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Latest news about Vedanta

Vedanta Loses Control of Cambay Basin Oil Block as Government Denies Extension 2 days ago

The Government of India has rejected Vedanta's request to extend the production sharing contract for the CB-OS/2 offshore oil and gas block in Gujarat's Cambay basin. The contract expired on June 30, 2023. ONGC has been asked to take over interim operations. The block produces about 3,400 barrels of oil and 3.4 lakh standard cubic meters of gas daily from the Lakshmi and Gauri fields. This block accounts for less than 0.3% of Vedanta's overall EBITDA. This rejection follows earlier government objections to Vedanta's demerger plan, marking two recent setbacks for the company's oil and gas operations.

Vedanta Ltd Refutes Ongoing Investigation Claims, Secures Preferred Bidder Status for Manganese Block 6 days ago

Supreme Court Judge Recuses from Vedanta PIL Case, New Bench to Hear Matter 6 days ago

Vedanta Secures Preferred Bidder Status for Punnam Manganese Block in Andhra Pradesh 6 days ago

Vedanta Faces NCLT Disclosure Requirements in Demerger Case 8 days ago

More news about Vedanta

17Sept 25

Vedanta Shares Fall 4% as Government Intensifies Opposition to Demerger Plan

Vedanta Limited's proposed corporate restructuring faces significant challenges as the Indian government reinforces its opposition to the company's demerger plan. The government has expressed concerns about potential financial risks and alleged misrepresentation of hydrocarbon assets. Vedanta's shares dropped nearly 4% following increased government opposition. The Ministry of Petroleum and Natural Gas raised concerns about revenue inflation and under-reporting of liabilities. SEBI issued a warning letter to Vedanta for altering the demerger scheme after securing approvals. The company reported an 11.7% decline in Q1 consolidated net profit, while revenue increased by 5.75%. Vedanta awaits the NCLT's decision on its demerger, expected to complete in FY26.

17Sept 25

Vedanta's Demerger Petition Hearing Deferred to October 8 Amid Corporate Restructuring

The Mumbai branch of the National Company Law Tribunal (NCLT) has deferred the hearing for Vedanta Limited's demerger petition to October 8. This is part of Vedanta's ongoing corporate restructuring plan to split the business into six independent companies. The plan received over 99.50% shareholder approval. Recently, the National Company Law Appellate Tribunal (NCLAT) cleared the demerger of Talwandi Sabo Power Ltd after a settlement with creditor Sepco Electric Power Construction Corp. Vedanta Resources CEO Deshnee Naidoo remains optimistic about completing the demerger in the current financial year.

16Sept 25

NCLAT Overturns Tribunal Rejection, Paving Way for Vedanta's Restructuring Scheme

The National Company Law Appellate Tribunal (NCLAT) has set aside an order rejecting the scheme of arrangement filed by Talwandi Sabo Power Limited (TSPL), a subsidiary of Vedanta Limited. This decision follows a settlement between TSPL and Sepco Electric Power Construction Corporation. The NCLAT has directed the lower tribunal to proceed with first motion applications and decide on convening meetings within a week. The restructuring scheme involves Vedanta Limited and four resulting companies: Vedanta Aluminium Metal Limited, Talwandi Sabo Power Limited, Malco Energy Limited, and Vedanta Iron and Steel Limited.

15Sept 25

Vedanta's TSPL Settles Dispute with SEPCO, Stock Unchanged Despite High Dividend Yield

Vedanta Limited's subsidiary, Talwandi Sabo Power Limited (TSPL), has reached a settlement agreement with SEPCO Electric Power Construction Corp, resolving all outstanding claims and ending ongoing arbitration proceedings. Despite this positive development, Vedanta's shares remained nearly unchanged at ₹454.40. The company maintains its position as India's highest dividend-yielding private company with a 6.9% yield, having distributed ₹91,200.00 crore in dividends since FY22. Vedanta reported a net profit of ₹14,988.00 crore in FY25, a significant increase from the previous year. However, concerns persist over delays in Vedanta's proposed demerger and its acquisition of Jaiprakash Associates.

12Sept 25

Vedanta Settles Legacy Disputes, Reports Mixed Quarterly Results

Vedanta Limited's subsidiary, Talwandi Sabo Power Limited (TSPL), has settled all disputes with SEPCO Electric Power Construction Corporation regarding EPC contracts for a 3x660 MW Thermal Power Project. The agreement resolves all claims and counter-claims, ending pending arbitration. Vedanta also reported Q2 results with a 12% drop in consolidated net profit to ₹3,185 crore, while revenue increased by 5.8% to ₹37,824 crore. EBITDA remained flat at ₹9,918 crore with margins declining to 26.20%. The company's Lanjigarh refinery achieved record alumina production, and business segments like Aluminium, Oil and Gas, and Zinc International performed above analyst estimates.

08Sept 25

Vedanta Boosts EV Metal Production Amid Legal Challenges

Vedanta announced a capital expenditure of over 125 billion rupees to increase metal production for the electric vehicle industry. Simultaneously, a Supreme Court judge recused himself from hearing a Public Interest Litigation (PIL) against Vedanta, Hindustan Zinc Limited, and Vedanta Resources. The PIL alleges financial misconduct, including manipulation, regulatory violations, and undisclosed transactions. The petition seeks investigations by SEBI, RBI, and the Ministry of Corporate Affairs.

