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Mumbai, Dec 16 (PTI) The National Company Law Tribunal (NCLT) on Tuesday approved the Vedanta demerger plan, paving the way for splitting the group into sector-specific entities across aluminium, oil and gas, power, and iron and steel. "The sanction to the company scheme is granted," the Mumbai bench of the tribunal, composed of Charanjeet Singh Gulati and Nilesh Sharma, said. NCLT had reserved the order after hearing the matter in November. Vedanta welcomed the NCLT order pronounced on Tuesd ...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 >
Mumbai, Dec 16 (PTI) 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 entities across aluminium, oil and gas, power, and iron and steel. "The sanction to the company scheme is granted," the Mumbai bench of the tribunal, comprising Charanjeet Singh Gulati and Nilesh Sharma said. NCLT had reserved the order after hearing the matter on November 12. The Ministry of Petroleum a ...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 >
Mumbai: Adani Enterprises, the flagship company of the Adani Group, is gearing up for another round of major value unlocking by listing multiple subsidiaries-including airports, metals, roads, and data centres-between 2027 and 2031, according to sources aware of the development. Over the next three years, the company expects several large assets to mature, setting the stage for fresh listings. This follows the trajectory from 2016 to 2020, when a host of companies under the incubator-Adani Tota ...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 >
Mumbai: The Securities and Exchange Board of India (Sebi) has kept its observations for the proposed initial public offer of Sterlite Electric in abeyance. The market regulator said in its communication on Monday, though did not specify a reason for this. Sterlite Electric, formerly known as Sterlite Power Transmission, is a specialised capital goods manufacturer in the power transmission and distribution sector. It is majorly-owned by Twin Star Overseas, while Vedanta Ltd held a 1.51% stake in ...Read More >
Ranchi will host the Women's Hockey India League for the second consecutive year, commencing December 28 and the final will be held on Jan 10. The revived men's HIL will feature Chennai and Bhubaneswar as new host cities, with the tournament kicking off January 3 in Chennai. The men's league expands to three cities to increase fan accessibility.Ranchi for a second year in a row was announced as the host city of Women's Hockey India League (HIL) while Chennai and Bhubaneswar will become the newes ...Read More >
Vedanta Group plans a significant Rs 1 lakh crore investment in Odisha. This expansion will generate over one lakh direct and indirect employment opportunities for the state. The investment includes a new ferro-alloys plant and two aluminium parks. The Odisha government has pledged full support for these projects, including land and infrastructure. The Vedanta Group will invest an additional Rs 1 lakh crore in Odisha, creating over one lakh direct and indirect employment opportunities, official ...Read More >
Bhubaneswar: Vedanta Group Chairman Anil Agarwal met Chief Minister Mohan Charan Majhi at Lok Seva Bhawan and discussed some new industrial projects in the state. During the meeting Vedanta expressed its willingness to invest about Rs 1 lakh crore in Odisha in the coming days. This will create more than 1 lakh direct and indirect employment opportunities in the state. The state government is also committed to promoting this investment and it is reported that the necessary land and other facilit ...Read More >
Bhubaneswar: In a major boost to Odisha's industrial growth, Vedanta Group chairman Anil Agarwal on Thursday met Odisha Chief Minister Mohan Charan Majhi at Lok Seva Bhawan and announced plans for large-scale investments in the state, including a Rs 2,000 crore ferro-alloy plant and two new aluminium parks. According to official sources, Vedanta will invest around Rs 1 lakh crore in Odisha over the coming years, creating over one lakh direct and indirect employment opportunities. The state gove ...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 >
New Delhi, Oct 17 (PTI) Vedanta group firm Hindustan Zinc Ltd on Friday reported a 13.8 per cent increase in consolidated net profit at Rs 2,649 crore for quarter ended September 30, 2025. The company had posted consolidated net profit of Rs 2,327 crore in the year-ago period. The consolidated income of the company in the July-September period increased to Rs 8,787 crore, over Rs 8,522 crore in the corresponding quarter of the previous financial year. Hindustan Zinc Ltd is a leading integrate ...Read More >
Mumbai, Oct 8 (PTI) The National Company Law Tribunal (NCLT) on Wednesday once again postponed the hearing on Vedanta's demerger proposal to October 29. On September 17, the Mumbai bench of NCLT had deferred the hearing on the matter till October 8, and also directed Vedanta as well as the Ministry of Petroleum and Natural Gas (MoPnG) to file written submissions on the matter within five days. Earlier on August 20, the tribunal had deferred the hearing on the Vedanta demerger to September 17 a ...Read More >
New Delhi, Oct 1 (PTI) Mining conglomerate Vedanta Resources has raised USD 500 million through the sale of a seven-year US dollar-denominated bond issue, which was oversubscribed three times. Vedanta Resources Finance II plc, a subsidiary of Vedanta Resources, said in an exchange filing that its USD 500 million bond issue attracted bids exceeding USD 1.6 billion, more than triple the issue size. The net proceeds from the offering will be used to repay existing debt and for general corporate p ...Read More >
Mumbai: Anil Agarwal-led Vedanta Ltd on Tuesday said it has extended the deadline for its demerger to March 2026, from the earlier deadline of September 30, 2025, citing pending approvals from the NCLT and other government authorities. The deadline was earlier extended from March 31 this year to September 30. Vedanta had earlier said that the demerger, when concluded, will allow it to operate its business verticals as standalone companies, helping it unlock greater value and improve operational ...Read More >
