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Vedanta had approached the court seeking a stay on Adani Enterprises' Rs 14,500-crore resolution plan. In a setback to Vedanta Group, the Supreme Court on Monday declined to stay the implementation of Adani Enterprises' resolution plan for debt-ridden Jaiprakash Associates Ltd. A bench, led by Chief Justice (CJI) Surya Kant, noted that the insolvency proceedings are already listed for final hearing before the National Company Law Appellate Tribunal (NCLAT) on April 10, and therefore found no r ...Read More >
New Delhi [India], April 6 (ANI): The Supreme Court of India on Monday declined to stay proceedings in a plea filed by Vedanta Limited challenging the approval of Adani Group's resolution plan for the takeover of insolvent Jaiprakash Associates Limited. A Bench led by Chief Justice of India Surya Kant observed that since the appeal is likely to be decided shortly by the National Company Law Appellate Tribunal (NCLAT), and Vedanta's interests have been adequately safeguarded through interim meas ...Read More >
The Vedanta demermger will transform the Mumbai-listed company into a series of pureplay companies spanning aluminium, zinc, oil and gas, steel, and power, Agarwal told the Financial Times, giving them a "free hand to grow". He anticipates a significant rerating of the group's assets. While the conglomerate's current market capitalisation sits at roughly $27 billion, Agarwal suggested that the combined valuation of the independent entities could double. Under the new arrangement, a private pare ...Read More >
'After some days, the decision was changed. Don't want to go into the details. That is for the right forum,' says Anil Agarwal, chairman of Vedanta Resources. Anil Agarwal, chairman of Vedanta Resources Limited, on Sunday said the company had been declared the highest bidder for Jaiprakash Associates Ltd (JAL), but the outcome of the insolvency process was subsequently altered. In a post on X, Agarwal said the bidding process was conducted through a public auction by the committee of creditors ...Read More >
The demerger is designed to create independent, sector-focused companies with their own balance sheets and leadership teams. Management believes that this will allow each business to pursue tailored growth strategies, attract specialised investors and be valued more accurately by the market. The approval by National Company Law Tribunal (NCLT) of Vedanta Ltd's long-awaited demerger plan on Tuesday, marks a defining moment for one of India's largest natural resources conglomerates. The tribunal' ...Read More >
Vedanta's plan to demerge its oil-to-metals conglomerate into five separate listed entities has received approval from the National Company Law Tribunal (NCLT). This development comes despite earlier concerns from the government regarding the recovery of dues. Following the news, Vedanta's shares turned positive, rising 3.5%. The National Company Law Tribunal (NCLT) on Tuesday approved the Vedanta demerger plan, paving the way for the splitting of the metals-to-oil conglomerate sector-specific ...Read More >
Mumbai: The long legal wait around Vedanta's demerger has finally ended. The Mumbai bench of the National Company Law Tribunal (NCLT) has approved Vedanta Limited's demerger scheme, giving a major boost to the company and its shareholders. With this approval, Vedanta can now move ahead with plans to split its businesses into separate listed companies. All key approvals from shareholders, creditors, and SEBI had already been received earlier. The NCLT clearance was the last major regulatory hurd ...Read More >
New Delhi : Vedanta Limited, India's leading energy-transition metals, oil & gas, critical minerals, power and technology conglomerate, reaffirmed its commitment to accelerating India's clean-energy transition on the National Energy Conservation Day. The Group's decarbonisation strategy uses four levers: renewable energy expansion, switching to low-carbon fuels, energy and process efficiency, and carbon offsets. Leveraging a multi-pronged approach, till November FY26, Vedanta sourced 2.58 billi ...Read More >
VMPLNew Delhi [India], November 14: The Anil Agarwal Foundation (AAF), the social impact arm of the Vedanta Group, India's leading energy transition metals, oil & gas, critical minerals, power, and technology conglomerate announced a landmark moment in India's social impact journey. Nand Ghar, Vedanta's flagship social impact initiative, has surpassed the 10,000 centers milestone across 16 states, transforming the lives of over four lakh children and three lakh women every day, nationwide.Nand G ...Read More >
VMPL New Delhi [India], November 14: The Anil Agarwal Foundation (AAF), the social impact arm of the Vedanta Group, India's leading energy transition metals, oil & gas, critical minerals, power, and technology conglomerate announced a landmark moment in India's social impact journey. Nand Ghar, Vedanta's flagship social impact initiative, has surpassed the 10,000 centers milestone across 16 states, transforming the lives of over four lakh children and three lakh women every day, nationwide. Na ...Read More >
Bhubaneswar: Vedanta Aluminium, India's largest producer of aluminium, extended its support to the 'SURAVI' Children's Festival in Sundargarh district. Organized by the School and Mass Education Department, Government of Odisha, the event is designed as a nurturing platform to spot creativity and talent among young minds from local communities. More than 1500 students from 42 schools, representing six Gram Panchayats within the Hemgir and Lakhanpur blocks participated in the festival. The event ...Read More >
Panaji: State govt has announced that it will engage a third party to evaluate the grade of freshly extracted iron ore at mines, aiming to collect accurate royalty and premium on the average sale price determined by the Indian Bureau of Mines (IBM). This decision comes as the directorate of mines and geology (DMG) currently lacks a laboratory to assess ore grades.Director of mines and geology, Narayan Gad, said the IBM fixes different prices for iron ore grades ranging from 45Fe to 51Fe. He adde ...Read More >