08Sept 25

Vedanta Outbids Adani with ₹17,000 Crore Offer for Jaiprakash Associates

Vedanta Ltd. has emerged as the frontrunner to acquire Jaiprakash Associates, outbidding competitors including the Adani Group with a ₹17,000 crore offer. This bid surpasses the ₹12,000 crore reserve price set for the acquisition. Jaiprakash Associates, undergoing insolvency proceedings, faces ₹59,000 crore in creditor claims. While Vedanta's shares gained 2.30%, analysts express concerns about the acquisition's impact on minority shareholders and the company's focus on an unrelated business sector. Vedanta's ability to fund the acquisition and its effect on the company's deleveraging efforts are key points of discussion.

05Sept 25

Vedanta Poised to Acquire Jaiprakash Associates with ₹17,000 Crore Bid

Vedanta has emerged as the frontrunner to acquire Jaiprakash Associates, outbidding competitors with a ₹17,000 crore offer. The bid provides a net value of ₹12,500 crore to lenders. Other contenders included Adani Group, Dalmia Bharat, PNC Infratech, and Jindal Group. This acquisition could expand Vedanta's presence in the infrastructure and cement sectors, diversifying its portfolio beyond its current operations in natural resources.

03Sept 25

Vedanta's Odisha Project Halted Amid Tribal Rights Violation Allegations

Vedanta Limited's project in Odisha has been suspended by the state government following allegations of tribal rights violations. The suspension is pending an examination of the claims, which potentially involve issues related to land acquisition, environmental impact, or disruption of traditional livelihoods. This development could significantly impact Vedanta's operations and future projects in the region. The situation highlights the ongoing tension between industrial development and indigenous rights in India, with potential implications for how similar cases are handled in the future.

01Sept 25

Vedanta Unveils Rs 450 Crore Employee Stock Options Scheme for FY25

Vedanta Ltd has unveiled an Employee Stock Options Scheme (ESOS) worth Rs 450 crore for the financial year 2025. The scheme allows employees to purchase company shares at Rs 1.00 and includes both top management and entry-level professionals. Vedanta has increased its equity awards by over 80% in the past five years, demonstrating a strong commitment to employee incentives and retention. The company operates in sectors such as oil and gas, zinc, lead, silver, copper, iron ore, and steel, with a global presence in countries including India, South Africa, and Namibia.

28Aug 25

Vedanta Unveils ₹81,743 Crore Expansion Plan Targeting 18% EBITDA Growth

Vedanta Limited announces a massive expansion plan with ₹81,743 crore in capital expenditure, aiming to significantly boost production capacities across its five business segments. The company plans to increase aluminium smelting capacity to 3.1 MTPA, zinc-lead capacity to 1.38 MTPA, steel capacity to 3.5 MTPA, oil production to 125-150 kboepd, and merchant power capacity to 4.78 GW. Vedanta projects its consolidated EBITDA to grow from $5.19 billion in FY25 to $8.45 billion in the medium term, representing an 18% CAGR. The strategy focuses on vertical integration, cost reduction, and increasing value-added product offerings.

21Aug 25

Vedanta Declares ₹16 Per Share Second Interim Dividend for FY26

Vedanta Limited has announced a second interim dividend of ₹16.00 per equity share for FY 2025-26, totaling approximately ₹6,256.00 crore. The record date is set for August 27, 2025. This follows a first interim dividend of ₹7.00 per share paid in June. Vedanta's shares closed at ₹447.10 on NSE, up 0.36%. The company has a significant retail investor base of 20.3 lakh shareholders owning 11.6% of the company.

20Aug 25

Vedanta Denies Halting Demerger Process Amid Government Objections and SEBI Warning

Vedanta Limited's shares fell over 2% following multiple challenges to its proposed demerger plan. The National Company Law Tribunal postponed hearings to September 17 due to objections from the Central Government and a warning from SEBI. The government raised concerns about potential hindrance to due recovery and alleged concealment of information. SEBI issued an administrative warning for modifications made to the demerger scheme post-NOC. Despite these issues, Vedanta's board is set to meet on August 21 to consider a second interim dividend. Additionally, Vedanta's subsidiary BALCO received a penalty order from the Income Tax Department.

20Aug 25

Vedanta Reviews Supreme Court Order, Faces Regulatory Challenges

Vedanta Limited is reviewing a Supreme Court order and evaluating legal options while addressing SEBI's concerns about its demerger plan. SEBI warned Vedanta against modifying the demerger plan post-approval. The company's subsidiary, BALCO, received a tax penalty of Rs. 80.96 lakh for AY 2012-13 and plans to appeal. Vedanta is also transferring unclaimed shares to the Investor Education and Protection Fund.

