close

News WrapGet Handpicked Stories from our editors directly to your mailbox

Vedanta Ltd

Income Tax Dept sells more shares of Cairn Energy to recover retro tax

Cairn in its half-yearly report announcement Tuesday reported a loss of USD 500.5 million as a result of the de-recognition and loss of financial assets in India.

Sep 11, 2018, 15:58 PM IST

NCLAT allows Vedanta to make upfront payment of Rs 5,320 cr for Electrosteel

A two-member bench also said this payment would be subject to the outcome of the petition filed by Renaissance Steel challenging Vedanta's bid.

May 30, 2018, 15:19 PM IST

Controversy, closure, chaos– Vedanta's Sterlite plant has seen it all

Vedanta's Sterlite plant is no stranger to controversy ever since it was proposed in 1995.

May 24, 2018, 11:13 AM IST

Anti-Sterlite protest: Vedanta urges Tamil Nadu government to ensure safety of its employees in Tuticorin

The Thootukudi copper smelter at Tuticorin is run by Vedanta Ltd's Sterlite Copper unit.

May 23, 2018, 19:53 PM IST

NCLT approves Vedanta's resolution plan for Electrosteel

Vedanta informed stock exchanges that it was declared "successful resolution applicant" under the insolvency process and had received the Letter of Intent.

Apr 17, 2018, 17:09 PM IST

Cairn tax dispute: I-T dept orders recovery of Rs 10,000 crore

The Income Tax Department has ordered coercive action against Cairn Energy Plc to recover Rs 10,247 crore of retrospective tax after the British oil firm lost a challenge to the move before an international arbitration panel.

Jun 19, 2017, 13:16 PM IST

Vedanta gets nod to raise up to Rs 350 crore via NCDs

Vedanta Ltd on Wednesday said that a board-appointed panel has approved raising up to Rs 350 crore via issuance of non-convertible debentures.

May 31, 2017, 14:06 PM IST

Vedanta Ltd Q4 net profit grows 3.4 times to Rs 2,971 crore

Metal and mining conglomerate Vedanta Ltd on Monday saw its consolidated net profit jump over three fold to Rs 2,971 crore for the fourth quarter to March on the back of higher income.

May 15, 2017, 16:33 PM IST

Vedanta's Q2 net profit grows 17.1% to Rs 1,251 crore

Mining giant Vedanta Ltd on Friday posted 17.14 percent jump in its consolidated net profit at Rs 1,251.13 crore for the quarter ended September 2016 as against a year ago.

Oct 28, 2016, 18:26 PM IST

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 merger: Cairn calls shareholders' meeting on September 12

Cairn India has called a shareholders' meeting on September 12 to seek approval for the company's takeover by its parent Vedanta Ltd under a revised all-share deal.

Aug 11, 2016, 16:57 PM IST

Vedanta wins gold-hungry India's first mine auction

Vedanta Ltd has won India`s first-ever auction of a gold mine, a state government official said, as the nation opens up the sector to private companies to curb overseas purchases of the metal that cost it $36 billion last year.

Feb 27, 2016, 19:50 PM IST

Vedanta Q2 net profit declines 41% to Rs 974 crore

Vedanta Ltd Tuesday reported 40.6 percent drop in consolidated net profit to Rs 973.97 crore for the quarter ended September 30 on the back of lower commodity prices.

Oct 27, 2015, 18:06 PM IST

Vedanta may discuss on sweetening Cairn India deal next week

The Board of mining billionaire Anil Agarwal-controlled Vedanta Ltd will meet on Tuesday amid talks of the company being forced to sweeten its offer for absorbing its cash-rich oil subsidiary Cairn India.

Oct 23, 2015, 22:21 PM IST

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".

Sep 09, 2015, 21:44 PM IST

Vedanta to halve output at big alumina refinery

Vedanta Ltd will halve output at its one- million-tonne-a-year alumina refinery at Lanjigarh in Orissa in about two months, a senior executive said, due mainly to a shortage of raw material bauxite and weak world prices.

Aug 27, 2015, 16:07 PM IST

Vedanta to issue Rs 2,000-cr NCDs to refinance debt

The issuance of NCDs is part of the overall debt refinancing of the company to substitute short-term liabilities and/or to retire higher cost debt, the filing added.

Aug 17, 2015, 15:30 PM IST

Shareholders may vote on merger with Cairn by Dec: Vedanta CEO

Mining baron Anil Agarwal-led Vedanta Ltd expects to seek shareholders' approval for the proposed merger of the mining arm with Cairn India by December this year.

Jul 29, 2015, 22:14 PM IST

Cairn India merger not for refinancing debts: Vedanta CEO

Mining baron Anil Agarwal-run Vedanta Ltd today said its merger with cash-rich Cairn India is not for refinancing its Rs 77,752 crore gross debt, but to simplify the group's business structure.

Jul 24, 2015, 13:54 PM IST

Vedanta may cut jobs at aluminium unit as prices tank

The aluminium business of Vedanta Ltd has scaled down operations and may make "huge" job cuts due to low world prices and rising imports, its head told Reuters, urging the government to double the tariffs on foreign supply.

Jul 21, 2015, 17:00 PM IST