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Vedanta Resources

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.

S&P Global Ratings raises long-term issuer credit rating on Vedanta Resources

S&P Global Ratings raises long-term issuer credit rating on Vedanta Resources

Mon, Jan 15, 2024

On January 12, S&P Global Ratings downgraded debt-laden Vedanta Resources Ltd to 'selective default' after the mining conglomerate concluded a deal with creditors to extend the maturities of its three dollar bonds.

Vedanta slips nearly 3% after Moody's downgrades its parent company's rating

Vedanta slips nearly 3% after Moody's downgrades its parent company's rating

Wed, Jan 10, 2024

Moody's Investors Service on Tuesday said it has downgraded its rating on the senior unsecured bonds issued by Vedanta Resources to Ca from Caa3. The brokerage has also downgraded the rating for the Corporate Family Rating (CFR) of Vedanta Resources to Caa3 from Caa2.

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Vedanta shares rise higher after bond restructuring plan approval and increased aluminium production in Q3

Vedanta shares rise higher after bond restructuring plan approval and increased aluminium production in Q3

Thu, Jan 04, 2024

In an important update on Wednesday, the company said that more than 95 per cent bondholders of Vedanta Resources, the parent company of Vedanta Ltd, had approved the plan of bond restructuring.

Capital is necessary for growth and nation-building, says Vedanta Resources

Capital is necessary for growth and nation-building, says Vedanta Resources

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.

Q4 Update: Vedanta posts muted aluminium and refined metal production in March quarter

Q4 Update: Vedanta posts muted aluminium and refined metal production in March quarter

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.

Exclusive: Vedanta has enough cash flow to prepay debts, says chairman Anil Agarwal

Exclusive: Vedanta has enough cash flow to prepay debts, says chairman Anil Agarwal

Mon, Mar 06, 2023

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.

Capital is necessary for growth, says Vedanta Resources

Capital is necessary for growth, says Vedanta Resources

Thu, Mar 02, 2023

Earlier this week, the firm, which is the majority owner of Mumbai-listed mining and oil and gas company Vedanta Ltd, had said it is in the advanced stage of finalisation to tie up USD 1.75 billion through a combination of syndicate loan and bilateral bank facilities.

Vedanta Resources Prepays Loans, Plans To Raise Up To $1 Billion

Vedanta Resources Prepays Loans, Plans To Raise Up To $1 Billion

Wed, Mar 01, 2023

Mining major Vedanta Resources Limited (Vedanta) on Tuesday said it has pre-paid all of its maturities due till March 2023 and has deleveraged by $2 billion in the past 11 months.

Vedanta Resources' liquidity hinges on fund-raising: S&P

Vedanta Resources' liquidity hinges on fund-raising: S&P

Thu, Feb 09, 2023

Debt repayments during this period include USD 300 million of inter-company loans and USD 350 million to two relationship banks.

Anil Agarwal says production at Vedanta-Foxconn semiconductor plant to start in 2.5 years of groundbreaking

Anil Agarwal says production at Vedanta-Foxconn semiconductor plant to start in 2.5 years of groundbreaking

Sun, Nov 13, 2022

Vedanta-Foxconn would invest Rs 1,54,000 crore to set up the facility in Gujarat, which would create one lakh job opportunities, Chief Minister Bhupendra Patel had said after the MoU was signed.

Vedanta Share: Check what Market Guru Anil Singhvi suggested amid spectacular valuations

Vedanta Share: Check what Market Guru Anil Singhvi suggested amid spectacular valuations

Thu, Apr 08, 2021

As the open offer of Vedanta ended yesterday, market guru and Zee Business Managing Editor Anil Singhvi urges investors to hold the stock amid the splendid valuation of the company and predicts it would certainly rise going forward.

Vedanta Open Offer closes today; know why investors sentiment was dull

Vedanta Open Offer closes today; know why investors sentiment was dull

Wed, Apr 07, 2021

While explaining the reasons behind the stale responses of the investors towards open offer of Vedanta that ends today, Zee Business Research Analyst Ashish Chaturvedi says, the diversified nature of the company brings value to the stock and makes it lucrative.

Vedanta Resources chairman Anil Agarwal to take miner private on this date

Vedanta Resources chairman Anil Agarwal to take miner private on this date

Mon, Sep 03, 2018

Vedanta Resources Plc Chairman Anil Agarwal will take the London-listed miner private on Oct. 1, after the holders of 26 percent of shares agreed to sell to his family trust Volcan Investments.

Vedanta Chairman Anil Agarwal offers $1 billion to take miner private

Vedanta Chairman Anil Agarwal offers $1 billion to take miner private

Tue, Jul 31, 2018

Vedanta Resources Plc Chairman Anil Agarwal`s family trust on Tuesday offered about $1 billion in cash to take the London-listed miner private

Avatar' tribe poses second challenge to Vedanta after protests

Wed, Jun 13, 2018

After Tamil Nadu shut a copper smelter run by Vedanta Resources following deadly protests, the company faces another challenge 1,000 miles away, where axe-toting tribesmen and environmentalists have joined forces to demand the closure of an alumina refinery.

On NPAs' crisis, Vedanta chief Anil Agarwal says 'there will be no shortage of money for good work'

On NPAs' crisis, Vedanta chief Anil Agarwal says 'there will be no shortage of money for good work'

Mon, Apr 16, 2018

"I am an ordinary person, who has been laden with ample amount of money, that to in a foreign land. In recent past (on a Friday), I decided to bid for the Essar Steel but needed to have a commitment of Rs 35-40,000 crore in the bank. To try my luck, I just gave a phone call and Rs 60,000 crores was available in my account," said Anil Agarwal, the founder and Chairman of Vedanta Resources Plc.

Vedanta chief Anil Agarwal: Infrastructural reforms will help in creating jobs

Vedanta chief Anil Agarwal: Infrastructural reforms will help in creating jobs

Fri, Apr 13, 2018

Anil Agarwal, the founder and Chairman of Vedanta Resources Plc, said, "God helps those who help themselves. Problems are just a state of mind. I will just say that don't indulge yourself in any illegal work as it may bring a host of troubles on you. Besides, I would like to request youths that they should not hunt for a job but try to create the same. You will have to do some extraordinary work if you really want to succeed."

Vedanta's application to renew copper smelter operations in Tamil Nadu rejected

Vedanta's application to renew copper smelter operations in Tamil Nadu rejected

Tue, Apr 10, 2018

The rejection comes amid almost daily protests by the people of Thootukudi against Vedanta`s plans to increase the capacity of the smelter, one of India`s largest, to 800,000 tonnes per year. Vedanta said the application was rejected for want of more clarifications and that it was evaluating further course of action.

Hindustan Zinc special dividend credit positive for Vedanta Resources: Moody's

Hindustan Zinc special dividend credit positive for Vedanta Resources: Moody's

Sat, Mar 25, 2017

Once complete, Vedanta Ltd will have access to Cairn India's large cash balance of USD 3.6 billion and its future cash flow.

Vedanta to invest $10 billion on expanding business

Vedanta to invest $10 billion on expanding business

Sun, Feb 19, 2017

"We have the potential to spend $10 billion over a period of five years; we are looking at 3,50,000 barrel of oil... To have 100,000 barrel equivalent to gas. We are looking to integrate 3 million tonnes capacity for the aluminium," the mining baron told PTI in a telephonic interview.

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.

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