Page 18 - Vedanta
Vedanta to invest Rs 6,600 cr on Balco expansion over 18-24 months
This would be first major investment after a long gap by Vendanta in the entity it acquired by purchasing majority government shareholding nearly two decades back.
 "Vedanta to invest Rs 6,600 cr on Balco expansion over 18-24 months")
Mamata govt contacted me soon after returning to power: Anil Agarwal
Vedanta chairman Anil Agarwal on Monday said the Mamata Banerjee government had contacted him within a fortnight of her party's return to power for investments in West Bengal
 "Mamata govt contacted me soon after returning to power: Anil Agarwal")
Vedanta consolidated Q1 PAT up four-fold at Rs 4,224 cr on revenue spike
Top line up 79% YoY at Rs 28,105 cr; lower base also spurs annual surge in bottomline
 "Vedanta consolidated Q1 PAT up four-fold at Rs 4,224 cr on revenue spike")
Vedanta first quarter after-tax profit jumps four-fold to Rs 4,280 crore
As of June, net debt of the company was at Rs 20,261 crore
 "Vedanta first quarter after-tax profit jumps four-fold to Rs 4,280 crore")
Vedanta invites partnership from cement companies for by-products
Vedanta on Monday said its aluminium vertical has invited partnerships from cement producers like ACC, UltraTech Cement and JK Cement to use its by-products for manufacturing low-carbon cement.
2020 was very unusual year for all, Vedanta was no different: Chairman
Mining baron Anil Agarwal has stated that 2020 was a "very unusual year" for all and as a large natural resources company, Vedanta got its fair share of challenges.
Vedanta looks to focus on long product steel with upcoming capacity
Firm will enhance facilities to high carbon electrical steel, other value added products. It is working to double capacity to 3 million tonnes for which it has invested Rs 3,000 crore
 "Vedanta looks to focus on long product steel with upcoming capacity")
Stocks to watch: Infosys, Mindtree, Barbeque-Nation, Torrent Power, Vedanta
ICRA has upgraded credit rating for the bank facilities of Barbeque-Nation Hospitality
 "Stocks to watch: Infosys, Mindtree, Barbeque-Nation, Torrent Power, Vedanta")
Vedanta says total production at Zinc International rises 62% in Q1
With regard to iron ore business it said that there was no production at Goa due to suspension of mining operations.
Vedanta, Hindalco among 34 firms to put bids for Commercial Coal Auction-II
Most of the bidders are from iron and steel industry; three state-owned companies have also participated
 "Vedanta, Hindalco among 34 firms to put bids for Commercial Coal Auction-II")
Top headlines: TCS to hire over 40k freshers; $500 mn more invested in Ola
Business Standard brings you top news of the day
 "Top headlines: TCS to hire over 40k freshers; $500 mn more invested in Ola")
Commercial mining: Vedanta, Hindalco among 20 bidders for coal blocks
Vedanta Ltd, Hindalco Industries, Adani Power Maharashtra and Bharat Aluminium Company Ltd (Balco) are among the 20 companies that have submitted bids for 19 coal mines put up for sale in the second round of auctions for commercial mining. Of the total 34 bids submitted by these firms, the maximum (four each) were from Aurobindo Realty & Infrastructure Pvt Ltd and Sunflag Iron and Steel Company Ltd. Three bids each came from Shree Satya Mines Pvt Ltd and South West Pinnacle Exploration Ltd. Adhunik Power & Natural Resources Ltd, CG Natural Resources Pvt Ltd and Jhar Mineral Resources Pvt Ltd submitted two bids each. Companies like Vedanta, Hindalco Industries Ltd, Bharat Aluminium Company Ltd and Adani Power Maharashtra Ltd put in one bid each. "A total of 20 companies have submitted their bids in the auction process," the coal ministry said in a statement. A total of 34 bids have been received for the 19 coal mines, of which 10 are fully explored mines and nine are partially .
Vedanta's funding ops to improve on raising debt cap at subsidiary: S&P
Investors have been more receptive to debt issued via Twin Star than that from Vedanta Resources, a global miner
 "Vedanta's funding ops to improve on raising debt cap at subsidiary: S&P")
Top headlines: Vedanta plans $5 bn capex, Wistron exceeds PLI investment
Business Standard brings you the top headlines on Friday
 "Top headlines: Vedanta plans $5 bn capex, Wistron exceeds PLI investment")
Anil Agarwal-led Vedanta Limited plans $5-billion capex for 3 years
A major chunk of this capex would go into oil and gas business
 "Anil Agarwal-led Vedanta Limited plans $5-billion capex for 3 years")
Anil Agarwal Foundation pledges Rs 5,000 crore for rural India
Anil Agarwal Foundation (AAF) will be the umbrella entity of Vedanta's social initiatives provide all-round development to work towards these goals over the next five years
Vedanta emerges as successful bidder for coal block for mining in Odisha
Vedanta has emerged as successful bidder for a coal block in Odisha which was put for re-bid in the second attempt of auction of blocks for commercial mining.
Vedanta arm is paying almost nothing for Videocon group, says NCLT
Expresses surprise that Twin Star's bid was so close to liquidation value
 "Vedanta arm is paying almost nothing for Videocon group, says NCLT")
Vedanta to pay salary till retirement to kin of employees dying of Covid
Metal-to-oil conglomerate Vedanta will families of any of its employees dying of COVID, the last drawn fixed salary till the notional date of retirement
Vedanta to roll out two Covid field hospitals in Karnataka, Raj this week
Vedanta said it is rolling out two state-of-the-art Covid-19 field hospitals in Karnataka and Rajasthan this week
