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Anil Agarwal wants to model Vedanta on GE lines

Anil Agarwal wants to model Vedanta on GE lines

The Patna-born mining mogul Anil Agarwal plans to convert his group Vedanta Resources Plc into a GE-like institution -- a board-run conglomerate run by best professionals -- as he does not see his children taking over the mantle from him.

Cairn India's merger with Vedanta "uncertain": S&P

Cairn India's merger with Vedanta "uncertain": S&P

Rating agency Standard & Poor's Wednesday said completion of the proposed merger of Cairn India with Vedanta Ltd appears "uncertain".

Cairn India, Vedanta boards to meet on Sunday amid merger speculation

On Friday, India`s oil minister, Dharmendra Pradhan, told Reuters he had met Cairn executives this week to discuss the potential merger and a source familiar with the matter had said the deal could be announced as early as Sunday.

Vedanta says will work to lift cap on India iron ore output

A mining ban that had been in place in Goa since September 2012 was lifted last year, but the resumption of operations was delayed while the government gave environmental clearance.

Vedanta to refinance loans worth $1.6 bn in Indian markets

Minerals and mining major Vedanta is eyeing the expected low interest rates in India to refinance its short-term loans of up to USD 1.6 billion (about Rs 10,200 crore) with long-term options in this fiscal ending March 2016.

S&P lowers Vedanta Resources' rating to 'BB-'

Vedanta is London-headquartered oil and metals company with most of its operations in India.

Vedanta plans to expand refinery capacity to 6 mtpa

Vedanta Resources Plc Tuesday said it plans to raise capacity of its Lanjigarh Alumina refinery to 6 million tonnes per annum (mtpa) with an investment of Rs 10,000 crore.

Vedanta first-quarter core earnings rise marginally

Diversified miner Vedanta Resources Plc ground out a marginal increase in quarterly core earnings as its oil and gas and aluminium businesses offset a decline in its zinc and Zambian copper businesses.

Vedanta full-year revenue, core earnings fall

Vedanta Resources Plc , the mining company majority owned by one-time scrap metal dealer Anil Agarwal, reported a fall in revenue and core earnings for 2013.

Sesa Sterlite's copper smelter to be shut for 22 days: Sources

Sesa Sterlite, a unit of billionaire Anil Agarwal-controlled Vedanta Resources Plc , produces 30,000 tonnes of refined copper per month and exports half of that to China.

Vedanta shareholders okay Cairn India share buyback

Mining conglomerate Vedanta Resources Plc said it received 99.89 percentage of votes in favour of a proposed share buyback worth up to 57.25 billion rupees by its oil and gas unit Cairn India Ltd.

Vedanta first-half core earnings, revenue fall

Mining and oil and gas conglomerate Vedanta Resources Plc reported a fall in core earnings and revenue for the first half of the year dragged by weak metal and oil prices.

Vedanta Aluminium aims to triple capacity

Vedanta Aluminium will triple its capacity by 2015 to 2.3 million tonnes to cater for an expected surge in demand in India, its managing director said, even though its inability to source enough alumina at home has forced it to import the raw material.

Vedanta employees seek Chief Minister's help for bauxite

So far Vedanta has not been provided with bauxite ore in Odisha for various reasons including lack of environmental clearance, sources said.

Over 12% shareholders oppose hike for Vedanta top officials

More than 12 percent shareholders of Vedanta Resources Plc have voted against its top deck's 3-5 percent salary hike for 2012-13 at the company's annual general meeting here.