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Vedanta Group

Hindustan Zinc to invest up to $2 billion to double production capacity: CEO

Hindustan Zinc to invest up to $2 billion to double production capacity: CEO

Sun, Oct 27, 2024

Vedanta Group firm Hindustan Zinc plans to pump in up to $2 billion (around Rs 17,000 crore) to double its production capacity to 2 million tonnes in the next few years, its CEO Arun Misra said.

Vedanta Resources repays $869 million in October to redeem bonds due in 2027 and 2028

Vedanta Resources repays $869 million in October to redeem bonds due in 2027 and 2028

Thu, Oct 10, 2024

According to the company's various Singapore exchange filings, the payments were made in multiple phases during October.

Hindustan Zinc committed to partner with India's auto firms: CEO Arun Misra

Hindustan Zinc committed to partner with India's auto firms: CEO Arun Misra

Wed, Jul 03, 2024

Zinc's usage in the automotive sector, through galvanised steel, offers significant fuel and emission savings by providing high degree of corrosion resistance to lightweight steel bodies, ensuring durable, long-lasting vehicles with longer anti-perforation warranty against corrosion.

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Vedanta Group biggest wealth creator in FY25 so far; adds over Rs 2.2 lakh crore in market capitalisation

Vedanta Group biggest wealth creator in FY25 so far; adds over Rs 2.2 lakh crore in market capitalisation

Thu, Jun 20, 2024

Share prices of Vedanta and Hindustan Zinc have doubled from their 52-week lows, backed by multiple positives, including the proposed demerger, the management's consistent focus on deleveraging, and significant improvement in earnings, as per stock exchange data.

Vedanta's arm Western Cluster Limited to invest $2 billion in Liberia's mining sector

Vedanta's arm Western Cluster Limited to invest $2 billion in Liberia's mining sector

Fri, Jun 14, 2024

"We are on course for an investment of up to US$ 2 billion in WCL and aim to act as a catalyst to unlock Liberia's economic potential and empower local communities through expansion of operation, thereby, generating numerous employment opportunities," the company said in a press release.

Hindustan Zinc Q4 Results: Net profit drops 21% to Rs 2,038 crore

Hindustan Zinc Q4 Results: Net profit drops 21% to Rs 2,038 crore

Fri, Apr 19, 2024

Hindustan Zinc Q4 Results: Vedanta group firm Hindustan Zinc Ltd (HZL) said its consolidated net profit declined 21 per cent to Rs 2,038 crore for the quarter ended March 31, 2024, mainly on account of lower zinc price.

Gujarat SemiconIndia 2023, Gandhinagar: Vedanta's Anil Agrawal Says ' This Is The Era of Youth'

Gujarat SemiconIndia 2023, Gandhinagar: Vedanta's Anil Agrawal Says ' This Is The Era of Youth'

Fri, Jul 28, 2023

SemiconIndia 2023 conference is going on in Gandhinagar, Gujarat, inaugurated by PM Narendra Modi, companies from all over the world are involved, see what Vedanta Chairman Anil Agarwal said on this occasion…

Foxconn dumps $19.5 billion Vedanta chip plan in blow to India

Foxconn dumps $19.5 billion Vedanta chip plan in blow to India

Tue, Jul 11, 2023

Taiwan's Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, it said on Monday, in a setback to Prime Minister Narendra Modi's chipmaking plans for India.

Vedanta Group to acquire semiconductor business from sister concern Twin Star

Vedanta Group to acquire semiconductor business from sister concern Twin Star

Sat, Jul 08, 2023

Anil Agarwal-led Vedanta Group will acquire 100 per cent stake in semiconductor and display units from sister concern Twin Star Technologies, the conglomerate said.

Vedanta chief Agarwal makes 'zero debt' pledge, says 'very comfortable' servicing debt

Vedanta chief Agarwal makes 'zero debt' pledge, says 'very comfortable' servicing debt

Sat, May 27, 2023

Vedanta has now reduced debt by a total of USD 3 billion since it announced in February 2022 its intention to accelerate deleveraging. It had announced plans to reduce debt by USD 4 billion within 3 years, of which it has achieved 75 per cent of the committed reduction in 14 months.

Vedanta says talks of stake sale "untrue and baseless"

Vedanta says talks of stake sale "untrue and baseless"

Thu, Mar 23, 2023

Vedanta Resources had earlier said that it has enough means to meet debt repayment liabilities in the coming quarters as it looked to assuage investor concerns around its financial position.

