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Vedanta Ltd (VDAN.NS)

VDAN.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

Vedanta Says "Disappointed" Zambian Court Rejects Co's Bid To Join Liquidation Case
Thursday, 20 Jun 2019 

June 20 (Reuters) - Vedanta Ltd ::KCM UPDATE ON LEGAL PROCESS.VEDANTA, ON KCM LEGAL PROCESS, SAYS WAS GRANTED LEAVE TO APPEAL AND NO ORDER AS TO COSTS WAS MADE."DISAPPOINTED" JUSTICE BANDA-BOBO REJECTED APPLICATION TO JOIN TO CONFIRMATION HEARING FOR APPOINTMENT OF PROVISIONAL LIQUIDATOR FOR KCM."TO CHALLENGE ANY SALE OF THE BUSINESS".VEDANTA SAYS INTENDS TO TAKE URGENT ALTERNATIVE STEPS AGAINST ZCCM’S WINDING-UP PETITION.BELIEVES APPOINTMENT OF THE PROVISIONAL LIQUIDATOR, HAS PLACED KCM UNDER "ADDITIONAL FINANCIAL PRESSURE".VEDANTA SAYS KCM IS NOT FOR SALE AND VEDANTA WILL CHALLENGE ANY ATTEMPT TO SELL THE BUSINESS WITHOUT ITS CONSENT..VEDANTA SAYS RE-EMPHASISES THAT IT REMAINS OPEN TO ENGAGEMENT WITH GOVERNMENT TO RESOLVE KCM MATTER IN A MUTUALLY SATISFACTORY MANNER.  Full Article

Vedanta Invited Representatives Of ZCCM To Meet, Try Settling Dispute Amicably
Friday, 31 May 2019 

May 31 (Reuters) - Vedanta Ltd ::VEDANTA - UPDATE ON KCM SITUATION.VEDANTA - DURING THIS TIME IN ZAMBIA, VEDANTA EXECUTIVES HAVE NOT BEEN ABLE TO ENGAGE WITH KCM MANAGEMENT AND HAVE NOT BEEN ABLE TO VISIT OPERATION.VEDANTA - RAISED WITH MINISTER "NEED TO ENSURE SAFETY AND ENVIRONMENTAL PROTOCOLS" FOLLOWED AT KCM, ESPECIALLY ON TAILINGS DAM MANAGEMENT, DEWATERING.VEDANTA - DURING MEETINGS WITH GOVERNMENT. REPRESENTATIVES OF ZAMBIA, CO REITERATED COMMITMENT TO DEVELOPMENT & SUSTAINABILITY OF KONKOLA COPPER MINES.VEDANTA - HAS INVITED REPRESENTATIVES OF ZCCM INVESTMENTS HOLDINGS TO MEET WITH REPRESENTATIVES OF VEDANTA TO ATTEMPT TO SETTLE DISPUTE AMICABLY.VEDANTA - MATTER UNDER DISPUTE INCLUDES BREACH BY ZCCM OF KCM SHAREHOLDERS’ AGREEMENT IN FILING.VEDANTA - MATTER UNDER DISPUTE INCLUDES BREACH BY ZCCM IN PERSEVERING WITH PETITION TO WIND UP KCM.VEDANTA - MATTER UNDER DISPUTE INCLUDES FAILURE BY ZCCM TO SEEK TO HAVE THE DISPUTE RESOLVED BY ARBITRATION.  Full Article

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

Indian shares struggle in thin trade; Trump, Jinping meeting eyed

June 25 Indian shares were little changed in lacklustre trade on Tuesday as investors looked for cues from the upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping, while monsoon rains' progress report failed to push up stocks.