Tag Archives: Vedanta Resources

Vedanta Resources net debt up 15%; inter-company loan at $1.8 billion

LONDON: Battling slump in commodity prices, Vedanta Resources reported a 15 per cent rise in its net debt at $8.6 billion on a sequential basis in December quarter, while the miner’s inter-company loan stood at $1.8 billion. The London-listed firm, … Continue reading

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Vedanta merger: Cairn calls shareholders’ meeting on September 12

NEW DELHI: Cairn India has called a shareholders’ meeting on September 12 to seek approval for the company’s takeover by its parent Vedanta Ltd under a revised all-share deal. In a bid to salvage the merger of cash-rich oil firm … Continue reading

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Government must realise making money is no sin: Vedanta Chairman

NEW DELHI: Vedanta group Chairman Anil Agarwal says the government should give more priority to ensuring policy and regulatory certainty. He tells media that the government should open up mining faster and make PSUs autonomous. Edited excerpts: There was a … Continue reading

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Vedanta sells copper concentrate from stockpiles at shuttered India smelter

NEW DELHI/SHANGHAI: India’s Vedanta Ltd has been selling copper concentrate on the spot market from stockpiles at its Sterlite smelter, a company official said, after the facility was forced to stop operating earlier this year amid pollution concerns. The company … Continue reading

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Copper production dips 47%, imports surge 233%

(This story originally appeared in on Aug 30, 2018) The closure of Sterlite’s copper smelter in Tuticorin has resulted in a steep fall in refined copper production in the country during the first quarter (Q1) of 2018-19 (FY19). Production slumped … Continue reading

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Vedanta will abide by law of land, says Anil Agarwal

KOLKATA: Global metals magnate Anil Agarwal, who is the chairman of Vedanta Resources, on Thursday said that his group is strictly following the laws of the land, and that the local coastal community is a valuable stakeholder for the sustainability … Continue reading

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Vedanta plans to strengthen operations in India, Africa

MUMBAI: Srinivasan Venkatakrishnan, the new CEO at Vedanta Resources Plc, would seek to strengthen operations in India and Africa to help the mining and metals conglomerate overcome existing challenges and build a platform that can underpin sustainable value creation. In … Continue reading

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Vedanta declared preferred bidder for two copper blocks in Maharashtra

KOLKATA: Vedanta Ltd has qualified as a preferred bidder for two copper blocks in Maharashtra. The company informed the exchanges on Tuesday that it has been declared as preferred bidder for these copper blocks namely Thanewasna and Dubarpeth in Chandrapur … Continue reading

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Vedanta Limited emerges highest bidder for the Jamkhani coal block in auction

Kolkata: Vedanta Limited has emerged as the highest bidder for the Jamkhani coal block in Sundargarh district, Odisha, in the tenth lot of the captive coal block auction conducted by coal ministry. The coal block is located close to the … Continue reading

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Government approves allocation of 5 coal blocks, to generate Rs 17,136 crore revenue

New Delhi: The Centre on Thursday approved allocation of five coal blocks, including two to Birla Corporation and one to Vedanta, and said the mines will generate a revenue of Rs 17,136 crore for the government. For the first time, … Continue reading

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