Page 12 - Vedanta

Vedanta to source 580 MW green energy for India operations

The company said a power delivery agreement has been signed with the Sterlite Power Technologies Private Ltd, a special purpose vehicle for supply of solar and wind-based energy

Ind-Ra upgrades Vedanta's long-term issuer rating to 'AA'; outlook stable

India Ratings and Research (Ind-Ra) on Tuesday said it has upgraded mining giant Vedanta Limited's long-term issuer rating to 'AA' with a stable outlook.

Sensex rises 768 pts from day's low, ends 231 pts up; Inox Leisure adds 12%

CLOSING BELL: Bharti Airtel, up 4 per cent, was the top gainer on the Nifty50 index, followed by Coal India, Axis Bank, Eicher Motors, ITC, SBI, ICICI Bank, HUL,IndusInd Bank, and Power Grid

Vedanta to invest $1.5 bn across oil, zinc, steel businesses

Billionaire Anil Agarwal's Vedanta Ltd on Friday said it will invest USD 1.5 billion across its oil and gas, zinc and steel businesses. Its board at a meeting on Friday approved USD 687 million capital spending for drilling of new wells at the firm's oil and gas unit, Cairn Oil & Gas, Vedanta said in a stock exchange filing. It also approved a USD 466 million phase-2 expansion of the Gamsberg zinc project in South Africa and another USD 348 million for steel expansion. The USD 687 million "capex investment is towards infill wells, development and exploration. The strategic priority for the Cairn Oil & Gas business is to increase near-term volume through infill wells and add resources through exploration," the filing said. It said that USD 360 million have been earmarked for infill wells in the prolific fields viz Mangala, Bhagyam, Aishwariya, Aishwariya Barmer Hill (all in Rajasthan block) and Ravva in eastern offshore. "The exploration work programme with capex investment of .

Vedanta, JSPL, Tata Steel, SAIL: How to trade metal stocks as prices rise

The Nifty Metal index can gain another 3 per cent as long as the index maintains above 6,300-level on a closing basis.

Refinancing debt more challenging for Vedanta Resources in tight market

While current capital market conditions have reduced Vedanta Resources' funding options, its strong underlying ops remain supportive of the company's ability to meet its immediate debt obligations

Vedanta, Jindal Power among 17 to show interest in SREI resolution

Resolution plan by April 30, but deadline can be stretched on request

Cairn Oil & Gas to spend $4 billion, aims 3 times production increase

As high prices make investments attractive, firm charts plan for next 3 years

Vedanta's Anil Agarwal bets $4 bn on oil hunt amid price surge

Cairn's plan stands out compared to producers around the world, most of whom are staying away from committing investments in oil and gas

Sensex slides 366 pts, Nifty below 16,500; auto stocks bleed; IT dazzle

CLOSING BELL: Ultratech Cement, HDFC Life, Asian Paints, Shree Cement, Eicher Motors, SBI Life, and Tata Consumer Products were the top laggards, down up to 6.5 per cent

Anil Agarwal's Vedanta pays out dividend for the third time in FY22

Vedanta will pay the third interim dividend of Rs 13 per equity share or 1,300 per cent for 2021-22

Vedanta pays out dividend for 3rd time in FY22 amid commodity price rally

Billionaire Anil Agarwal's Vedanta Ltd will pay a dividend to investors for the third time this financial year as a rally in commodity prices boosts its earnings.

Rally in Metal index has more steam left; Vedanta may soar another 15%

While Nifty Metal index is just 140 points short of a new historic peak, Vedanta shares gracefully achieved it today

Aluminium business of Vedanta to bring two mines into operation

Vedanta's aluminium business, which has not been impacted majorly by COVID-19, would focus on backward integration in the next fiscal and would bring into production two of its mines in Odisha to provide raw material security for its plants, a top official of the company said.

CRISIL upgrades Vedanta's long-term debt, loans ratings from 'AA-' to 'AA'

CRISIL improved its rating on Vedanta Ltd. on account of stronger than expected operating profitability due to high commodity prices in FY22.

Vedanta visits Pune to explore feasibility to set up semiconductor plant

A team from Indian conglomerate Vedanta has visited Pune to survey the feasibility of setting up its electronic chip plant in the district, a government official said

Vedanta's shares gain over 7% as CRISIL upgrades long-term ratings

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

Vedanta Aluminium launches low carbon aluminium, unveils two product lines

The first production volume of 100 kilo tonnes of Restora and Restora Ultra aluminium already has interest from environmentally conscious customers

Vedanta board to consider and approve third interim dividend on March 2

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

Rajasthan: Cairn Vedanta makes oil discovery in OALP block in Barmer dist

Vedanta group firm Cairn Oil & Gas on Monday announced an oil discovery in a Barmer district block of Rajasthan, not very far away from its prolific oilfield in the same desert. In a stock exchange filing, the firm said it has notified the government and the Directorate General of Hydrocarbons (DGH) of the discovery in exploratory well WM-Basal DD Fan-1 drilled in OALP Block RJ-ONHP-2017/1. The discovery has been named 'Durga'. The firm said the approval of the block oversight panel, called the Management Committee, has also been sought. The block is one of the 41 areas that the company had won in the first round of the open acreage licensing policy (OALP) bid round in October 2018. Cairn Oil & Gas, a unit of Mumbai-listed Vedanta Ltd, holds 100 per cent participating interest in the block. "Durga-1 (earlier WM-Basal DD Fan-1) is the second well drilled in the Block RJ-ONHP-2017/1 to a depth of 2615 meters," the firm said. This is the third hydrocarbon discovery notified by ...