Vedanta Limited , a leading diversified natural resources company, has recently made headlines as its Co-Chairman responded to a report by Viceroy Research and provided an update on the company's demerger process.

Response to Viceroy Research Report

Vedanta's Co-Chairman has taken a firm stance against the Viceroy Research report, describing it as "biased." The company plans to address the concerns raised in the report, although specific details of their response have not been disclosed at this time.

Demerger Process Update

In a significant development for the company's structure, the Co-Chairman emphasized that Vedanta's demerger process must be completed before September. This timeline underscores the importance and urgency of the restructuring for the company.

Company Performance and Future Outlook

While the recent news focuses on the Viceroy Research report and demerger timeline, it's worth noting that Vedanta has reported strong financial performance in the recent past. According to the Chairman's speech at the 60th Annual General Meeting (AGM):

• Vedanta achieved its highest-ever revenue of ₹1,50,000.00 crore.
• The company reported the second-highest EBITDA of over ₹40,000.00 crore.
• Vedanta emerged as the top wealth creator among NIFTY 100 companies, delivering total shareholder returns of 87.00%.

Strategic Investments and Expansion Plans

The company has outlined several strategic initiatives to drive growth:

1. Zinc Business: Hindustan Zinc is investing ₹12,000.00 crore in a new integrated smelting complex with a capacity of 2.50 lakh tonnes.

2. Oil & Gas: Plans to double production to 3.00 lakh barrels per day, with initiatives in deepwater exploration and increased activities in the Northeast.

3. Aluminium: Aims to expand production to 31.00 lakh tonnes, with plans for a new 30.00 lakh tonnes greenfield aluminium smelter.

4. Critical Minerals: Recently secured 10 critical mineral blocks to support key economic sectors.

Technology and Innovation Focus

Vedanta is embracing technology to enhance its operations:

• Implementing AI, IoT, and other advanced technologies across its plants.
• Planning to partner with 1,000 startups in the deep-tech space.
• Launching a stakeholder mobile app called "Vedanta Edge" for regular company updates.

Diversity and Leadership Development

The company is committed to increasing workforce diversity:

• Currently, 22.00% of the total workforce is female.
• 28.00% of leadership positions are held by women.
• Aiming to achieve 30.00% women representation by 2030.

As Vedanta navigates the challenges posed by the Viceroy Research report and works towards completing its demerger process, the company continues to focus on growth, innovation, and sustainability. The coming months will be crucial as stakeholders watch how Vedanta addresses these issues while pursuing its ambitious expansion plans.

Vedanta Limited , one of India's leading natural resources companies, has recently responded to a report by Viceroy Research and provided an update on its demerger process. The company's Co-Chairman has taken a firm stance against the Viceroy Research report, describing it as biased, and has expressed intentions to address the issues raised.

Response to Viceroy Research Report

The Co-Chairman of Vedanta has stated that the report published by Viceroy Research on the company is biased. While specific details of the report's contents were not disclosed, the company's leadership appears to be taking the matter seriously. The Co-Chairman's statement suggests that Vedanta plans to respond to the allegations or criticisms presented in the Viceroy Research report, although the exact nature and timing of this response remain unclear.

Demerger Process Update

In a significant development for the company's structure, the Co-Chairman has provided an important timeline for Vedanta's ongoing demerger process. According to the statement, the demerger must be completed before September. This announcement gives shareholders and market observers a clear deadline for this major corporate restructuring.

The demerger, once completed, is likely to have substantial implications for Vedanta's operations and possibly its market valuation. However, specific details about which parts of the business will be affected by the demerger or the strategic rationale behind this move were not provided in the Co-Chairman's statement.

Company's Recent Performance

While not directly related to the Viceroy Research report or the demerger process, it's worth noting some of Vedanta's recent financial highlights as context for these developments. According to the Chairman's speech at the company's 60th Annual General Meeting (AGM), Vedanta achieved its highest-ever revenue of ₹1,50,000.00 crore, along with the second-highest EBITDA of over ₹40,000.00 crore.

Future Outlook

Vedanta appears to be positioning itself for future growth across various sectors. The Chairman's AGM speech highlighted plans for expansion in zinc production, oil and gas exploration, and aluminum production. The company is also focusing on critical minerals, having recently won 10 critical mineral blocks.

As Vedanta navigates these challenges and opportunities, investors and industry observers will be keenly watching how the company addresses the Viceroy Research report and executes its demerger process within the stated timeline. These developments could have significant implications for Vedanta's future strategic direction and market position in the natural resources sector.