Page 7 - Vedanta

Vedanta unveils technology to create a productive, future-ready workplace

Vedanta Ltd on Tuesday said it has deployed several leading-edge technologies, including Artificial Intelligence (AI)-led monitoring systems and drones to create workplaces that are both highly productive and future-ready. Besides, Artificial Intelligence (AI)-led monitoring systems and drones, the company has also deployed fatigue detection systems, smart helmets, and tele-remote operations, which help in transforming industrial safety across its operations. As workplaces evolve with AI, robotics, exoskeletons, and remote work, these technologies are creating both opportunities and challenges. "By leveraging AI, smart systems, and people-first leadership, we are not just responding to risks, we're anticipating and preventing them. Our commitment is to create workplaces that are not only productive, but deeply safe, healthy, and future-ready," Vedanta Ltd spokesperson said. Vedanta's zinc business in India has deployed a virtual reality (VR)-based winder training simulator system t

Vedanta group's HZL plans to enter potash mining, eyes block in Rajasthan

Vedanta group firm Hindustan Zinc Ltd (HZL) plans to foray into potash mining and is eyeing a block in Rajasthan which has a fair chance of having lithium reserves also, a top official of the company said. India heavily relies on potash imports and has been exploring ways to reduce its dependence on imports. India's potash imports primarily come from countries like Russia, Canada, Belarus, and Israel. The company is also planning to expand beyond base metals -- zinc and lead -- and precious metal silver as well as all critical minerals which are of strategic interest to the company. Hindustan Zinc was declared as the preferred bidder for Dugocha gold block in Rajasthan, resulting into expansion of its portfolio of precious metals. "So all the critical mineral blocks, as I said, we have got gold...block, we have got tungsten block. So Hindustan Zinc will expand beyond zinc, lead and silver. "We will expand into all critical minerals, whichever is of strategic interest to us, includ

Hindustan Zinc Q4FY25 results: Net profit jumps 47% to ₹3,003 crore

Vedanta group firm Hindustan Zinc Ltd (HZL) on Friday reported a 47.3 increase in consolidated net profit at Rs 3,003 crore in the quarter ended March 2025 on the back of higher income. The company had posted a net profit of Rs 2,038 crore in the year-ago period. Income of the company during the latest January-March quarter increased to Rs 9,314 crore from Rs 7,822 crore in the year-ago period, HZL said in a filing to BSE. In a statement the company said that it was its "best-ever fourth quarter profit after tax of Rs 3,003 crore, up 47 per cent Y-o-Y". "As the world's largest integrated zinc producer, we aim to meet rising domestic demand while maintaining our position as one of the lowest-cost producers globally and most resilient producers in the industry," company's Chief Executive Officer Arun Misra said. HZL's Chief Financial Officer Sandeep Modi said despite the global uncertainties, including recent market volatility from the ongoing trade war, the company's fundamentals .

Vedanta Resources mulls US listing to raise $1 bn for Zambian copper assets

Vedanta is considering New York as one of the options to list KCM, as the Zambian unit is known, the sources said

Vedanta mitigates 28 million tonnes of carbon emissions since FY23

Vedanta Ltd on Wednesday said it has mitigated 28 million tonnes of carbon emissions since FY23, roughly equivalent to the carbon dioxide absorbed by more than one billion trees annually. Backed by the country's largest portfolio of energy transition metals, the company utilised 2.61 billion units of renewable energy including waste heat recovery in FY25, Vedanta Ltd said in a statement. Vedanta has a growing portfolio of low-carbon 'green' products in aluminium (Restora and Restora Ultra), zinc (EcoZen), and display glass (Super Green SaiSei), with some of the lowest carbon footprints in the world. The company said it has ramped up renewable energy usage by 14 times since FY'20 and is targeting to achieve 2.5 GW of renewable energy capacity by 2030. "At Vedanta, we don't see sustainability as a checkbox, but as a responsibility that shapes every decision we make. From producing the world's greenest metals, scaling up renewables, to empowering our people to be climate champions ...

Stocks to Watch, April 22: Mahindra Logistics, steel stocks, Vedanta, HUL

Stocks to Watch on Tuesday: Mahindra Logistics, steel stocks, Vedanta, Tata Power, Mazagon Dock, Coal India and HG Infra Engineering are among the stocks to watch today, April 22, 2025

Metals tycoon Agarwal seeks mining reboot amid debt overhaul, Saudi push

Vedanta is also expanding the gamut of its operations by winning rights to mine critical minerals like nickel, chromium, platinum, and cobalt in India through November auctions

Reliance-ONGC-BP alliance wins Gujarat offshore block for exploration

In an unprecedented alliance, ONGC, Reliance, and BP won a Gujarat offshore block under OALP-IX. ONGC secured 15 blocks overall, while Vedanta won 7 out of 28 blocks offered in the latest bid round

India can surpass Brazil, China in iron ore output: Vedanta chairman

India has the potential to overtake Brazil and China to become the world's second largest iron ore producer, Vedanta Group Chairman Anil Agarwal said on Tuesday. India's iron ore production in 2024-25 (April-January) rose by 3.5 per cent to 236 million metric tonnes (MMT) compared to 228 MMT in the year-ago period. Explaining how India can surpass Brazil and China in iron ore production, he said, "Given our huge reserves, we can produce 700 million tonnes per year and become the second largest after Australia, this is very much possible. The benefits this will bring to Bharat, in terms of economic growth, jobs and revenue, to government are massive." Agarwal highlighted India's growth potential in the global iron ore market and said, "It is difficult to imagine life without iron and steel, which is made from iron. Our homes, our vehicles, our gadgets, all require iron and steel. Today, India is the 4th largest producer of iron ore in the world...Only Australia, Brazil and China ...

