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Vedanta Ltd (VDAN.NS)

VDAN.NS on National Stock Exchange of India

310.65INR
11:51am IST
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Rs-2.25 (-0.72%)
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Rs312.90
Open
Rs314.25
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Rs307.70
Volume
2,674,369
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9,243,754
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Rs346.40
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Rs200.40

Latest Key Developments (Source: Significant Developments)

Vedanta says SPCB Odisha allows restart of power plants at Jharsuguda
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Vedanta Ltd :Says SPCB Odisha revoked closure order on two ‍units of power plants at Jharsuguda​.Says SPCB Odisha allowed operations of all units 1215 MW and 2400 mw plants up to Jan 12, 2018.Closure order revoked on all 5 power units that were directed by SPCB to be temporarily closed.  Full Article

India's Vedanta Ltd Sept qtr consol profit up about 47 pct
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - India's Vedanta Ltd :Sept quarter consol profit 20.91 billion rupees versus 14.24 billion rupees last year.Consensus forecast for sept quarter consol net profit was 23.26 billion rupees.Sept quarter consol total income 224.66 billion rupees versus 181.54 billion rupees last year.Says gross debt reduced by 114.66 billion rupees since March 31, 2017‍​.Expect H2 of this fiscal year to be more robust with the continuing production ramp up‍​.Says revised capex guidance to $1.1bln for FY 2018 versus original guidance of $1.2bln ‍​.Says FY2018 net capex estimated at $250mln for Cairn oil & gas.Says sees FY18 aluminium production 1.5 to 1.6MT (excluding. Trial run); alumina production 1.3 to 1.4MT.Says FY2018 copper india production estimated at 400KT.FY 2018 Zinc India CoP likely to be in the range of $900-$950/t.  Full Article

Master Drilling says to expand into India, Australia
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Master Drilling Group Limited ::MASTER DRILLING GROUP LTD - ‍EXPANSION INTO INDIA AND AUSTRALIA, DIVERSIFYING ACROSS TWO NEW GEOGRAPHIES​.MASTER DRILLING - ‍IN INDIA, MASTER DRILLING WILL SUPPORT VEDANTA LTD, DEPLOYING ONE RMACHINE TOHINDUSTAN ZINC INDIA MIND AT INITIAL VALUE OF ABOUT $6 MILLION​.MASTER DRILLING GROUP LTD - ‍BOTH CONTRACTS RELATE TO UNDERGROUND VENTILATION WORKS TO BE COMPLETED OVER NEXT TWO YEARS​.MASTER DRILLING - ‍IN AUSTRALIA, A MACHINE CONTRACTED TO UNDERGROUND MINING CONTRACTOR ON A GOLD PROJECT. CONTRACT WILL RUN INITIALLY FOR ONE YEAR​.  Full Article

Vedanta Ltd Dec-qtr consol profit rises over four-fold
Tuesday, 14 Feb 2017 

Vedanta Ltd : Dec quarter consol net profit 18.66 billion rupees . Consensus forecast for Dec quarter consol net profit was 19.38 billion rupees . Dec quarter consol total income from operations 203.93 billion rupees . Consol net profit in dec quarter last year was 4.12 billion rupees as per ind-as; consol total income from operations was 157.31 billion rupees . Says in Dec quarter, Zinc India mined metal production up 44% q-o-q in line with mine plans . Says in FY 2017 Zinc India mined metal production expected to be higher than FY2016 . Says for Zinc International, FY2017 volume expected at 160kt; Q4 COP estimated at $1200-$1250/t . Says FY 2018 oil and gas net capex estimated at $100m with optionality of additional $150mn for key projects . Says for Zinc International, continued focus on cost savings with an expected annualized saving of $10 mn . Says aluminium FY 2017 production of 1 to 1.1mn tonnes (excluding. Trial run) . Says for iron ore, sales of 3.7mt and production of 2.6mt in Q3 . Says working with the state government on allocation of bauxite and commencement of laterite mining . Says for Copper India, production stable at 102kt in Q3 . Says bauxite mines at balco to exit FY2017 with run rate of 2mtpa.  Full Article

Vedanta Resources chairman says aims to close Cairn India-Vedanta Ltd merger by this financial year
Friday, 5 Aug 2016 

Vedanta Resources Plc :Cairn India - Vedanta Limited merger is a win-win for all shareholders, and we aim to complete it this financial year- Chairman.  Full Article

Vedanta Ltd sees FY17 aluminium production of about 1.2 mln tonnes
Friday, 29 Jul 2016 

Vedanta Ltd : Aluminium FY 2017 production expected to be about 1.2 million tonnes; FY 2017 coal requirement of 36MT for 9,000 MW power portfolio . Oil & gas FY 2017 net capex of $100 million; copper India FY 2017 expected production at 400KT . Goa and Karnataka iron ore production expected at 5.5MT and 2.3MT respectively in FY 2017; further mining allocation being pursued . Sees FY 2017 coal requirement of 36MT for 9,000 MW power portfolio; auctions of coal linkages underway . FY 2017 expected copper India production at 400KT; planned maintenance shutdown for three days in Q2 .  Full Article

Vedanta Ltd June-qtr consol profit down about 30 pct
Friday, 29 Jul 2016 

Vedanta Ltd : Says June-quarter consol net profit 6.15 billion rupees . June-quarter consol net sales 143.64 billion rupees . Consensus forecast for June-quarter net profit was 6.35 billion rupees . Consol net profit in June quarter last year was 8.84 billion rupees as per Ind-AS; consol net sales was 169.44 billion rupees . Gross debt reduced by 6.06 billion rupees during the quarter . Zinc India impacted by lower mined metal production in quarter; second half expected to be substantially higher .  Full Article

Anglo said to rebuff Indian billionaire Agarwal's Merger Plan- Bloomberg
Friday, 29 Jul 2016 

: There are no current talks between Anglo American and Anil Agarwa- Bloomberg, citing sources . Preliminary deliberations were quickly dismissed after Anglo concluded a deal didn't make sense and wasn't feasible- Bloomberg, citing sources .Anglo American Plc rebuffed informal approaches in recent months from Indian billionaire Anil Agarwal- Bloomberg, citing sources.  Full Article

Vedanta board approves revised terms on deal with Cairn India
Friday, 22 Jul 2016 

Vedanta Ltd : Board has approved revised terms on deal with Cairn India Limited . Each Cairn India minority shareholder to get for each share held 1 share in co, 4 redeemable preference share in co . Each Cairn India minority shareholder to also get for each share held, implied premium of 20 percent to one month VWAP of Cairn India share price .  Full Article

Vedanta says seeks members' nod for subscription of NCDs
Friday, 3 Jun 2016 

Vedanta Ltd : Seeks members' nod for subscription of non-convertible debentures or other debt securities upto 200 billion rupees .  Full Article

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Sensex ends lower; metal, consumer stocks drag

Indian shares ended lower on Wednesday as falling global commodity prices pushed metal shares such as Vedanta Ltd down, while consumer stocks such as ITC Ltd also weighed on the indexes.