Oil and gas ramp-up expected only in 2018
To extend some loans maturing in 2018
Last month, Vedanta revised the terms of an offer aimed at buying out the minority stake in Cairn India
Vedanta has been pleading for alternative bauxite mines after environment ministry red flagged Niyamgiri bauxite mining project
As the company looks to expand aluminium output
Mining conglomerate Vedanta Resources will invest USD 30 million (about Rs 200 crore) in research and development (R&D) activities, its Chairman Anil Agarwal said today. "The company will continue to invest in best-in class technology for all its assets. For this reason I announced this year 30 million dollars of funding for our in-house R&D programme," he said. Speaking to shareholders at the London-listed firm's annual general meeting, Agarwal said it is an exciting time for the Indian economy, which will drive the demand for commodities globally. "We are witnessing a gradual turnaround in commodities sector and I believe the worst is behind us. Vedanta has a high-quality portfolio of assets. We have demonstrated our efficiency as a low cost producer in a challenging market with lower commodity prices," he added. The company has generated strong free cash flow, reduced net and gross debt and delivered strong EBITDA margins, the billionaire said. "The .
The large-cap company has equity capital of Rs 296.47 crore. Face value per share is Re 1
Fall in revenue hurts bottomline even as expenses decline and other income rises
Cairn India minority shareholders to receive one equity share and four redeemable preference shares in Vedanta
The Anil Agarwal-owned conglomerate to invest $1 bn in Africa
Anil Agarwal says group will invest $1 billion in Africa
Group will sign two MoUs with South African firms when Anil Agarwal visits country as part of Modi's team on 8 July
Firm plans $400 per tonne cut in cost of making aluminium
Though the refinery at Lanjigarh is already armed with the approval to run at 4 mtpa, non-availability of bauxite within Odisha has been a major hurdle
The company is also looking to commission pot lines five and six at the Odisha facility
The liquidity for the group remains strong, with Rs 52,000 crore of cash and cash equivalents, Vedanta chairman said
As base metals prices rebound and crude oil prices firm up, the lower cost of output should aid earnings
The mining industry in Goa had come to a standstill for more than two-and-a-half years following a Supreme Court order
To clinch long-term raw material security for its alumina refinery at Lanjigarh
Firm led by billionaire Anil Agrawal had called for a postal ballot to seek approval from shareholders