India currently imports around 80% of its oil and gas requirements, amounting to $150 billion, company's Chairman Navin Agarwal said.
Bharat Aluminium (Balco), part of Anil Agarwal-led Vedanta Ltd, had bagged Chotia block during the first phase of coal mine auctions held in 2015.
The zone from 3,403 metres to 3,431 metres was tested through conventional well testing (Drill Stem Test) and flowed oil to the surface.
The company reported a net loss of $1.1 billion in the year ending December 31, 2018 'resulting principally from a write-down of Cairn's investments in India', it said.
Sterlite Chief Executive Officer P Ramnath said after getting the TNPCB permission, it would take about two months for making the plant operational.
The green panel also permitted the state govt to file a statement questioning the maintainability of Vedanta's plea.
A two-member bench headed by Chairman Justice S J Mukhopadhaya refused to stay delisting of Electrosteel Steel, over the plea filed by Renaissance Steel, whose bid was rejected by the Committee of Creditors (CoC) of the debt ridden firm.
"There is a severe leakage in the pipe flanges and the pipe flanges are submerged in the acid pool collected in the dykes around the acid storage tank at Tamil Nadu copper smelter" Vedanta Ltd
"The stock has formed a rounding bottom. Traders can accumulate the stock in the range of Rs 292-297 for the target of Rs 344 and stop loss below Rs 279," says Achin Goel, Head of Wealth Management and Financial Planning at Bonanza Portfolio Ltd.
"Increased interest in 10,200 Put suggests a positive shift in the Nifty range. However, a proximity to resistance levels may induce some small correction which we think would provide a buying opportunity in the near term," says Achin Goel, Head of Wealth Management and Financial Planning, Bonanza Portfolio Ltd.
Metals and mining giant Vedanta Ltd today said there has been no "adverse impact" of the GST on it and the new tax regime has helped it streamline supplies in the country.
ICICI Direct has recommended hold rating on Vedanta Ltd with a target price of Rs 325 in its research report dated 04 September 2017.
ICICI Direct has recommended hold rating on Vedanta Ltd with a target price of Rs 285 in its research report dated July 26, 2017.
As per the agreement, Runaya will obtain TIC technology for exclusive operations in India and receive value added product distribution rights on a world-wide basis
SRF, Vedanata Ltd, ZEEL are on the radar of Religare Securities
Cairn India and Vedanta Ltd have received all regulatory approvals for their merger, except the Reserve Bank of India's nod for issue of preference shares, the two companies said today.
Sales are expected to increase by 7.7 percent Q-o-Q (down 6 percent Y-o-Y) to Rs 15548 crore, according to ICICI Securities.
Mining conglomerate Vedanta Ltd will seek shareholders nod to raise its limit of inter-corporate loans to Rs 80,000 crore.
In a setback to mining mogul Anil Agarwal, the government has said it will not allow him to merge subsidiary Cairn India with his flagship firm Vedanta unless the Rs 10,247 crore tax issue is settled.
In June, Vedanta Ltd had announced absorbing oil firm Cairn India in a USD 2.3 billion all-share deal to create India's largest diversified natural resources firm.
Balco accounts for 1,000 job cuts and Vedanta Aluminium for around 2,000, while Sesa Goa as well as Cairn India have already slashed up to 450 jobs each, so far.
Last month, the aluminium manufacturer had announced its decision to shut down the rolling mill in Korba (Chhattisgarh) on account of "steep fall" in the prices of the metal besides dumping from China and falling margins.
Cairn India's USD 1.25 billion loan to its promoter group, which had spooked investors, was used by Vedanta Ltd to repay another inter-company loan taken for acquisition of the oil company.
Aviva's UK equity team has a 4.3 percent stake in Cairn Energy, the original owner of Cairn India and still its largest minority shareholder. Its emerging market equity teams, meanwhile, both own stakes in Cairn India, it said.
The company said its revenue fell 4 per cent to USD 2.95 billion in April-June quarter of the current fiscal, from USD 3.06 billion in the same quarter of 2014-15. Vedanta Resources CEO Tom Albanese attributed the performance in Q1 to "continued volatility in commodity prices".