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Latest Articles in vedanta

Vedanta Lost $200 Million In Profits In One Year Of Tuticorin Plant Shutdown: Agarwal

As many as 20,000 direct and indirect jobs have been lost due to the shutting of the smelter.

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Vedanta To Challenge Winding Up Of Zambian Business In Court

According to a notice filed in court on June 6, Vedanta wants to be represented by lawyers Nchito & Nchito and not those appointed by the provisional liquidator.

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Vedanta Says Executives Unable To Visit KCM Zambia Operation, Engage With Management

Vedanta is contesting the country's decision this month to name a provisional liquidator to run Vedanta Resources' KCM business.

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Refusal To Renew Consent Bad In Law, Sterlite Tells NGT Panel

The NGT panel heard Vedanta counsel's submission regarding Tamil Nadu Pollution Control Board's refusal to renew consent to operate its Sterlite copper plant at Tuticorin and assailed the reasons given as bad in law

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HC Grants Time To Centre To Decide Vedanta's Plea On Barmer Oil Pact Extension

Delhi High Court allowed the Centre's plea to comply with the its earlier order asking the government to "decide or process" Vedanta's application for PSC extension under its new policy

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Vedanta Says TN Govt's Decision To Shut Tuticorin Copper Plant 'Unfortunate'

"Closure of Sterlite Copper plant is an unfortunate development, especially since, we have operated the plant for over 22 years in most transparent and sustainable way, contributing to the Tuticorin and state’s socio-economic development. We will study the development and decide on the future course of action," said Vedanta Ltd

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Vedanta Fourth-Quarter Profit Climbs 81 Percent

Net profit came in at 48.02 billion rupees ($721.02 million) for the three months ended March 31, compared with 26.47 billion rupees a year earlier, the company said in a statement

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Vedanta To Shut Copper Smelter In India For About 15 Days

The copper smelter, run by Vedanta's Sterlite Copper unit, is one of India's biggest and has been a target of protesters, who call it a major source of pollution and a risk to fisheries

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Vedanta Seeks To Expand Zinc Output After Price Rally

The 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

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Vedanta Third Quarter Profit Slips, Lags Estimates

Profit came in at 20.53 billion rupees ($322.5 million) in the three months ended Dec. 31, compared with 21.33 billion rupees a year earlier, the company said

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'Mining Sector Can Create Upto 25 million Jobs In India'

Mining sector has the potential to create 25 million jobs in the country, while also aiming to contribute 7-8 percent of the country’s GDP

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Hindustan Zinc Second Quarter Profit Rises 34%

Net profit rose to Rs 25.45 billion in the three months ended September 30, from Rs 19.02 billion a year earlier, said the company, which is a unit of Vedanta Ltd

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SC Rejects FIMI, Vedanta Plea Against E-Auction Of Iron Ore

We reject the plea of FIMI and also we reject the petition of Vedanta suggesting alternative measures for e- auction, the bench said

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Vedanta Says Zinc Production At Rajasthan Unit Almost Doubles

The company, which mines zinc in Rajasthan, said mined metal content jumped 84 per cent to 233,000 tonnes for the quarter ended June 30

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Cairn Tax Dispute: I-T Dept Orders Recovery Of Rs 10000 Crore

The department ordered taking away USD 104 million dividend due to it from its remaining stake in the erstwhile subsidiary Cairn India (now called Vedanta Ltd) and another Rs 1,500 crore of tax refund due to it, a top source said.

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