18Aug 25

Vedanta to Consider Second Interim Dividend Amid Mixed Q1 Performance

Vedanta Limited's board will meet on August 21, 2025, to consider a second interim dividend for FY2025-26, with August 27, 2025, set as the record date. This comes after Q1 results showing a 12% drop in net profit to ₹3,185.00 crore, despite a 5.8% increase in revenue to ₹37,824.00 crore. EBITDA remained flat at ₹9,918.00 crore with a narrowed margin of 26.20%. The company's net debt stands at ₹58,220.00 crore. Vedanta's shares closed up 1.82% at ₹438.10, reflecting positive market sentiment.

13Aug 25

PIL in Supreme Court Seeks Probe into Viceroy's Allegations Against Vedanta

A Public Interest Litigation (PIL) has been filed in India's Supreme Court calling for an investigation into allegations made by Viceroy Research against the Vedanta group. The petition urges action from the Centre, SEBI, and RBI. Viceroy's report labeled Vedanta Resources as a 'parasite' holding company, claiming it's draining Vedanta Limited and violating various regulations. The petitioner asserts that some allegations can be corroborated with public information. Vedanta has rejected the claims as malicious and selective misinformation. The case could have significant implications for corporate governance standards and regulatory oversight in India.

01Aug 25

Vedanta Reports Record Q1 EBITDA, Adjusted PAT Jumps 13% YoY

Vedanta Limited achieved its highest-ever first quarter EBITDA of ₹10,746.00 crore, up 5% year-on-year. Consolidated revenue increased 6% to ₹37,434.00 crore. The company saw significant operational milestones across segments, including record quarterly alumina production and highest-ever first quarter mined metal production in Zinc India. Vedanta generated ₹3,028.00 crore from a 1.6% stake sale in Hindustan Zinc Limited and improved its Net Debt/EBITDA ratio to 1.3x. The company's strong performance and strategic initiatives position it well for continued growth.

31Jul 25

Vedanta Secures Interim Protection Against SAFEMA Penalty, Reports Strong Q1 Results

Vedanta Limited obtained interim protection from the Bombay High Court against penalty recovery related to a SAFEMA appeal. The company also reported robust Q1 financial results with consolidated revenue of ₹37,434 crore (up 6% YoY), EBITDA of ₹10,746 crore (up 5% YoY), and adjusted PAT of ₹5,000 crore (up 13% YoY). Operational highlights include record alumina production and strong performance across various segments. The company declared an interim dividend of ₹7 per share and maintained a strong financial position with improved Net Debt/EBITDA ratio.

31Jul 25

Vedanta Secures Interim Protection from Bombay High Court Against SAFEMA Penalty Recovery

Vedanta Limited has obtained interim protection from the Bombay High Court against the recovery of penalties related to a SAFEMA appeal. The court order, dated July 30, 2025, grants temporary relief subject to conditions. This follows a previous order from the SAFEMA Appellate Tribunal disclosed in November 2024. The appeals have been admitted, indicating ongoing legal proceedings. Despite these challenges, Vedanta reported strong Q1 results with consolidated revenue up 6% year-on-year to ₹37,434 crore, EBITDA up 5% to ₹10,746 crore, and adjusted PAT up 13% to ₹5,000 crore. The company also achieved record production levels across various segments.

31Jul 25

Vedanta Boosts Gamsberg Expansion, Reports Strong Q1 Performance

Vedanta Limited approved an additional $84 million investment for the Gamsberg Phase II Expansion Project, increasing plant capacity to 8.4 Mtpa. The company reported robust Q1 FY2026 results with consolidated revenue of ₹37,434 crore (+6% YoY), EBITDA of ₹10,746 crore (+5% YoY), and adjusted PAT of ₹5,000 crore (+13% YoY). Operational highlights include record quarterly alumina production and highest-ever first quarter mined metal production in Zinc India. The company maintained a strong financial position with a Net Debt to EBITDA ratio of 1.3x and cash equivalents of ₹22,137 crore.

31Jul 25

Vedanta Q1 Revenue Rises to 378B Rupees, Net Profit Declines to 32B Rupees

Vedanta Ltd. reported mixed quarterly results with revenue increasing by 5.59% to 378.00 billion rupees, while net profit declined by 11.26% to 32.00 billion rupees. EBITDA slightly decreased to 99.20 billion rupees, with the EBITDA margin falling to 26.22% from 27.81% year-over-year. The company's performance reflects challenges in the commodity markets and pressure on profitability despite improved operational efficiency.

31Jul 25

Vedanta Resources Seeks to Refinance $550 Million Debt at Lower Rates

Vedanta Resources is seeking investor approval to prepay a $550 million private credit facility. The company plans to refinance with a $700 million loan from a bank consortium at a lower interest rate. This move is part of Vedanta's broader debt optimization strategy, which has already reduced group debt by $700 million and improved its net debt-to-EBITDA ratio to 2.00x from 2.70x. The refinancing is expected to significantly lower the company's short-term funding costs.

30Jul 25

Vedanta to Announce Q1FY26 Results on July 31, Schedules Earnings Call

Vedanta Limited will release its Q1FY26 unaudited financial results on July 31, followed by an earnings call from 5 p.m. to 6 p.m. IST. The company has closed the trading window for designated persons from July 1 to August 2. In Q4FY25, Vedanta reported a 118% increase in consolidated PAT to ₹4,961.00 crore and a 14.20% increase in total income to ₹41,216.00 crore. Recently, Vedanta's stock has declined 4.17% over five trading sessions and was trading at ₹436.45 on the NSE, down 0.69%.

