Vedanta’s $12-billion tag means BPCL’s each share at Rs 400-410

The active futures contract, which derives its value from the underlying share, rose one percent to Rs 400.25 as its open interest declined marginally by 2%, implying short covering.

published on : 15th January 2022

Vedanta Group to spend $12 billion to buy state-owned BPCL

Vedanta Group on Thursday informed that it is willing to spend $12 billion to acquire India’s state-owned refiner Bharat Petroleum Corporation Limited.

published on : 14th January 2022

Vedanta Resources arm Fujairah Gold FZC to make foray into clean energy

The UAE-based company, led by Chairman and MD Agnivesh Agarwal, is exploring opportunities in clean energy in line with parent Vedanta Group's mission to achieve net zero by 2050 or sooner.

published on : 5th January 2022

Vedanta buys nickel maker Nicomet

Natural resources conglomerate Vedanta on Monday informed that it has acquired Nicomet, a leading nickel and cobalt producer based in Goa.

published on : 21st December 2021

Orissa HC spanner on Vedanta smelter expansion plan

Vedanta Limited plans to expand its annual production capacity from 16 lakh MT to 18 lakh MT and captive power plant (CPP) capacity to 1,215 megawatt.

published on : 21st December 2021

Vedanta promoters pledge shares to raise Rs 6,000 crore

Promoter group firms pledged 242.26 crore or 65.18 per cent shareholding in Vedanta Ltd in three facility agreements to raise the money, a Vedanta Ltd's filing showed.

published on : 26th November 2021

Cairn, Halliburton tie up to tap more reserves from offshore assets

As per Cairn, the partnership for offshore assets will evolve through three distinct stages of conceptual design, conceptual detailing, and execution.

published on : 17th November 2021

Vedanta sees multifold jump in Q2 net profit to Rs 4,615 crore

Vedanta Ltd on Friday reported a multifold jump in consolidated net profit to Rs 4,615 crore for the quarter ended September 30, 2021.

published on : 29th October 2021

OERC largesse to Vedanta may cost Odisha dearly

It allowed 2nd unit of Vedanta’s Jharsuguda power plant to operate as CGP against its current status of an independent power plant  

published on : 27th October 2021

Gridco in eye of storm over power trading deal with Vedanta Resources

Vedanta which has a 1.6 MTPA aluminium smelting plant and 3,615 MW thermal power generation facility sourced electricity at the cheapest price when the same was being traded at over Rs 13 per unit.

published on : 14th October 2021

Vedanta says decision to delist American depositary shares from NYSE aimed at simplification

The Vedanta share is extremely liquid on Indian bourses with high daily volumes and provides both efficient price discovery and ample buy-sell opportunity to investors, including global ones, it said.

published on : 24th September 2021

Videocon insolvency: Lenders make U-turn, want fresh bids

Twin-Star Technologies had offered Rs 2,962 crore to takeover Videocon Industries, which was 4.15 per cent of the admitted claims of Rs 64,838.63 crore of lenders.

published on : 20th September 2021

Vedanta Resources reduces net debt by USD 300 million in first half of FY '22

The company said that it believes that strong operational performance from its world-class asset base will strengthen its balance sheet and lead to investment-grade credit metrics.

published on : 13th September 2021

Visakhapatnam Port Trust set to double cargo handling capacity

According to port chairman K Ramamohana Rao,  the port achieved nine per cent growth in cargo operations till August this year compared to previous year despite the pandemic.

published on : 13th September 2021

PM Modi releases special commemorative coin on ISKCON founder's 125th birth anniversary

Speaking on the occasion through video-conferencing, Modi lauded the religious organisation for its work and services and said that it has played the role of a brand ambassador of Indian traditions.

published on : 1st September 2021
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