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Latest Articles in vedanta

Vedanta Seeks Free Land, Cheap Water, Power In Race To Be India's First Chipmaker

Though Vedanta is seeking federal incentives under a Modi programme offering fiscal support, it is separately asking states for 1,000 acre of land free of cost on a lease for 99 years, according to two sources with direct knowledge

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Vedanta To Move Towards Green Steel; Working On Solution For Hydrogen Use

Vedanta’s Sesa Goa Iron Ore Business said it is looking for a tie-up with IIT-Bombay to carry out research for manufacturing pig iron ore using hydrogen in place of coke. The solution is aimed at reducing carbon emissions in the production process and helping manufacture green steel (an outcome of a climate-friendly process)

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Vedanta Arm Cairn Oil And Gas Makes Oil Discovery In Rajasthan Block

The 542 square kilometre RJ-ONHP-2017/1 Block is located in Gudamalani and Chohtan Tehsil of Barmer district, Rajasthan. The block lies in the vicinity of the prolific Rajasthan block which produces about 150,000 barrels per day of oil and gas

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Vedanta To Invest Up To $20 Bn In Electronic Chip Business In India

Vedanta's group firm Avanstrate, which will spearhead the semiconductor business, expects to roll out electronic chips and displays from Indian manufacturing plants by 2025, the official of the group's semiconductor arm said on Friday

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iPhone-Maker Foxconn To Make Chips In India With Vedanta

In a statement, Foxconn said it had signed a memorandum of understanding with oil-to-metals group Vedanta to make semiconductors, calling it "a significant boost to domestic manufacturing of electronics in India."

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Budgeting For A Seamless Growth Trajectory

Digitalisation and web technologies are increasingly becoming indispensable for business continuity and growth. Their adoption and use cases have skyrocketed in the last year and I think this is just the beginning, thus we are expected to see a fairly good amount of budget allocation by organisations in this area.

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Vedanta Q3 Net Profit Rises 26% To Rs 4,164 Cr

Its consolidated income during the October-December period increased to Rs 34,674 crore from Rs 23,621 crore in the year-ago period

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Vedanta's Cast Metal Aluminium Production At Smelters Jumps 16% In Q3FY22

The total production at Zinc-International for the third quarter of FY22 was 52,000 tonnes, 11 per cent lower compared to Q3 FY21.

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Vedanta Plans To Raise Up To Rs 1,000 Cr Via NCDs

The above issuance is pursuant to the board of directors' resolutions passed at their meeting held on May 7, 2019, and October 3 last year.

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Sebi Warns Vedanta On Related-party Transactions Of Rs 1,407 Cr

The mining conglomerate's independent auditors had in the firm's annual report for the fiscal year 2020-21 flagged related-party transactions.

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Vedanta Eyes Buying Govt Stake In Hindustan Copper

Talking about the progress with regard to Konkola Copper Mines in Zambia, he said the government of this African country is in the process of working with the company on the matter.

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Vedanta Says Keen To Open Dialogue With Zambia''s ZCCM; Reiterates Commitment To Invest USD 1.5 Bn In Konkola Copper Mines

The investment of USD 1.5 billion in the operations at KCM "will include $200m to pay the local suppliers of the mine in addition to the significant sums of $400m to bring in best in class ESG practices to improve health, safety and working conditions for employees as well as the allocation of $100m for community projects"

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Contributed Rs 2.74 Lakh Crore To Exchequer In Past 10 Years, Says Vedanta

The tax contribution includes corporate income taxes, royalties, profit-oil, and significant indirect contributions by way of withholding taxes and indirect taxes

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Moody's Upgrades Vedanta's Senior Unsecured Notes; Changes Outlook To 'Stable' From 'Negative'

'Moody's has upgraded to 'B3' from 'Caa1', its rating on the senior unsecured notes issued by VRL and those issued by VRL's wholly-owned subsidiary, Vedanta Resources Finance II Plc and guaranteed by VRL

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Vedanta Makes Gas Discovery In Gujarat

The block was awarded to the company in October 2018 and is one of the 41 areas awarded to it in OALP-I round of bidding.

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