28Jul 25

Vedanta Limited Announces Board Meeting and Q1 FY2026 Results Conference Call

Vedanta Limited has announced a Board of Directors meeting on July 31, 2025, to review Q1 FY2026 financial results. An earnings conference call is scheduled for the same day from 5:00 PM to 6:00 PM IST, with international dial-in options provided. The company has implemented a trading window closure for designated persons from July 1 to August 2, 2025, in compliance with SEBI regulations. A recording of the call will be available on the company's website on August 1, 2025.

23Jul 25

Vedanta Secures Preferred Bidder Status for Janthakal Iron Ore Mine in Karnataka

Vedanta Limited has been declared the preferred bidder for the Janthakal Iron Ore Mine in Karnataka following an e-auction by the state government. The mine covers 71.16 hectares and is at G3 level exploration stage. Vedanta must complete several steps, including payment of performance guarantee and obtaining necessary approvals, before securing the mining license. This development aligns with Vedanta's strategy to strengthen its position in the iron ore market.

19Jul 25

Crisil and ICRA Reaffirm Vedanta's Credit Ratings, Dismissing Short-Seller Concerns

Crisil and ICRA have reaffirmed their credit ratings for Vedanta Limited, countering recent allegations by US short-seller Viceroy Research. Crisil maintained its 'CRISIL AA / Watch Developing / CRISIL A1+' ratings for Vedanta and 'AAA' for Hindustan Zinc. ICRA reaffirmed its 'ICRA AA / Watch Developing / ICRA A1+' ratings. Both agencies conducted independent evaluations, finding no adverse reactions from lenders or investors. ICRA noted Vedanta's improved leverage ratio and healthy profitability in aluminium and zinc operations. The company's management dismissed the short-seller's claims as baseless, and Vedanta obtained an independent legal opinion to address the allegations.

11Jul 25

Vedanta Gains Ground in Oil Field Arbitration: Delhi HC Allows Additional USD 157 Million Adjustment

The Delhi High Court has ruled in favor of Vedanta Limited in an ongoing oil field arbitration case, rejecting a plea to halt the company's deductions. Vedanta is now allowed to adjust an additional USD 157.00 million, on top of the USD 377.00 million already adjusted, totaling USD 534.00 million in financial adjustments. This decision strengthens Vedanta's position in the arbitration proceedings and could have significant implications for the company's financial position and operations in the oil and gas sector.

10Jul 25

Vedanta Co-Chairman Addresses Viceroy Research Report, Emphasizes Demerger Timeline

Vedanta's Co-Chairman dismissed Viceroy Research's report as 'biased' and announced that the company's demerger process must be completed before September. The company recently reported its highest-ever revenue of ₹1,50,000 crore and plans significant expansions in zinc, oil & gas, and aluminium sectors. Vedanta is also focusing on technology implementation and increasing workforce diversity.

10Jul 25

Vedanta Co-Chairman Addresses Viceroy Research Report, Outlines Demerger Timeline

Vedanta Limited's Co-Chairman has called a Viceroy Research report on the company biased and plans to address its issues. The company's demerger process must be completed before September. Vedanta recently reported its highest-ever revenue of ₹1,50,000.00 crore and second-highest EBITDA of over ₹40,000.00 crore. The company is expanding in zinc, oil and gas, aluminum, and critical minerals sectors.

10Jul 25

Viceroy Research to Alert SEBI on Vedanta's Resources Issue

Short-selling firm Viceroy Research plans to contact the Securities and Exchange Board of India (SEBI) regarding an undisclosed issue related to Vedanta Limited's resources. This move could potentially lead to increased regulatory scrutiny for the diversified natural resources company. The specific nature of the concern remains undisclosed, but it has drawn attention due to Vedanta's significant position in the Indian mining and resources sector. The development may impact investor confidence and Vedanta's market performance, pending further details and potential regulatory action.

10Jul 25

Vedanta Resources Faces Leadership Shake-up as Top Mining and Metals Executive Resigns

A high-ranking executive overseeing Vedanta Resources' mining and metals operations has stepped down, as reported by Bloomberg. This departure could potentially impact the company's strategic direction in these crucial sectors. The resignation comes at a time when the global mining and metals industry faces various challenges and opportunities. Vedanta Resources has not yet made an official statement regarding the resignation or any potential successor for the position.

09Jul 25

Vedanta Strongly Refutes Viceroy Research Report, Questions Timing and Motives

Vedanta, a major mining and metals company, has strongly refuted a report by Viceroy Research, calling it false and misleading. The company questions the report's timing and suggests it may be an attempt to undermine upcoming corporate initiatives. Vedanta alleges that the report's authors might have financial motives, possibly aiming to create market hype for personal gain. The company's response highlights the potential impact on investor sentiment and market perception, though specific rebuttals to individual claims were not provided.

