The NCLAT last week refused to stay Adani Group’s resolution plan, prompting Vedanta to move the Supreme Court.
This appeal comes after the National Company Law Tribunal(NCLT), Allahabad bench had ruled against Vedanta.
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
India heavily relies on potash imports and has been exploring ways to reduce its dependence on imports. India's potash imports primarily come from countries like Russia, Canada, Belarus, and Israel.
This move will be in addition to the company’s regular annual dividend of approximately Rs 6,000 crore.
These projects are at an advanced stage of completion, according to a powerpoint presentation made to more than 45 fund managers and analysts, who were on a site visit organised by the Vedanta Group.
The investments would be focused into the glass and semiconductors business, intensifying investments on the electronics side, among others, said Agarwal
Vedanta's semiconductor and display business Global Managing Director Akarsh K Hebbar during Vibrant Gujarat Global Summit roadshow in Japan had said that it is a USD 80-billion opportunity for companies willing to come and invest in the electronics manufacturing hub in Gujarat.
Sterlite Power is the sponsor of India's first power sector InvIT, India Grid Trust (IndiGrid) which is listed. In September 2022, the firm announced that it had withdrawn its DRHP and deferred its listing plans due to unfavourable market conditions.