Edition:
United Kingdom

Vedanta Ltd (VDAN.BO)

VDAN.BO on Bombay Stock Exchange

163.85INR
24 May 2019
Change (% chg)

Rs6.60 (+4.20%)
Prev Close
Rs157.25
Open
Rs160.20
Day's High
Rs164.55
Day's Low
Rs155.60
Volume
940,659
Avg. Vol
747,672
52-wk High
Rs258.30
52-wk Low
Rs145.90

Latest Key Developments (Source: Significant Developments)

Vedanta Resources Says KCM Seeking To Meet With Govt To Discuss Future Of KCM
Tuesday, 21 May 2019 

May 21 (Reuters) - VEDANTA RESOURCES::CO, KONKOLA COPPER MINES AWARE OF MEDIA REPORTS THAT ZAMBIAN STATE OWNED CO ZCCM-IH HAS OBTAINED AN ORDER AGAINST KCM.VEDANTA RESOURCES SAYS "KCM IS SEEKING TO MEET WITH THE GOVERNMENT AS A MATTER OF URGENCY TO DISCUSS THE FUTURE OF KCM".CO, KCM REITERATE REQUEST FOR IMMEDIATE AND URGENT MEETING WITH EDGAR LUNGU, PRESIDENT OF ZAMBIA, TO DISCUSS MATTER.  Full Article

Indian court allows Vedanta to participate in alumina tender floated by NALCO
Tuesday, 26 Mar 2019 

March 26 (Reuters) - Indian court says::ALLOWS VEDANTA TO PARTICIPATE IN ALUMINA TENDER FLOATED BY NATIONAL ALUMINIUM COMPANY .  Full Article

Vedanta Says CRISIL Revises Outlook On Co To Stable From Positive
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - Vedanta Ltd ::SAYS CRISIL REVISED RATINGS FOR CO FROM CRISIL AA/POSITIVE/CRISIL A1+ TO CRISIL AA/STABLE/CRISIL A1+.  Full Article

Vedanta Says SC Upheld NGT's Order Allowing Co To Reopen Tuticorin Copper Smelter
Tuesday, 8 Jan 2019 

Jan 8 (Reuters) - Vedanta Ltd ::SC PASSED ORDER TO UPHOLD NGT'S ORDER ALLOWING VEDANTA TO REOPEN ITS COPPER SMELTER AT TUTICORIN.SAYS SC FURTHER STAYED IMPUGNED ORDER WHICH HAD GRANTED STATUS QUO ON NGT ORDER PASSED BY MADURAI BENCH OF MADRAS HIGH COURT.SAYS APPROACHING STATE GOVERNMENT FOR NECESSARY APPROVALS FOR RESTARTING SMELTER AS PER SC DIRECTIONS.  Full Article

Vedanta's Qtrly Copper India Cathode Output Falls 86 Pct To 15,000 Tonnes
Friday, 12 Oct 2018 

Oct 12 (Reuters) - Vedanta Resources Plc::TOTAL ZINC INTERNATIONAL PRODUCTION FOR Q2 FY2019 WAS 28KT, LOWER BY 34 PERCENT Y-O-Y .VEDANTA RESOURCES Q2 FY19 PRODUCTION RELEASE.AVERAGE GROSS OIL & GAS PRODUCTION OF 186 KBOEPD FOR Q2 FY2019, UP 3 PCT Y-O-Y.GOA IRON ORE OPERATIONS REMAIN SUSPENDED DUE TO STATEWIDE DIRECTIVE FROM SUPREME COURT.STEEL PRODUCTION AT 285KT FOR Q2 FY2019, UP 16 PCT Y-O-Y.QUARTERLY ALUMINIUM PRODUCTION AT 494KT, UP 23 PCT Y-O-Y.QTRLY COPPER ZAMBIA OUTPUT 49,000 TONNES VERSUS 54,000 TONNES.QTRLY COPPER INDIA CATHODE OUTPUT 15,000 TONNES VERSUS 106,000 TONNES.VEDANTA, ON HALTED SMELTING OPERATIONS AT TUTICORIN, SAYS INDEPENDENT COMMITTEE WILL GO THROUGH REPORTS PRODUCED ON ISSUE OF ENVIRONMENTAL COMPLIANCE.VEDANTA, ON HALTED SMELTING OPERATIONS AT TUTICORIN, SAYS NGT REFERRED MATTER TO INDEPENDENT COMMITTEE AFTER CO'S APPEAL.EXPECT INDEPENDENT COMMITTEE TO TAKE DECISION IN Q3 FY2019 ON TUTICORIN SMELTING OPERATIONS.  Full Article