09Jul 25

Vedanta Grapples with Mounting Debt Pressure as Parent Company Drains Cash Reserves

Vedanta, an Indian mining and metals conglomerate, is experiencing increased financial strain due to escalating debt concerns, as reported by Viceroy. The company's financial stability is under scrutiny as its parent entity, Vedanta Resources Limited (VRL), continues to extract funds from the subsidiary's cash reserves. Vedanta's consolidated balance sheet shows a 6.54% increase in total assets, but an 8.40% rise in non-current liabilities. While total equity grew by 27.77%, current liabilities still significantly outweigh current assets, potentially leading to liquidity issues. The company has not yet responded to the report or allegations regarding cash extractions by VRL.

03Jul 25

Vedanta Achieves Record Alumina Production and Boosts Zinc Output in Q1 FY26

Vedanta has achieved its highest ever alumina production and increased zinc output in the first quarter of fiscal year 2026. The company set a new benchmark in alumina production, showcasing operational efficiency in this crucial raw material for aluminum. Additionally, Vedanta reported growth in zinc output, indicating strong performance in the base metals sector. These achievements signal a robust start to FY26 for Vedanta, potentially impacting financial performance positively, subject to market conditions and metal prices.

03Jul 25

Vedanta Ltd. Sees Significant Block Trades on NSE Totaling Over Rs. 114 Crore

Vedanta Ltd. experienced significant block trades on the National Stock Exchange (NSE). Two major transactions occurred: one for 1,375,269 shares at Rs. 459.50 per share, totaling Rs. 63.19 crore, and another for 1,118,541 shares at Rs. 460.20 per share, amounting to Rs. 51.48 crore. The combined trades involved 2,493,810 shares with a total value of Rs. 114.67 crore. These substantial trades may indicate significant moves by institutional investors or large shareholders, potentially impacting the stock's trading patterns and liquidity.

03Jul 25

Vedanta's Demerger Plan Faces Hurdles, Stock Remains Resilient

Vedanta Ltd's proposed demerger has hit a roadblock at the NCLT due to objections from the petroleum ministry. SEBI is verifying compliance related to the demerger. The NSE has granted a No Objection Certificate for the process. The NCLT hearing is scheduled to resume on August 20. Despite these challenges, Vedanta's stock remains resilient due to potential value unlocking, attractive valuation, and favorable currency dynamics for metal stocks.

30Jun 25

DGTR Launches Mid-Term Review of Anti-Dumping Duty on Chinese Stainless Steel Products

The Directorate General of Trade Remedies (DGTR) has launched a mid-term review to refine the product scope of anti-dumping duty on stainless steel seamless tubes and pipes imported from China. This review aims to clarify which products are subject to the existing anti-dumping measures. The outcome could significantly impact domestic steel manufacturers, importers, and end-users, potentially affecting market dynamics, pricing strategies, and investment decisions in the steel industry.

23Jun 25

Vedanta Ltd: Last Chance to Secure Rs 7 Per Share Final Dividend

Vedanta Ltd has declared a final dividend of Rs 7 per share for FY2025. June 23 is the last day for shareholders to purchase shares to qualify for this dividend, with the record date set for June 24. This final dividend contributes to a total dividend of Rs 39 per share for FY2025, amounting to a total payout of Rs 2,737 crore.

18Jun 25

Vedanta Declares ₹7 Per Share Dividend

Vedanta Limited, a diversified natural resources company, has declared a dividend of ₹7 per share. The announcement lacks specifics on the record date and total payout amount. This dividend is expected to be positively received by shareholders as a direct return on investment. Vedanta operates in sectors including oil and gas, zinc, lead, silver, copper, iron ore, steel, and aluminium.

18Jun 25

Vedanta Declares Rs 7 Per Share Dividend, Sets Record Date Amid Capital Increase Plan

Vedanta Ltd. has announced plans to increase its capital to reduce debt and improve its financial position. The company has approved a first interim dividend of Rs 7 per share and reduced its stake in Hindustan Zinc. Recent financial data shows a slight decrease in total assets, a decline in total equity, and an increase in non-current liabilities. The capital increase is expected to improve Vedanta's debt-to-equity ratio, enhance financial flexibility, boost investor confidence, and allow for greater focus on operational improvements.

17Jun 25

Vedanta to Offload 1.6% Stake in Hindustan Zinc for ₹3,020 Crore

Vedanta Ltd plans to sell 1.6% stake (6.67 crore shares) in Hindustan Zinc Ltd for ₹3,020 crore ($350 million) at ₹452.50 per share. Simultaneously, Hindustan Zinc approved a ₹12,000 crore expansion plan to increase refined metal production capacity by 250 kilo tonnes annually.

13Jun 25

Vedanta Ltd. to Consider First Interim Dividend for FY26 in Upcoming Board Meeting

Vedanta Limited has announced a board meeting on June 18 to discuss and potentially declare the first interim dividend for the financial year 2025-26. The company has set June 24 as the record date for determining eligible shareholders. No information about the possible dividend amount has been provided. This decision comes amid volatile global commodity markets and could offer insights into the company's financial outlook.

