The government has threatened to take legal action to stop Agarwal's Vedanta Group from selling the unit to its subsidiary Hindustan Zinc Ltd., which is around 30% state-owned
Sustaining after September 2023 would depend on completing one of two key transactions
Restarting the smelter will lead to a surge in India's copper output and cut imports
Firm clocked revenue of Rs 33,691 crore, down 7% from the previous quarter
Vedanta Q3 result: On a quarterly basis, however, the profit is up 15 per cent
Stocks to watch today: Metals and mining major Vedanta will acquire debt-laden power plant Meenakshi Energy for Rs 1,440 crore
Meenakshi Energy was admitted under insolvency resolution in 2019
The change in stance comes after almost a year of cautionary view. The Nifty Metal index advanced over 2 per cent while shares of Tata Steel surged nearly 6 per cent
Investors to whom Agarwal pitched the plan raised concerns about the group's limited experience in the sector, say people aware of the development
The reopening of the Chinese economy could brighten the outlook for global growth and commodity demand
The Nifty Metal index seems to be eyeing a new historic peak at 6,900-level; Thus, select stocks from this space could rally up to 15 per cent on their respective breakouts.
So far, the company's dividend payout in FY23 stands at Rs 25,465 crore, more than the FY22 number of Rs 16,740 crore
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
Hindalco's subsidiary Novelis as well as the aluminium division of Vedanta have trimmed guidance by 30-40 per cent for the year
Mining giant says priority is to finish doubling capacity of company it acquired in June 2018
For the July-September quarter (Q2FY23), the metals and mining major reported a 60.8 per cent year-on-year (YoY) decline in consolidated net profit at Rs 1,808 crore on the back of higher expenses
The derivative analyst from HDFC Securities recommends buying Vedanta 310 Call and simultaneously selling 330 Call of the November series.
Vedanta Resources, the holding company of India's Vedanta Limited, on November 7 terminated the Moody's rating services after the latter downgraded the company's ratings amid debt concerns
Soft prices of commodities including metals is weighing on investor sentiment
Persistently weak liquidity, high refinancing needs triggers rating action