Page 27 - Vedanta

Vedanta stake sale of $1-bn oil unit stalled after crude collapse: Report

While the stake sale talks could resume when oil prices stabilise, Vedanta may also explore other fundraising options to reduce its debt, people in the know said.

How to Make in India 2.0

India will be served well by comprehensive capital and labour reforms but it is important to sift the necessary from the desirable

Day 1 of lockdown 3.0: India limps back, but industry still in limbo

With public transport still not allowed in 130 red-zone districts, which comprise some of the economically important urban centres, people took out their private vehicles.

Struggling before lockdown, copper manufacturers stare at meltdown

The anticipated economic slump is likely to weaken their prospects

India Inc wants govt to shift focus to economy amid Covid-19 outbreak

CEOs warn of economic depression, say need to work within new normal

Crisil revises rating outlook on Vedanta Ltd to negative from stable

Delay in debt refinancing of Vedanta Resources, higher-than-expected dividends by Vedanta Limited seen as key rating sensitivity factors

Vedanta banks on Jamkhani coal block to lower aluminium production cost

Once operational, the coal block will save power costs by 10-15%, get company closer to its avowed aluminium Cost of Production of $1,500 per tonne

Vedanta creates fund to combat Covid-19; to not cut salaries, fire staff

It has also decided to provide special, one time insurance to cover Vedanta's employees and their families against Covid-19

Rupee crash, Covid-19 to make India Inc's overseas debt repayments costlier

Bankers said some of the firms may default on their overseas loans as their cash flows get impacted due to falling sales due to the shutdown

Vedanta to ramp up production in Odisha's Lanjigarh alumina refinery

Total alumina production in FY20 seen at 1.8 million tonne from 1.5 million tonne in the previous fiscal

Higher bauxite sourcing helps Vedanta cut alumina-making cost by 8%

Alumina production at Lanjigarh was up 16 per cent y-o-y to 476,000 tonnes

Closure of copper facility in Tamil Nadu costs Vedanta Group $600 mn

The factory closed in March 2018 for annual maintenance first, and later due to protests when the govt issued an order to close the facility.

BPCL valuation too high, Vedanta will evaluate bid: Anil Agarwal

Agarwal said the share price has moved up 40-50 per cent since the time the government announced its plan to sell stake in November last year

Metal shares tumble as coronavirus cases jump in South Korea, Italy

The IMF has predicted the epidemic would shave 0.1 percentage points off global growth

Vedanta's aluminium cost of production falls 12% in April-December

n the period under review, Vedanta Ltd achieved 24 per cent surge in alumina output at its Lanjigarh alumna refinery in Odisha

Coronavirus outbreak adds to Vedanta's woes as base metal prices fall

Outbreak has led to a fall in base metal prices; production ramp-up in oil & gas and zinc biz crucial, say analysts

Pragmatic Budget aimed at alleviating marginalised: Vedanta's Anil Agarwal

Govt has chosen fiscal prudence over massive spending. It should now efficiently finance and rapidly implement the National Infrastructure Pipeline worth Rs 102 trn announced previously

Vedanta Q3 PBT at Rs 3,806 cr, up 9.4% on lower costs, exceptional gain

Sales down 10% to Rs 21,126 cr mainly due to lower commodity prices, muted volumes in zinc, oil & gas and copper

Vedanta profit rises 49% to Rs 2,348 cr in Q3 on the back of lower expenses

In a statement, the company said "attributable PAT (was) at Rs 2,348 crore, up 49 per cent y-o-y (year-on-year)"

Vedanta implements resolution plan to bag Ferro Alloys via NCLT route

Company's foray into ferro alloy business to strengthen its steel business portfolio