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Vedanta acquires Goa-based nickel, cobalt producer Nicomet

Vedanta acquires Goa-based nickel, cobalt producer Nicomet

🕔21:25, 20.Dec 2021

New Delhi, Dec 20 (IANS) Mining major Vedanta on Monday acquired Nicomet, a nickel and cobalt producer based out of Goa. The move is in line with Vedanta’s mission towards making India self-reliant in key critical minerals. Vedanta said that with

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Major Restructuring: Vedanta to split business into 3 listed entities

Major Restructuring: Vedanta to split business into 3 listed entities

🕔07:10, 18.Nov 2021

Mumbai, Nov 18 (IANS) Billionaire Anil Agarwal’s Vedanta Ltd proposes major restructuring of its corporate structure that may include demerger and listing of the aluminium, iron and steel, and oil and gas businesses as standalone entities. Under the proposed scheme of

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Brand ‘Cairn’ is now exclusively owned by Vedanta

Brand ‘Cairn’ is now exclusively owned by Vedanta

🕔05:31, 6.Nov 2021

New Delhi, Nov 6 (IANS) Vedanta Ltd (Cairn Oil & Gas business) has reiterated that it is a separate entity with no connection to Cairn Energy PLC. Cairn Energy PLC, the Scottish oil and gas exploration company, that is also commonly

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Vedanta cuts $800 debt in FY22, gets pledge on shares released

Vedanta cuts $800 debt in FY22, gets pledge on shares released

🕔16:45, 13.Sep 2021

New Delhi, Sep 13  As part of its efforts to strengthen its balance sheet and investment grade credit metrics, metal and mining major Vedanta Resources Limited (VRL) has embarked on a major drive to reduce its debt and release its

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Vedanta’s social initiatives benefitted 4.2 crore people in 2020-21

Vedanta’s social initiatives benefitted 4.2 crore people in 2020-21

🕔18:46, 3.Sep 2021

New Delhi, Sep 3  Vedanta Ltd, one of the world’s largest natural resources companies, has positively impacted the lives of 4.23 crore people across the country through its various social development initiatives, the company announced in its maiden Social Impact-CSR

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Domestic gas producers allowed to sell 10% output on exchanges

Domestic gas producers allowed to sell 10% output on exchanges

🕔22:11, 26.Aug 2021

New Delhi, Aug 26 (IANS) In yet another reform initiative, the government has now allowed domestic gas producers such as ONGC, OIL, Reliance, and Vedanta to sell a small quantity of their produce, through gas exchanges, for better price discovery. As

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Global energy giants may join BPCL privatisation race

Global energy giants may join BPCL privatisation race

🕔20:24, 26.Aug 2021

New Delhi, Aug 26 (IANS) Global oil companies are likely to partner with major investment funds which already have submitted Expressions of Interest (EoI) for the state-run BPCL. Along with Anil Agarwal-led Vedanta, Apollo Global Management, and Think Gas (promoted by

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Vedanta starts winding-off operations at oxygen plant

Vedanta starts winding-off operations at oxygen plant

🕔07:35, 31.Jul 2021

Chennai, July 31  Vedanta Ltd on Friday said its oxygen plant at its copper smelting unit, Sterlite Copper, in Tamil Nadu’s Thoothukodi will start winding-off of operations. According to Vedanta, the start of winding-off operations on Friday is done to

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Vedanta to invest Rs 6.6K cr on Balco expansion

Vedanta to invest Rs 6.6K cr on Balco expansion

🕔18:37, 27.Jul 2021

New Delhi, July 27  Oil and gas and metals company Vedanta plans major expansion at Bharat Aluminium Company’s (Balco) smelter capacity which will involve an investment of Rs 6,611 crore over the next 18-24 months. This would be first major

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Vedanta’s consolidated Q1FY22 net profit zooms to Rs 4,280 cr

Vedanta’s consolidated Q1FY22 net profit zooms to Rs 4,280 cr

🕔05:19, 27.Jul 2021

New Delhi, July 27  Natural resources company Vedanta’s consolidated net profit for the quarter ended June 30 of the current financial year (2021-22) rose exponentially on a year-on-year basis. The consolidated net profit after taxes, non-controlling interests and share in

