Edition:
India

Vedanta Resources PLC (VED.L)

VED.L on London Stock Exchange

730.00GBp
18 Dec 2017
Change (% chg)

7.00 (+0.97%)
Prev Close
723.00
Open
725.00
Day's High
732.00
Day's Low
716.00
Volume
392,605
Avg. Vol
988,044
52-wk High
1,112.50
52-wk Low
558.50

Latest Key Developments (Source: Significant Developments)

Vedanta Resources says H1 revenue rose 39 percent to $6.8 bln
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Vedanta Resources Plc :INTERIM DIVIDEND 0.24 USD PER SHARE.H1 EBITDA ROSE 37 PERCENT TO 1.694 BILLION USD.H1 REVENUE ROSE 39 PERCENT TO 6.8 BILLION USD.‍FOR FY2018, IN OIL & GAS EXPECT TO HAVE STEADY PRODUCTION VOLUME FROM RAJASTHAN AT 165,000 BOEPD.‍ADJUSTED EBITDA MARGIN OF 34% IN H1 FY2018​.‍NET OIL & GAS CAPEX EXPENDITURE UPTO FY 2020 IS EXPECTED TO BE US$ 850 MILLION​.‍OIL & GAS BUSINESS HAS RECOMMENCED CAPITAL EXPENDITURE​.‍GAMSBERG ZINC PROJECT IN SOUTH AFRICA IS PROGRESSING WELL AND REMAINS ON TRACK TO START PRODUCTION IN MID-2018​.ZINC INDIA ‍MINED METAL PRODUCTION IN FY2018 IS EXPECTED TO BE HIGHER THAN IN FY2017​.‍REFINED ZINC-LEAD METAL PRODUCTION IS EXPECTED TO BE APPROXIMATELY 950KT IN 2018​.‍COPPER INDIA HAD STABLE PRODUCTION FOR FIRST HALF OF YEAR AND ACHIEVED RECORD QUARTERLY PRODUCTION IN Q2 AS A RESULT OF OPERATIONAL EFFICIENCIES​.ZINC INDIA PROJECT CAPEX FOR YEAR TO BE AROUND $300-S$325 MILLION; TO ACHIEVE 1.2 MILLION TONNES PER ANNUM MINED METAL PRODUCTION CAPACITY BY FY2020​.ZINC INTL ‍PRODUCTION VOLUMES IN 2018 EXPECTED TO BE AROUND 160KTPA; COST OF PRODUCTION EXPECTED TO BE AROUND $1,500 PER TONNE​.‍ESTIMATE IRON ORE UNIT TO PRODUCE 5.5 MILLION TONNES OF ORE AT GOA, 2.3 MILLION TONNES AT KARNATAKA IN FY2018​.‍COPPER INDIA/AUSTRALIA FULL-YEAR CATHODE PRODUCTION IS EXPECTED TO BE SIMILAR TO FY2017 PRODUCTION LEVELS OF 400,000 TONNES​.‍IN FY2018, ALUMINIUM VOLUME IS EXPECTED TO BE IN RANGE OF 1.5 TO 1.6 MILLION TONNES​.  Full Article

Vedanta says examining Court's judgment, will seek permission to appeal decision​
Friday, 13 Oct 2017 

Oct 13 (Reuters) - Vedanta Resources Plc ::VEDANTA RESOURCES PLC - ‍VEDANTA AND KCM ARE EXAMINING COURT'S JUDGMENT AND WILL SEEK PERMISSION TO APPEAL COURT'S DECISION​.VEDANTA RESOURCES - "‍JUDGMENT RELATES SOLELY TO JURISDICTION OF ENGLISH COURTS TO HEAR THESE CLAIMS. IT IS NOT A RULING OR A DETERMINATION ON MERITS OF CLAIMS​".  Full Article

Anglo American says ‍Volcan Investments raises stake in co to 19.35 pct
Friday, 13 Oct 2017 

Oct 13 (Reuters) - Anglo American Plc :‍VOLCAN INVESTMENTS LIMITED RAISES STAKE TO 19.35 PERCENT FROM 12.08 PERCENT EARLIER - FILING ​.  Full Article