New Delhi [India], September 30 (ANI): The Delhi Half Marathon 2025, promoted by Procam International, is set to welcome one of the greatest athletes in history as its international event ambassador, with nine-time Olympic gold medallist Carl Lewis scheduled to flag off the prestigious race from Jawaharlal Nehru Stadium on October 12. Carl Lewis' phenomenal career continues to inspire generations of athletes and fans alike. He competed at four Olympic Games from 1984 to 1996, capturing a remark ...Read More >
Gitanjali J Angmo, wife of climate activist Sonam Wangchuk, alleges false narratives and propaganda are being spread against her husband following his NSA arrest and transfer to Jodhpur jail. She claims he is targeted for advocating Ladakh's Sixth Schedule and legislature, despite his patriotic contributions and past support for PM Modi. Angmo awaits his detention order to pursue legal action. Gitanjali J Angmo, wife of climate activist Sonam Wangchuk, says a false narrative and fake propaganda ...Read More >
MUMBAI: Vedanta Resources (VRL), the London-based parent of Mumbai-listed resources company Vedanta, plans to raise $500 million through seven-year dollar bonds to refinance a costly private credit facility, further paring debt and simplifying its capital structure. The senior notes, issued via Vedanta Resources Finance II, will be guaranteed by parent VRL and subsidiaries including Twin Star Holdings, Welter Trading, and Vedanta Holdings Mauritius II. The deal, launched under Rule 144A/Reg S, ...Read More >
MUMBAI: Vedanta Resources (VRL), the London-based parent of Mumbai-listed resources company Vedanta, plans to raise $500 million through seven-year dollar bonds to refinance a costly private credit facility, further paring debt and simplifying its capital structure. The senior notes, issued via Vedanta Resources Finance II, will be guaranteed by parent VRL and subsidiaries including Twin Star Holdings, Welter Trading, and Vedanta Holdings Mauritius II. The deal, launched under Rule 144A/Reg S, ...Read More >
Bengaluru, 29 September 2025: Axis Bank, one of the largest private sector banks in India, in collaboration with Freecharge, has unveiled Credit on UPI with Gold Loans - India's first gold-backed credit line accessible through the Unified Payments Interface (UPI). This innovative product is designed to unlock the economic potential of gold assets, especially for micro, small and medium enterprises (MSMEs), self-employed entrepreneurs and merchants across both urban and rural India. Credit on UP ...Read More >
MUMBAI (Reuters) -A wholly-owned subsidiary of Vedanta Resources plans to raise funds through sale of seven-year U.S. dollar-denominated bonds, two merchant bankers said on Monday. Vedanta Resources Finance II could look to raise around $750 million through these bonds over the next few days, which will have a call option at end of two years, the added. The proceeds will be used to repay a private credit facility, and any additional proceeds will be used to repay other debts and for general co ...Read More >
Jammu, 26 September 2025: The Indian Institute of Management Jammu, under the leadership of Prof. B.S. Sahay, Director, IIM Jammu, hosted a two day intensive workshop on Assurance of Learning AoL. The program was facilitated by Mr. Geoff Perry, Executive Vice President and Chief Officer, Asia Pacific, Americas, and Membership, AACSB. This workshop marks a significant milestone in IIM Jammu's journey toward AACSB accreditation, focusing on building faculty capacity and strengthening academic qu ...Read More >
New Delhi, Sep 16 (PTI) Vedanta Resources CEO Deshnee Naidoo on Tuesday exuded optimism that the demerger of its Indian arm Vedanta will be completed in the current financial year and stressed that her focus at present is on the restructuring of the company. The National Company Law Tribunal (NCLT) on Wednesday will hear Vedanta Ltd's proposed demerger of key business verticals into separate entities. "Yes, I'm very optimistic. I think for me the work right now is actually restructuring the or ...Read More >
New Delhi, Sep 16 (PTI) Vedanta Resources CEO Deshnee Naidoo on Tuesday exuded optimism that the demerger of its Indian arm Vedanta will be completed in the current financial year and stressed that her focus at present is on the restructuring of the company. The National Company Law Tribunal (NCLT) on Wednesday will hear Vedanta Ltd's proposed demerger of key business verticals into separate entities. "Yes, I'm very optimistic. I think for me the work right now is actually restructuring the or ...Read More >
Bhubaneswar, Sep 16 (SocialNews.XYZ) Kalinga Lancers have roped in Australian legend Jay Stacy as the new head coach of the team, ahead of the upcoming Hockey India League season. Stacy, who represented Australia in 321 international matches and four Olympic Games, winning three medals in 1992, 1996, and 2000, takes over from German coach Valentin Altenburg, who led the side in the previous campaign. "I am excited to begin a new chapter with Vedanta Kalinga Lancers and am thrilled to be return ...Read More >
Bhubaneswar, Sep 16 (PTI) Legendary Australian Jay Stacy was on Tuesday appointed head coach of Hockey India League side Vedanta Kalinga Lancers for the upcoming edition of the tournament, which was revived earlier this year. He will take over from German coach Valentin Altenburg, who led the side in the previous campaign. The 57-year-old tactician made 321 international appearances for Australia and was part of the national side that won three Olympic medals (silver, Barcelona 1992; bronze, A ...Read More >
Mumbai: The National Company Law Appellate Tribunal (NCLAT) has cleared the way for Talwandi Sabo Power Ltd's (TSPL) demerger from its parent company Vedanta Ltd, setting aside a lower court's order that put the proposed demerger on hold. The order comes after the counsel for Talwandi Sabo informed the NCLAT that it has reached a settlement with China's Sepco Electric Power Construction Corp. (Sepco) on 11 September. Sepco is one of the creditors of TSPL that objected to the demerger for allege ...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 >
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