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Vedanta enhances Covid relief measures for employees

Vedanta enhances Covid relief measures for employees

🕔09:18, 15.Jun 2021

New Delhi, June 15  Leading oil & gas and metals company Vedanta has enhanced the Covid relief measures for its employees. Accordingly, it will provide salary and other benefits to the families of the deceased employees till their notional retirement

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Vedanta to launch green cover initiative to mark Environment Day

Vedanta to launch green cover initiative to mark Environment Day

🕔08:03, 5.Jun 2021

Mumbai, June 5  Oil & gas and metals company Vedanta will launch a mega green cover initiative to commemorate World Environment Day on Saturday. As part of the Vedanta Cares Green Cover initiative, which will be virtually inaugurated by Vedanta

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Vedanta comes to the rescue of Covid patients with field hospitals

Vedanta comes to the rescue of Covid patients with field hospitals

🕔20:17, 3.Jun 2021

Chandigarh, June 3  Amid Covid patients struggling for hospitals and many others succumbing to the deadly virus as they couldn’t afford to buy the life-saving drugs and oxygen from the black market, a ray of hope has come from Vedanta

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Vedanta commissions 400 cylinders/day O2 bottling plant

Vedanta commissions 400 cylinders/day O2 bottling plant

🕔11:41, 3.Jun 2021

Chennai, June 3  Vedanta Ltd on Thursday said it has commissioned an oxygen cylinder bottling plant at its copper smelter plant Sterlite Copper in Thoothukudi in Tamil Nadu. According to Vedanta, the Rs 11 crore plant has a capacity to

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Vedanta to set up 2 Covid hospitals in Karnataka soon

Vedanta to set up 2 Covid hospitals in Karnataka soon

🕔07:49, 7.May 2021

Bengaluru, May 7  Leading mining firm Vedanta on Thursday said it would set up two 100-bed hospitals for treating Covid patients at Karnataka’s Chitradurga and Hubballi. “The field hospitals in both towns will be equipped with critical care facilities, including

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Vedanta signs MoU with research institutes for value-creation from bauxite residue

Vedanta signs MoU with research institutes for value-creation from bauxite residue

🕔13:03, 12.Apr 2021

New Delhi, April 12 Vedanta, India’s largest producer of aluminium and its value-added products, has signed a memorandum of understanding (MoU) for value-creation from bauxite residue (red mud), which is a by-product generated during processing of bauxite into alumina using the

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SC won’t recall order refusing Vedanta plea to reopen Sterlite plant

SC won’t recall order refusing Vedanta plea to reopen Sterlite plant

🕔20:20, 22.Jan 2021

New Delhi, Jan 22  The Supreme Court on Friday declined to entertain a plea by Vedanta seeking recall of its December 2 order, where it had declined to entertain an interim plea by the mining major to inspect and operate

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Vedanta bid for BPCL surprises analysts

Vedanta bid for BPCL surprises analysts

🕔20:08, 19.Nov 2020

New Delhi, Nov 19  Analysts are surprised at the Vedanta bid for BPCL and are posing the question as to how will Vedanta finance the acquisition given its own worries on leverage. “While we are surprised by Vedanta Limited’s confirmation

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Vedanta submits preliminary EoI for BPCL, terms bid as ‘exploratory’

Vedanta submits preliminary EoI for BPCL, terms bid as ‘exploratory’

🕔20:02, 18.Nov 2020

New Delhi, Nov 18  Anil Agarwal-led Vedanta has said that it has submitted an expression of interest (EoI) for the privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) and termed the bid as “exploratory” in nature. Vedanta is among the three to

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Vedanta Ltd’s Q1 consolidated net profit down 23.5%

Vedanta Ltd’s Q1 consolidated net profit down 23.5%

🕔07:07, 5.Oct 2020

Mumbai, Oct 5  Anil Agarwal-led natural resources company Vedanta Ltd has reported a 23.5 per cent drop in its consolidated net profit for the quarter ended June of the current financial year (2020-21). Its consolidated net profit during the April-June

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