Page 30 - Vedanta

Vedanta to seek court order saying Zambia's ZCCM breached shareholder pact

Vedanta said an urgent application had been served on ZCCM and a provisional liquidator appointed for KCM

Anil Agarwal's Vedanta changes pecking order in private sector oil biz

Vedanta now holds 48 oil and gas blocks in India through Cairn

JSW sweetens offer to surge past Vedanta in race for Ind Barath unit

Both contenders has offered Rs one cr per Mw upfront. But Sajjan Jindal-led firm recently hiked upfront payment offer to Rs 845 crore against Vedanta's Rs 700 crore

From copper to aluminium, Anil Agarwal-led Vedanta's smaller biz looking up

For the past two years, the company's aluminium revenue has been growing quarter after quarter

More cash to Volcan to hurt Vedanta's credit profile, says Moody's

The upstreaming of cash to Volcan through the structured product is an important precedent because it was not aligned with creditor interests

Vedanta lost $200 mn in profits in one year of Tuticorin plant shutdown

Vedanta wants the plant to be reopened, pointing to the economic pressures from the closure

Vedanta in talks for setting up auto ancillary park in Odisha's Jharsuguda

The company has already started working with all top automobile original equipment makers (OEMs) over the last few months and has signed agreements with them

Copper mining could augur well for Anil Agarwal's Vedanta: Analyst

So far, the company has been only into copper smelting," said a Mumbai-based analyst on condition of anonymity

Zambia court hearing on Vedanta copper mines biz adjourned for a week

In a statement, Vedanta said the judge had considered preliminary issues brought by ZCCM and reserved judgment until June 11

Vedanta appoints M K Sharma to board as non-executive independent director

He has previously held the position of vice-chairman at Hindustan Unilever

Vedanta willing to invest in Zambia copper mine, seeks 'right framework'

Vedanta is fighting Zambia's decision this month to name a provisional liquidator to run Vedanta Resources' KCM business.

Vedanta CEO open to dialogue with Zambia, but says will defend KCM rights

The Zambian government is pressing for the liquidation of KCM, which it has accused of breaching its operating licence

Debt build-up at Volcan could derail Vedanta's deleveraging plan: Ind-Ra

Parent firms lean heavily on dividends from Vedanta to service their own loans, creating a cash crunch in the subsidiary.

Vedanta declared preferred bidder for two copper mines in Maharashtra

The government of Maharashtra had invited bids for grant of two copper composite licenses on February 1, 2019 through e-auction

Vedanta to prune aluminium making cost to beat global price plunge

Aluminium CoP seen at $1,725-1,775 on par with current LME prices

Tepid base metal prices on LME may play spoilsport for Vedanta stock

Volatility in base metal prices on the London Metal Exchange due to trade war concerns may keep Street cautious on Vedanta stock

Vedanta's iron ore sales fall by 50% in FY19 due to lower production in Goa

Vedanta achieved 3.8 million tonnes (mt) in iron ore sales in FY19, down 7.6 mt in the preceding fiscal

Vedanta's power sales up 22% in FY19 on record load at TSPL

The 600 Mw Independent Power Producer (IPP) at Bharat Aluminium Company, owned by Vedanta also shored up its power sales

Major resignations at Vedanta Cairn; CEO, CFO quit last week

The company management remained tight-lipped about the resignations, but indicated there was nothing unusual in these movements

Zambian villagers win right to sue Vedanta subsidiary in England

The case relates to allegations of pollution by villagers living near the massive Nchanga Copper mine, owned by Vedanta subsidiary Konkola Copper Mines