Vedanta Ltd

(VEDL)

Vedanta Faces Penalties Amidst Market Developments - 29 Nov, 2024

Vedanta Ltd. navigates various challenges, including a ₹35 crore penalty, a fine for disclosure non-compliance, and protests against its mining project, while maintaining a positive stock outlook with a target price of ₹510 from Investec.

Vedanta Shares Rise on Moody's Rating Upgrade - 28 Nov, 2024

Vedanta shares surged 2% following Moody's upgrade of Vedanta Resources' rating to B2. The upgrade reflects successful liability management and strategic investments, including a $2 billion project in Saudi Arabia.

Vedanta's Strategic Investments and Rating Upgrade - 27 Nov, 2024

Vedanta is investing $2 billion in Saudi Arabia for copper facilities, partnering with PwC for carbon reduction in Odisha, and receiving a ratings upgrade from Moody's, indicating improved financial stability.

Vedanta Announces Major Investment in Saudi Copper Projects - 26 Nov, 2024

Vedanta is set to invest $2 billion in Saudi Arabia to establish copper-processing facilities, enhancing the kingdom's metals ambitions. Additionally, Vedanta Resources raised $800 million through a bond issue to refinance debt, reflecting strong investor confidence.

Vedanta Moves Forward with Bond Sale and Demerger Plans - 25 Nov, 2024

Vedanta Ltd is set to hold meetings regarding a proposed demerger while also moving forward with a second dollar bond issuance to raise $500 million, testing investor interest amid the Adani controversy.

Vedanta's Demerger Plan Gains NCLT Approval - 23 Nov, 2024

Vedanta Ltd has been directed by the NCLT to convene meetings with stakeholders regarding its proposed demerger plan, aiming to split its diverse businesses into independent entities. The restructuring is expected to enhance growth and attract investment, with a projected $1.9 billion capex starting FY24. Vedanta reported a significant profit turnaround for the September quarter.

Vedanta Advances Demerger Amid Financial Developments - 22 Nov, 2024

Vedanta Ltd reports flat revenue growth but improved profits for H1FY25. The company postpones dollar bond issuance due to market volatility and receives NCLT approval for its demerger plan.

Vedanta Faces Market Volatility and Protests - 21 Nov, 2024

Vedanta Resources is navigating market volatility, deferring a $1.2 billion bond issuance while facing protests against its mining activities. Fitch maintains a positive outlook despite challenges.

Vedanta Advances Sustainability and Receives Positive Rating - 20 Nov, 2024

Vedanta Aluminium has partnered with GAIL for natural gas supply to reduce emissions significantly. Fitch Ratings assigned Vedanta a 'B-' rating with a positive outlook, while the Tamil Nadu government clarified no tungsten mining application was received from Vedanta.

Vedanta Shares Surge on China's Export Tax Changes - 18 Nov, 2024

Vedanta Ltd. shares rose significantly on November 18, 2024, following China's decision to withdraw export tax rebates for aluminium and copper, boosting market sentiment.

Vedanta's Strategic Moves and Industry Engagements - 17 Nov, 2024

Vedanta Aluminium is enhancing its Metal Bazaar platform to better serve SMEs. Chairman Anil Agarwal shared ambitious production goals despite challenges with the Tuticorin factory. Key industry leaders are set to attend a significant meet, showcasing Vedanta's industry connections.

Vedanta Faces Legal Setbacks but Sees Production Growth - 16 Nov, 2024

Vedanta's copper plant remains closed after the Supreme Court's dismissal of its review petition. Meanwhile, rising aluminium prices and production expansion plans signal potential growth.

Vedanta Faces Land Return, Penalties, and Stock Decline - 14 Nov, 2024

Vedanta Ltd is facing a Rs 320 crore penalty for unpaid cess, while the Odisha government prepares to return land for Vedanta University. The stock has declined over 15% from its September peak, despite positive earnings outlooks.

Vedanta Faces Penalty Amid Revenue Growth - 13 Nov, 2024

Vedanta Ltd faces a ₹319.79 crore penalty related to Videocon's unpaid cess, while also leading UK firms in India with significant revenue growth. The company escalates its mining rights dispute to arbitration, and shares fell 2.3% following the penalty news.

Vedanta Reports Strong Earnings and Strategic Investments - 12 Nov, 2024

Vedanta Limited announced record EBITDA of $2.47 billion for 1H 2024, despite a decline in standalone net sales. The company plans a $500 million investment in AvanStrate Inc. to boost display glass production.

Vedanta Reports Strong Profit and Strategic Investments - 11 Nov, 2024

Vedanta Ltd announces a $500 million investment in AvanStrate Inc. and reports a significant net profit of Rs 5,603 crore. Analysts foresee a 57% upside post-demerger, reflecting strong operational performance despite a slight decline in net sales.

Vedanta's Debt Reduction and Growth Plans Unveiled - 10 Nov, 2024

Vedanta Resources has successfully reduced its debt by $4.7 billion, achieving record EBITDA. The company plans to double production in key sectors and is progressing with a demerger into six independent firms to enhance shareholder value.

Vedanta Reports Strong Earnings and Demerger Progress - 09 Nov, 2024

Vedanta Ltd announced record EBITDA growth and a profit of Rs 5,603 crore for Q2 2025. The demerger process is on track for completion by March 2025.

Vedanta Reports Strong Q2 Profit and Strategic Expansions - 08 Nov, 2024

Vedanta Ltd reported a significant Q2 profit of ₹5,603 crore, reversing last year's loss. The board approved expansions in smelter capacity and acquisition of Sterlite Iron and Steel Company.

Vedanta Faces Earnings Decline Amid Mineral Auction Wins - 07 Nov, 2024

Vedanta Ltd reported a decline in Q2 earnings with a 21% drop in EBITDA due to commodity pressures. However, the company secured four critical mineral blocks, including vanadium and graphite mines, which may bolster future prospects. Shares fell 3.72%, impacting market capitalization significantly.