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Vedanta Resources

Big block deal in Vedanta, target to reduce debt to Rs 25000 crore in next 3 years

Big block deal in Vedanta, target to reduce debt to Rs 25000 crore in next 3 years

Wed, Jun 26, 2024

A big block deal has been done in Vedanta. Vedanta Resources holds 61.95% stake in the company. Total 61.95% stake through 6 subsidiaries. Target to reduce debt to Rs 25000 crore in next 3 years. Know complete details from Ashish Chaturvedi.

Why Vedanta Ltd shares will be on radar today

Why Vedanta Ltd shares will be on radar today

Sun, Mar 03, 2024

"Deleveraging is our priority. We would be deleveraging the debt of Vedanta Resources by USD 3 billion over the next three years. Vedanta Ltd's cash flow pre-growth capex is estimated to be USD 3.5-4 billion for the financial year 2025, sufficient for secured debt maturities of USD 1.5 billion," said Navin Agarwal, Vice Chairman, Vedanta Ltd and member of Promoter Group, at a recently concluded analysts' meet, according to analysts who attended the meeting.

Vedanta stock gets boost after S&P upgrades rating of Vedanta Resources

Vedanta stock gets boost after S&P upgrades rating of Vedanta Resources

Tue, Jan 16, 2024

S&P said that the company's rating has been upgraded due to strong possibility of loan repayment in 12-15 months.

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Vedanta says in talks with Indian government over clean coal

Vedanta says in talks with Indian government over clean coal

Fri, Feb 10, 2017

The companies have an interest in developing affordable clean coal not just because they mine the fuel but because global warming adds to the industry`s many challenges.

Vedanta Resources pays nearly Rs 13,306 crore in royalties, taxes to India in FY16

Vedanta Resources pays nearly Rs 13,306 crore in royalties, taxes to India in FY16

Mon, Oct 03, 2016

Mining giant Vedanta Resources has paid more than $2 billion (nearly Rs 13,305.5 crore) in taxes, royalties, licence fees and other payments to India in the last financial year ended March 2016.

Vedanta Resources aims to close merger with Cairn India in early 2017

Vedanta Resources aims to close merger with Cairn India in early 2017

Sat, Aug 06, 2016

The deal, which will give Vedanta access to oil and gas explorer Cairn India`s $3.5 billion cash pile, has faced opposition from some big minority shareholders, including British-based Cairn Energy, but Albanese said he did not foresee obstacles.

Watch top 5 stories of this night; From Vedanta's revision of merger terms with Cairn India to rail commuters to get Rs 10 lakh insurance at Re 1

Watch top 5 stories of this night; From Vedanta's revision of merger terms with Cairn India to rail commuters to get Rs 10 lakh insurance at Re 1

Fri, Jul 22, 2016

Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five stories of this night: 1. Vedanta revises terms for merger with Cairn India

Cairn Energy seeks nearly $6 billion compensation from Indian govt

Cairn Energy seeks nearly $6 billion compensation from Indian govt

Tue, Jul 12, 2016

British explorer Cairn Energy has sought $5.6 billion in compensation from the Indian government for raising a retrospective tax demand of Rs 29,047 crore on 10-year old internal reorganisation of its India unit.

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