Board Meeting-Appointment of Director
The Board of Directors of the Company at their meeting held today, have considered and approved the appointment of Mr. U.K. Sinha (DIN: 00010336) as an Additional NonExecutive Independent Director on the Board of the Company for a fixed term effective from close of business hours on March 13, 2018 till August 10, 2021 (on recommendation of the Nomination and Remuneration Committee) Board Meeting-Outcome of Board Meeting
The Board of Directors of the Company at their meeting held today, have considered and approved the following: 1. The First Interim Dividend of Rs. 21.20 per equity share i.e. 2120% on face value of Re. 1/- per equity share for the financial year 2017-18; 2. Dividend @ 7.5% p.a. on the redeemable preference shares of face value of Rs. 10/- per preference share as per their terms of issuance. These preference shares were issued on April... Announcement under Regulation 30 (LODR)-Credit Rating
Pursuant to Regulation 30 and 51 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the ratings for the Company and its subsidiaries have been revised by CRISIL as enclosed.
Steel and aluminum tariffs by the US: impact on Vedanta
Vedanta has seen bumper results in recent quarters thanks to rising metal prices. Prices of zinc by the end of December were at their highest in more than a decade, and aluminium rose close to its highest in five years. In part, the price rise was driven by a supply crunch, due to China's production cuts domestically to reduce pollution. The price surge has been encouraging and Vedanta has been adding capacity. While tariffs have arrived to dampen the party, analysts are as yet unsure how it will impact metals prices over the year. One of the major proponents of free trade in the White House, Gary Cohn, resigned after President Trump announced steel and aluminium tariffs on imports, and this has worried investors. Vedanta also trended lower the last week before rising again in share price today. However miners globally say that demand for zinc will continue to outpace supply for the rest of 2018. Aluminium, more sensitive to changes in supply production, may however see a price fall with US producers hiking supply to meet domestic demands under tariff protections. Vedanta Ltd has fixed March 21, 2018 as the record date for the purpose of payment of its first interim dividend, if declared. Vedanta moves in a sideways manner
The long-term uptrend will be in place as long as the stock trades above the support 200 and 210 Fixes Record Date for First Interim Dividend
Vedanta Ltd has informed BSE that the Company has fixed March 21, 2018 as the Record Date for the purpose of Payment of First Interim Dividend, if declared. Electrosteel: NCLT asks Tata, Vedanta and IRP to file counter plea
The government had introduced Section 29A, last year, to prevent defaulting promoters from re-acquiring their assets Board to consider First Interim Dividend
Vedanta Ltd has informed BSE that the meeting of the Board of Directors of the Company will be held on March 13, 2018, to consider and approve:- First Interim Dividend on equity shares, if any, for the Financial Year 2017-18; Dividend, if any, on the Preference Shares as per their terms of issuance.Further, pursuant to the provisions of the Securities & Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 and... Board Meeting On March 13, 2018
To consider interim dividend for equity shareholders and dividend for preference shareholders as per their terms of issuance. Stressed power generations firms face tough insolvency journey in court
While stressed steel assets have seen private equity firms and rival steel companies, such as JSW, ArcelorMittal, Vedanta, and Tata Steel, vying for them, most private players in the power sector are