Vedanta inks pacts with 30 Japanese firms to develop Indian semiconductor manufacturing ecosystem

Vedanta inks pacts with 30 Japanese firms to develop Indian semiconductor manufacturing ecosystem

Tue, Dec 13, 2022

The pacts were signed at the Vedanta-Avanstrate Business Partners Summit 2022 held last week at Tokyo, Japan. The summit was attended by more than 200 delegates from over 100 global companies.

Hindustan Zinc Q1 result: Net profit rises 56% on account of higher metal prices; stock jumps 1.5%

Hindustan Zinc Q1 result: Net profit rises 56% on account of higher metal prices; stock jumps 1.5%

Thu, Jul 21, 2022

Hindustan Zinc Ltd (HZL) on Thursday reported a 55.9 per cent rise in consolidated net profit at Rs 3,092 in the June quarter, mainly on the back of higher metal prices.

BPCL privatisation may be pushed to next fiscal; no bidder approaches company in Q3, says official

BPCL privatisation may be pushed to next fiscal; no bidder approaches company in Q3, says official

Wed, Feb 02, 2022

BPCL privatisation may have been put back to the following fiscal year as no bidder visited the firm's premises in the previous quarter, PTI reported quoting a company official.

Hindustan Zinc board approves interim dividend of Rs 18 per share for 2021-22

Hindustan Zinc board approves interim dividend of Rs 18 per share for 2021-22

Tue, Dec 07, 2021

Hindustan Zinc on Tuesday said its board has approved an interim dividend of Rs 18 per equity share for 2021-22, amounting to Rs 7,605.57 crore.

Vedanta promoters pledge shares to raise Rs 6,000 crore

Vedanta promoters pledge shares to raise Rs 6,000 crore

Fri, Nov 26, 2021

Holding companies of Vedanta Ltd have raised USD 800 million (about Rs 6,000 crore) by pledging shares in the company, according to a stock exchange filing.

Vedanta's Sesa Goa iron ore business pledges to become carbon neutral by 2050

Vedanta's Sesa Goa iron ore business pledges to become carbon neutral by 2050

Fri, Nov 26, 2021

In line with the country's larger vision of net zero carbon economy, Vedanta on Friday said its Sesa Goa iron ore business is looking to achieve carbon net neutrality by 2050.

Spinoff of key businesses not to impact credit quality of Vedanta Resources: Report

Spinoff of key businesses not to impact credit quality of Vedanta Resources: Report

Mon, Nov 22, 2021

Mumbai-listed Vedanta Ltd's proposal to spin off key businesses into separate listed companies is unlikely to affect the credit quality of the firm's parent Vedanta Resources Ltd, Moody's Investors Service said Monday.

Vedanta mulls group restructuring; separate listing of businesses

Vedanta mulls group restructuring; separate listing of businesses

Wed, Nov 17, 2021

Billionaire Anil Agarwal's Vedanta Ltd on Wednesday said it is mulling a group restructuring that may include demerger and listing of the aluminium, iron & steel, and oil and gas businesses as standalone entities.

Sterlite moves HC for reopening its copper unit in Tamil Nadu

Sterlite moves HC for reopening its copper unit in Tamil Nadu

Thu, Feb 28, 2019

Filing a petition in line with the Supreme Court's recent suggestion, it challenged the May 23, 2018 orders of the Tamil Nadu Pollution Control Board (TNPCB) refusing renewal of consent to the plant as well as permanent closure, terming them as wholly illegal, unconstitutional and ultra vires.

Exclusive: In conversation with Anil Agarwal, CEO, Vedanta Group

Exclusive: In conversation with Anil Agarwal, CEO, Vedanta Group

Sat, Jan 05, 2019

In this segment of Zee Business watch an exclusive interview of Anil Agarwal, CEO, Vedanta Group. Watch the video to know more.

Tamil Nadu moves SC challenging NGT order for reopening of Vedanta's plant

Tamil Nadu moves SC challenging NGT order for reopening of Vedanta's plant

Wed, Jan 02, 2019

Seeking ex parte stay of the operation of NGT`s December 15, 2018 order, the state government has contended that the green tribunal has failed to consider the "data, document and evidence furnished by TNPCBA to prove that the operation of the plant had" irreversibly polluted the ground water in and around Thoothukudi district".

I want to bring a scheme to serve 5 crore children who don’t have access to nutritional food, basic education & healthcare facilities: Anil Agarwal, Vedanta

I want to bring a scheme to serve 5 crore children who don’t have access to nutritional food, basic education & healthcare facilities: Anil Agarwal, Vedanta

Tue, Jan 01, 2019

Anil Agarwal, Chairman, Vedanta Group, speaks about his expectations from 2019, his expectations from the government, plans related to investment and expansion and area about which he is passionate and wants to work for it during an interview with Swati Khandelwal, Zee Business.

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