Vedanta Resources

Vedanta to invest Rs 50,000 crore on India biz expansion: Agarwal

Vedanta to invest Rs 50,000 crore on India biz expansion: Agarwal

He further said that this decade will belong to India and it is the best time to invest here.

Sep 01, 2017, 20:21 PM IST

Vedanta chairman wants govt to lessen approvals for businesses

The government needs to improve business climate further, encourage self certification and trust entrepreneurs for promoting new businesses, NRI billionaire Anil Agarwal said on Thursday.

Aug 31, 2017, 15:48 PM IST
Vedanta Group Q3 EBIDTA jumps 79% to $882 mn

Vedanta Group Q3 EBIDTA jumps 79% to $882 mn

Vedanta Resources Group's operating profit almost doubled to USD 882.3 million for the quarter ended December, while revenue rose 26 percent to USD 3.06 billion on the back of higher production volumes mainly zinc.

Feb 20, 2017, 16:46 PM IST

Vedanta Resources mops up $1 bn in bond sale at 6.375% coupon

London-based energy major Vedanta Resources, which owns a clutch of operating companies in the country today raised USD 1 billion through an 5-year bond sale to overseas investors at a fixed coupon of 6.375 percent.

Jan 25, 2017, 16:12 PM IST
Vedanta Resources slapped with $100 million settlement in UK court

Vedanta Resources slapped with $100 million settlement in UK court

Indian mining giant Vedanta Resources has been ordered by London High Court to pay over USD 100 million to a Zambian investment company related to a 2013 copper price agreement, the state-owned firm claimed today.

Dec 20, 2016, 22:04 PM IST
Retrospective tax demand: Govt seeks putting Cairn arbitration on hold

Retrospective tax demand: Govt seeks putting Cairn arbitration on hold

Government has sought putting on hold the arbitration initiated by British oil explorer Cairn Energy against a Rs 29,047 crore retrospective tax demand and instead wants a parallel arbitration initiated by Vedanta Resources to be taken up first.

Oct 19, 2016, 12:31 PM IST
Vedanta pays over Rs 13,300 crore in royalties, taxes to India in FY16

Vedanta pays over Rs 13,300 crore in royalties, taxes to India in FY16

Mining giant Vedanta Resources has paid more than USD 2 billion (over Rs 13,300 crore) in taxes, royalties, licence fees and other payments to India in the last financial year ended March 2016.

Oct 02, 2016, 14:31 PM IST
Tasmania offers incentives to Vedanta to resume copper mining

Tasmania offers incentives to Vedanta to resume copper mining

Mumbai: Tasmania has offered a financial package of 25 million Australian dollar (ASD) to Vedanta Resources for restarting a copper mine by 2017, the Australian state's premier, Will Hodgman said.

Sep 06, 2016, 18:48 PM IST
Vedanta Resources shareholders approve Cairn India merger

Vedanta Resources shareholders approve Cairn India merger

Mining conglomerate Vedanta Resources Tuesday said its shareholders have approved the merger of group firms Vedanta Ltd and Cairn India.

Sep 06, 2016, 18:34 PM IST
Vedanta sweetens Cairn merger deal, offers 3 additional preference shares

Vedanta sweetens Cairn merger deal, offers 3 additional preference shares

Unable to quickly absorb its cash-rich oil subsidiary Cairn India, mining billionaire Anil Agarwal's Vedanta Ltd on Friday sweetened the merger deal by offering three additional preference shares.

Jul 22, 2016, 19:22 PM IST
Vedanta Resources loss narrows to $3.5 billion in FY16

Vedanta Resources loss narrows to $3.5 billion in FY16

The mining giant led by billionaire Anil Agrawal had posted net loss of USD 3.8 billion in 2014-15, it said in a regulatory filing.

May 12, 2016, 14:41 PM IST
Vedanta Resources to buy-back bonds worth up to $349 million

Vedanta Resources to buy-back bonds worth up to $349 million

Mining conglomerate Vedanta Resources today said it will buy-back bonds worth USD 348.6 million (about Rs 2,314 crore).

Apr 01, 2016, 18:23 PM IST
India's aluminium consumption to rise to 20 million tonnes: Anil Agarwal

India's aluminium consumption to rise to 20 million tonnes: Anil Agarwal

 Describing aluminium as the future, Vedanta Resources Chairman Anil Agarwal today said the consumption of the metal will rise to 20 million tonnes (MT) from the present 2 MT going ahead.

Mar 26, 2016, 17:09 PM IST
Filed suit against govt to expedite pricing case: Anil Agarwal

Filed suit against govt to expedite pricing case: Anil Agarwal

Lamenting that decision making in India could have been quicker, mining baron Anil Agarwal has said his company Cairn India filed a suit against government to "help" latter decide on price and tenure of Rajasthan oilfield faster.

Mar 13, 2016, 15:40 PM IST

Vedanta Resources to buy back bonds worth $500 million

Metals and mining conglomerate Vedanta Resources will repurchase in cash bonds worth USD 500 million (about Rs 3,300 crore) out of its outstanding USD 1.13 billion convertible bonds due in July this year.

Jan 13, 2016, 19:02 PM IST
'Vedanta not considering sweetening Cairn merger offer'

'Vedanta not considering sweetening Cairn merger offer'

With minority shareholders of Cairn India said to be against the merger of the company with parent Vedanta Ltd, Vedanta Group Chairman Anil Agarwal Thursday hoped he wouldn't have to sweeten the merger offer.

Nov 19, 2015, 21:08 PM IST
Vedanta Resources net loss widens in H1 FY'16; halts dividend

Vedanta Resources net loss widens in H1 FY'16; halts dividend

Vedanta Resources Wednesday reported widening of its net loss to USD 324.5 million in the first half of the current fiscal as the mining conglomerate faced challenging commodities market.

Nov 04, 2015, 18:38 PM IST
Cairn-Vedanta merger to take place in June 2016, says Group firm

Cairn-Vedanta merger to take place in June 2016, says Group firm

Mining baron Anil Agarwal-led Vedanta Resources Wednesday said the merger of its subsidiaries Vedanta Ltd and cash-rich Cairn India will happen in June quarter of 2016 as against the first quarter stated previously.

Nov 04, 2015, 18:34 PM IST
Vedanta Group has cut nearly 4,000 jobs in India since January

Vedanta Group has cut nearly 4,000 jobs in India since January

Metals and mining conglomerate Vedanta Resources, which has a sizable presence in India in oil and gas, aluminium, iron ore and zinc sectors, has slashed nearly 4,000 direct and indirect jobs in the country since January this year.

Sep 23, 2015, 18:55 PM IST

Vedanta Aluminium goes on workforce reduction, cost cuts

Mining giant Vedanta Resources has resorted to "aggressive cost reduction" and "workforce reduction" in its aluminium segment amid subdued and volatile market conditions globally.

Sep 10, 2015, 22:06 PM IST