VDNRF - Vedanta Resources plc

Other OTC - Other OTC Delayed Price. Currency in USD
10.63
0.00 (0.00%)
As of 10:26AM EDT. Market open.
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Previous Close10.63
Open0.00
Bid0.00 x 0
Ask0.00 x 0
Day's Range0.00 - 0.00
52 Week Range
Volume0
Avg. Volume146
Market Cap3.053B
Beta (3Y Monthly)2.37
PE Ratio (TTM)12.84
EPS (TTM)0.83
Earnings DateN/A
Forward Dividend & Yield0.63 (5.95%)
Ex-Dividend Date2018-07-19
1y Target Est12.30
Trade prices are not sourced from all markets
  • Reuters3 days ago

    Vedanta sells copper concentrate from stockpiles at shuttered India smelter

    NEW DELHI/SHANGHAI, Nov 16 (Reuters) - India's Vedanta Ltd has been selling copper concentrate on the spot market from stockpiles at its Sterlite smelter, a company official said, after the facility was forced to stop operating earlier this year amid pollution concerns. The company has denied that the plant, India's second biggest copper smelter located in the port city of Thoothukudi, pollutes the area.

  • Reuters19 days ago

    Smelter closure, weak zinc ops depress Vedanta's profit

    The Indian unit of diversified mining group Vedanta Resources has been mired in disputes regarding its Tuticorin copper smelter in the southern state of Tamil Nadu after a protest to shut the plant on environmental concerns turned violent, killing 13 people. Vedanta said its net profit attributable for July-September totalled 13.43 billion rupees ($182 million).

  • Reuters2 months ago

    Vedanta shareholders back London delisting amid protest

    Shareholders in Vedanta Resources, the UK arm of Indian miner Vedanta, on Monday backed the delisting of the company from London, where the miner has faced protests and legal action. Volcan Investments, the family trust of Vedanta chairman and founder Anil Agarwal, announced a roughly $1 billion buyout offer for Vedanta Resources in July. On Monday, the cancellation of the listing was confirmed at a final London shareholders' meeting.

  • Vedanta shareholders back London delisting amid protest
    Reuters2 months ago

    Vedanta shareholders back London delisting amid protest

    Shareholders in Vedanta Resources, the UK arm of Indian miner Vedanta, on Monday backed the delisting of the company from London, where the miner has faced protests and legal action. Volcan Investments, the family trust of Vedanta chairman and founder Anil Agarwal, announced a roughly $1 billion buyout offer for Vedanta Resources in July. On Monday, the cancellation of the listing was confirmed at a final London shareholders' meeting.

  • Reuters2 months ago

    Vedanta to invest $4 billion in India block to boost output

    NEW DELHI/MUMBAI (Reuters) - India's Vedanta Ltd (VDAN.NS) is investing $4.1 billion to boost oil output from its flagship Barmer block in the desert state of Rajasthan to over 400,000 barrels per day (bpd) in 2021, its chairman Anil Agarwal said. Agarwal said oil output from the block would rise next year to more than 300,000 bpd from about 250,000 bpd currently. India, the world's third biggest oil importer, ships in 80 percent of its oil needs from overseas as its local output has stagnated for years.

  • Reuters2 months ago

    Zambia hikes mining taxes in 2019 budget to rein in debt

    Zambia will introduce new mining duties and increase royalties to help bring down mounting debt, the finance minister said on Friday, a move likely to draw opposition from mining firms. Miners such as First Quantum, Glencore and Vedanta Resources have often criticised the government over rising operating costs in Africa's No.2 copper producer. Finance Minister Margaret Mwanakatwe made the comments when announcing her 86.8 billion kwacha ($7.1 billion) budget to lawmakers as crowds gathered outside parliament to protest against what they said was corruption in government.

  • Reuters2 months ago

    UPDATE 2-Zambia hikes mining taxes in 2019 budget to rein in debt

    Zambia will introduce new mining duties and increase royalties to help bring down mounting debt, the finance minister said in a budget speech on Friday, as crowds outside protested about alleged government corruption. Delivering a 86.8 billion kwacha ($7.1 billion) budget in parliament, Margaret Mwanakatwe pledged to bring debt down and to trim the fiscal deficit to 6.5 percent of gross domestic product (GDP) in 2019 from 7.4 percent this year.

  • Reuters2 months ago

    ArcelorMittal ups bid for Essar Steel

    MUMBAI (Reuters) - Steel giant ArcelorMittal SA (MT.AS) has raised its bid for India's debt-laden Essar Steel in competition with Russia's VTB (VTBR.MM) and Vedanta Resources (VED.L). "The financial ...

  • Reuters2 months ago

    ArcelorMittal ups bid for Essar Steel

    Steel giant ArcelorMittal SA has raised its bid for India's debt-laden Essar Steel in competition with Russia's VTB and Vedanta Resources . "The financial terms of the proposal are confidential, but ...

