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13 Nov 2022

Vedanta-Foxconn to set up downstream in Maharashtra, bigger than Gujarat

Vedanta-Foxconn signed an MoU with the Gujarat government to set up a semiconductor unit. Vedanta-Foxconn would invest Rs 1,54,000 crore to set up the facility in Gujarat. Rs 94,000 crore will go into setting up the display manufacturing unit, while Rs 60,000 crore will be invested in the semiconductor facility.

31 Jul 2018

Agarwal makes firm offer to delist Vedanta from London Stock Exchange

In addition, the shareholders will be entitled to receive the dividend of USD 0.41 per share in respect of the 12 months ended March 31, 2018.

25 May 2018

Committed to environment, welfare of people in Tuticorin: Vedanta Chairman

Vedanta has often been accused of making a mockery of environmental laws. The latest fire that Anil Agarwal is attempting to fight is raging in Tamil Nadu's Tuticorin district.

24 May 2018

Deadly protests land a blow to Indian resources magnate Agarwal's ambitions

Agarwal, who holds a 71.4 percent stake in Vedanta, told the Financial Times in an interview published on Wednesday that he plans to step back from running the company.

29 Mar 2018

Vedanta hit by up to $600 million charge for Goa iron ore unit closure

The latest ban would affect not only Vedanta but also several small unlisted companies run by local families.

13 Feb 2018

ArcelorMittal, Russia's VTB Group bid for Essar Steel

Founded by Shashi and Ravi Ruia, Essar Steel was referred to the National Company Law Tribunal last year after accumulating nearly Rs 50,000 crore in debts.

Vedanta Resources

01 Sep 2017

Vedanta to invest Rs 50,000 crore on India biz expansion: Agarwal

He further said that this decade will belong to India and it is the best time to invest here.

31 Aug 2017

Vedanta chairman wants govt to lessen approvals for businesses

The government needs to improve business climate further, encourage self certification and trust entrepreneurs for promoting new businesses, NRI billionaire Anil Agarwal said on Thursday.

Vedanta Resources

20 Feb 2017

Vedanta Group Q3 EBIDTA jumps 79% to $882 mn

Vedanta Resources Group's operating profit almost doubled to USD 882.3 million for the quarter ended December, while revenue rose 26 percent to USD 3.06 billion on the back of higher production volumes mainly zinc.

Vedanta Resources

25 Jan 2017

Vedanta Resources mops up $1 bn in bond sale at 6.375% coupon

London-based energy major Vedanta Resources, which owns a clutch of operating companies in the country today raised USD 1 billion through an 5-year bond sale to overseas investors at a fixed coupon of 6.375 percent.

Vedanta Resources

20 Dec 2016

Vedanta Resources slapped with $100 million settlement in UK court

Indian mining giant Vedanta Resources has been ordered by London High Court to pay over USD 100 million to a Zambian investment company related to a 2013 copper price agreement, the state-owned firm claimed today.

British oil explorer

19 Oct 2016

Retrospective tax demand: Govt seeks putting Cairn arbitration on hold

Government has sought putting on hold the arbitration initiated by British oil explorer Cairn Energy against a Rs 29,047 crore retrospective tax demand and instead wants a parallel arbitration initiated by Vedanta Resources to be taken up first.

Vedanta Resources

02 Oct 2016

Vedanta pays over Rs 13,300 crore in royalties, taxes to India in FY16

Mining giant Vedanta Resources has paid more than USD 2 billion (over Rs 13,300 crore) in taxes, royalties, licence fees and other payments to India in the last financial year ended March 2016.

Vedanta Resources

06 Sep 2016

Tasmania offers incentives to Vedanta to resume copper mining

Mumbai: Tasmania has offered a financial package of 25 million Australian dollar (ASD) to Vedanta Resources for restarting a copper mine by 2017, the Australian state's premier, Will Hodgman said.

Vedanta Resources

06 Sep 2016

Vedanta Resources shareholders approve Cairn India merger

Mining conglomerate Vedanta Resources Tuesday said its shareholders have approved the merger of group firms Vedanta Ltd and Cairn India.

22 Jul 2016

Vedanta sweetens Cairn merger deal, offers 3 additional preference shares

Unable to quickly absorb its cash-rich oil subsidiary Cairn India, mining billionaire Anil Agarwal's Vedanta Ltd on Friday sweetened the merger deal by offering three additional preference shares.

Vedanta Resources CEO

12 May 2016

Vedanta Resources loss narrows to $3.5 billion in FY16

The mining giant led by billionaire Anil Agrawal had posted net loss of USD 3.8 billion in 2014-15, it said in a regulatory filing.

Vedanta Resources

01 Apr 2016

Vedanta Resources to buy-back bonds worth up to $349 million

Mining conglomerate Vedanta Resources today said it will buy-back bonds worth USD 348.6 million (about Rs 2,314 crore).

26 Mar 2016

India's aluminium consumption to rise to 20 million tonnes: Anil Agarwal

Describing aluminium as the future, Vedanta Resources Chairman Anil Agarwal today said the consumption of the metal will rise to 20 million tonnes (MT) from the present 2 MT going ahead.

13 Mar 2016

Filed suit against govt to expedite pricing case: Anil Agarwal

Lamenting that decision making in India could have been quicker, mining baron Anil Agarwal has said his company Cairn India filed a suit against government to "help" latter decide on price and tenure of Rajasthan oilfield faster.

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