VED.L - Vedanta Resources plc

LSE - LSE Delayed Price. Currency in GBp
746.80
-97.20 (-11.52%)
At close: 4:35PM BST
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Previous Close844.00
Open865.60
Bid710.00 x 22400
Ask810.00 x 40000
Day's Range740.60 - 865.60
52 Week Range558.50 - 981.80
Volume2,170,221
Avg. Volume807,874
Market Cap2.089B
Beta2.29
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.45 (6.01%)
Ex-Dividend Date2017-11-23
1y Target EstN/A
  • Thomson Reuters StreetEvents3 hours ago

    Edited Transcript of VED.L earnings conference call or presentation 23-May-18 8:00am GMT

    Full Year 2018 Vedanta Resources PLC Earnings Call

  • Madras High Court halts expansion of Vedanta's copper smelter after protest killings
    Reuters5 hours ago

    Madras High Court halts expansion of Vedanta's copper smelter after protest killings

    THOOTHUKUDI/MUMBAI India (Reuters) - One person died and others were wounded by gunfire in Tamil Nadu on Wednesday in fresh violence related to protesters' demands that a copper smelter be shut on environmental grounds. As the struggle continued on the streets of the port city of Thoothukudi, located at the tip of the subcontinent in Tamil Nadu, an Indian court ordered a halt, at least for a few months, to plans to double the size of the plant. The Vedanta Resources-run smelter is already one of the two biggest in the country.

  • Reuters5 hours ago

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

    Indian billionaire Anil Agarwal often talks about his dream to turn his London-listed company Vedanta Resources into a global resources giant. The struggle with opponents took a particularly ugly turn on Tuesday when police opened fire on protesters seeking to shut down Vedanta's copper smelter in the southern Indian port city of Thoothukudi, killing 10.

  • Reuters6 hours ago

    UK's Vedanta core profit, revenue beat; says working to restart Indian plant

    A rebound in metals prices has prompted the miner, controlled by billionaire Chairman Anil Agarwal, to expand production of zinc and aluminum, enabling continued recovery after being particularly hard-hit by a commodities slump. Agarwal said Vedanta remained well-positioned to capitalize on India's growing resources demand. "I look forward to another strong year for the company," Agarwal said in a statement.

  • India court halts expansion of Vedanta's copper smelter after protest killings
    Reuters6 hours ago

    India court halts expansion of Vedanta's copper smelter after protest killings

    THOOTHUKUDI/MUMBAI India (Reuters) - One person died and others were wounded by gunfire in southern India on Wednesday in fresh violence related to protesters' demands that a copper smelter be shut on environmental grounds. As the struggle continued on the streets of the port city of Thoothukudi, located at the tip of the subcontinent in Tamil Nadu state, an Indian court ordered a halt, at least for a few months, to plans to double the size of the plant. The Vedanta Resources-run smelter is already one of the two biggest in the country.

  • Financial Times12 hours ago

    [$$] Vedanta shares sink after protestors killed in India

    Vedanta Resources was one of the worst performers in London on Wednesday after at least nine people were killed outside one of its Indian copper smelters. Demonstrations outside the 400,000-tonne-a-year plant in the southern state of Tamil Nadu have been going on for months but took a deadly turn overnight when police fired on protesters who want the smelter, which they claim is a major source of pollution, closed while Vedanta is trying to push through a plan to double capacity to 800,000 tonnes a year. Vedanta, which is controlled by Indian metals tycoon Anil Agarwal, said on Wednesday that it had been told by the Madras High Court to halt work on the expansion project pending a public hearing.

  • UK's Vedanta core profit, revenue beat; says working to restart Tamil Nadu plant
    Reuters14 hours ago

    UK's Vedanta core profit, revenue beat; says working to restart Tamil Nadu plant

    A rebound in metals prices has prompted the miner, controlled by billionaire Chairman Anil Agarwal, to expand production of zinc and aluminium, enabling continued recovery after being particularly hard-hit by a commodities slump. Agarwal said Vedanta remained well-positioned to capitalise on India's growing resources demand. "I look forward to another strong year for the company," Agarwal said in a statement.

