Vedanta

Singapore reviewing short seller claim against India's Vedanta

The Singapore Police Force replied to Viceroy’s complaint, assigning it a reference number indicating it was reviewing the matter

Vedanta also plans to set up a facility to produce as much as 300,000 tons per year of copper rods, a key raw material for electric cables.

Vedanta plans to invest US$2 billion in Saudi copper projects

The firm will build a new smelter and refinery with a capacity of 400,000 metric tons per year

Vedanta Resources, which has been burdened by a heavy debt load amassed due to a string of acquisitions, reduced its dues by US$4.5 billion in the last two years.

Vedanta to pay US$932 million in dividend to help parent cut debt

This takes its total payout for the year ending March to 134.75 billion rupees

In the last two years, Vedanta Resources has cut its debt by US$3.70 billion.

Parent of India's Vedanta proposes to cut debt by US$3 billion over next three years

The maturity of its outstanding bonds worth US$3.20 billion, extended up to fiscal 2029, has provided it with “newfound liquidity”

Vedanta has started gauging interest from potential investors, including Middle Eastern funds.

Vedanta said to weigh US$1 billion share sale as soon as June

Shares of Vedanta have gained 78% this year, giving the company a market value of about US$20.6 billion

The oils-to-metals conglomerate posted a consolidated net profit of 13.69 billion rupees (S$223.3 million), falling behind analysts’ estimates of 21.10 billion rupees.

India's Vedanta misses Q4 profit estimates on lower prices

The company also posted a jump in expenses, with finance costs climbing nearly 34 per cent

Gujarat Chief Minister Bhupendra Patel says the state recently held investment talks with some chipmakers, and officials have visited Japan to meet some executives from the chips industry there.

India's Gujarat talks with Japan, South Korea, US firms to be chipmaking hub

India’s Gujarat state is in talks with chipmakers in Japan, South Korea and the United States for investments in the state, its top minister said on Thursday (Jan 4), in pursuit of India’s ambitions o...

Deliberations are ongoing and no final decisions on the structure or timing of the de-merger have been made.

Vedanta is preparing to de-merge sprawling operations

VEDANTA is preparing to spin off businesses into several listed entities in a broad restructuring that, if successful, could help tycoon Anil Agarwal manage his metals-to-energy empire’s debt load, pe...

Vedanta’s parent, Vedanta Resources, has been scrambling to raise funds, with credit rating agencies downgrading its outlook, citing funding risks and concerns about meeting debt obligations.

Indian billionaire Anil Agarwal mulls listing Vedanta businesses separately

India’s Vedanta will consider separately listing all or some of its businesses, which range from metals and mining to oil and gas and potentially chipmaking, billionaire Anil Agarwal said on Friday (A...

Vedanta CFO Sonal Shrivastava says the company is committed to reducing debt as its “high-quality” assets continue to generate a healthy cash flow.

India's Vedanta CFO confident of meeting debt maturities in FY24

India’s Vedanta is confident of meeting its debt maturities of US$2.7 billion this fiscal year, its chief financial officer said on Monday (Jul 24).