energy and technology portfolio. A person aware of the matter said that VRL, at a recently held investor conferences in Hong Kong and Singapore, shared that the company is looking for an immediate credit rating upgrade to BB levels by proactively refinancing and prepaying its high-interest cost USD 550 million private credit facility due in August 2026. In the medium term, the company plans to achieve an investment grade rating on the back of its improved debt profile, financial and operational performance. Vedanta highlighted its robust earnings, health

Vedanta Aluminium partners with PwC India for sustainability initiatives

Vedanta Aluminium on Thursday announced the expansion of its partnership with PwC India to scale up sustainability initiatives across its operations in Odisha and Chhattisgarh. Initially centred on biodiversity projects around Vedanta's Jharsuguda smelter, the partnership will now extend across all its operational regions and will also focus on decarbonisation, water positivity, and biodiversity conservation, marking a major step in integrating sustainability throughout the company's value chain, the company said in a statement. "This collaboration with PwC exemplifies our unwavering dedication to driving sustainable growth and championing environmental stewardship. Anchored in robust ESG principles, we are actively working towards carbon neutrality by 2050 and supporting India's net zero vision for 2070," Vedanta Aluminium Chief Executive Officer Rajiv Kumar said. Kumar further noted that "by addressing critical ecological challenges, improving operational efficiencies, and placing

Vedanta exploring using biodiesel in CV fleet in Odisha's Jharsuguda plant

On the World Environment Day, Indian mining and metals firm Vedanta Ltd said on Thursday that it is exploring using biodiesel in the commercial vehicle fleet at its Jharsuguda township in Odisha. The company, Vedanta Aluminium, said in a statement that it has pledged to decarbonize 100 per cent of its light motor vehicle fleet by 2030. Towards this effort, the company is exploring the use of biodiesel in its commercial vehicle fleet after conducting successful pilot runs to evaluate its feasibility. Further, it has begun using biomass briquettes made from agricultural residue for co-firing applications at its Lanjigarh alumina refinery in Odisha and BALCO smelter in Chhattisgarh. At Lanjigarh refinery unit in Odisha's Kalahandi district, 20 tonnes of biomass are co-fired daily, cutting down over 10,000 tonnes of CO2 equivalent emissions annually, it said. Similarly, the company has introduced a 10-ton electric forklift at its aluminium plant in Jharsuguda and now operates a large

Vedanta surpasses 1 GW renewable energy mark, targets 2.5 GW by 2030

Vedanta has increased its clean energy capacity to 1.03 GW and aims to achieve 2.5 GW by 2030 as part of its strategy to reach net zero carbon emissions by 2050 or earlier

Vedanta to raise upto ₹5,000 crore via unsecured bond issue for refinancing

Vedanta Ltd will issue bonds worth ₹5,000 crore to refinance existing debt and back capital expenditure as part of its restructuring and investment plans

Vedanta Ltd to raise Rs 5,000 crore via NCDs as profit surges in Q4

Mining conglomerate Vedanta Ltd on Friday said the committee of directors has approved raising up to Rs 5,000 crore via issuance of debentures. The committee approved issuance of 5 lakh unsecured, rated, listed, redeemable NCDs of face value of Rs 1 lakh each on a private placement basis, as per a regulatory filing by Vedanta. "The duly authorised committee of directors at its meeting held today... has considered and approved the issuance of unsecured, rated, listed, redeemable, non-convertible debentures (NCDs) on a private placement basis... aggregating up to Rs 5,000 crore," the filing said. The issue will be listed on the BSE. Mining major Vedanta Ltd reported a 154.4 per cent increase in consolidated net profit to Rs 3,483 crore in the March quarter driven by lower production costs and higher volumes. The company had posted a net profit of Rs 1,369 crore in the year-ago period. The income of the company during the January-March period rose to Rs 41,216 crore from Rs 36,093 c

Vedanta shares climb 2% after NCLAT stays NLCT order rejecting demerger

Vedanta stock gained 2 per cent after NCLAT granted an interim stay on an order passed by NCLT rejecting Vedanta's five-way demerger.