  • Financial Times14 hours ago

    [$$] Vedanta Resources wary of cost pressures despite profit rise

    , the oil-to-aluminium conglomerate controlled by Indian tycoon Anil Agarwal, flagged rising cost pressures as it reported an increase in annual profits on the back of higher commodity prices. “Alongside improving prices we have experienced inflationary headwinds for input commodities,” said Vedanta’s acting chief executive Kuldip Kaura in a statement.

  • Financial Times17 hours ago

    [$$] Vedanta shares tumble after protesters killed

    At least 11 people were killed, and scores injured, on Tuesday when Indian police in the southern state of Tamil Nadu shot into the crowd of protesters, objecting to the planned expansion of the Tuticorin smelter and demanding its permanent closure.

  • Financial Times18 hours ago

    [$$] Indian metals tycoon Agarwal to step back from running Vedanta

    Billionaire Indian metals tycoon Anil Agarwal is planning to step back from running Vedanta Resources, the oil-to-aluminium conglomerate. During his interview with the Financial Times, Mr Agarwal said the appointment of Srinivasan Venkatakrishnan as its new chief executive would give him space to focus on his charitable interests, which include helping underprivileged women and children.

  • Reutersyesterday

    At least nine dead after police fire on protesters at Indian copper smelter

    At least nine people were killed in India's Tamil Nadu state on Tuesday when police fired at violent protesters calling for the closure of a copper smelter run by Vedanta Resources, authorities said. The state's chief minister, Edappadi K. Palaniswami, said police had been forced to act after the protests turned violent, and that nine people had been killed. The head of the national opposition Congress party, Rahul Gandhi, condemned the use of lethal force, calling it "a brutal example of state-sponsored terrorism".

  • Reutersyesterday

    At least nine dead after police fire on protesters at Indian copper smelter

    At least nine people were killed in India's Tamil Nadu state on Tuesday when police fired at violent protesters calling for the closure of a copper smelter run by Vedanta Resources, authorities said. The state's chief minister, Edappadi K. Palaniswami, said police had been forced to act after the protests turned violent, and that nine people had been killed. The head of the national opposition Congress party, Rahul Gandhi, condemned the use of lethal force, calling it "a brutal example of state-sponsored terrorism".

  • Reuters3 days ago

    Morning News Call - India, May 21

    To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_05212018.pdf If you would like to receive this newsletter via email, please register ...

  • Reuters5 days ago

    Vedanta says Indian copper smelter shutdown causing deficit, price rise

    Vedanta Resources Plc's shutdown of its South Indian copper smelter, one of India's biggest, is causing a copper deficit and increased prices in India, its subsidiary Vedanta Ltd said on Friday. The smelter, located in a sleepy port city near the tip of the Indian peninsula, has a share of about 35 percent in the India's primary copper market and exports mainly to Gulf and Asian countries, Vedanta said.

  • Reuters6 days ago

    Vedanta's Indian copper smelter to remain shut until at least June 6

    Vedanta Resources Plc's Thootukudi copper smelter, one of India's biggest, will remain shut until at least June 6, a lawyer petitioning against the plant reopening said on Thursday. The Tamil Nadu Pollution Control Board has adjourned a hearing to grant Vedanta a renewal of consent to operate the smelter until that date, said V Ramasubbu, a local lawyer who filed the petition because of environmental concerns. Benchmark three-month copper contract on the London Metal Exchange rose to as much as $6,900 per tonne but pared its gains to trade at $6,870.50 at 1017 GMT.

  • Financial Times9 days ago

    [$$] Miner Vedanta appoints South African Naidoo to lead African operations

    Indian miner Vedanta Resources has appointed South African-born Deshnee Naidoo to lead its African operations. Ms Naidoo will oversee the company’s copper and zinc mines in Zambia, South Africa, Namibia ...

