Edition:
India

Vedanta Ltd (VDAN.BO)

VDAN.BO on Bombay Stock Exchange

228.65INR
22 Jun 2018
Change (% chg)

Rs-0.45 (-0.20%)
Prev Close
Rs229.10
Open
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Volume
365,493
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Rs355.70
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Latest Key Developments (Source: Significant Developments)

Vedanta Says Delhi HC Allowed Writ Petition Directing India Govt To Extend Production Sharing Contract For Rajasthan Block
Friday, 1 Jun 2018 

June 1 (Reuters) - Vedanta Ltd ::DELHI HC ALLOWED WRIT PETITION FILED BY CO DIRECTING INDIA GOVERNMENT TO EXTEND PRODUCTION SHARING CONTRACT FOR RAJASTHAN BLOCK FOR 10 YRS.HC DIRECTED GOVERNMENT TO FORMALLY COMMUNICATE ITS DECISION EXTENDING RAJASTHAN BLOCK PRODUCTION SHARING CONTRACT WITHIN TWO WEEKS..  Full Article

India's Vedanta Gets NCLAT Nod To Acquire Electrosteel Steels
Wednesday, 30 May 2018 

May 30 (Reuters) - Vedanta Ltd ::NCLAT ALLOWED CO TO ACQUIRE ELECTROSTEEL STEELS BY DEPOSITING UPFRONT PAYMENT TO COMMITTEE OF CREDITORS..  Full Article

Vedanta Says State Industries Promotion Corp Of Tamilnadu Informed Of Cancellation Of Land For Proposed Expansion
Tuesday, 29 May 2018 

May 29 (Reuters) - Vedanta Ltd ::SAYS LAND PRICE SHALL BE REFUNDED BY SIPCOT AS PER THEIR NORMS.SIPCOT INFORMED REGARDING CANCELLATION OF 342.22 ACRES OF LAND ALLOTTED TO CO FOR PROPOSED EXPANSION COPPER SMELTER PLANT AT THOOTHUKKUDI.  Full Article

Vedanta Ltd Says No Claims Made Pursuant To Interim Order For Smelter Plant
Tuesday, 29 May 2018 

May 29 (Reuters) - Vedanta Ltd ::SAYS NO CLAIMS HAVE BEEN MADE PURSUANT TO INTERIM ORDER FOR SMELTER PLANT.  Full Article

Vedanta Ltd Says Electricity Supply Disconnected At Co's Thoothukkudi Plant
Thursday, 24 May 2018 

May 24 (Reuters) - Vedanta Ltd ::VEDANTA LTD SAYS TAMIL NADU POLLUTION CONTROL BOARD ORDERED DISCONNECTION OF ELECTRICITY SUPPLY TO CO'S COPPER SMELTER PLANT AT THOOTHUKKUDI DISTRICT, TAMIL NADU.VEDANTA LTD SAYS THOOTHUKKUDI PLANT WAS NOT OPERATING SINCE MARCH 27, 2018.  Full Article

Vedanta Ltd Says Indian Court Orders Authority To Decide On Green Nod For Copper Plant By Sept 23
Wednesday, 23 May 2018 

May 23 (Reuters) - Vedanta Ltd ::MADRAS HIGH COURT ISSUES ORDER ON RENEWAL OF ENVIRONMENT CLEARANCE FOR COPPER SMELTER PLANT 2 PROJECT .HIGH COURT ORDERED CO TO CEASE CONSTRUCTION, OTHER ACTIVITIES ONSITE FOR PROPOSED COPPER SMELTER PLANT 2 PROJECT WITH IMMEDIATE EFFECT.MADRAS HIGH COURT STATED APPLICATION FOR RENEWAL OF ENVIRONMENT CLEARANCE TO BE PROCESSED AFTER CONDUCT OF PUBLIC HEARING.MADRAS HC STATED APPLICATION FOR RENEWAL OF ENVIRONMENT CLEARANCE SHALL BE DECIDED BY COMPETENT AUTHORITY ON OR BEFORE SEPT 23, 2018.  Full Article

