|Bid||722.80 x 22400|
|Ask||724.60 x 40000|
|Day's Range||722.60 - 741.80|
|52 Week Range||558.50 - 981.80|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 23, 2018|
|Forward Dividend & Yield||0.45 (6.00%)|
|1y Target Est||12.51|
(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 ...
(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 ...
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.
Indian billionaire Anil Agarwal’s Vedanta Resources Plc named AngloGold Ashanti Ltd.’s Srinivasan Venkatakrishnan as its new chief executive officer as the diversified miner ended a year-long search for ...
Vedanta Resources , the oil-to-aluminium group controlled by Indian tycoon Anil Agarwal , has ended its year-long search for a chief executive, naming the head of AngloGold Ashanti as its new boss. The ...
Zinc prices are expected remain buoyant in the coming years after reaching their highest levels in a decade because of a shortfall caused by years of underinvestment, the founder and chairman of Vedanta Resources said on Wednesday. A rally in zinc prices to their highest since 2007 has helped to boost the overall profits of Vedanta, which has zinc projects in India, South Africa and Namibia. Vedanta Chairman Anil Agarwal said that demand for zinc and prices of the metal would remain high because there were only three major producers in the world.
Billionaire Anil Agarwal-controlled Vedanta said on Tuesday its application for renewal of consent to operate the plant, one of India's biggest, was rejected by the state pollution control board. People in Thootukudi have been protesting against the proposed expansion of the smelter, thronging the streets and shutting shops to press their demand for closure of the plant. Vedanta says the protests are based on "false allegations" and it has been providing "regular information through various media on the truth".
Vedanta Resources Plc (VED.L) said on Tuesday its application for renewal of consent to operate its copper smelting plant, one of India's biggest, in the South Indian town of Thootukudi was rejected by the state pollution regulator. The rejection comes amid almost daily protests against a proposed expansion of the smelter by the people of Thootukudi, who have thronged the streets and shut shops demanding a closure of the plant. The Tamil Nadu Pollution Control Board was not immediately available for a comment.
Vedanta Resources (VED.L), controlled by billionaire Anil Agarwal, and other miners can transport already mined iron ore from Goa on which royalties have been paid, India's top court ruled on Wednesday, providing relief to the state's miners. India's Supreme Court in February quashed all iron ore mining permits in the southwestern state of Goa, one of the top producing states for the steel making raw material.
ArcelorMittal SA, Vedanta Resources and a group comprising Russia's VTB and top Indian steelmaker JSW Steel have bid for bankrupt steelmaker Essar Steel India, the companies said, after a deadline for bids on Monday. Essar Steel is among a dozen of India's biggest debt defaulters that were pushed into the bankruptcy court last year after a central bank order aimed at clearing record bad loans at the country's banks. A previous round of bids for Essar Steel, which faces nearly $8 billion in claims from its creditors, had attracted interest from ArcelorMittal and a VTB-led group.
Vedanta Ltd (VDAN.NS), the Indian unit of diversified mining group Vedanta Resources plc (VED.L), said on Saturday it had won in an auction to acquire bankrupt Electrosteel Steels Ltd (ELES.NS). The transaction, financial details of which were not disclosed, is part of India's new bankruptcy law, which is aimed at cutting close to $150 billion of accumulated soured loans by pushing loan defaulter firms into insolvency. Electrosteel Steels, which is setting up a 2.5 million tonnes a year steel plant in eastern India, is among India's 12 biggest loan defaulters which were pushed to bankruptcy proceedings last year.
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In February, the Supreme Court quashed all iron ore mining permits and mining was ordered stopped from March 16 in Goa, one of the country's top producing states for the material used in steel. Billionaire Anil Agarwal's Vedanta Resources, the state's biggest ore miner, said there could be a likely impairment of $500-600 million net of taxes, or $700-$800 million gross of taxes, on this account. Court action against illegal mining shut the Goa industry for more than two years from 2012, prior to which Goa had exported about 50 million tonnes a year.
The news of the maintenance activity, which Vedanta said was earlier scheduled for April, comes amid local media reports that thousands had taken to the streets and shut shops in Thootukudi to protest against the expansion of the smelter. The refining and copper rod manufacturing operations would continue as usual at the smelter, Vedanta said in a statement. The copper smelter, run by Vedanta's Sterlite Copper unit, is one of the India's biggest and has been a target of protesters, who call it a major source of pollution and a risk to fisheries.
VANCOUVER/LUSAKA (Reuters) - First Quantum Minerals said on Tuesday that Zambia's tax agency had slapped it with 76.5 billion Zambian kwacha (£5.7 billion) bill for unpaid import duties, a potentially huge blow for the Canadian miner that earns most its profit in the southern African country. First Quantum, which owns two copper mines in Zambia and has a market value of $11 billion, denied it owed the funds. The tax assessment would be a "new significant risk for the company", Jefferies analyst Christopher LaFemina said in a client note, as almost half of First Quantum's estimated value and around 80 percent of its estimated pre-tax earnings in 2018, come from its Zambian copper assets.
VANCOUVER/LUSAKA, March 20 (Reuters) - First Quantum Minerals said on Tuesday that Zambia's tax agency had slapped it with 76.5 billion Zambian kwacha ($8.04 billion) bill for unpaid import duties, a potentially huge blow for the Canadian miner that earns most its profit in the southern African country. First Quantum, which owns two copper mines in Zambia and has a market value of $11 billion, denied it owed the funds. The tax assessment would be a "new significant risk for the company", Jefferies analyst Christopher LaFemina said in a client note, as almost half of First Quantum's estimated value and around 80 percent of its estimated pre-tax earnings in 2018, come from its Zambian copper assets.
Zambia expects to produce more than one million tonnes of copper this year after revising its 2017 copper production upwards on the back of stabe power supply, a senior ministry of mines official said on Tuesday. Rising copper prices were also expected to boost revenue collection in Africa's No.2 producer of the metal, which ranks exports of the metal as its biggest export. Ministry of Mines Permanent Secretary Paul Chanda said the copper production figure was revised upwards to 800,000 tonnes from 786,731 tonnes announced by the central bank last month.
A favourable economic condition has been a large driver of growth for companies in the materials industry. Therefore, this industry is a macroeconomic play with the opportunity of riding theRead More...
Vedanta Ltd. rallied after India’s biggest base metals producer announced a record dividend worth $1.2 billion, potentially helping its London-listed parent pare debt.
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. In the past 10 years Vedanta Resources plc (LSE:VED) hasRead More...
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(Reuters) - Vedanta Ltd, the Indian unit of diversified miner Vedanta Resources Plc, reported an about 4 percent fall in third-quarter profit on Wednesday, missing analysts' estimates. Profit came in at ...
LUSAKA (Reuters) - A London court has ordered Zambia Vedanta (VED.L) unit KCM to pay a state mining company $139 million (£102.6 million) in a claim related to the copper price, raising by $36 million ...
The oil price recovery and strong economic momentum have benefited the materials sector with companies involved in steel, chemicals and mining. Hence an eye toward macroeconomic factors, such as demandRead More...