10Jun 25

Vedanta Sets Ambitious Goal to Slash Debt by $2 Billion by 2027

Vedanta has announced plans to reduce its debt from $5 billion to $3 billion by 2027, marking a $2 billion reduction. The company has not disclosed specific methods to achieve this goal, but the strategy aims to improve its balance sheet and financial health. This move is expected to enhance Vedanta's financial flexibility and potentially boost investor confidence.

05Jun 25

Vedanta Raises Rs 5,000 Crore Through Oversubscribed NCDs to Reduce High-Cost Debt

Vedanta has successfully raised Rs 5,000 crore through oversubscribed unsecured non-convertible debentures (NCDs) via private placement. Rs 3,400 crore will be used to refinance high-cost debt, potentially saving Rs 350 crore annually in interest costs. The remaining funds will be allocated for capital expenditure and general corporate purposes. The NCDs, attracting diverse institutional investors, have coupon rates ranging from 8.95% to 9.45%.

05Jun 25

Vedanta Calls for Aluminium Industry Protection Amid US Tariffs and Import Surge

Vedanta highlights challenges faced by the Indian aluminium industry, including US tariffs and increasing imports. The company advocates for 'duty guardrails' similar to those in the steel sector to protect domestic producers. Vedanta emphasizes the negative impact of US aluminium tariffs and the surge in imports on the industry's competitiveness and profitability.

04Jun 25

Vedanta Slams Trump's Aluminum Tariffs, Cites Pressure on Indian Industry

Vedanta Limited, a major Indian metals and mining company, has strongly criticized aluminum tariffs imposed by the former U.S. administration. The company argues these tariffs are negatively affecting the Indian aluminum industry, causing increased import pressures on the domestic sector. This criticism reflects broader concerns within the Indian metals industry about global trade policies and their impact on emerging market economies.

03Jun 25

Vedanta Ltd Launches Rs 4,100 Crore Bond Issue for Debt Repayment and Expansion

Vedanta Ltd has announced a Rs 4,100 crore bond issue through unsecured non-convertible debentures (NCDs), with an option to increase to Rs 5,000 crore. The issue has attracted major mutual funds and insurance companies as anchor investors. Funds will be used for debt repayment, capital expenditure, and general corporate purposes. CRISIL has assigned an 'AA' rating with a 'developing' outlook to the NCDs.

30May 25

Vedanta to Raise Rs 5,000 Crore via Non-Convertible Debentures

Vedanta Limited has approved raising up to Rs 5,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis. The company plans to issue 5 lakh unsecured, rated, listed, redeemable NCDs with a face value of Rs 1 lakh each. These NCDs will be listed on the Bombay Stock Exchange, providing liquidity to investors. The move is expected to enhance Vedanta's liquidity, alter its debt profile, and potentially fund strategic investments or expansion plans.

29May 25

NCLAT Grants Interim Stay on NCLT Order, Offering Temporary Relief to Vedanta

The National Company Law Appellate Tribunal (NCLAT) has issued an interim stay on a National Company Law Tribunal (NCLT) order that had rejected a scheme proposed by Vedanta Limited. This temporary halt allows Vedanta to address issues raised and potentially revise or defend its proposed scheme. The case highlights the complex regulatory environment for large corporations in India, with potential implications for Vedanta's corporate strategy and financial planning. Further legal proceedings are expected, and stakeholders are awaiting more details on the nature of Vedanta's scheme and the grounds for NCLT's initial rejection.

27May 25

Vedanta to Consider Issuance of Non-Convertible Debentures in Upcoming Board Meeting

Vedanta Limited has scheduled a board meeting for May 30 to discuss the issuance of non-convertible debentures (NCDs) through private placement. This move could be part of the company's strategy to raise capital, manage debt, or strengthen its financial position. The decision to opt for private placement may indicate a preference for a quicker and more cost-effective fundraising method.

16May 25

Vedanta Hit with ₹1.46 Billion Penalty for Special Additional Excise Duty

Vedanta Limited, a major Indian mining and metals company, has received a penalty order of ₹1.46 billion (₹146.00 crore) related to Special Additional Excise Duty (SAED). The exact nature of the violation is undisclosed. This penalty comes amid challenges in the mining sector, including increased regulatory scrutiny. The company has not yet commented on its plans to address the penalty, and the impact on Vedanta's financial position and operations remains to be seen.

02May 25

Vedanta Q4 Results: Stable EBITDA Meets Expectations, Analysts Cautious on Outlook

Vedanta Limited reported robust financial results for Q4 and FY25, with consolidated revenue increasing 13.9% YoY to ₹40,455.00 crore in Q4. The company's EBITDA grew 30% YoY to ₹11,618.00 crore, marking its second-highest quarterly EBITDA. For FY25, consolidated revenue rose 6.4% to ₹1,52,968.00 crore, with EBITDA up 37% YoY. Net profit more than tripled to ₹14,988.00 crore. Vedanta also announced plans for a demerger by September 2025 to unlock value. The company's net debt stands at ₹53,300.00 crore. Analysts maintain mixed views, with CLSA rating it 'Outperform' and BofA maintaining a 'Neutral' stance.

