|Bid||805.60 x 22400|
|Ask||805.80 x 40000|
|Day's Range||797.60 - 810.20|
|52 Week Range||624.60 - 981.80|
|PE Ratio (TTM)||9.73|
|Forward Dividend & Yield||0.48 (5.87%)|
|1y Target Est||11.12|
Expectations for a rise in zinc concentrate supplies in coming years have driven down the metal price to one-year lows, but smelting capacity constraints suggest the sell-off is premature. Prices of the metal, which is used to galvanise steel, have underperformed other LME metals this year. Projects that will deliver more zinc concentrate to market include Vedanta's (VED.L) Gamsberg mine in South Africa and three Australian projects, namely Dugald River owned by MMG , another mine run by New Century Resources (NCZ.AX) and Glencore's (GLEN.L) Lady Loretta mine.
There will be no FTSE 100 companies going ex-dividend on Thursday. Among FTSE 250 companies going ex-dividend are: COMPANY DIVIDEND Tritax Big Box 1.34 Bank of Georgia 2.44 Cranswick 38.6 Vedanta Resources ...
Cairn said it still holds about 3 percent in Vedanta Ltd after the sale, while warning that it was possible that the Indian tax department might make further sales. The write down will result in an impairment charge in the company's half year results in September equal to the value of the total shares notified as having been sold by the tax department at that time, Cairn said. Indian metals and mining group Vedanta Ltd last year completed its buyout of oil and gas explorer Cairn India Ltd, giving Cairn a shareholding of about 5 percent in Vedanta plus an interest in preference shares.
Moody's Investors Service has published the latest edition of its "Inside India" publication, which compiles key research reports relevant to India (Baa2 stable) over the last three months. The ...
India's environmental court did not allow Vedanta Ltd to reopen its copper smelter in the southern Indian state of Tamil Nadu, a lawyer representing the state said on Thursday after a hearing on the matter. India's National Green Tribunal (NGT) did not accept Vedanta's request to reopen the smelter on an interim basis, V. Mowli, a lawyer for the Tamil Nadu Pollution Control Board (TNPCB) said outside the court.
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Vedanta Ltd has sought a permanent injunction against the Tamil Nadu state government from interfering with the operations of its copper smelter, according to a petition filed with the country's environmental court. The Indian company, subsidiary of billionaire Anil Agarwal-controlled Vedanta Resources, also asked the court to set aside an order by which the state government had permanently shut the company's smelter, and allow it to operate the plant. The Tamil Nadu state government ordered a permanent closure of the plant and disconnected power supply to the smelter in May following protests that turned violent and culminated in the police opening fire on protesters, killing 13 of them.
Billionaire Anil Agarwal faces investor resistance to his $1 billion bid to buy out minority shareholders in Vedanta Resources (VED.L) and take the London-listed Indian miner private. Vedanta, chaired by its 64-year-old founder Agarwal, on Monday announced that its independent board directors were prepared to back an 825 pence-a-share bid from Agarwal's family trust, Volcan, to acquire the 33.5 percent of the company that it does not already own and delist the group. Under the proposal, Volcan would spend 778 million pounds (778.00 million pounds) buying out minority investors in a deal which would value Vedanta as a whole at about 2.35 billion pounds.
Vedanta to be de-listed as boss Agarwal launches bid to take full ownership of Indian miner
Billionaire mining tycoon Anil Agarwal will spend nearly £800 million to take his London-listed Indian group Vedanta Resources private. The 64-year-old, who owns 66.5% of Vedanta Resources through his Volcan unit, has offered to buy the shares he does not already own. Vedanta was the first Indian company to list in London in 2003.
An independent committee that evaluated the proposal has indicated it supports the offer from the Volcan Investments trust, which represents a 27.6 percent premium to Vedanta's last close, and would recommend it to shareholders. Volcan holds almost 67 percent of Vedanta, and said on Monday it had reached an agreement in principle on a possible offer for the rest, although there was no certainty that a firm offer would be made. Independent shareholders are expected to approve an offer as the shares have significantly underperformed, Jefferies analysts said.
European shares opened lower on Monday as on-going worries about the U.S. trade policies and concerns about German Chancellor Angela Merkel's coalition weighed on sentiment. The pan-European STOXX 600 was down about 1.2 percent by 0730 GMT in line with Germany's trade-sensitive DAX. In London, the FTSE 100 was down 1.1 percent and British gambling technology company Playtech posted the worst performance, losing over 20 percent after it disappointed investors with a trading update.
Billionaire Anil Agarwal added to a string of commodities deals with plans to buy out minority investors in Vedanta Resources Plc, the resources group that he’s seeking to transform into one of the world’s largest. Agarwal’s Volcan Investments Ltd. will offer 825 pence a share for the 33.5 percent of Vedanta it doesn’t already own and plans to cancel its London listing.
Billionaire Anil Agarwal agreed to buy the 33.5 percent of Vedanta Resources Plc he doesn’t already own for about 778 million pounds ($1 billion) ahead of delisting the company in London. Vedanta will recommend a cash offer from Agarwal’s Volcan Investments Ltd. of 825 pence a share, the company said in a statement Monday. Shareholders will also be entitled to a previously announced dividend of $0.41 per Vedanta share.
There is a lot to be liked about Vedanta Resources plc (LON:VED) as an income stock, over the past 10 years it has returned an average of 4.00% per year.Read More...
Based on Vedanta Resources plc’s (LSE:VED) earnings update in March 2018, analyst consensus outlook appear vastly optimistic, with earnings expected to grow by a high double-digit of 61.62% in theRead More...
Vedanta Ltd said on Wednesday a sulphuric acid leak from a tank at its copper smelter in Tamil Nadu was severe and inaction could lead to serious environmental consequences. The district administration had said on Sunday the leak at the plant in the seaside town of Thoothukudi was minor, and steps were being taken to empty the storage tanks as a safety precaution. "There is a severe leakage in the pipe flanges and ... the pipe flanges are submerged in the acid pool collected in the dykes around the acid storage tank," the company said in a petition to the Madras high court.