Page 5 - Vedanta

Sensex up 92 points, Nifty holds 18,250; Financials soar, Adani Ent dips 3%

CLOSING BELL: SBI, Bajaj Finance gain, while Adani Enterprises slips in trade on Wednesday. Debutant Inox Green Energy ends at 9 per cent discount to its issue price.

Stocks to Watch: Nykaa, Vedanta, Adani Enterprises, Inox Green, Siemens

Stocks to Watch: Inox Green Energy Services will make its debut on the bourses today. The issue price has been fixed at Rs 65 per share

Vedanta to pay third interim dividend at Rs 17.5 per equity share

So far, the company's dividend payout in FY23 stands at Rs 25,465 crore, more than the FY22 number of Rs 16,740 crore

Vedanta Group notifies third interim dividend of Rs 17.50 per share

Vedanta Group approved the third interim dividend of Rs 17.50 per share or 1750 per cent for the financial year 2022-23, on Tuesday November 2022

Price volatility takes sheen off aluminium firms' capital expenditure

Hindalco's subsidiary Novelis as well as the aluminium division of Vedanta have trimmed guidance by 30-40 per cent for the year

Vedanta says priority is to complete doubling Electrosteel capacity to 3 MT

Vedanta Group on Tuesday said it was focused on completing the expansion of Electrosteel Steels Ltd to three million tonnes from 1.5 million tonnes amid rumours about the company's exit from the steel business. Anil Agarwal-led Vedanta Group scooped Electrosteel Steels four years ago. "As of date, this (exiting Electrosteel) is not a topic for us. The only priority is to raise the (production) capacity to 3 million tonnes, Vedanta Group CEO Sunil Duggal told reporters when asked about the reports of exiting the steel business. "I just visited the Electrosteel facility and reviewed the progress," he said. He was at the curtain raiser event of CII organised Global Mining Summit 2022. The group was planning to invest USD 300-350 million in doubling the Electrosteel capacity out of the USD 2 billion investment announced by the group. During the day, he also sought regulatory flexibility for the mining sector.

ESL Steel capacity expansion by next year: Vedanta's Sunil Duggal

Mining giant says priority is to finish doubling capacity of company it acquired in June 2018

Vedanta to plant 1 mn saplings in Odisha as part of afforestation efforts

Mining major Vedanta has announced that it will plant 10 lakh saplings in Odisha as part of its afforestation efforts, a statement said on Wednesday. The company has pledged to grow 7 million trees across the country, with 3.5 million in Rajasthan and a million in Odisha. The firm has joined hands with the World Economic Forum for the one trillion trees movement. "Our pledge will be instrumental in combating climate change and achieving net zero carbon emissions," Vedanta Non-executive Director Priya Agarwal Hebbar said. Vedanta Limited Group CEO Sunil Duggal said the company will be furthering its environmental conservation efforts through reforestation, agro-forestry, and mangrove restoration.

Two Indian companies to pick up over 26% but less than 51% stake in ISMC

Next Orbit director refuses to divulge names though talks were reportedly on with HCL, Reliance Industries

Cement firms raise FY23 capex amid cost pressure, aluminium cos trim plans

While UltraTech, ACC, Ambuja intend to go ahead with capex, Analysts point to volatility in global aluminium prices for Vedanta arm's revised capex guidance

Mining & metal companies see reversal of fortune in September quarter

Profits down 91% in Q2, driven by margin contraction because sales realisation did not keep pace with rise in expenses

Vedanta hits 5-month high; rallies 16% in four days on heavy volumes

For the July-September quarter (Q2FY23), the metals and mining major reported a 60.8 per cent year-on-year (YoY) decline in consolidated net profit at Rs 1,808 crore on the back of higher expenses

F&O Call: Nandish Shah recommends this F&O trading strategy in Vedanta

The derivative analyst from HDFC Securities recommends buying Vedanta 310 Call and simultaneously selling 330 Call of the November series.

Logistics firm OBCL bags Rs 150-crore transportation contract from Vedanta

Logistics firm Orissa Bengal Carrier Limited (OBCL) has entered into an agreement with mining major Vedanta Limited for the transportation of finished aluminium items. The deal is of around Rs 150 crore and the period of the transportation pact is one year, OBCL said in a statement on Thursday. "OBCL enters into a Rs 146 crore contract with Vedanta Limited led by Anil Agarwal," the Raipur-based company said. As part of the agreement, OBCL said, it will transport finished aluminium items to western business clusters. Vedanta has aluminium processing units in the states of Chhattisgarh and Odisha.

Stocks to Watch: IOC, Vedanta, RIL, NTPC, Nykaa, Hero Moto, Dr Reddy, Sugar

Stocks to Watch today: Reliance Strategic Business Ventures Ltd (RSBVL), a wholly owned subsidiary of Reliance Industries Ltd (RIL), has acquired an additional stake in skyTran Inc for Rs 123.4 crore

Vedanta Q2 net profit falls 60% on higher expenses; revenue up 20%

Vedanta's oil and gas business also took a hit due to the windfall tax and lower crude prices in Q2, analysts said

Hindustan Zinc eyeing acquisitions in US, Europe in new growth push

Parent Vedanta has zinc assets in Namibia, South Africa and Ireland

Several Indian corporate houses set to become carbon neutral by 2050

Companies including Mahindra & Mahindra, Aditya Birla Group, JSW Group, Adani Transmission, Vedanta, and Dalmia Cement have set decarbonisation goals to achieve carbon neutrality by 2050

Anil Agarwal-led Vedanta group gets shareholder nod to rejig capital

The development acquires significance since Vedanta's holding company, Vedanta Resources, will receive nearly 70 per cent of the dividend to be distributed

Vedanta, JSW can soar up to 18% as Nifty Metal eyes 'Golden Cross' breakout

The Nifty Metal index can rally up to 11 per cent following the breakout. Among individual stocks, Tata Steel needs to conquer its 200-DMA to gain strength.