Vedanta to pay Rs 3,324 cr in dividend for FY25

Dec 17, 2024, at 05:58 pm

Mumbai: Mining major Vedanta Ltd announced on Monday that its board has approved a fourth interim dividend of Rs 8.5 per equity share for FY25, amounting to Rs 3,324 crore, media reports said.

Mining major Vedanta Ltd returns back to profit, reports Rs 4,352 cr profit in Q2FY25

Nov 09, 2024, at 01:15 am

Mumbai: Vedanta Ltd, led by billionaire Anil Agarwal, posted a net profit of Rs 4,352 crore for the September quarter, contrasting with a loss of Rs 1,783 crore in the same period last year, largely due to lower taxes.

Vedanta shares surge 3% to hit record high, up 100% in CY24

Sep 27, 2024, at 06:50 pm

Mumbai/IBNS: Shares of mining giant Vedanta continued their impressive rally on Friday (Sept. 27), marking gains for the fifth consecutive trading session.

Hindustan Zinc planning dividend payout of Rs 8,000 cr

Aug 16, 2024, at 07:37 am

Mumbai: Vedanta group firm Hindustan Zinc Ltd (HZL) is reportedly planning a special dividend payout of Rs 8,000 crore to its shareholders in the current fiscal, media reports said.

Vedanta gets approval of its 75% secured creditors for demerger

Jul 31, 2024, at 04:20 am

Mumbai: Mining conglomerate Vedanta announced that 75 percent of its secured creditors have approved its proposed demerger of businesses, a major milestone in the company's strategy to separate into six independent listed entities.

Vedanta Ltd raises Rs 8,500 cr through QIP at Rs 440 per share

Jul 20, 2024, at 06:03 am

Mumbai: Vedanta Limited announced on Friday that it raised Rs 8,500 crore through a Qualified Institutions Placement (QIP), which launched on July 15, at a price of Rs 440 per share, media reported.

Vedanta Limited to use Rs 8,000-crore QIP to repay Oaktree Capital, Deutsche Bank, Union Bank debts

Jul 16, 2024, at 11:15 pm

Mumbai: Vedanta Limited plans to use the proceeds from its Rs 8,000-crore Qualified Institutional Placement (QIP) offer to partially or fully repay its debt to Oaktree Capital, Deutsche Bank, and Union Bank of India, according to the offer documents filed by billionaire Anil Agarwal’s company, media reported.

Vedanta announces demerger into six separate entities EBITDA target of $10 billion

Jul 11, 2024, at 11:09 pm

New Delhi: In a major move poised to redefine its market presence and shareholder engagement, Vedanta Ltd. announced the demerger of its conglomerate into six separate entities at its 59th Annual General Meeting on Thursday.

Vedanta to invest $20 billion in India over next 4 yrs: Report

May 02, 2024, at 06:56 am

Vedanta's Chairman, Anil Agarwal, announced on Wednesday that the company plans to invest $20 billion in India across its various businesses within the next four years, media reports said.

Vedanta debt to be divided among demerged firms in ratio of assets

Apr 03, 2024, at 05:39 am

Mumbai: Mining conglomerate Vedanta Ltd is on track for the demerger of its key businesses, including aluminium, into separate listed companies and allocation of debt across the demerged entities would be done in proportion to their assets, sources familiar with the matter said.

Vedanta announces demerger of business into 6 entities

Sep 30, 2023, at 04:39 am

New Delhi / London: Vedanta Ltd on Friday announced its plan to demerge its business units into independent “pure play” companies to unlock value and attract big-ticket investment into the expansion and growth of each of the businesses.

Vedanta regains ownership & control of Zambia's Konkola Copper Mines

Sep 06, 2023, at 07:27 am

Mumbai: Vedanta Resources Limited has got back the ownership and operational control of Konkola Copper Mines (KCM) from the Zambian government.

Vedanta Ltd adds semiconductors and display glass ventures to its portfolio

Jul 08, 2023, at 02:02 am

New Delhi: Natural resources and technology conglomerate Vedanta Limited Friday announced the addition of semiconductors and display glass manufacturing ventures to its diversified portfolio.

Gujarat: Vedanta-Foxconn's chip plant creates one lakh jobs

Sep 13, 2022, at 09:18 pm

New Delhi/IBNS: The Rs 1.54 lakh crore Vedanta-Foxconn semiconductor plant in Gujarat will reduce electronics imports and provide one lakh direct skilled jobs, Vedanta Chairman Anil Agarwal said Tuesday.

Vedanta exports first shipment of iron after resuming operations in Goa

Oct 20, 2015, at 02:58 am

Delhi/ Karnataka/Goa, Oct 19 (IBNS): Vedanta’s Iron Ore division shipped on Monday said it has first cargo of iron ore today after resuming mining operations at its Codli, Bicholim and Surla mines in Goa. The first shipment of 88000 tonnes is exported to China via the vessel "Ao Hong Ma".

Vedanta dedicates 4000 Anganwadi in collaboration with MWCD

Sep 23, 2015, at 10:30 pm

Mumbai, Sept 23 (IBNS): The Ministry for Women and Child Development (WCD) has signed a Memorandum of Understanding (MoU) with Vedanta in a corporate partnership, to develop and modernize 4,000 Anganwadis across the country.