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vedanta

vedanta

Of the five mines, two were allocated to Birla Corporation Ltd and one each to Vedanta Ltd, Prakash Industries Ltd and Powerplus Traders Pvt Ltd.

Govt approves allocation of 5 coal blocks, to generate Rs 17,136 cr revenue

The ministry of coal, after a long gap of four years, has approved the allocation of five coal mines, the ministry said in a statement.

05 Dec 2019 5:53 PM

Vedanta’s earnings were boosted by higher volumes at its Gamsberg zinc mine in South Africa, lower costs at its aluminum unit and increased sales of iron ore in Karnataka.

Vedanta beats all profit estimates on tax gain

The company saw a tax gain of Rs 16.1 billion compared with an expense of Rs 7.18 billion during the same period a year earlier.

15 Nov 2019 2:05 AM

Vednata, the country's largest primary producer of aluminium, is expecting 50 per cent volume growth to 3 million tonne spread over the next three years from the current 2 million tonne.

Vedanta sees big jump in revenue

The company commissioned the Gamsberg mining complex in South Africa earlier this year, which has the world's largest zinc deposits.

12 Jul 2019 1:32 AM

vedanta Group Chairman Anil Agarwal.

Vedanta lost USD 200 mn in profits in one year of Tuticorin plant shutdown: Agarwal

As many as 20,000 direct and indirect jobs have been lost due to the shutting of the smelter.

17 Jun 2019 11:02 AM

Sharma will be an incredible asset to the board as the company remains committed to sustainable economic growth of the organisation.

Vedanta appoints M K Sharma as non-executive independent director

Appointment of M K Sharma as a non-executive independent director with effect from June 1, 2019.

31 May 2019 2:31 PM

Bidding for 14 blocks on offer in the Open Acreage Licensing Policy (OALP) round-II and another 18 oil and gas blocks and 5 coal-bed methane (CBM) blocks on offer in OALP-III closed on Wednesday.

Vedanta bids for 30 oil & gas blocks

Vedanta had walked away with 41 out of the 55 blocks offered in OALP-I last year.

17 May 2019 1:06 AM

Vedanta is already in trouble over the closure of its Sterlite copper smelter plant at Tuticorin.

Politicos, green activists slam nod for Vedanta

Impact assessment for 274 hydrocarbon wells in TN, Puducherry gets govt green signal.

14 May 2019 2:00 AM

A company spokesperson confirming the resignations said: "Such movements in management are part of natural evolution in any organization, and are in line with career aspirations and personal priorities of individuals.

Vedanta-led Cairn India CEO, CFO quit firm

Along with CEO Sudhir Mathur, CFO Pankaj Kalra also resigned recently, sources privy to the development said.

11 Apr 2019 2:40 PM

India’s second-biggest with an annual production of more than 400,000 tonnes, citing air and water pollution.

Vedanta says it loses 50 million rupees daily due to smelter shutdown

Vedanta Chairman Agarwal said the company could face a loss of USD 100 million if the plant remained shut for a year.

01 Mar 2019 10:49 AM

The court will continue to hear the case even though it has not stayed the earlier order by the National Green Tribunal.

Supreme Court clears way for reopening Vedanta's copper smelter

Vedanta will now file an application with the Tamil Nadu pollution regulator seeking consent to operate the smelter.

08 Jan 2019 2:53 PM

The company had challenged the order in the National Green Tribunal (NGT).

Vedanta stock surges 6 per cent post NGT order on Tuticorin unit

The stock, after a positive opening on the NSE, gained 5.80 per cent to the intra-day high of Rs 213.30.

17 Dec 2018 1:47 PM

In May, the Tamil Nadu government had decided to shut down the Sterlite Copper plant, which accounts for a 40 per cent share in India’s annual copper production of 10 lakh tonnes, over alleged pollution. (Photo: File)

Vedanta Sterlite closure 'unjustifiable', may reopen as NGT cancels TN order

NGT directed Vedanta Limited to spend Rs 100 crore over a period of three years for 'welfare activities' in the area.

15 Dec 2018 2:44 PM

Vedanta has denied it is responsible for pollution or human rights abuses.

Vedanta shareholders back London delisting amid protest

The cancellation of the listing was confirmed at a final London shareholders’ meeting.

02 Oct 2018 9:05 AM

The Supreme Court on Tuesday agreed to hear tomorrow a plea of ArcelorMittal seeking extension of time for payment of Rs 7,000 crore as ordered by NCLAT last week for its bid to become eligible for Essar Steel.

SC to hear tomorrow plea of ArcelorMittal against NCLAT order on Essar auction

Anil Aggrawal's Vedanta is a third qualified bidder for Essar Steel.

11 Sep 2018 11:44 AM

A two-member bench of the NCLAT headed by Chairman Justice S J Mukhopadhaya directed lenders of the Essar Steel to expeditiously take a decision.

Second round bids by NuMetal, Vedanta for Essar Steel valid, says NCLAT

Justice S J Mukhopadhaya directed lenders of the Essar Steel to expeditiously take a decision.

07 Sep 2018 11:55 AM

The NGT had on August 9 allowed Vedanta to enter the administrative unit inside its Sterlite copper plant, observing that no environmental damage would be caused by allowing access to the administrative section.

No urgent hearing of Vedanta’s access to Sterlite plant in Tuticorin: SC

A bench of Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud said it will hear the plea next week.

04 Sep 2018 3:11 PM

Mining mogul Anil Agarwal-led Vedanta Ltd has bagged 41 out of 55 oil and gas exploration blocks offered in India's maiden open acreage auction, upstream regulator DGH said on Tuesday.

Vedanta bags 41 oil blocks, OIL 9, ONGC 2 in India's maiden auction

Vedanta, which had put in bids for all the 55 blocks, won right to explore and produce oil and gas in 41 of them.

28 Aug 2018 4:30 PM

Metals and mining giant Vedanta Ltd on Friday said it will pump in around USD 8 billion (about Rs 56,000 crore) over the next three years on various projects across businesses.

Vedanta to invest close to USD 8 billion in next 3 years: Chairman

There is immense growth potential in sight, Vedanta Ltd Chairman Navin Agarwal said at the company's Annual General Meeting.

24 Aug 2018 2:59 PM

Tamil Nadu ordered the permanent closure of the plant and disconnected its power supply in May.

NGT says committee to decide fate of shut Vedanta copper smelter

The smelter has an annual production capacity of more than 400,000 tonnes.

20 Aug 2018 3:19 PM

Vedanta Limited has said it will be investing USD 2.3 billion towards capex on its oil and gas activities in the 'near term' to increase the reserve base by around 375 million barrels.

Vedanta to invest USD 2.3 billion in 'near term' on oil and gas

Vedanta aims to increase production from the current 2,00,000 barrels of oil equivalent per day to 3,00,000 bpd.

19 Aug 2018 3:34 PM

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Indian migrant laborers wait for buses provided by the government to transport them to their hometowns, following a lockdown amid concern over spread of coronavirus in New Delhi on march 28 (AP)

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A migrant worker, suspected of coronavirus infection, and his wife beg a policeman to be allowed to go back to their native place, at a soup kitchen set up in New Delhi on March 27, 2020. (PTI)

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