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UNCOVERED: Vedanta ltd - The Untold Story

Hindustan Zinc to invest up to $600 million this fiscal, 80% capex earmarked for ongoing projects

Hindustan Zinc plans a significant investment of $500-600 million this fiscal year. Eighty percent of this capital expenditure will fund ongoing projects already in progress. The remaining twenty percent will support new initiatives which the company will announce soon. Approved projects account for 250,000 tonnes of capacity, requiring substantial financial…

The Economic Times

Crisil Ratings upgrades long-term ratings of Vedanta group companies

Crisil Ratings has upgraded Vedanta group companies' long-term ratings to AA+ and assigned a stable outlook. This upgrade reflects the strong financial profile and improved financial flexibility of the demerged entities. Vedanta Ltd anchors the group with market leadership and a significant stake in Hindustan Zinc. Leverage is expected to…

The Economic Times

Vedanta sets up real estate arm to unlock value from surplus land

Vedanta Ltd is venturing into the real estate sector with the incorporation of its wholly-owned subsidiary, Vedanta Property Platforms Ltd (VPPL). This strategic move aims to unlock value from surplus land and non-core assets, potentially funding expansion in its core metals and energy businesses. VPPL will act as a dedicated…

The Economic Times

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Vedanta listing: How billionaire Anil Agarwal's 'Fantastic 5' unlocked Rs 63,500 crore value with mega demerger

Vedanta’s long-awaited demerger culminated with the listing of four newly spun-off businesses, triggering a sharp market re-rating and unlocking about Rs 63,500 crore in shareholder value. Since the demerger’s April 29 ex-date, investors have gained roughly 22.5%, with the combined market capitalization of the five standalone entities rising from Rs…

The Economic Times

Vedanta listing: Why its aluminium business is the undisputed crown jewel of the mega 4-way demerger

Four demerged entities of Anil Agarwal-led Vedanta Group are set to begin trading on Monday, with Vedanta Aluminium Metal Ltd (VAML) expected to emerge as the biggest winner. Analysts believe the pure-play aluminium business could see the strongest listing gains, backed by robust fundamentals and favourable industry dynamics.

The Economic Times

Vedanta says no penalty, restrictions imposed after ED searches

India's financial crime-fighting agency searched Vedanta group locations. The company stated no penalty or restriction has been imposed. Vedanta is cooperating with the foreign exchange law probe. Operations and financial activities remain unaffected. The searches were conducted in connection with a probe.

The Economic Times

Vedanta shares fall after media reports of ED searches at Mumbai, Delhi office

Vedanta shares dipped over 1% following reports of Enforcement Directorate searches at its offices concerning royalty payments to its parent company. This comes after a significant corporate restructuring involving the demerger of several business units. Despite recent rating upgrades, the stock remains under scrutiny.

The Economic Times

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Vedanta secures highest credit rating in over decade following ICRA Upgrade

Vedanta Group achieved its highest domestic credit rating in over a decade. ICRA upgraded key group entities, Vedanta Ltd and Vedanta Aluminium Metal Ltd, to AA+ with a stable outlook. This upgrade reflects strong operational performance and a robust financial profile. The rating signifies high safety for financial obligations and…

The Economic Times

ONGC yet to take control of Cambay Block as Vedanta challenges govt move

ONGC has not yet taken control of the Cambay basin block CB-OS-02. Vedanta is challenging the government's decision to reject the contract extension. The Delhi High Court has ordered parties to maintain the status quo. Vedanta continues to operate the block pending the court's decision. ONGC remains ready to assume…

The Economic Times

Vedanta arm Talwandi Sabo Power faces Rs 127 crore penalty

Vedanta's subsidiary, Talwandi Sabo Power Ltd, must pay approximately Rs 127 crore plus late payment surcharge to Punjab State Power Corporation Ltd. The Supreme Court upheld a penalty for misdeclaration of availability in January 2017. This power plant is crucial for Punjab's energy needs. The judgment restores an earlier order…

The Economic Times

Anil Agarwal’s plan to overhaul Vedanta gets cautious shareholder welcome

Shares of Anil Agarwal’s Vedanta Ltd rose Tuesday, the first trading day after the Indian tycoon announced an overhaul of his sprawling metals-to-oil empire, despite lingering concerns over the group’s multibillion dollar debt burden.

The Times of India

Chip maker Foxconn exits a semiconductor joint venture with Indian mining company Vedanta

Taiwan-based electronics giant Foxconn is backing out of a $19.5 billion semiconductor joint venture with Indian mining conglomerate Vedanta Ltd

The Independent UK

Vedanta says confident of meeting debt repayment liabilities

NEW DELHI: Billionaire Anil Agarwal's Vedanta Resources Ltd on Tuesday said it has enough means to meet debt repayment liabilities in the coming quarters as it looked to assuage investor concerns around its financial position.

The Times of India

Indian government opposes Vedanta move to sell zinc assets

NEW DELHI: In a setback to billionaire Anil Agarwal's mining group, the government has opposed Vedanta Ltd's proposal to sell its international zinc business to Hindustan Zinc Ltd for $2.98 billion over concerns of valuation.

The Times of India

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The Times of India

Billionaire Agarwal struggles to get backers for $19 billion chip unit

NEW DELHI: Billionaire Anil Agarwal is struggling to find financial backers for a planned semiconductor factory in India with an investment of as much as 1.54 trillion rupees ($18.6 billion), according to people familiar with the matter.

Reuters

Indian police charge 30 anti-Vedanta protesters over deadly 2018 demonstration

Indian federal police have charged 30 people with rioting and other offences after an environmental protest at Vedanta Ltd's copper mine in 2018 turned deadly, with police shooting dead 12 protesters.

The Times of India

Large dividend from India unit boosts Vedanta Resources' refinancing efforts: Moody's

NEW DELHI: A large dividend from its cash-rich India operating subsidiary has boosted billionaire Anil Agarwal-led Vedanta Resources Ltd's efforts to refinance debt, Moody's Investors Service said on Monday.

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