Here are 15 largecap stocks for your portfolio with high dividend yields

According to a report released by Axis Securities, Vedanta has topped the list of large-cap stocks with the highest dividend yields

Vedanta seeks global partner for $20 bn expansion across key segments

Mumbai-listed mining conglomerate Vedanta Ltd is hunting for a global partner for its USD 20-billion expansion projects spanning multiple segments. The company, in a statement, said the move aligns with Vedanta's strategic 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. "We are looking for an experienced global engineering company with experience in engineering, procurement and construction management (EPCM) to implement our projects acting as an extended office to us," as per the Expression of Interest (EoI) on the company's official LinkedIn page. Further, the company said it will spend USD 20 billion on growth projects in metals and mining and hydrocarbons in the next three years. These projects are extensions of its existing operations, the company added. "The interested companies are invited to submit" their relevant experience, profile and current projec

Adani, Vedanta, Patanjali among 26 vying for Jaiprakash Associates' assets

JAL was admitted to the Corporate Insolvency Resolution Process (CIRP) through the National Company Law Tribunal, Allahabad Bench, order dated June 3, 2024

Adani, Vedanta, Patanjali among 26 in fray to acquire Jaiprakash Associates

JAL has major real estate projects like Jaypee Greens in Greater Noida, a part of Jaypee Greens Wishtown in Noida (both on the outskirts of the national capital), and Jaypee International Sports City

Vedanta to Tata Steel: Metal stocks tumble as tariffs cloud growth outlook

This comes a day after US President Donald Trump unleashed tariffs on all trading countries, even as analysts expect the risk of recession and inflation to rise in the US

Vedanta Q4 mined metal, aluminium, iron ore, saleable steel production up

Vedanta registered an increase in aluminium, mined metal, iron ore, and saleable steel output and decline in production of oil and gas in the fourth quarter of FY25. The company's aluminum production during the quarter grew marginally by 1 per cent to 6,03,000 tonnes compared to the same period in the previous fiscal year. Similarly, mined metal production at Vedanta's Zinc India division rose 4 per cent to 3,10,000 tonnes, driven by improved mined metal grades and mill recovery. The production of mined metal at the Zinc International division for the fourth quarter was 50,000 tonnes, up 52 per cent year-on-year, the company said in a statement. The conglomerate also registered a 41 per cent increase in the production of copper cathode, which stood at 44,000 tonnes. Iron ore production in the January-March period was at 2.1 million tonnes, up 22 per cent from the year-ago period. The total saleable steel production increased 4 per cent year-on-year, driven by increase in hot metal

High dividend yield stocks: 10 companies to watch for passive gains

Here are the complete details of the top 10 dividend yield stocks, according to the report released by SBI Securities

Stocks to Watch on Apr 4, 2025: HDFC Bank, Vedanta, Avenue Supermarts

Stocks to Watch on Apr 4, 2025: Here is a list of stocks that will be on investors and traders radar on Friday

Vedanta to set up aluminium park in Odisha's Jharsuguda over 253 acres

Vedanta Ltd on Monday said it will set up a modern aluminium park in Odisha's Jharsuguda, close to its aluminium smelter. Spanning over 253 acres, the park will attract more than 100 micro, small and medium enterprises (MSMEs) and generate 2 lakh employment opportunities, the company said in a statement. Vedanta would invest Rs 1 lakh crore for setting up of the park and an aluminium plant of 3 million tonnes per annum (MTPA) capacity in Rayagada district, it said. Our journey in Odisha has been nothing short of transformative. From breaking barriers with the country's first women-operated potline to fostering sustainable growth through our skill development and environmental initiatives, we are deeply committed to shaping Odisha's bright future, said Vedanta Aluminium's chief operating officer (COO), Sunil Gupta. Our latest investment of Rs 1 lakh crore is a testament to our enduring belief in the state's potential to lead India's industrial revolution, he said. At the Utkarsh ..

Vedanta Group submits EoI to acquire Jaiprakash Associates via insolvency

Business conglomerate Vedanta Group has shown interest in acquiring Jaiprakash Associates Ltd (JAL) through an insolvency process, according to sources. Jaypee Group's flagship firm JAL, which is into cement, power, hotels, construction and real estate businesses, has been admitted into the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, through an order dated June 3, 2024, passed by the National Company Law Tribunal, Allahabad Bench. Sources said that Vedanta Group has submitted an Expression of Interest (EOI) to acquire the bankrupt JAL. Adani Group has also submitted an EOI. Vedanta Ltd is one of the world's leading natural resources conglomerates, with primary interests in aluminium, zinc-lead-silver, oil and gas, iron ore, steel, copper, power, ferro alloys, nickel, semiconductor and glass. Earlier this month, the National Company Law Tribunal (NCLT) directed that the resolution plans to acquire JAL through the insolvency process should

Vedanta board approves appointment of Rajiv Kumar as CEO of aluminium biz

Vedanta on Wednesday said its board has approved the appointment of Rajiv Kumar as CEO of its aluminium business. The development comes at a time when Vedanta is demerging its businesses, including its aluminium business, into four independent entities. "The board of directors at its meeting held on Wednesday, March 26, 2025, has inter alia considered and approved appointment of Rajiv Kumar as CEO - Aluminium Business and designating him as senior management personnel at Vedanta Ltd effective March 26," the company said in a regulatory filing. On recommendation of the nomination and remuneration panel, the board has approved the appointment of Kumar for three years. Prior to joining Vedanta, Kumar was with Tata Steel. He has over three decades of experience in the steel and mining sectors. "He will lead overall strategy for the Aluminium business including an effective demerger approach for maximising value, development of strategic alliances to fast-track business delivery as wel