  • Reuters14 days ago

    Vedanta's Konkola Copper Mines disputes $18 mln Zambia tax bill - industry source

    Vedanta Resources' Zambia unit, Konkola Copper Mines (KCM), is disputing a bill of almost $18 million slapped on it by tax authorities after an audit, an industry source familiar with the matter, told Reuters on Wednesday. Zambia's revenue authority concluded audits of mining companies that prompted it to hit Canadian miner First Quantum Minerals with a tax bill of $8 billion.

  • Reuters14 days ago

    Vedanta's Konkola Copper Mines disputes $18 mln Zambia tax bill - industry source

    Vedanta Resources' Zambia unit, Konkola Copper Mines (KCM), is disputing a bill of almost $18 million slapped on it by tax authorities after an audit, an industry source familiar with the matter, told Reuters on Wednesday. Zambia's revenue authority concluded audits of mining companies that prompted it to hit Canadian miner First Quantum Minerals with a tax bill of $8 billion.

  • Reuters16 days ago

    Zambia concludes mine tax audits after slapping huge bill on First Quantum

    Zambia concluded audits of mining companies that prompted the nation to slap Canadian miner First Quantum Minerals with a tax bill of over 76.5 billion Zambian kwacha ($8 billion), its revenue authority said on Monday. First Quantum, which owns two copper mines in Zambia, said in March that Zambia's tax agency had demanded the taxes, saying they were on import duties, penalties and interest on consumables and spare parts. There are dozens of mining companies operating in Zambia, mainly extracting copper.

  • Vedanta fourth-quarter profit climbs 81 percent
    Reuters20 days ago

    Vedanta fourth-quarter profit climbs 81 percent

    (Reuters) - Vedanta Ltd, the Indian unit of diversified mining group Vedanta Resources Plc, posted an 81 percent surge in quarterly profit on Thursday, helped by higher volumes and favourable commodity ...

  • Vedanta considers building zinc smelter in South Africa
    Reuters21 days ago

    Vedanta considers building zinc smelter in South Africa

    Zinc prices have rallied to their highest since 2007, boosting overall profits of Vedanta, which has zinc projects in India, South Africa and Namibia. The company could invest between $700 million and $800 million at the Gamsberg refinery, Vedanta Zinc International said http://bit.ly/2Kxxt14. The first phase of the smelter-refinery complex is expected to have a capacity of 250,000 tonnes per year of finished zinc metal, matching Gamsberg's expected annual output by early 2019.

  • Reuters23 days ago

    Vedanta chairman told Anglo not to sell South African assets

    The chairman of Vedanta Resources Plc, who is also Anglo American's biggest shareholder, said on Monday he had convinced Anglo not to sell off key assets in South Africa. Indian industrialist Anil Agarwal has an almost 20 percent stake in Anglo through his family trust Volcan Investments and has played down speculation that he is seeking a tie-up with Anglo. "I always believed that South Africa has a lot of potential, and Anglo management may not have always believed that ... and they wanted to sell some assets," he said.

  • Reuterslast month

    Sensex ends higher on gains in metals

    (Reuters) - Indian shares ended higher on Thursday on gains in metal stocks as global aluminium prices soared, while the country's biggest software services exporter Tata Consultancy Services Ltd rose ...

  • Reuterslast month

    Vedanta gets regulatory nod for Electrosteel takeover

    (Reuters) - Vedanta Ltd (VDAN.NS) said on Tuesday it got approval from India's designated court for bankruptcy cases to acquire Electrosteel Steels Ltd (ELES.NS). Electrosteel is the first to get approval ...

  • Reuterslast month

    Vedanta names South African miner AngloGold Ashanti's CEO to top job

    Venkatakrishnan, who worked with AngloGold for 18 years and led it for five, will succeed interim CEO Kuldip Kaura, in the top job effective Aug. 31, Vedanta said. Under Venkatakrishnan's leadership, AngloGold beat or met market expectation for five years with all in-sustaining-costs falling 16 percent and production rising 26 percent, the company said.