Vedanta Resources to buy back bonds worth $500 million
Metals and mining conglomerate Vedanta Resources will repurchase in cash bonds worth USD 500 million (about Rs 3,300 crore) out of its outstanding USD 1.13 billion convertible bonds due in July this year.
Jan 13, 2016, 19:02 PM IST
'Vedanta not considering sweetening Cairn merger offer'
With minority shareholders of Cairn India said to be against the merger of the company with parent Vedanta Ltd, Vedanta Group Chairman Anil Agarwal Thursday hoped he wouldn't have to sweeten the merger offer.
Nov 19, 2015, 21:08 PM IST
Vedanta Resources net loss widens in H1 FY'16; halts dividend
Vedanta Resources Wednesday reported widening of its net loss to USD 324.5 million in the first half of the current fiscal as the mining conglomerate faced challenging commodities market.
Nov 04, 2015, 18:38 PM IST
Cairn-Vedanta merger to take place in June 2016, says Group firm
Mining baron Anil Agarwal-led Vedanta Resources Wednesday said the merger of its subsidiaries Vedanta Ltd and cash-rich Cairn India will happen in June quarter of 2016 as against the first quarter stated previously.
Nov 04, 2015, 18:34 PM IST
Vedanta Group has cut nearly 4,000 jobs in India since January
Metals and mining conglomerate Vedanta Resources, which has a sizable presence in India in oil and gas, aluminium, iron ore and zinc sectors, has slashed nearly 4,000 direct and indirect jobs in the country since January this year.
Sep 23, 2015, 18:55 PM IST
Vedanta Aluminium goes on workforce reduction, cost cuts
Mining giant Vedanta Resources has resorted to "aggressive cost reduction" and "workforce reduction" in its aluminium segment amid subdued and volatile market conditions globally.
Sep 10, 2015, 22:06 PM IST
Vedanta Resources Q1 operating profit falls 38% to $644.6 mn
Vedanta Resources on Friday reported 38 percent decline in operating profit to USD 644.6 million (about Rs 4,135 crore) for the quarter ended June 2015 as the mining conglomerate faced a volatile commodity market that impacted metal prices.
Jul 31, 2015, 20:34 PM IST
Vedanta Aluminium plans restructuring; stops ramp ups at plant
Mining conglomerate Vedanta Resources on Friday said it is planning to restructure high-cost operations in aluminium segment and has suspended ramp-up at its plant due to volatile commodity market.
Jul 31, 2015, 17:57 PM IST
Imports, falling aluminium prices may lead to job cuts: Vedanta
Hit by cheap imports and falling prices of aluminium in the global market, domestic industry will be forced to take "drastic steps" like job cuts and production cap, Vedanta Aluminium said Tuesday.
Jul 21, 2015, 21:55 PM IST
Merger to strengthen financial performance of Vedanta Resources: S&P
The proposed merger of two Vedanta Resources firms, Cairn India with Vedanta Ltd, will improve the financial performance of the group company, global agency Standard & Poor's (S&P) said.
Jun 15, 2015, 22:22 PM IST
Vedanta's Cairn India impairment credit negative: Moody's
Ratings agency Moody's Monday said metals and mining major Vedanta Resources' over Rs 19,000 crore impairment in Cairn India is credit negative as it implies a longer pay back period.
May 04, 2015, 18:33 PM IST
Sesa Sterlite renamed as Vedanta Ltd
Metals and mining conglomerate Sesa Sterlite today said it has changed its name to Vedanta Ltd to better align with its international identity - Vedanta Resources.
Apr 22, 2015, 14:44 PM IST
Sesa Sterlite may be renamed Vedanta Ltd
Aimed at leveraging the "Vedanta" brand, metals and mining conglomerate Vedanta Resources plans to rechristen its subsidiary Sesa Sterlite Ltd as Vedanta Ltd.
Feb 20, 2015, 18:00 PM IST
Moody's revises Vedanta's outlook to negative
Global rating agency Moody's Monday revised mining major Vedanta's credit outlook to "negative" from "stable" citing adverse impact of weak commodity prices as a major factor for the downward revision.
Jan 19, 2015, 23:29 PM IST
Hindustan Zinc Q3 net profit up 38% at Rs 2,379 crore
Hindustan Zinc Monday clocked a 38 percent rise in net profit in the October-December quarter at Rs 2,379 crore on higher zinc, lead and silver sales.
Jan 19, 2015, 19:11 PM IST
Vedanta chief Agarwal expects to buy HZL, BALCO stakes soon
Banking on Modi government's determination to go ahead with disinvestment drive, Vedanta Resources chief Anil Agarwal said the company expects to pick up residual stakes in Hindustan Zinc and BALCO at "market driven value" soon.
Jan 14, 2015, 17:03 PM IST
Boost iron ore output to propel India's growth: Anil Agarwal
ndia needs to boost iron ore output and invest in developing natural resources to propel its economic growth and eradicate poverty, Vedanta Resources Chief Anil Agarwal said.
Jan 12, 2015, 18:01 PM IST
Vedanta to invest $6 billion in India in 2-3 years
Metals and mining conglomerate Vedanta Resources wants to make fresh investments of over USD 6 billion in India in two-three years and USD 30 billion over a period of time if the investment climate in the country remains positive, its chief Anil Agarwal said on Friday.
Jan 09, 2015, 12:08 PM IST
Vedanta to complete Gamsberg zinc project phase 1 by 2017-18
As the global zinc market faces capacity constraints, Vedanta Resources has set a deadline of 2017-18 for completing the first phase of its Gamsberg project with USD 630 million investment.
Dec 14, 2014, 11:39 AM IST
South Africa in talks with Vedanta for power plant JV
South Africa has initiated talks with Vedanta Resources for setting up a power plant jointly with a state-run firm, though it is yet to decide if majority stake would be given to the Anil Agarwal-led firm.
Dec 11, 2014, 18:24 PM IST
