Sun, Nov 10, 2024
Debt at Vedanta Resources - the parent firm of the Mumbai-listed mining conglomerate Vedanta Ltd - has been cut by $4.7 billion in two years as financial discipline helped deleverage the group, its chairman Anil Agarwal said.
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Wed, Sep 11, 2024
The proposed demerger will create independent companies housing aluminium, oil and gas, power, steel and ferrous materials, and base metals businesses.
Wed, May 01, 2024
The investments will be focused on technology, electronics, and glass businesses apart from the other activities that the group is engaged in, Agarwal told reporters here.
Thu, Apr 18, 2024
Chairman, Anil Aggarwal told big plans regarding the growth of Vedanta, share has increased by 44% in the last one month, giving the complete news - Ashish..
Tue, Oct 03, 2023
Want to give different value of each company to the investors... Company has a plan ready to repay the debt: Anil Aggarwal, Chairman, Vedanta
Sat, Sep 30, 2023
S&P Global Ratings on Friday cut the rating of billionaire Anil Agarwal's Vedanta Resources Ltd rating to 'CCC' from 'B-' and placed it under "creditwatch with negative implications".
Wed, Sep 13, 2023
Vedanta Zambia latest news: Anil Agarwal said the Konkola Copper Mines, which returned to his London-based firm Vedanta Resources last week, can be moved to the group's India-listed firm Vedanta Ltd "at the right valuation" on Tuesday.
The Zambian government, which owns a 20 per cent stake in KCM, will allow Vedanta to resume control and operate KCM's mines and smelter after the company renewed a pledge to invest more than USD 1.2 billion to increase output and repay outstanding debts.
Mon, Aug 28, 2023
Vedanta shares registered strong gains on Monday, halting a two-day losing streak. Here's what's driving the mining major's stock.
Fri, Aug 25, 2023
Mining magnate Anil Agarwal has said his group's flagship firm Vedanta Ltd is considering demerger and separately listing all or some businesses like aluminum, iron and steel, and oil and gas to unlock shareholder value.
Fri, Jul 28, 2023
Vedanta group chairman Anil Agarwal on Friday said that first phase of its semiconductor project will involve USD 5 billion investment of the overall USD 20-billion outlay, and the venture will be ready with made-in-India chip in two and a half years.
Tue, Jul 25, 2023
Anil Agarwal mentioned that his first successful business venture came up in his 40s after a series of rejections of his ideas. Sharing his own experiences Agarwal advised the youth how to deal with pressure from society and the failures.
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.
Sat, May 06, 2023
In a Facebook post, Agarwal said that Jaiswal's life story is close to his heart, as the batsman, through his hard work and dedication, has shown that anything is achievable.
Tue, May 02, 2023
Billionaire Anil Agarwal's Vedanta Resources Ltd on Thursday said capital is necessary for growth and nation-building and companies borrow keeping in view growth prospects and ability to repay.
Thu, Apr 27, 2023
Earlier this week, Vedanta Resources Ltd, the parent company of Mumbai-listed mining giant Vedanta Ltd, said it has paid all its maturing loans and bonds due in this month to reduce its gross debt by a further USD 1 billion.
Tue, Apr 04, 2023
The metal heavyweight’s high refined metal production rose 7 per cent to 10.32 lakh tonnes in the last fiscal. The company had produced 9.67 lakh tonnes of saleable metals, which include refined zinc, refined lead and silver integrated, in 2021-22, it said through a regulatory filing.
Mon, Mar 06, 2023
Vedanta Group urged govt to sell its 29 per cent stake in Hindustan Zinc, as they had agreed to sell a 100 per cent stake 20 years ago. Meanwhile, Agarwal said that every decision will be in the favour of our shareholders. Currently, the company has no delisting plans.
What is the future plan of Vedanta Group? What is the complete plan for loan repayment? Watch Anil Singhvi's exclusive interview with Anil Agarwal, Chairman, Vedanta.
The comments by Vedanta Resources chairman assume significance as it comes in the backdrop of S&P Global Ratings stating that the company's credit ratings may 'come under pressure' if it is unable to raise USD 2 billion and/or sell its international zinc assets.
Fri, Mar 03, 2023
Wed, Mar 01, 2023
Vedanta share price today: The stock of the mining major made a comeback on Wednesday after days of heavy selling, after its Chairman, Anil Agarwal, assured investors that the company has enough means to meet debt repayment liabilities in the coming quarters.
Thu, Jan 19, 2023
Amidst the concerns of recession in the world, there are many expectations from India, will start the work of installing semiconductors soon: Anil Agarwal, Chairman, Vedanta Limited. Watch Swati Khandelwal's exclusive conversation with Anil Agarwal, Chairman, Vedanta Limited from Davos.
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