Vedanta says Zinc India H1 mined metal production up 42 pct
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - Vedanta Resources Plc ::VEDANTA RES PLC - Q2 PRODUCTION RELEASE.VEDANTA RESOURCES PLC - ‍H1 AVERAGE GROSS PRODUCTION ACROSS ASSETS WAS AT 184,062 BOEPD​.VEDANTA RESOURCES PLC - ‍H1 ZINC INDIA MINED METAL PRODUCTION WAS AT 219,000 TONNES, 14% HIGHER Y-O-Y, ON ACCOUNT OF HIGHER VOLUMES FROM UNDERGROUND MINES​.VEDANTA RESOURCES PLC - H1 ZINC INTERNATIONAL ‍TOTAL PRODUCTION INCREASED TO 42,000 TONNES, 33% HIGHER Q-O-Q AND 13% Y-O-Y​.VEDANTA RESOURCES PLC - H1 COPPER INDIA ‍PRODUCTION IN H1 FY2018 WAS 197,000 TONNES OF CATHODES, SIMILAR TO H1 FY2017​.VEDANTA RESOURCES PLC - H1 ‍ALUMINIUM PRODUCTION INCREASED TO 753,000 TONNES IN H1 FY2018, 39% HIGHER Y-O-Y​.  Full Article

Vedanta raises second-half India zinc production guidance
Monday, 10 Oct 2016 

Vedanta Resources Plc : Q2 production release . Says strong Q2 production at Rajasthan, with Mangala EOR 23 pct higher quarter on quarter . Says Q2 gas production at Rajasthan up 17 pct quarter on quarter . Says H2 production expected to be significantly higher than H1, as per mine plans . Says secured coal linkages of 6MTPA for captive power plants through auctions in Q2 . Iron ore: mining and shipments from Goa resumed from end september, following monsoon season in Q2 . TSPL power: 1980MW plant fully operational with third 660MW unit capitalized in Q2 . Says 77 pct plant availability in Q2 . Says aluminium production was a record at 541,000 tonnes in H1, 17 pct higher year on year .Says H1 average gross production across assets was at 196,629 barrels of oil equivalent per day.  Full Article

Vedanta Resources appoints Arun Kumar as CFO
Friday, 30 Sep 2016 

Vedanta Resources Plc : CFO appointment . Kumar takes over from from DD Jalan who superannuates effective September 30th , after almost 16 years with group. .Announces Arun Kumar, currently deputy chief financial officer at Vedanta, appointed CFO of Vedanta Group..  Full Article

Vedanta Resources shareholders approve Vedanta Ltd, Cairn India deal
Tuesday, 6 Sep 2016 

Vedanta Resources :Resolution put to shareholders in relation to proposed merger of Vedanta Ltd and Cairn India Ltd was duly passed on a poll.  Full Article

Vedanta Resources announces board changes
Monday, 8 Aug 2016 

Vedanta Resources Plc :Geoffrey Green has been appointed as a member of audit committee; Ekaterina Zotova appointed as chairman of sustainability committee.  Full Article

Vedanta Resources says 72 pct shareholders vote to re-elect Director Deepak Parekh
Monday, 8 Aug 2016 

Vedanta Resources Plc :72.36 percent shareholders voted for resolution to re-elect deepak parekh as a director.  Full Article

Vedanta Resources Q1 mined metal production stable versus prior quarter
Monday, 1 Aug 2016 

Vedanta Resources Plc : Q1 mined metal production stable at 29,000 tonnes versus prior quarter, lower by 2 pct compared on y-o-y basis at copper -Zambia . At copper Zambia in Q1 FY 2017, cost of production excluding royalty was usc 198/lb compared to usc 213/lb for Q1 FY2016 .We expect to produce 130-140kt of integrated volumes at c1 cost of 150-170c/lb in fy2017 at copper Zambia.  Full Article

Miner Vedanta continues its recovery with robust first-half profits

Diversified miner Vedanta Resources said it sees further upside for zinc prices as it announced a 37.4 percent rise in half-year profit on Friday.