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The investment, the largest ever into Odisha, will be directed towards establishing a 6 million tons per annum alumina refinery and a 3 million tons aluminium plant, Vedanta said
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Vedanta Resources Chairman Anil Agarwal, welcoming Zambia government's decision said, the company recognises KCM as a valuable asset
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The Rajasthan block, which has had 38 discoveries so far, has an exploration potential resource of 1.3 billion barrels of oil equivalent
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The clarification came two days after after it was reported that the company will be setting up a semiconductor manufacturing plant in Gujarat with Foxconn
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The Vedanta Resources Chairman says India has to prioritise her energy security and open up the space to private sector fast. He says though the business environment in India is changing, there is a lot of foreign interference. Many people don't want India to produce, they want India to be a market.
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The Anil Agrawal-promoted company said the proceeds from the bond sale will "proactively address the refinancing liabilities of the company over next two years."
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Despite the hurdles, the firm led by billionaire Anil Agrawal posted a record aluminium production of 2.96 lakh tonnes during the September quarter and saw its power sales rise year-on-year (y-o-y) helped by commissioning of additional units at TSPL and BALCO over the last year.
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Goa produces low grade iron ore (Fe content below 58 per cent), which is exported to China. After removal of the mining ban by the Supreme Court in 2014, the state is allowed to mine 20 million tonnes, with the highest share of 5.5 million tonnes going to the firm led by billionaire Anil Agrawal.
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Goa produces low grade iron ore (Fe content below 58 percent), which is exported to China. After removal of the mining ban by the Supreme Court in 2014, the state is allowed to mine 20 million tonnes (MT), with the highest share of 5.5 MT going to the firm led by billionaire Anil Agrawal.
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The firm led by billionaire Anil Agrawal has a custom smelter, a refinery, phosphoric acid plant, sulphuric acid plant, copper rod plant and three captive power plants at Tuticorin (Tamil Nadu) as well as a refinery and two copper rod plants at Silvassa (Dadra and Nagar Haveli).
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"The current run rate of aluminium production is around 1 MTPA and the overall 2016-17 volume guidance remains unchanged at 1.2 MTPA," the company led by billionaire Anil Agrawal said in a regulatory filing today.
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The firm led by billionaire Anil Agrawal had called for a postal ballot to seek approval from the shareholders.
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The company said earnings before interest, tax, depreciation and amortisation fell to USD 2.34 billion for the year ended March 31 from USD 3.74 billion a year earlier.
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"The platform is a part of Vedanta's Innovation and Technology programme, which has been created with a corpus of Rs 200 crore to fund in-house opportunities for R&D," the firm said.
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Total consolidated income fell 10 percent to Rs 15,979.3 crore during January-March of 2015-16 from Rs 17,804 crore in the same quarter of 2014-15 due to fall in oil and metal prices. It was partially offset by higher volumes.
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Vedanta's Anil Agarwal was reacting to news of Cairn India minority shareholder LIC seeking a better offer, including higher dividend on the redeemable preference shares that the Vedanta plans to offer Cairn shareholders as part of its planned merger.
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Sterlite Technology, a subsidiary of Vedanta, is, working on connecting defence sector with fibers across Jammu he said. Another step would be to educate children digitally in the 13 lakh Anganwadis, the company‘s ‘Nandghar‘
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Kridhan Infra has bagged an order worth Rs 100 crore in Laos. Anil Agrawal, MD, Kridhan Infra joins in to discuss the order details.
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Vedanta, controlled by metal tycoon Anil Agarwal, has been led by Mehta since October 2008. The company has operations in India, Zambia, Namibia, South Africa, Ireland, Liberia, Australia and Sri Lanka.
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CNBC-TV18's Sajeet Manghat reports that the Vedanta management is confident of winning shareholder approval for plans to undertake a mega merger of companies in the group.
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By Mr. Anil Agrawal, Whole Time Director of Sanwaria Agro Oils Ltd.
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It was a bad day for Readymade Steel India. The stock saw huge selling pressure despite positive trend in the market.