India's Ion Exchange Signs Contract Worth 4.39 Bln Rupees
Thursday, 16 Aug 2018 

Aug 16 (Reuters) - Ion Exchange (India) Ltd ::SIGNED CONTRACT FOR ENGINEERING, PROCUREMENT, SUPPLY AND CONSTRUCTION OF WATER TREATMENT PLANT WORTH 4.39 BILLION RUPEES.SAYS ORDER FROM CAIRN OIL & GAS, DIVISION OF VEDANTA LIMITED.  Full Article

India's Vedanta June-Qtr Consol Net Profit Rises 2.1 Pct
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Vedanta Ltd ::JUNE QUARTER CONSOL NET PROFIT 15.33 BILLION RUPEES VERSUS PROFIT OF 15.01 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR JUNE QUARTER CONSOL PROFIT WAS 21.56 BILLION RUPEES.JUNE QUARTER CONSOL REVENUE FROM OPERATIONS 222.06 BILLION RUPEES VERSUS 193.42 BILLION RUPEES LAST YEAR.SAYS CONFIDENT OF PROGRESSIVE VOLUME UPLIFT IN COMING QUARTERS ACROSS PORTFOLIO.SAYS AS ON 30 JUNE 2018, GROSS DEBT AT 651.61 BILLION RUPEES AND NET DEBT AT 299.10 BILLION RUPEES."GROWING ACROSS BUSINESSES AND REITERATE FY2019 GUIDANCE".  Full Article

Vedanta Approves Issue Of NCDs Worth Up To 15 Bln Rupees On Private Placement Basis
Tuesday, 3 Jul 2018 

July 3 (Reuters) - Vedanta Ltd ::APPROVED ISSUE OF UP TO 15,000 NCDS AGGREGATING UP TO 15 BILLION RUPEES IN ONE OR MORE TRANCHES ON PRIVATE PLACEMENT BASIS.  Full Article

Madras High Court Bans Sterlite Tuticorin Unit's Expansion - CNBC TV18
Wednesday, 23 May 2018 

May 23 (Reuters) - :MADRAS HIGH COURT BANS STERLITE TUTICORIN UNIT'S EXPANSION - CNBC TV18.  Full Article

Vedanta Ltd Q4 Zinc India Total Mined Metal Production Down 18 Pct
Wednesday, 11 Apr 2018 

April 11 (Reuters) - Vedanta Ltd ::SAYS Q4 AVERAGE GROSS PRODUCTION ACROSS ASSETS WAS 190,172 BOEPD, HIGHER BY 3 PERCENT Q-O-Q AND Y-O-Y.SAYS TOTAL MINED METAL PRODUCTION FOR ZINC INDIA IN Q4 WAS 255,000 TONNES, DOWN 18 PERCENT Y-O-Y.SAYS CATHODE PRODUCTION FOR Q4 FY2018 WAS 106,000 TONNES, UP 3 PERCENT Y-O-Y.SAYS ALUMINIUM PRODUCTION IN Q4 FY2018 WAS AT 477,000 TONNES, UP 35% Y-O-Y.SAYS DURING Q4 FY2018, POWER SALES WERE 3,109 MILLION UNITS, DOWN 10 PERCENT.SAYS CO IS REVIEWING "CARRYING VALUE OF ITS OIL AND GAS ASSETS".SAYS Q4 PIG IRON PRODUCTION WAS AT 182,000 TONNES, STABLE Y-O-Y.SAYS ZINC INTERNATIONAL TOTAL PRODUCTION FOR Q4 WAS 35,000 TONNES, DOWN 14 PERCENT Y-O-Y.SAYS 'CLOSURE OF GROUP'S IRON ORE BUSINESS IN GOA WOULD NOT HAVE MATERIAL IMPACT ON GROUP'S PROFITABILITY'.  Full Article

Photo

Vedanta's Zambia liquidation case adjourned until June 4

LUSAKA/JOHANNESBURG A court hearing between Vedanta and the government of Zambia over control of its Konkola Copper Mines (KCM) business was adjourned on Friday until June 4.