Vedanta Resources Says Revenue Up 33 Pct To $15.4 Billion
Wednesday, 23 May 2018 

May 23 (Reuters) - Vedanta Resources Plc ::FY REVENUE 15.4 BILLION USD.FY EBITDA AT US$4.1 BILLION, UP 27 PCT (FY2017: US$3.2 BILLION).SAYS FY REVENUE INCREASED BY 33 PCT TO US$15.4 BILLION (FY2017: US$11.5 BILLION).SAYS FY EBITDA AT US$4.1 BILLION, UP 27 PCT.FINAL DIVIDEND ANNOUNCED OF US CENTS 41 PER SHARE (TOTAL DIVIDEND OF US CENTS 65 PER SHARE), WITH A YIELD OF 6 PCT.SAYS FY ADJUSTED EBITDA MARGIN OF 35 PCT (FY2017: 36 PCT).SAYS FYN NET DEBT AT US$ 9.6 BILLION (FY2017: US$ 8.5 BILLION).COMPANY IS WORKING WITH RELEVANT REGULATORY AUTHORITIES TO EXPEDITE RESTART OF OPERATIONS IN TAMIL NADU.SAYS FINAL DIVIDEND ANNOUNCED OF US CENTS 41 PER SHARE.BELIEVE THAT MARKET ENVIRONMENT ENJOYED IN FY2018 WILL ALSO CHARACTERISE FY2019.PERFORMANCE IN FY2019 WILL BE EVEN STRONGER.EXPECT TO INCREASE INVESTMENTS YEAR-ON-YEAR.SAYS ON TRACK FOR RAMP-UP OF MINED METAL TO 1.2MT BY FY2020 FOR ZINC INDIA.  Full Article

India's Deep Industries Gets Order Worth About 477.8 Mln Rupees
Tuesday, 15 May 2018 

May 15 (Reuters) - Deep Industries Ltd ::GETS ORDER WORTH ABOUT 477.8 MILLION RUPEES.GETS ORDER FROM VEDANTA FOR PROVIDING WORKOVER RIG.  Full Article

Vedanta Gets CCI's NOD For Electrosteel Steels' Acquisition
Monday, 14 May 2018 

May 14 (Reuters) - Vedanta Ltd ::GOT APPROVAL FROM COMPETITION COMMISSION OF INDIA FOR ACQUISITION OF ELECTROSTEEL STEELS.  Full Article

India's Vedanta CEO Says Co Plans To Reach 350,000 bpd In 3 Years In Oil & Gas Sector
Thursday, 3 May 2018 

May 3 (Reuters) - Vedanta Ltd CEO Kuldip Kaura::VEDANTA LTD EXEC SAYS CO PLANS TO REACH 350,000 BARRELS PER DAY IN 3 YEARS IN OIL AND GAS SECTOR.VEDANTA LTD EXEC SAYS IN ZINC INDIA OPERATIONS, CO PLANS TO INVEST 45 BILLION RUPEES TO PRODUCE 1.35 MILLION TONNES IN 3 YEARS.VEDANTA LTD EXEC SAYS SILVER PRODUCTION WILL GO UP TO 1,500 TONNES IN 3 YEARS.VEDANTA LTD EXEC SAYS GAS PRODUCTION FROM BARMER BASIN WILL DOUBLE IN 2 YEARS.VEDANTA LTD EXEC SAYS COPPER SMELTER SHUTDOWN IN SOUTH INDIA WILL BE RESOLVED "SOON".VEDANTA LTD EXEC SAYS FINANCIAL IMPACT FROM COPPER SMELTER SHUTDOWN IN SOUTH INDIA ON OVERALL NUMBERS OF VEDANTA IS NOT MATERIAL.VEDANTA LTD EXEC SAYS SANCTIONS ON RUSSIA'S RUSAL HAS CREATED VOLATILITY AND INCREASED PRICES, WHICH IS GOOD FOR CO.VEDANTA LTD EXEC SAYS CO LOOKING AT RAISING ELECTROSTEEL CAPACITY TO 2.5 MILLION TONNES.VEDANTA LTD EXEC SAYS CO WILL DOUBLE PRODUCTION LEVEL OF IRON ORE IN KARNATAKA THIS YEAR.  Full Article

Vedanta says acid leak severe at south Indian copper smelter

THOOTHUKUDI, India Vedanta Ltd said on Wednesday a sulphuric acid leak from a tank at its southern Indian copper smelter was severe and inaction could lead to serious environmental consequences.