Tag: Vedanta

Profit, Revenue Beat Estimates Amid Solid Volumes Growth

January 29, 2026 admin

Vedanta Ltd.’s quarterly revenue and net profit rose faster than estimates in the third quarter of the current financial year. Consolidated net profit rose 124% to Rs 7,807 crore in the October-December period, compared to Rs 3,479 crore in the previous quarter, according to a stock exchange filing on Thursday. Analysts’ consensus estimates compiled by Bloomberg projected Rs…

Business

Vedanta plans to invest ₹13,226 crore to ramp up aluminium capacity

October 5, 2025 admin

Vedanta is planning to invest ₹13,226 crore over the next few years for this expansion. File Anil Agarwal-led Vedanta Ltd plans to pump in ₹13,226 crore to ramp up its aluminium capacity to 3.1 million tonnes per annum (MTPA) by FY28, sources said. The current capacity of the company is 2.4 MTPA. Vedanta Ltd is…

Business

Vedanta demerger receives approval from shareholders, creditors

February 20, 2025 admin

Vedanta Limited will also act as an incubator for new businesses, including Vedanta’s technology verticals. File | Photo Credit: AP “Vedanta Limited has received approval from its shareholders and creditors for its proposal to demerge the company into five independent, sector-specific companies,” according to a stock exchange filing by the company. The demerger was approved…

Business

Vedanta to proceed with dollar bond sale in first post-Adani India credit test

November 25, 2024 admin

Vedanta Resources. File | Photo Credit: AP Vedanta Resources, which postponed a planned sale of dollar bonds last week after the Adani group’s top officials were indicted by U.S. prosecutors, will now launch the issue on Monday (November 25, 2024), according to two sources. The issue, which could raise as much as $500 million,…

Business

Vedanta plans to invest $500 million in group firm AvanStrate Inc.

November 11, 2024 admin

Vedanta plans to invest 0 million in group firm AvanStrate Inc.

Vedanta Limited has announced plans to invest close to $500 million in its group company, AvanStrate Inc. (ASI), which is a display glass manufacturer. Earlier this year, Vedanta acquired 98% stake in ASI. “This investment is aimed at driving innovation and expansion within ASI, strengthening its focus on R&D, as well as manufacturing capabilities and…

Business

Vedanta ordered to pay Cairn UK 9.4 million for delayed dividends

March 13, 2024 admin

FILE PHOTO: A bird flies by the Vedanta office building in Mumbai August 16, 2010. REUTERS/Danish Siddiqui/File Photo | Photo Credit: Reuters March 12 Indian mining group Vedanta must pay $9.4 million) to Cairn UK Holdings for a delay in paying dividends, the Securities and Exchange Board of India (SEBI) said on March 12. The…

Business

Tamil Nadu: Vedanta Can’t Reopen Sterlite Copper Plant, Public Health Important: Supreme Court

February 29, 2024 admin

The bench referred to the “repeated nature of breaches” coupled with severity of violations by the unit. New Delhi: In a jolt to Vedanta Limited, the Supreme Court on Thursday dismissed its plea for reopening of its copper smelting plant in Tamil Nadu’s Thoothukudi, closed since May 2018 over pollution concerns, while underlining the importance…

Nation

Vedanta CFO Sonal Shrivastava resigns

October 24, 2023 admin

A view of the logo of Vedanta installed on the facade of its headquarters, in Mumbai. File | Photo Credit: Reuters Vedanta on October 24 said Chief Financial Officer (CFO) Sonal Shrivastava has resigned, amid a major structural overhaul announced last month. “Ajay Goel, currently incumbent CFO at Indian edutech start-up Byju’s, will return as…

Business

Vedanta ran covert lobbying campaign to weaken environmental laws: OCCRP

September 1, 2023 admin

File picture of the Vedanta logo outside its headquarters in Mumbai | Photo Credit: Reuters Mining and oil giant Vedanta ran a covert lobbying campaign to weaken key environmental regulations during the pandemic, OCCRP alleged in a new report. The not-for-profit organisation said the Indian government approved the changes without public consultation and implemented them…

Business

Vedanta wins arbitration against government in $1.1-billion cost disallowance case

August 27, 2023 admin

A man walks past the logo of Vedanta outside its headquarters in Mumbai. File | Photo Credit: Reuters Mining magnate Anil Agarwal’s Vedanta Ltd has won an arbitration against a demand for a higher payout from its prolific Rajasthan oil and gas fields after disallowance of ₹9,545 crore ($1.16 billion) in certain costs incurred, the…

Business