Vedanta Ltd

Anil Agarwal-led Vedanta Ltd on Thursday said its board will next week consider and approve the fifth interim dividend for FY'23. The announcement comes days after Vedanta Resources which is a majority shareholder of Vedanta Ltd stating that it has enough means to meet debt repayment liabilities in the coming quarters as it looked to assuage investor concerns around its financial position. "The meeting of the board of directors of the company (the board) is proposed to be scheduled on Tuesday, March 28, 2023, to consider and approve the Fifth Interim Dividend on equity shares, if any, for the Financial Year 2022-23," the company said in a regulatory filing. In a statement, Vedanta Resources had said it is in the advanced stage of finalisation to tie-up USD 1.75 billion through a combination of syndicate loan and bilateral bank facilities. Vedanta Resources had said it had pre-paid all of its debt that was due for repayment till March 2023, deleveraging by USD 2 billion in the past

Vedanta Group approved the third interim dividend of Rs 17.50 per share or 1750 per cent for the financial year 2022-23, on Tuesday November 2022

Mining giant says priority is to finish doubling capacity of company it acquired in June 2018

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The development acquires significance since Vedanta's holding company, Vedanta Resources, will receive nearly 70 per cent of the dividend to be distributed

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The Supreme Court sought a response from the Centre on an appeal of Vedanta Ltd against a Delhi High Court verdict related to a PSC of Vedanta and the ONGC to produce oil from the Barmer oil field

Anil Agarwal-controlled unit looks to raise $700 mn from Indian lenders

Mining giant Vedanta Ltd on Monday reported a 3 per cent increase in its aluminium production to 5,65,000 tonnes in the April-June quarter of the ongoing fiscal. The company had produced 5,49,000 tonnes of aluminium in the corresponding quarter of the previous fiscal, Vedanta Ltd said in a filing to BSE. Mined metal production at Zinc India increased by 14 per cent to 2,52,000 tonnes due to higher ore production across all the mines and supported by better mill recovery. The production of saleable iron ore in Karnataka in the first quarter declined by 14 per cent to 1.26 million tonnes over 1.46 MT on account of heavy rainfall which impacted ore handling. The company's total production of saleable steel declined by 7 per cent to 2,69,000 tonnes over 2,89,000 tonnes in the year-ago period. It achieved 14 per cent rise in ore production to 1,40,000 tonnes in the Q1 FY'23, over the corresponding quarter of previous fiscal. With regard to copper, Vedanta said, "Our Silvassa refinery

Cairn Oil & Gas, a unit of mining giant Vedanta Ltd, will convert a pipeline that ships crude oil from its prolific Rajasthan oilfields to Gujarat to solar power by 2025. To commemorate World Environment Day on June 5, Cairn Oil & Gas will convert the Mangala pipeline to solar. It will install solar rooftop PVs in all the 36 Above Ground Installations (AGIs) along the pipeline by 2025, the firm said in a statement. The Mangala pipeline is the world's longest continuously heated and insulated pipeline that runs from oilfields of Rajasthan to refineries in Gujarat -- traversing 705 km. Discovered in 2004, Cairn's Mangala oilfield in Barmer district of Rajasthan was the largest global discovery of the year and India's largest onshore discovery in 25 years. The field is also home to the Mangala pipeline -- a technology marvel that was built to make the transportation of waxy crude produced from the prolific oilfield a thriving reality. Now, this celebrated pipeline is making the ..

Vedanta Ltd on Wednesday said a committee of its directors will meet this week to consider raising up to Rs 4,100 crore via debentures.

In the past one week, Vedanta has outperformed the market by gaining 12 per cent on higher commodity prices including crude oil and metals as tensions between Russia and Ukraine flared up

On the BSE, the company's shares ended 7.28 per cent higher at Rs 362.5 apiece

The record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as March 10, the filing said

Vedanta's group firm Avanstrate, which will spearhead the semiconductor business, expects to roll out electronic chips and displays from Indian manufacturing plants by 2025

While the zinc business is already housed in a listed subsidiary, the plan is to demerge the aluminum, iron and steel, and oil and gas businesses into standalone listed entities

The fund will be made up of its own resources and outside investment, Agarwal said, adding that it may also finance the BPCL acquisition through debt

The order, however, added that Vedanta cannot involve the plant in copper production or any other activities

Markets will remain shut on Friday on account of Christmas.