|Bid||8.01 x 800|
|Ask||8.08 x 3200|
|Day's Range||7.93 - 8.07|
|52 Week Range||7.48 - 13.41|
|Beta (3Y Monthly)||0.16|
|PE Ratio (TTM)||6.60|
|Forward Dividend & Yield||1.03 (13.10%)|
|1y Target Est||N/A|
Diversified mining company Vedanta Ltd said on Tuesday it will invest $650 million in its new oil and gas blocks that it won in the government's last two rounds of auctions, chief executive of its oil and gas division Ajay Kumar Dixit said on Tuesday in New Delhi. It had won a total of 53 oil and gas blocks under the government's open acreage licensing policy (OALP) and Discovered Small Field (DSF) rounds, Dixit said. The company intends to invest 200 billion rupees ($2.9 billion) in exploration and production of oil and gas over the next three years which includes its existing and new fields, Vedanta's chairman Navin Agarwal said on Thursday.
A year after Indian police killed 13 people protesting against pollution from a copper smelter in this hardscrabble southern port city, tensions within the community and between residents and the police are still running high. No officer has been arrested or charged in connection with the shootings, and a judicial commission set up to investigate has provided no updates on its progress. A working group of United Nations' human rights experts last May condemned the "apparent excessive and disproportionate use of lethal force by police".
BENGALURU (Reuters) - Indian shares dropped more than 1 percent on Wednesday, ending lower for a sixth straight session, as investors took a cautious stance on worries the U.S.-China trade deal could unravel. ...
Indian miner Vedanta Ltd on Tuesday posted a better-than-expected fourth-quarter profit, helped by an increase in international demand for zinc. Rising global prices of metals such as zinc and copper have helped Vedanta fight challenges from mine shutdowns in India. Net profit dived to 26.15 billion rupees for the three months ended March 31, from the 48.02 billion rupees posted a year ago due to a one-time gain of 28.69 billion rupees it saw as reversal of previous impairments, Vedanta said.
Moody's Investors Service has today withdrawn Sterlite Technologies Limited's (STL) B1 corporate family rating and the stable outlook on the rating. Please refer to the Moody's Investors Service Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com. STL is a telecommunications products, services and software company that is listed on the Bombay Stock Exchange.
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Moody's Investors Service has assigned a B2 rating to the proposed senior unsecured notes guaranteed by Vedanta Resources Limited (Vedanta, Ba3 negative) and issued by its wholly owned subsidiary, Vedanta Resources Finance II Plc. The proposed notes will rank pari-passu to Vedanta's existing senior unsecured notes, and are rated at B2, two notches below the Ba3 corporate family rating (CFR).
NEW DELHI/BHUBANESWAR (Reuters) - A protester and a policeman died in clashes outside Vedanta Ltd's alumina refinery in Odisha, a police official said on Monday, less than a year after police killed 13 anti-Vedanta protesters in Tamil Nadu. The incident in Odisha happened 10 months after police opened fire on demonstrators protesting against Vedanta's copper smelter in Tamil Nadu, killing 13 people. "Two people have died - one of our Odisha industrial security force personnel and another one from the public," Gupteswar Bhoi, a senior police officer, told Reuters.
Vedanta Ltd on Friday named metals industry veteran Pankaj Kumar as Sterlite Copper chief executive, amid struggles to reopen its smelter in southern India that was shut after police killed 13 demonstrators protesting against the plant. Sterlite Copper, which operates a 400,000-tonne-per-year smelter in the South India port city of Thoothukudi, was forced to shut its plant by Tamil Nadu state in May, and is estimated to have lost more than $200 million since.
Vedanta Ltd told the Madras High Court it has been losing 50 million rupees ($706,000) a day ever since the closure of one of its copper smelters in May, after police fired on protesters against the plant and killed 13 people. The government of Tamil Nadu ordered the smelter shut permanently on May 28 last year after bloody protests at the plant in the city of Thoothukudi culminated in police opening fire on demonstrators. The "unit has been and is continuing to suffer a daily loss of about Rs 5 crores (50 million rupees)," Vedanta said in a petition to the Madras High Court reviewed by Reuters.
Moody's Investors Service ("Moody's") has changed the outlook on Vedanta Resources Limited's (Vedanta) ratings to negative from stable. At the same time, Moody's has affirmed the company's Ba3 corporate family rating (CFR) and the B2 rating on the senior unsecured notes. "The rating action reflects the heightened risk of cash movement outside Vedanta, following a $561 million structured payment by the company's operating subsidiary to ultimate shareholder Volcan Investments Ltd.. As well, our expectations for underlying operating earnings have been lowered, which will lead to elevated leverage for the ratings", says Kaustubh Chaubal a Moody's Vice President and Senior Credit Officer.
(Reuters) - Indian miner Vedanta Ltd said https://www.bseindia.com/xml-data/corpfiling/AttachLive/1d83894b-3223-4952-b182-ed46c724e8f0.pdf on Monday that its foreign unit Cairn India Holdings Limited's ...
Vedanta said on Thursday its foreign subsidiary Cairn India Holdings Ltd had paid $200 million to buy a stake in Anglo American from its parent Volcan Investments Ltd as part of its "cash management activities". Analysts said they were sceptical of the merits of the investment and questioned the potential returns, which depend on Anglo American's stock price.
(Reuters) - Indian miner Vedanta Ltd posted on Thursday a 21.1 percent fall in third-quarter profit, hit by a drop in commodity prices and shutdown of its copper smelter in south India. Profit came in ...
India's environmental court on Monday said it will issue its judgment in one week on whether to allow Vedanta Ltd to re-open its copper smelter, which was closed earlier this year after 13 people died when police fired on protesters. A panel of experts set up by India's National Green Tribunal, informally known as the environmental court, in November said authorities in Tamil Nadu state failed to comply with procedures before shutting down the smelter. A judgment on the smelter will be uploaded on the court's website in a week's time, Adarsh Kumar Goel, chairman of the National Green Tribunal, said on Monday.
An Indian court on Wednesday ordered an interim stay on the cancellation of land allotted for expansion of Vedanta's south Indian copper smelter, in a relief to the conglomerate whose unit was shut on environmental grounds. The Tamil Nadu state government ordered a permanent closure of the plant, cancelled land allocated for expansion and disconnected power supply to the smelter in May following protests that turned violent and culminated in the police opening fire, killing 13 protesters. "It appears the impugned order is passed as a knee jerk reaction," the Madurai bench of the Madras High Court said in an order which provided interim relief to Vedanta.