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Rating Action: Moody's upgrades Vedanta's CFR to Ba3 from B1; outlook stable. Global Credit Research- 20 Nov 2017. Singapore, November 20, 2017-- Moody's Investors Service has upgraded Vedanta Resources ...
Cairn Oil and Gas, part of Vedanta Ltd, will invest 300 billion rupees ($4.6 billion) in exploration projects off India's east coast and in the onshore fields of Barmer in the west, its acting CEO said. The company expects approvals to be in place by the end of October, Sudhir Mathur told Reuters on the sidelines of the India Energy Forum in New Delhi, as Cairn undertakes a fresh investment plan after the extension of its production contract until 2030.
Anil Agarwal has sealed the merger of his mining and energy businesses in India, creating a BHP Billiton Ltd.-like resources conglomerate, even as a recent investment in Anglo American Plc raises questions ...
Billionaire Anil Agarwal’s Vedanta Ltd. announced a record $1 billion dividend, a week after its zinc unit said it doled out the biggest payout by an Indian company in a financial year.