Page 17 - Vedanta

Sensex rises 514 pts, Nifty ends above 17,200; RIL, TCS top contributors

TCS, HUL, Titan Company, UltraTech Cement, and Bharti Airtel hit their respective record highs on the BSE today

Stocks to watch: Vedanta, Coal India, Hindustan Zinc, Eicher Motors, SBI

Indian Energy Exchange (IEX) has recorded an all-time high monthly trade of 9,538 million units (MU) in August which is 74 per cent higher compared to the same month last year.

Vedanta to disburse Rs 6,877 crore via dividend declaration

Vedanta board approves first interim dividend of Rs 18.50 per share for FY22

Vedanta's acquisition of Videocon assets may get derailed after NCLT order

Lenders in a bind as NCLT orders attachment of company and promoter assets

Vedanta board approves interim dividend of Rs 6,877 crore

Vedanta Ltd on Wednesday said its board has approved an interim dividend of Rs 18.50 per equity share for FY2021-22, amounting to Rs 6,877 crore. "The board of directors of the company in its meeting held on Wednesday...have approved first interim dividend of Rs 18.50 per equity share i.e. 1850% on face value of Re 1 per share for the financial year 2021-22 amounting to Rs 6,877 crore," Vedanta Ltd said in a filing to BSE. The record date for the purpose of payment of dividend September 9. The interim dividend will be paid within stipulated timelines as prescribed under law, the filing said. Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading diversified natural resource companies with business operations in India, South Africa, Namibia, and Australia.

Contributed Rs 2.74 trillion to exchequer in past 10 years: Vedanta

Natural resources major Vedanta on Tuesday said it has made a contribution of Rs 2.74 lakh crore to the exchequer in the past 10 years. During 2020-21, Vedanta's contribution to the exchequer was Rs 34,562 crore, which accounts for 40 per cent of the consolidated turnover, the company said in a statement. "Over the past 10 years, the company has made a total contribution of Rs 2.74 lakh crore to the national exchequer," it said. Despite the challenges posed by the COVID-19 pandemic during the fiscal, Vedanta's tax contribution in FY21 was nearly Rs 550 crore higher than the previous financial year. The tax contribution includes corporate income taxes, royalties, profit-oil, and significant indirect contributions by way of withholding taxes and indirect taxes, it said. Vedanta added it is the only corporate in the country to come out with such a detailed report that breaks down key components like economic value generated, taxes paid and contribution by each of the businesses. In

Vedanta board to consider first interim dividend for FY22 next week

Vedanta Ltd on Saturday said its board will meet next week to consider and approve the first interim dividend for 2021-22. "...the board of directors of the company (the Board) on Wednesday, September 1, 2021, will consider and approve the first interim dividend on equity shares, if any, for the financial year 2021-22," Vedanta Ltd said in a filing to BSE. Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading diversified natural resource companies with business operations in India, South Africa, Namibia, and Australia. * * * * * * Coal India arm holds Covid vaccination drive *Coal India arm Bharat Cocking Coal Ltd (BCCL) has organised a special vaccination drive against Covid-19. Held at Ambedkar School of Martial Arts, Jagjeevan Nagar, Dhanbad, the campaign has benefitted a large number of people especially 250 safaiKarmies of BCCL with the first dose of COVISHIELD, the coal ministry said in a statement. Safai Karmies have been the backbone of BCCL's

Moody's upgrades Vedanta's senior unsecured notes; outlook 'stable'

Moody's Investors Service has said it has upgraded Vedanta's senior unsecured notes to 'B3' from 'Caa1'.

Vedanta makes natural gas discovery in Gujarat block won in OALP round

Billionaire Anil Agarwal's Vedanta on Monday said it has made a natural gas discovery in a block in Gujarat that it had won in the open acreage licensing policy (OALP) round

Hindustan Zinc board meeting to consider interim dividend for FY22 deferred

Vedanta group firm Hindustan Zinc Ltd (HZL) on Tuesday said its board meeting scheduled on August 17 to consider interim dividend for FY2021-22 has been deferred

Govt's retro tax settlement with Cairn Energy may hinge on Vedanta case

India lost the international arbitration with Cairn Energy at The Hague in December and the former was given an award of $1.2 billion

Vedanta shareholders oppose reappointment of former Sebi chief U K Sinha

While the resolution was still passed with promoter support, it underscored the extent of emphasis institutional investors are placing on issues such as corporate governance and transparency

Vedanta rallies 6%, hits over three-year high

In last three weeks, stock has surged 27% after the company reported a strong operational performance in Q1

Vedanta to invest $20 bn across businesses, double silver and steel output

Timeline for investment not given; Firm looks to ramp up domestic production in oil and gas by up to 50%

Vedanta committed to bring in investments of up to $20 bn: Anil Agarwal

Agarwal was addressing the shareholders during 56th Annual General Meeting of the company.

Vedanta Aluminium purchases 354 million units of renewable energy from IEX

Bulk of procurement is from Green Term-Ahead Market, which was introduced last year by IEX and supports buyers in procuring green energy in a competitive and flexible manner

Videocon's Venugopal Dhoot moves NCLAT against Deloitte, CoC and Vedanta

Videocon sold at a huge discount to Vedanta, says Dhoot

Top headlines: Sun Pharma posts profit in Q1; Bandhan Bank Q1 net falls 32%

Business Standard brings you the top headlines on Friday

Vedanta starts winding-off operations at oxygen plant in Tuticorin

According to Vedanta, the start of winding-off operations on Friday is done to allow enough time for the defrosting process before the date indicated by the Supreme Court.

SC to hear next week Vedanta's plea to continue operating Tuticorin plant

A bench of Justices D Y Chandrachud and M R Shah agreed to hear the matter next week