30Apr 25

Vedanta Limited Advances Demerger Plan, Reports Strong Q4 and FY25 Results

Vedanta Limited is on track to complete its demerger by September 2025, creating six separate companies. The company reported robust Q4 FY25 results with revenue up 14% to ₹39,789 crore, EBITDA up 30% to ₹11,618 crore, and PAT surging 118% to ₹4,961 crore. For FY25, revenue increased 10% to ₹1,50,725 crore, EBITDA rose 37% to ₹43,541 crore, and PAT grew 172% to ₹20,535 crore. Operational highlights include record aluminium production and Zinc India becoming the world's largest integrated zinc producer. The company's Net Debt to EBITDA ratio improved to 1.2x, and its credit rating was upgraded to AA by CRISIL and ICRA.

30Apr 25

Vedanta Reports Strong Q4 Results as Demerger Plans Progress

Vedanta Limited announced robust financial results for Q4 and FY25, with significant year-on-year growth in revenue, EBITDA, and profit after tax. The company's demerger process is expected to complete by September 2025, with shareholder and creditor approvals in place. Q4 FY25 saw a 14% increase in revenue to ₹39,789.00 crore and a 118% surge in PAT to ₹4,961.00 crore. For FY25, Vedanta achieved record revenue of ₹1,50,725.00 crore, up 10% year-on-year, with PAT jumping 172% to ₹20,535.00 crore. Operational highlights include record production in Aluminum and Zinc India. The company's financial position improved with reduced net debt and a better net debt to EBITDA ratio of 1.2x.

30Apr 25

Vedanta Reports Record Revenue and Second-Best EBITDA in FY25

Vedanta Limited announced its financial results for FY25, achieving its highest-ever consolidated revenue of ₹150,725.00 crore, a 10% year-on-year increase. The company's EBITDA grew by 37% to ₹43,541.00 crore, with an expanded margin of 34%. Profit after tax surged by 172% to ₹20,535.00 crore. Q4 FY25 saw revenue increase by 14% to ₹39,789.00 crore, EBITDA by 30% to ₹11,618.00 crore, and PAT by 118% to ₹4,961.00 crore. Operational highlights include record annual production in Aluminum and Zinc India segments. The company's financial position improved with a reduced net debt to EBITDA ratio of 1.2x.

30Apr 25

Vedanta Reports Strong Q4 Financial Results, Surpassing Expectations

Vedanta Ltd announced impressive Q4 FY2024 results with revenue reaching ₹39,800.00 crore, up 14.04% year-over-year. Consolidated net profit more than doubled to ₹3,480.00 crore. EBITDA rose to ₹11,500.00 crore with margin expansion to 28.89%. The company significantly exceeded analyst expectations across key financial metrics, showcasing strong performance in the natural resources sector.

23Apr 25

Vedanta Resources Eyes US IPO for Zambian Copper Assets

Vedanta Resources, parent of India-listed Vedanta Limited, is considering listing its Zambian copper assets, Konkola Copper Mines (KCM), on the US stock market. The company has hired banks to advise on the potential IPO. This move could provide access to more capital, increase global visibility, potentially boost valuation, and allow for focused management of the Zambian copper business. The decision comes amid growing demand for copper in renewable energy and electric vehicle sectors.

22Apr 25

Vedanta Ltd Unveils Major Restructuring Plan Amid Promoter Group's New Facility Agreement

Vedanta Ltd plans to split into five separate listed entities: Aluminum, Oil & Gas, Power, Iron & Steel, and Core Operations. This restructuring aims to reduce debt, enhance transparency, and focus on critical minerals. Simultaneously, the company's promoter group secured a $530 million facility agreement with a consortium of lenders. The agreement imposes certain restrictions on Vedanta Ltd's activities, including limitations on asset sales, investments, and corporate actions.

21Apr 25

Vedanta's Promoter Group Secures $530 Million Facility Agreement

Vedanta Limited's promoter group entities, including Vedanta Resources, Twin Star Holdings, and Welter Trading, have secured a $530 million facility agreement with global financial institutions. The facility aims to service existing debts, cover transaction expenses, and support corporate purposes. Twin Star Holdings, holding a 40.02% stake in Vedanta Limited, is a key beneficiary. Vedanta Limited is not a party to this agreement. Encumbrances have been placed on Vedanta Limited shares held by the promoter entities, with restrictions on further encumbrances and requirements to maintain control over the company.

11Apr 25

Vedanta Faces ₹71.17 Crore Environmental Compensation Demand Amid Fly Ash Disposal Allegations

Vedanta Limited has been directed by the Odisha State Pollution Control Board to deposit ₹71.17 crore as environmental compensation for alleged unauthorized disposal of fly ash. The company received the order on April 10, 2025, citing violations of the Fly Ash Notification. Vedanta contests the allegations, stating the decision was made without considering their compliances and submissions. The company plans to pursue legal action and believes it has a strong case on merits. Vedanta does not anticipate any material financial impact on its operations from this order.

