Vedanta Resources

The Anil Agarwal-led group is tapping foreign hedge funds and global investors as it readies funding for the acquisition, which will mark its foray into real estate and cement and strengthen its power generation capacity

Vedanta keeping IPO option open for Zambian Konkola Copper Mines, CFO says

Konkola Copper Mines has reserves and resources of 16 million tonnes of highest grade copper. The mine also has cobalt reserves and resources amounting to 412,000 tonnes, reinforcing its potential as one of the top five cobalt producers globally.

Each of the four demerged Vedanta entities can be a $100 billion company, says Anil Agarwal

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'.

Vedanta Resources in stake sale talks with global investors for Zambia Copper mines

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.

S&P raises Vedanta Resources' rating on easing refinancing risks

The rating agency bumped up the parent of Indian miner Vedanta to "B+" from "B" with a stable outlook and removed it from credit watch.

Vedanta shares rise 6% on releasing encumbered shares after redeeming $1.2 billion bonds

The release of encumbered shares has led to a significant deleveraging at the group level, bringing it to the lowest level in a decade.

Centre to divest up to 2.5% stake in Hindustan Zinc via OFS at Rs 505 floor price

"Government will divest 1.25% equity with an additional 1.25% as green shoe option," Secretary DIPAM has said. Over 5.28 crore shares of face value Rs 2 each is the base offer for the OFS, with an equal amount as a green shoe option.

Vedanta Resources in talks with lenders to raise $1 billion through foreign currency bonds: Sources

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.

S&P upgrades Vedanta Resources rating on improving capital structure

"We believe Vedanta Resources Ltd has sufficient internal resources to meet debt maturities until December 2025, following recent funds raised and improved dividend capacity at its subsidiaries," S&P said in a statement.

Vedanta Resources regains control of Zambia's Konkola Copper Mines

Vedanta Resources' arm deposited $245.75 million in line with the settlement with the Zambian government, which allowed the resumption of the company's management control

Vedanta Resources pays $246 million dues to help revive operations at Zambian copper mine

The miner, owned by billionaire Anil Agarwal, had in November 2023 regained control of the copper mines and smelter, which the Zambian administration had seized in 2019, but needed to pay creditors of the mines to revive operations.

Vedanta Resources plans to trim debt by $3 billion over three years

Vedanta Ltd has planned a capex of $1.9 billion and intends to reduce the working capital requirement.

Vedanta Resources posts 2nd highest ever consolidated EBITDA of $4.7 bn in FY24

Profit attributable to equity holders (before special items) however slipped marginally to USD 31 million.

Vedanta expects demerger of units to be completed by December 2024

Vedanta announced the demerger of its business to create 6 different entities on September 29. The newly created entities will be Vedanta Aluminium, Vedanta Oil and Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Materials and Vedanta Ltd.

Vedanta hits 52-week high on delivering record annual volume across key businesses

Vedanta Aluminium, a subsidiary of Vedanta Resources, recently commissioned a 1.5-million-tonnes-per-annum (mtpa) facility at its alumina refinery in Lanjigarh, Odisha.

Vedanta Resources to deleverage debt by $3 billion over 3 years

The financial year 2025 maturities of USD 1,100 million and close to USD 750 million of interest servicing would be managed through brand fees, dividends from operating companies, asset monetisation and other strategic initiatives.

Anil Agarwal’s Vedanta Resources completes repayments to bondholders

Maturities of $3.2 billion in bonds were successfully extended to 2029, the company said.

S&P downgrades Vedanta Resources to 'selective default' after debt extension

The issue rating on the UK- and India-based miner's April 2026 bond (which was not part of the liability management transaction) remains 'CCC' and on CreditWatch with developing implications.

Vedanta gains on Cairn Oil & Gas' production plan for Gujarat block, Nuvama 'buy' call

The debt restructuring comes at a higher cost but gives the parent company a two-year breather to focus on ongoing aluminium/zinc capex, Nuvama has said

Moody's downgrades rating on senior unsecured bonds issues by Vedanta Resources

The company’s ratings reflect its unsustainable capital structure characterised by high financial leverage at the holding company and its perennially weak liquidity amid a period of continued large negative free cash flow, Moody’s said.

Vedanta Q3 update: Mined metal output up 7% YoY, saleable silver up 22%

The growth in mined metal production, which stood at 271 kilo tonne (kt) in Q3, was "driven by mix of improved mined metal grades and higher ore production" at two mining facilities, Vedanta said

More than 97% of bondholders say yes to Vedanta's bond restructuring plan

With this, Vedanta has achieved the required consent from at least two-thirds of the bondholders to proceed with the restructuring plan

Vedanta keeping 'high watch' amid spike in Covid cases

At present, the company is keeping a high watch on developments and the government advisory, and releasing guidelines to the employees on the same basis

Vedanta jumps 3% as board to consider interim dividend

The stock has fallen nearly 20 percent this year, underperforming the Sensex, which has risen 15 percent during the time

Vedanta Resources set to close $1.2 billion private credit funding next week

Cerberus Capital leads the funding round with a $300 million cheque.