Poor market condition is cited as a reason for the tepid response to coal block auctions, but, the overriding feeling is that the government’s policy change on coal mining has dampened the interest of developers for coal mines with end-use restrictions.
The sharp slowdown in China’s industrial sector in May keeps the risk on for metal producers
Corporate banks, insurance, healthcare services, oil and gas, construction, engineering and logistics are among the key overweight sectors.
Agarwal said he would also request all the major global mining companies such as BHP Billiton and Rio Tinto to look at India. "I am also looking forward at forest clearance which is very important; forest clearance takes years in India,” he further added.
Nand Ghar is Vedanta's flagship programme to directly benefit 2,00,000 children and 1,80,000 women on an annual basis.
The remarks come at a time when IMF and Asian Development Bank have lowered India's growth forecast, citing global and domestic headwinds.
NITI Aayog and Vedanta will work together to assist the district by reviewing and co-creating strategic action plans to improve lives of local communities.
Sections of landowners and political parties in Tamil Nadu are opposing the 900-feet-wide green field express highway with an eight-lane between Chennai and Salem would cover 277.3 kilometers
The report claimed that India has emerged as a net exporter of copper since 2012 but this trend was offset in FY18-19 due to the shutdown of Vedanta's Tuticorin plant
ICICI Direct recommended hold rating on Vedanta with a target price of Rs 150 in its research report dated July 30, 2019.
The exit from Anglo American will reassure investors that the promoter focus will remain centred on Vedanta
Net Sales are expected to decrease by 1.7 percent Y-o-Y (down 7 percent Q-o-Q) to Rs. 21,823.6 crore, according to Kotak.
The private lender also plans to scale up its pay-per-use blockchain network by issuing CPs for more corporates going ahead.
The company has completed a Rs 10,000 capital expenditure in the just concluded year.
Net Sales are expected to decrease by 0.3 percent Y-o-Y (down 5.7 percent Q-o-Q) to Rs. 22,135 crore, according to ICICI Direct.
Vedanta said an urgent application had been served on ZCCM and a provisional liquidator appointed for KCM.
Vedanta had won 41 out of the 55 blocks in OALP-1 bid round and committed to invest $551 million.
Vedanta had forayed into steel with takeover of Electrosteel Steels Ltd (ESL) from the NCLT last year.
The project may be shelved due to failure to obtain subsidies under the Modified Special Incentive Package Scheme (M-SIPS).
Vedanta's iron ore production fell 38 percent to 4.4 million tonnes and sales volume declined 49 percent to 3.8 million tonnes in FY19 compared to FY18 due to lower production and sales volume in Goa
In an investor brief, the company said it is focussing on renewable energy and its group firm Hindustan Zinc plans its "first pilot floating solar to be completed in next 2-3 months".
Agarwal added that the stoppage of production at the Tuticorin plant of the firm's unit Sterlite led to the country having to import copper, spending precious foreign exchange.
Sources said the Directorate General of Hydrocarbons (DGH) has completed the evaluation of the bids received for 32 oil and gas exploration blocks that were auctioned in the latest licensing round.