In Short : Vedanta Limited has extended the deadline for its planned demerger to March next year, giving the company more time to complete regulatory approvals and finalize its business restructuring. The move aims to ensure a smooth transition, streamline operations, and enhance shareholder value. The extension underscores Vedanta’s commitment to careful planning and strategic […]
Vedanta Moves to Acquire Debt-Hit Jaiprakash Associates in Strategic Expansion – EQ
In Short : Vedanta has approached the Competition Commission of India (CCI) seeking approval to acquire debt-ridden Jaiprakash Associates. The move is part of Vedanta’s strategy to expand its portfolio and strengthen its presence in the infrastructure and cement sectors. If cleared, the acquisition could provide financial relief to Jaiprakash Associates while boosting Vedanta’s growth […]
Vedanta Resolves SEPCO Electric Dispute, Strengthens Global Growth Prospects – EQ
In Short : Vedanta has concluded its prolonged dispute with SEPCO Electric of China, bringing closure to a contentious chapter. The settlement eliminates legal hurdles and financial uncertainties, enabling Vedanta to realign focus on its core businesses. The resolution is also seen as a step toward strengthening international partnerships and fostering cooperation in infrastructure and […]
Kotak’s ₹7,400 Crore Bid for JP Power Sparks Showdown with Vedanta Over Strategic Energy Assets – EQ
In Short : Kotak Alternate Assets has bid ₹7,400 crore for Jaiprakash Power Ventures, covering preference shares and debt, which could give it majority control. This complicates Vedanta’s ₹17,000 crore acquisition of Jaiprakash Associates, as JP Power is its key subsidiary. Kotak’s entry may reduce Vedanta’s influence over the power business, reshaping control of these […]
Vedanta Commits ₹12,500 Crore to Expand Metal Production for India’s EV Revolution – EQ
In Short : Vedanta Ltd is investing over ₹12,500 crore to expand its metal manufacturing capabilities, supporting India’s growing electric vehicle (EV) sector. The investment includes scaling aluminium smelting, producing value-added aluminium products, establishing a zinc alloy plant and roaster, and expanding ferrochrome capacity. These initiatives aim to strengthen the domestic EV supply chain, promote […]
Vedanta Achieves Milestone with 2.6 Billion Units of Renewable Energy Use in FY25 – EQ
In Short : Vedanta reported using 2.6 billion units of renewable energy in FY25, underscoring its commitment to sustainable operations. The company has been steadily increasing reliance on clean energy sources to reduce its carbon footprint. This shift supports India’s broader renewable energy goals while strengthening Vedanta’s long-term strategy of balancing industrial growth with environmental […]
Vedanta ramps up RE power capacity to 1.03 GW – EQ
In Short : Vedanta has increased its renewable energy capacity to 1.03 GW as part of its target to reach 2.5 GW by 2030 and achieve net-zero emissions by 2050. Through partnerships like Serentica Renewables, it’s sourcing green power for its aluminium operations. The company is also electrifying its vehicle fleet, deploying India’s first 10-tonne […]
Vedanta Resources accepts bids worth $800 million for dollar bonds, bankers say – EQ
In Short : Vedanta Resources has accepted bids worth $800 million for its dollar-denominated bonds, according to bankers. The company, a major player in the natural resources sector, is seeking to raise funds to support its operations and growth initiatives. The bond issuance is part of Vedanta’s ongoing efforts to diversify its funding sources and […]
Vedanta pledges Rs 1lakh crore for refinery and plant in Odisha – EQ
In Short – Vedanta has pledged ₹1 lakh crore for a refinery and plant in Odisha. This substantial investment aims to boost the state’s industrial growth and create numerous job opportunities. The project reflects Vedanta’s commitment to enhancing local infrastructure and supporting sustainable development in the region, contributing to India’s overall economic progress. In Detail […]
Vedanta Q4 results: Net slips 27% to Rs 1,369 crore on Tuticorin impact – EQ
In Short : “Vedanta’s Q4 results show a 27% decline in net profit to Rs 1,369 crore, attributed to the impact of Tuticorin operations, reflecting challenges in the company’s financial performance.” In Detail : India-listed Vedanta reported a 27.2 per cent dip in its net profit for the quarter ended March 2024 (Q4FY24) as revenues […]