07Apr 25

Vedanta Shares Plunge 18% in Three Days as Demerger Timeline Extends to 2025

Vedanta Ltd's stock price has fallen 18% over three trading sessions, with a 7% drop on April 7 alone. The sharp decline is attributed to the company's announcement of a delayed demerger timeline, now extended to September 2025. The stock's RSI has reached 26.00, indicating oversold conditions. The extended timeline for the demerger, citing need for regulatory approvals, has created uncertainty among investors and delayed potential benefits of the restructuring.

03Apr 25

Vedanta Reports Robust Q4 Performance: Iron Ore and Zinc Production Surge

Vedanta Limited achieved significant production growth in Q4 across multiple segments. Iron ore production increased 22% year-over-year and 36% quarter-on-quarter. Annual aluminium production rose 2% to 2,421 kilotonnes. Zinc India set records with 1,095 kilotonnes of mined metal and 1,052 kilotonnes of refined metal. Zinc International saw 52% year-on-year growth in Q4. Power sales increased 18% quarter-on-quarter. Copper cathode production grew 41% year-over-year in Q4. Oil & Gas average daily production was 63.10 kboepd, while steel production increased 4% year-over-year in Q4.

28Mar 25

Vedanta Extends Deadline for Scheme of Arrangement to September 2025

Vedanta Limited has extended the timeline for completing its complex scheme of arrangement from March 31, 2025, to September 30, 2025. The extension is due to pending approvals from the NCLT Mumbai Bench and certain government authorities. The scheme involves multiple Vedanta group entities and aims to demerge and reorganize various business units. This decision, approved by Vedanta's Board on March 28, 2025, allows more time to fulfill necessary conditions for the corporate restructuring plan.

27Mar 25

Vedanta Ltd Fulfills ₹2,500 Crore NCD Obligation, Appoints New Aluminium Business CEO

Vedanta Ltd has made a timely payment of ₹2,500 crore NCDs, announced plans to reduce debt by $1 billion this year, and appointed Rajiv Kumar as CEO of its Aluminium Business. The company's stock closed 1.50% higher at ₹471.00. Vedanta aims to continue debt reduction over the next two years and expects Kumar to drive strategy for the Aluminium business, including demerger approach, strategic alliances, and ESG initiatives.

26Mar 25

Vedanta Bolsters Leadership: Tata Steel Veteran Rajiv Kumar Takes Helm of Aluminium Business

Vedanta Ltd. has appointed Rajiv Kumar, a seasoned professional from Tata Steel, as the new CEO of its Aluminium Business for a three-year term. This strategic move aims to strengthen Vedanta's position in the aluminium sector, leveraging Kumar's extensive experience in metals and mining to drive growth and innovation. The appointment comes as global demand for aluminium continues to grow across various industries.

20Mar 25

Vedanta Considers Potential Exit from Steel Business, Says Chairperson

Vedanta's Chairperson has indicated the company's openness to divest its steel assets if offered the desired price, as reported by CNBC TV18. This potential move suggests Vedanta is evaluating its business segments and may restructure operations to optimize its portfolio. The decision could impact the Indian steel industry's competitive landscape. However, no concrete decisions or deals have been announced yet.

12Mar 25

Vedanta Ltd Slashes Debt by $550M, Improves Financial Health

Vedanta Ltd has repaid a $900 million high-cost loan using proceeds from a QIP and a new $350 million facility at 9.6% interest rate. This move has resulted in net deleveraging of $550 million, projected annual interest savings of $90 million, and improved net debt-to-EBITDA ratio from 1.9x to 1.4x. The company's balance sheet shows a slight contraction in total assets and equity over the past year, but also a reduction in current liabilities, aligning with its deleveraging efforts.

05Mar 25

Vedanta's Spinoff Plan Hits Roadblock as NCLT Rejects Scheme for Power Unit

Vedanta Limited's restructuring efforts faced a setback as the National Company Law Tribunal (NCLT) rejected the scheme of arrangement presented by its subsidiary, Talwandi Sabo Power Limited (TSPL). The rejection was based on non-disclosure of material information, discrepancies in creditor information, and potential impact on valuation. This decision affects Vedanta's plan to demerge its businesses into six separate entities. TSPL intends to appeal the NCLT order, citing legal grounds.

21Feb 25

Vedanta Expands Mining Portfolio: Secures Preferred Bidder Status for Kauhari Diamond Block

Vedanta Limited has been declared the 'preferred bidder' for the Kauhari Diamond Block, covering 643.4169 hectares. The block is at the G4 level of exploration, indicating early-stage prospecting. This move marks Vedanta's potential entry into diamond mining, diversifying its natural resources portfolio. The company also disclosed the full redemption of USD 1 billion in senior bonds and released associated encumbrances. Vedanta's promoter group maintains a 56.38% stake in the company.

20Feb 25

Vedanta Explores Nuclear Energy Option, Seeks EOI for 5000MW Power Plant

Vedanta Limited is seeking Expressions of Interest for a 5000MW captive nuclear power plant, indicating a potential shift towards nuclear energy for its operations. The company has also approved the issuance of non-convertible debentures worth ₹2,600 crore. Additionally, Vedanta has received strong shareholder and creditor approval for a proposed scheme of arrangement involving several subsidiaries.