Assam CM Sarma urges Vedanta, ITC to fast-track ₹5.18 trn investments

Assam Chief Minister Himanta Biswa Sarma met top industrialists here and sought fulfilment of their commitments made at an investment summit held in Guwahati in February. The chief minister met Vedanta Group Chairman Anil Agarwal here on Friday evening and asked him to operationalise the group's investment commitment made during the Advantage Assam 2.0 investment summit, an official release said. Agarwal said the group is wholly committed to Assam's growth journey and is keen to expand its footprint in the state's hydrocarbon sector. Later, Sarma took to 'X' and wrote, "Today in New Delhi, I met the very enterprising Chairman of Vedanta Group Shri Anil Agarwal Ji". "We spoke on operationalising the group's investment commitment made during AdvantageAssam2. Vedanta is keen to expand its footprint in the state's hydrocarbon sector," he said. The chief minister also met the Managing Director of ITC Hotels, Anil Chadha, and discussed with him the potential of investment in the ...

Vedanta Chairman Agarwal calls for safeguard duty on aluminium imports

Vedanta Chairman Anil Agarwal urged the government to impose a safeguard duty on aluminium imports, citing the metal's strategic role and rising global trade tensions

Metal stocks in focus: What should investors do amid global uncertainty?

Metal stocks in focus: Tata Steel, JSW Steel, Vedanta among top metal sector bets by analysts

Global consulting firms keen to back Vedanta's $20 bn expansion projects

Several global consulting firms have shown interest in implementing Vedanta Ltd's USD 20-billion expansion projects spanning multiple segments, and the metal major will finalise the company in the current quarter, an official said. Vedanta plans to significantly expand its operations over the next three years, as it restructures into four entities -- Vedanta Aluminium, oil and gas, power, and iron and steel. Speaking with PTI, Vedanta Ltd Executive Director Arun Misra, said that "So, we have raised a global EOI and we have got multiple interests. We are finalising partners over a couple of weeks time....imagine a post-demerger, we have multiple businesses all listed and in that case, we at the group work as a private equity so that the EOI has witnessed multiple interests." When asked to name the companies which have shown interest, Misra said that "there are numerous and think of any large global consulting firms in India and the world over. They all have witnessed, they all have a

Serentica plans ₹1 trn investment to boost capacity to 17 GW by 2030: CEO

Akshay Hiranandani talks about about Serentica's future roadmap, and the current market scenario

Weak global commodity prices likely to dent Vedanta's profitability

Copper revenue came in at Rs 6,100 crore (up 22 per cent Y-o-Y and up 6 per cent Q-o-Q) in Q4FY25

Vedanta Resources weighs Zambia copper IPO to fund $1 billion investment

Vedanta has pledged to invest $1 billion in the operation as part of negotiations with the state to secure its return to Konkola copper mines

Vedanta expects demerger to complete by September, says CFO Goel

Anil Agarwal-led Vedanta Ltd expects to complete the demerger of its businesses by the September-end, according to a top company official. The company had earlier said it has pushed back its demerger by a quarter to June-July. Speaking with PTI, Vedanta CFO Ajay Goel said, "We are on track to finish (the demerger) by the second quarter end." "So, by the end of September, the demerger will reach a conclusion. So, it will be completed," he added. The approval of the demerger proposal will pave the way for the company's various business verticals to become separate entities. The mining firm had last year revised its demerger plan and decided to retain its base metal undertaking within the parent firm. Vedanta had earlier said post-demerger its existing businesses will be structured in six independent companies -- Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals, and Vedanta Ltd. However, later it revised the plan. Vedanta

Q4 results today: Adani Power, Indian Oil, Vedanta, Moil, Crisil on Apr 30

Q4 FY25 company results today: Varun Beverage, Jindal Steel & Power, and Federal Bank will be among 51 companies to post earnings reports for the January-March quarter on April 30

Vedanta Q4FY25 results: Profit surges 154% to ₹3,483 cr on higher volumes

Mining major Vedanta Ltd on Wednesday reported a 154.4 per cent increase in consolidated net profit to Rs 3,483 crore for the quarter ended March 31, 2025, driven by lower cost and higher volume. The company had posted a net profit of Rs 1,369 crore in the year-ago period. The income of the company in the January-March quarter increased to Rs 41,216 crore over Rs 36,093 crore in the year-ago period, Vedanta said in a filing to BSE. In a statement, the company said that during the fourth quarter its "Profit After Tax (PAT) was at Rs 4,961 crore, up 118 per cent Y-o-Y and 2 per cent Q-o-Q." "This quarter concludes a year of exceptional achievement in FY25, where we not only delivered the highest-ever annual volumes for aluminium and zinc but also drove costs of production down significantly, reaching four-year lows for Zinc India CoP and ex-Alumina CoP at Aluminium. "Our outlook for FY26 is firmly focused on growth and efficiency. We are accelerating our transformation, driven by .