Page 7 - Vedanta

Who is Viceroy Research? The short-seller targeting Vedanta's parent

Shares of Vedanta tanked up to 8 per cent in Wednesday's intra-day trade on the BSE amid heavy volumes, after Viceroy Research's report.

US short-seller Viceroy Research calls Vedanta a 'financial zombie'

Anil Agarwal-led Vedanta group rejected the allegations, calling the report "a malicious combination of selective misinformation and baseless allegations"

Vedanta stock tanks 8% as Viceroy Research shorts parent's debt

The US-based research firm Viceroy Research has turned short on Vedanta Resources, as it found the group's financial structure unsustainable and operationally compromised.

PM Modi pays tribute to Swami Vivekananda on 123rd death anniversary

Prime Minister Narendra Modi on Friday paid tributes to Swami Vivekananda, a monk and spiritual leader, on his 123rd death anniversary. "I bow to Swami Vivekananda Ji on his Punya Tithi. His thoughts and vision for our society remains our guiding light. He ignited a sense of pride and confidence in our history and cultural heritage. He also emphasised on walking the path of service and compassion," Modi said on X. The founder of Ramakrishna Mission, whose treatise on Vedanta and Hindu philosophy in general won him a large following, was born in modern-day Kolkata and died at the age of 39. His spiritual and philosophical output has been a source of inspiration for many, with Modi often citing him as a major influence for him.

Vedanta reports record alumina, ferro chrome output in Q1 FY26 results

Vedanta posts strong quarterly performance with record alumina and ferro chrome production, higher zinc output, and operational gains across key metals and power businesses

Stocks to Watch Today, July 3: DMart, Nykaa, PNB, Vedanta, Enviro Infra

Stocks to Watch Today, Thursday, July 3, 2025: PNB, Indian Bank, PVR, Tata Power, Motilal Oswal, Hindustan Zinc, Escorts Kubota, Voltas, and Max Financials are some of the top stocks to watch today

Vedanta edges higher ahead of NCLT's decision on demerger scheme

Vedanta's plea to demerge into four distinct entities is listed for final approval before the NCLT on Wednesday; stock rises 1.1 per cent ahead of the tribunal's decision

Vedanta shares rise 2% in trade after inking $600 mn facility agreement

Vedanta share price was up over 2 per cent after the company inked facility agreement with Twin Star Holdings and Welter Trading

Vedanta Resources secures $600 mn loan to refinance private credit facility

London-based Vedanta Resources Limited (VRL), the parent firm of Mumbai-listed mining conglomerate Vedanta Ltd, has secured a term loan facility of up to USD 600 million that will be used to refinance a high-cost private credit facility, according to a communication sent to bondholders. The first tranche of USD 380 million has been committed, with the remaining USD 220 million expected to be finalised shortly with other participating banks. Lenders for the USD 380 million facility comprise a consortium of Gulf, Japanese, and European banks, including First Abu Dhabi Bank, Mashreq, Sumitomo Mitsui Banking Corp, and Standard Chartered. "The facility carries a door-to-door tenor of over four years, with an average maturity of approximately three years and a pricing of SOFR (Secured Overnight Financing Rate) plus 450 basis points. "This proactive refinancing, combined with internal cash flows, positions us to fully repay the PCF facility - substantially enhancing our credit profile by

Corporate restructuring picks pace as India Inc's mantra to unlock value

Aditya Birla Lifestyle Brands latest to list; more on the anvil

Vedanta Resources reports $1.6 bn profit in FY25, reverses prior loss

London-based Vedanta Resources Ltd on Monday said it has registered a profit of USD 1,617 million in the year ended March 2025, driven by favourable commodity prices, higher premiums and operational efficiencies. In contrast, the company had posted a loss of USD 400 million in FY24. The revenue of the company rose by 6 per cent to USD 18,220 million, compared to USD 17,128 million a year ago. "Revenue for fiscal year 2025 stood at USD 18.2 billion, up 6 per cent on a YoY basis," the company said in a release. Vedanta Resources Chairman Anil Agarwal said, "The world around us is moving fast. There are big changes in geopolitics and geoeconomics. Some may view them as a challenge. We view them as opportunities." Looking ahead, he added, "For Vedanta, this is the right moment to transform itself into a natural resources, energy and technology company. Vedanta 2.0 will have a key role in each of the most crucial levers of the economy. "We are also in the process of demerging our busi

Vedanta, 2 others to trade ex-dividend on June 24; do you own any?

Here is the complete list of stocks that will remain in the spotlight during today's trading session following their dividend announcements to shareholders as they go ex-date on Tuesday, June 24, 2025

Dividend stocks! Vedanta, 31 others to go ex-date next week; full list here

Here is the complete list of stocks that will trade ex-dividend next week along with their key details

Vedanta contributed ₹4.5 trn to govt in last 10 yrs, ₹55,349 cr in FY25

Anil Agarwal-led Vedanta Ltd has contributed Rs 4.5 lakh crore to the government exchequer over the last 10 years. In its annual Tax Transparency Report (TTR), the company reaffirmed its commitment to transparent and responsible tax practices. The company said it has "contributed Rs 4,48,830 crore to exchequer across its domestic and international operations over the past decade (FY15-16 to FY24-25)." In FY25 alone, the company contributed Rs 55,349 crore (37 per cent of the consolidated revenue) through direct and indirect taxes, royalties, dividends, and other statutory payments. Of this, Rs 54,595 crore was contributed to the exchequer. In India, Vedanta has operations in 15 states, with Rajasthan operations contributing Rs 25,436 crore and Odisha Rs 9,176 crore to the exchequer in FY25. Vedanta Ltd, a subsidiary of Vedanta Resources, is one of the world's leading natural resources, critical minerals, energy and technology companies, spanning across India, South Africa, Namibi

Vedanta offloads 1.6% stake in Hindustan Zinc to raise ₹3,028 crore

Vedanta offloads 66.7 million HZL shares for ₹3,028 crore via book-building; to use funds for balance sheet strengthening and demerger into sector-specific entities

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