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Vedanta had on August 14 received an administrative warning from Sebi over modification to the Scheme of Arrangement without prior written consent of Sebi.
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Sterlite Electric expects a turnover of about Rs 6,500 crore in FY26 and plans to double in the next three to four years by expanding into high-end cable manufacturing, Agarwal has said
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The order on compensation will be contested by the company after assessing the matter and examining the veracity, Vedanta said in its statement.
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The ongoing demerger proposes to create natural resource entities which will further result in creation of downstream industries and more jobs, said Vedanta's Anil Agarwal, adding that the demand for critical minerals and transition metals 'continues to grow at a double-digit rate'.
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The Vedanta chairman has said the group is open to selling its steel business if a 'right price' is offered
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The move comes as the mining conglomerate seeks to raise funds to ramp up production at one of the world's largest high-grade copper deposits.
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'I wanted to live where the top people lived. Malabar Hill, near Peddar Road, that’s where I saw myself, because I believed that one day, I would also make it big,' Anil Agarwal said.
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Anil Agarwal, founder and chairman of Vedanta Group, acquired the historic Riverside Studio in London in January 2025. Post the acquisition, Riverside Studios has been named Anil Agarwal Riverside Studios Trust.
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Zinc production will rise to 2 million tonnes, while aluminum output is set to reach 4 million tonnes. Additionally, Vedanta plans to expand its oil and gas production, said Priya Agarwal Hebbar,
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Once approved, this will be the latest payout in what has been a significant year for Vedanta’s dividend distribution. So far in FY25, the company has declared dividends totaling Rs 35 per share.
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The release of encumbered shares has led to a significant deleveraging at the group level, bringing it to the lowest level in a decade.
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Both these projects will create thousands of new jobs, generate downstream industries, and contribute around $19 billion to the KSA's GDP, Vedanta said. The copper rod project will commence commercial production by Q4FY26.
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Vedanta also plans to set up a facility to produce as much as 300,000 tons per year of copper rods, a key raw material for electric cables.
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In an emotional post, the billionaire sought blessings and prayers for his nonagenarian mother. 'She is an incredibly special person who has enriched my life, the lives of the entire family and of everyone she knows. I still have so much to learn from you, Ma,' Anil Agarwal said.
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On July 25, global rating agency S&P upgraded Vedanta Resources credit rating to B- from CCC+ on the back of improving capital structure and liquidity.
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The de-merger, which is planned to be a simple vertical split, will enable value unlocking and attracting big-ticket investment into the expansion and growth of each of its demerged businesses
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Vedanta announced on August 16 that it will exercise the oversubscription option in the offer-for-sale to the extent of over 1.21 crore shares, representing 0.29 percent of total paid-up equity capital of the company.
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Hindustan Zinc's demerger process will kick off once Centre completes its long pending divestment process, chief executive officer Arun Misra told Moneycontrol in April.
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Vedanta only mandated advisers for the possible sale of the steel business, the people said. The company has previously said it would prioritize areas such electronics and semiconductors
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"We import 99.9 per cent of our requirement. With massive investments, we can be a major producer of gold and a big generator of employment," Agarwal, who is Vedanta chairman, posted on X.
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Vedanta plans to use the proceeds towards repaying Rs 17,470 crore it owes to the three lenders
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A court in Zambia’s capital, Lusaka, on Friday approved a scheme of arrangement that was supported by Konkola Copper Mines Plc’s creditors, the southern African country’s mines minister, Paul Kabuswe, said on Facebook.
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As of the March quarter, Vedanta's promoters held a 61.95% stake in the company. Since December 2022, the promoter stake in Vedanta has decreased from just under 70% to slightly over 60%.
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Anil Agarwal said his father would always say that every problem can be resolved if you talk it out and it is also the foundation for any relationship. 'This is also the lesson I taught my children,' the 70-year-old Vedanta chairperson added.
