From the chart trends, one can clearly conclude that till Vedanta does not see strong buying and positive close, then the chances of the stock going up seem slim
Debt restructuring, proposal to approach Sebi for extension could be points of meeting agenda
SBI Life's stock is holding strongly above the support zone of 200 EMA on the daily chart
Delay in debt refinancing of Vedanta Resources, higher-than-expected dividends by Vedanta Limited seen as key rating sensitivity factors
Agarwal, 66, who turned a tiny scrap metal business into a mining conglomerate, had so far headed the board of London-headquartered Vedanta Resources
The company will hold a meeting of its committee of directors on Wednesday on this issue
While reducing the cost of production to $1500 per tonne is our mid-term vision, we have given a guidance of $1725 to $1775 per tonne for the current fiscal
Vedanta stated that its growth plans will see it becoming the world's largest zinc producer and among the top three silver producers
Agarwal is currently CMD at Fujairah Gold FZC, which is part of Vedanta Resources in UAE
Firm currently imports over 2 mn tonnes a year for its two smelters; a reduction in foreign material would help make its aluminium output more cost competitive
Supreme Court recently refused to stay a Madras HC order for a CBI probe against police officials for firing during the protests
Aside from combating imports, Vedanta's proposal to expand the downstream, value-added portfolio is expected to boost its realisations
HOUSTON (Reuters) - India's Vedanta Resources wants U.S. oilfield services companies to set up consortia to help develop the 41 blocks in India acquired this year by its Cairn Oil & Gas unit, the company's chairman said on Thursday.
The Tamil Nadu state government ordered a permanent closure of the plant, cancelled land allocated for expansion and disconnected power supply to the smelter in May
The smelter has been shut since May after the Tamil Nadu government cut power supply to the unit, following violent protests over alleged pollution resulted in the death of 13 people in police firing
Of the four potlines at its Jharsuguda aluminium smelter, firm has completed ramp up of the first two; Balco-II smelter in Chhattisgarh ramped up completely
The High Level Clearance Authority (HLCA) would consider a proposal by Vedanta Ltd to expand capacity of its alumina refinery at Lanjigarh from one million tonne per annum (mtpa) to six mtpa.Vedanta would invest Rs 6483 crore on expanding capacity of its refinery. The project after full ramp up has the potential to generate jobs for 9494 people.The company's expansion proposal came up for scrutiny at the 75th meeting of the State Level Single Window Clearance Authority (SLSWCA). Since the SLSWCA is empowered to approve projects with investment size of up to Rs 1000 crore, the proposal was referred to HLCA, the highest body to clear investment proposals in Odisha.The SLSWCA approved Vedanta's plan to ramp up capacity of its co-generation captive power plant from 90 Mw to 340 Mw.To fulfill its expansion plan, Vedanta has asked for 1645.8 acres of additional private land. Vedanta's alumina refinery at Lanjigarh in Odisha's economically backward Kalahandi district, has been struggling to .
The oil and gas business has commenced its next phase of growth
Profitability was lower than expectations due to higher fuel costs
The stock trading flat at Rs 255 after it turned ex-dividend for Rs 17.70 per share today.