Founder and Chairman of Vedanta Group Anil Agarwal at NDTV World Summit Vedanta Group Founder and Chairman Anil Agarwal on Friday said that India holds some of the world's richest reserves of gold and diamond but has yet to tap its full potential. Speaking at the NDTV World Summit on the theme 'Building Bharat: Purpose, Profit, Planet', Agarwal highlighted the country's vast natural wealth. "I can tell you one thing, I'm a geologist, again I'm saying the world best reserve is in India for gol ...Read More >
New Delhi: Vedanta Group Founder and Chairman Anil Agarwal on Friday said that today, nothing can happen without India's presence. Speaking at the NDTV World Summit 2025, Agarwal said I always believe that the world has progressed because of what lies 'below the ground.' Agarwal also pointed out India's vast reserves of precious ressources. "The world's best reserve of gold is in India. The best reserve of diamonds is also in India," he said, highlighting the country's rich mineral wealth. Addr ...Read More >
Vedanta has settled its long-standing dispute with Chinese firm Sepco Electric, clearing the way for its revenue-stream demerger, now expected by September-end. The settlement resolves all claims and withdraws pending arbitration over the Talwandi Sabo 3x660 MW thermal project. Vedanta has settled its dispute with Chinese firm Sepco Electric Power Construction Corp, effectively clearing the path for its proposed demerger along operational product lines. The revenue stream-wise demerger, initial ...Read More >
Bhubaneswar: Vedanta Aluminium, India's largest aluminium producer, has developed a dedicated fitness-cum-amusement park for 700 students of Ramakrishna Mission Ashrama School in Hatamuniguda, Rayagada. The park, equipped with a variety of play and fitness facilities, is designed to promote physical activity, recreation and holistic growth of students. The facility was inaugurated by Mr. Prateek Kumar, Vice President & Head, Vedanta Sijimali Bauxite Mines, in the presence of school authorities. ...Read More >
Mumbai, 21 August 2025: Shares of Vedanta Ltd. are increased by 0.36% as the board of the company has declared the second interim dividend of Rs 16 per share. The total amount of dividend payout will be Rs 6,256 crore. According to the exchange filing, the Board of Directors of Vedanta Limited at its meeting held on Thursday, August 21, 2025, has considered and approved the Second Interim Dividend of Rs 16/- per equity share on a face value of Rs 1/- per equity share for the Financial Year 2025 ...Read More >
New Delhi, July 19 (SocialNews.XYZ) Firing fresh salvo at Anil Agarwal-run Vedanta Group, US short-seller firm Viceroy Research said in its latest report that Vedanta Semiconductors is a 'sham' commodities trading operation designed to improperly avoid classification as a non-banking financial company (NBFC). According to Viceroy, "We believe that Vedanta Limited (VEDL) subsidiary, Vedanta Semiconductors Private Limited (VSPL), is a sham commodities trading operation designed to improperly avoi ...Read More >
Bhubaneswar: The state govt on Tuesday received investment intent worth Rs 4.5 lakh crore on the first day of Utkarsh Odisha-Make in Odisha Conclave 2025, and given the massive response the event has generated, chief minister Mohan Charan Majhi feels they could see proposals worth four times than the target of Rs 5 lakh crore that had been set in the run-up to the business summit. "The investment proposals are likely to take a big leap as the investors are highly encouraged by the PM's assuranc ...Read More >
NEW DELHI: Vedanta (Rs. 795.36 crore), Raymond(Rs. 757.14 crore), Titagarh Wagons(Rs. 440.58 crore), Waaree Energies(Rs. 423.69 crore), Zomato(Rs. 321.66 crore), ITI Ltd(Rs. 312.91 crore), BSE(Rs. 280.04 crore), HDFC Bank(Rs. 266.83 crore), Mazagon Dock Ship(Rs. 256.20 crore) and PNC Infratech(Rs. 252.12 crore) were among the most traded securities on the National Stock Exchange at 10:08AM in Wednesday's session. The NSE Nifty index traded 9.86 points up at 24619.9, while BSE Sensex was 5.84 po ...Read More >
STL Digital, an IT Services and Consulting Company (a wholly-owned subsidiary of Sterlite Technologies), announced the successful deployment of RISE with SAP S/4HANA Cloud for eight Vedanta companies (Hindustan Zinc, Sterlite Copper, Cairn Oil & Gas, Sesa Goa Iron Ore, Vedanta Aluminium, Vedanta Zinc International, ESL Steel, Vedanta Corporate), globally. Vedanta, a globally diversified natural resources, energy, and technology conglomerate, prioritizes operational excellence, timely execution ...Read More >
Bengaluru (Karnataka) [India], December 10: STL Digital Limited, an IT Services and Consulting Company [a wholly-owned subsidiary of STL (NSE: STLTECH)], announces the successful deployment of RISE with SAP S/4HANA Cloud for eight Vedanta companies (Hindustan Zinc Ltd., Sterlite Copper, Cairn Oil & Gas, Sesa Goa Iron Ore, Vedanta Aluminium, Vedanta Zinc International, ESL Steel Ltd, Vedanta Corporate), globally. Vedanta, a globally diversified natural resources, energy, and technology conglomera ...Read More >
Jaipur (Rajasthan) [India], November 29: The Vedanta Pink City Half Marathon (VPCHM) 2024 is back with its landmark 9th edition on 15th December 2024 in Jaipur. Organised by Vedanta in collaboration with Any Body Can Run (ABCR), the marathon embraces the inspiring theme #RunForZeroHunger, aiming to raise awareness and support for combating hunger and malnutrition. This highly anticipated event is expected to draw over 15,000 participants from across the country, including renowned personalities, ...Read More >
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