Vedanta Ltd. News and Updates

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Vedanta Ltd.

23 Jun 2023

434.00

0.37%

Vedanta refutes news of selling Sterlite copper plant; check stock reaction

Moneycontrol

Vedanta Ltd stock has lost 1.47 percent of its value over the last six months. Thus, underperforming the benchmark Nifty50 index which has given a return of 5.42 percent over the same duration.

Vedanta Ltd. has an average target of 522.75 from 5 brokers.

Vedanta Limited says not selling copper plant at Thoothukudi, Tamil Nadu

Business Standard | 22 Jun 2023 2 more

Vedanta Ltd.

21 Jun 2023

434.00

0.37%

Vedanta donated Rs 155 cr to political parties through electoral bonds in FY23

Moneycontrol

In FY22, the Anil Agrawal-led Vedanta had donated a cumulative amount of Rs 123 crore to political outfits.

Vedanta Ltd. is trading above its 100 day SMA of 431.6

Vedanta Ltd.

19 Jun 2023

434.00

0.37%

Vedanta plans to invest $1.7 bn in FY24 on growth projects: Anil Agarwal

Business Standard

Sharing details of the company's projects, the chairman said Vedanta is already expanding its aluminium and zinc capacities

Vedanta Ltd. is trading below its 150 day SMA of 443.1

Vendanta Group to leverage startups' tech under pact with Meity-Nasscom

Business Standard | 19 Jun 2023 1 more

Vedanta Ltd.

14 Jun 2023

434.00

0.37%

For me, everyday is Father's Day': Vedanta's Anil Agarwal reminisces about his good old days with babu ji'

Business Today

Father's Day on June 18: Anil Agarwal said that no matter when his father came back from work, he would always get something either sweets or pomegranate golis.

Vedanta Ltd. is trading below its 150 day SMA of 443.1

Vedanta Ltd.

14 Jun 2023

434.00

0.37%

Here's why Kotak Institutional Equities is cautious on aluminium plays

Moneycontrol

Kotak Institutional Equities has a sell' recommendation on Vedanta and NALCO as demand remains sluggish amid waning cost advantage

Vedanta Ltd. has an average target of 522.75 from 5 brokers.

Vedanta Ltd.

14 Jun 2023

434.00

0.37%

Vedanta may successfully handle its debt in the next 12 months: Report

Business Standard

CreditSights report states that the current methods of refinancing and other potential strategies may help the mining tycoon "successfully" service its debt maturities

Vedanta Ltd. is trading above its 100 day SMA of 431.6

Vedanta rises 2% after parent receives royalty payment from subsidiaries

Moneycontrol | 14 Jun 2023 1 more

Vedanta Ltd.

12 Jun 2023

434.00

0.37%

Vedanta plans TN unit upkeep

livemint

The broad scope of the work includes safety assessments, audit and repair of the structure and buildings, overhauling and refurbishing the plant and machinery, and commissioning the plant to maximize capacity

Vedanta Ltd. is trading above its 100 day SMA of 431.6

Vedanta Group invites EOI for Sterlite Copper plant restart activities

Business Line | 12 Jun 2023 1 more

Vedanta Ltd.

10 Jun 2023

434.00

0.37%

Been declared as "preferred bidder" for iron ore mine in Goa: Vedanta Ltd

Business Standard

Vedanta Ltd on Saturday said it has been declared as "preferred bidder" for an iron ore mine in Goa. The government of Goa had invited tenders to participate in electronic auction for grant of mining lease in respect of iron ore mines in the state, the company said in a regulatory statement. The company said it had submitted its bid for grant of mining lease. "As per the notice dated June 9, 2023, issued by the Directorate of Mines & Geology, Government of Goa, the company has been declared as 'preferred bidder' in respect of electronic auction of block VII - Cudnem mineral block based on highest final price offer of 93.15 per cent," it said. The grant lease by the Goa government shall be subject to making of necessary payments, completion of other terms and conditions of the tender document, Vedanta Ltd said. Iron ore is a key raw material used in steel manufacturing.

Vedanta Ltd. has an average target of 522.75 from 5 brokers.

Vedanta Ltd.

08 Jun 2023

434.00

0.37%

Vedanta Resources records $4.6 bn EBIDTA, $2.8 bn free cash flow in FY23

Business Standard

Vedanta Resources Ltd (Vedanta) on Thursday said it generated an EBITDA of USD 4.6 billion and a pre-capex free cash flow of USD 2.8 billion during financial year 2022-23. While the EBITDA (earnings before interest, taxes, depreciation and amortization) in FY23 was its second highest, the pre-capex cash flow was its all-time high, the company said in a statement. "Vedanta has generated EBITDA of USD 4.6 billion in FY23 and free cash flow pre-capex of USD 2.8 billion. It was accompanied by a significant improvement in its balance sheet position, with Vedanta gross debt falling from USD 9.8 billion to USD 7.8 billion in the twelve months to March 2023, with further continued deleveraging thereafter to a position of USD 6.4 billion as at end May 2023, as previously announced," it said. The company said it expects further improvement in its capital structure, based on the robust EBITDA and free cash flow estimates for FY24. As part of company's ongoing balance sheet management, all...

Vedanta Ltd. has an average target of 522.75 from 5 brokers.

Vedanta Ltd.

08 Jun 2023

434.00

0.37%

Vedanta group's net falls 67% as input costs soar

livemint

The company attributed the fall in profit and operating margins to an increase in raw materials such as imported alumina, thermal coal, carbon and coking coal

Vedanta Ltd. is trading below its 150 day SMA of 443.1

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