  • The Wall Street Journal2 months ago

    [$$] Vedanta: Thanks for Playing

    The wheel has come full circle at Indian mining company Vedanta Resources. Fifteen years ago, it was the first Indian company to list on the London Stock Exchange. It was one of several mining companies from emerging markets which listed in London during the commodities boom, aiming to tap into the city’s deep capital wells.

  • Reuters3 months ago

    Anil Agarwal succeeds with Vedanta Resources buyout

    The Volcan Investments trust, which held about two thirds of Vedanta's London-listed arm before it announced a roughly $1 billion buyout offer in July, said holders of 26 percent of shares had agreed to sell. Volcan now holds or has received acceptances for 92.31 percent of Vedanta's shares, it said, adding the offer would remain open for acceptances from shareholders until further notice. Agarwal has said he wanted to buy out the London listing, which is dwarfed by Vedanta's Indian operation, to simplify the company's structure.

  • Reuters3 months ago

    Independent committee to decide fate of Vedanta copper smelter in India

    India's environment court said on Monday an independent judicial committee would decide in about six weeks whether to allow Vedanta Ltd to reopen its copper smelter, which was shut by the southern state of Tamil Nadu on environmental grounds. Tamil Nadu ordered the permanent closure of the plant and disconnected its power supply in May following protests that turned violent and culminated in the police opening fire on protesters, killing 13 of them. The company has denied that the plant, India's second biggest copper smelter located in the port city of Thoothukudi, pollutes the area.

  • Reuters3 months ago

    Vedanta's suspends operations at Zambian unit after worker killed in accident

    Vedanta Resources' Zambian unit said on Thursday work at its Konkola Copper Mine was stopped after one miner was killed in an underground accident to allow for investigations into the incident, the company said. Vedanta said in June it planned to double copper production at Konkola to 200,000 tonnes in 2019.

  • Reuters3 months ago

    Vedanta core profit rises as aluminium offsets copper weakness

    The London-listed company, which operates primarily in India and Africa, has been benefiting from a strong recovery in the prices of metals and oil and gas, and had posted a double-digit percentage growth in core earnings last year. The company had a core profit of $32 million from copper in the year-earlier quarter.

  • Goa to push central government to restart mining
    Reuters4 months ago

    Goa to push central government to restart mining

    Goa on Friday passed a resolution asking the state's chief minister to push the central government to amend laws to restart mining across the state, a state lawmaker said, months after the country's top court quashed mining permits. The resolution seeks to amend laws in Goa so that existing miners can continue to extract ore for about 20 years. Mining of low-quality iron ore came to a halt in March over allegations of illegal mining.

  • Reuters4 months ago

    Vedanta postpones quarterly results amid going-private offer process

    (Reuters) - Miner Vedanta Resources Plc (VED.L), which is set to be taken private by Chairman Anil Agarwal, postponed its quarterly production results to next Monday. Agarwal's family trust offered about ...

  • Reuters4 months ago

    Morning News Call - India, August 1

    To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_08012018.pdf If you would like to receive this newsletter via email, please register ...

  • India's Vedanta first-quarter profit misses estimates
    Reuters4 months ago

    India's Vedanta first-quarter profit misses estimates

    (Reuters) - Vedanta Ltd (VDAN.NS), the Indian unit of diversified mining group Vedanta Resources Plc (VED.L), missed analysts estimate for first-quarter profit, as closure of its copper smelter in South ...

  • Reuters4 months ago

    Vedanta chairman offers $1 billion to take miner private

    Volcan, which currently holds about 67 percent of Vedanta, offered $10.89 or 825 pence per share to buy the rest of the stake. The deal valuing Vedanta at $3.07 billion represents a premium of about 6 percent to the stock's Monday close. The offer price and dividend represent a total value of $11.30 per share.

  • Reuters4 months ago

    PRESS DIGEST- Financial Times - July 31

    Indian metals tycoon Anil Agarwal has been given extra time to buy the 33.5 percent of Vedanta Resources Plc he does not already own. The company said late on Monday that its independent directors, with the consent of the UK Takeover Panel, had agreed to extend the offer deadline until August 6 to "enable ongoing financing discussions" to be concluded. Spotify executive Troy Carter, who had been tasked with mending the relationship between the company and the music industry, is leaving the company.

  • Reuters4 months ago

    Anil Agarwal given more time to make firm offer for Vedanta Resources

    Billionaire Anil Agarwal has been given more time to make a firm offer or walk away from a deal to buy out minority shareholders in Vedanta Resources for 778 million pounds ($1 billion), the London-listed miner said on Monday. Agarwal's vehicle Volcan Investments had faced a deadline of 1700 London time (1600 GMT) to declare its intentions towards Vedanta but British regulator the Takeover Panel has granted an extension to Aug. 6 to facilitate financing talks between Volcan and its lenders over its all-cash bid, the miner said. It comes after Volcan said on July 2 that it planned to offer minority shareholders 825 pence a share to acquire the 33.5 percent of Vedanta that it does not already own and delist the group.