Buy Vedanta, target Rs 166: CLSA
CLSA sees improvement in power, iron ore businesses as well as falling aluminium costs. The commodity prices have recovered from early-2016 lows.07-07-2016
07-07-2016
Vedanta chief Anil Agarwal bets big on India, Africa
MUMBAI: Billionaire Anil Agarwal, the London-based founder chairman of Vedanta Resources, said his group will invest one billion dollars in Africa, betting on the continent and India as the two growth engines for the metals and mining group. "We believe, while 'one arm' is in India, we should have 'another arm' in Africa," Agarwal said in an interview to ET over phone on Tuesday evening. WHY AFRICA? "There are three regions in the world with 1.3 billion people and more. China, India and Africa. What else is left for big business to enter," Agarwal said. Agarwal is betting on the popular estimate that Africa will double its GDP. "In every respect, Africa will grow," he said. The Vedanta group has invested more than $4 billion in Africa so far, with investments in a copper mine in Zambia and zinc mines in Namibia, South Africa and Liberia. The going has been tough in recent years for Vedanta with oil and base metal prices declining and several decisions that would impact the group pending in the courts. However, Agarwal is much better placed than his peers operating in the resources space in India and abroad. One of the early bets has been Hindustan Zinc, which recently delivered Rs 12,000 crore as dividend, infusing much needed funds for the group and the government. Vedanta, by virtue of its 62.9% shareholding, garnered Rs 6,580 crore from the windfall dividend, giving the group enough muscle to deal with large debt maturities coming up in FY17. Agarwal is again on an expansion...07-07-2016
Vedanata to plant 13,000 saplings around their mining operations in Goa
The Vedanta Sesa Goa Iron ore - Goa's mining major, has planned to contribute and maintain Goa's rich ecological biodiversity by ensuring to plant 13,000 saplings in and around their mining operati...06-07-2016
Vedanta is leading publicly listed company in India: report
Vedanta Limited, a globally diversified natural resourcescompany, has been ranked as India's leading publicly listed company in theIndiaDisclosure Index 2016 report by FTI Consult...05-07-2016
Vedanta Limited leads 'India Disclosure Index'
The only company in the natural resources sector to achieve the highest possible score across all parameters04-07-2016
Vedanta seeks quick supply of raw material in Odisha
Though the refinery at Lanjigarh is already armed with the approval to run at 4 mtpa, non-availability of bauxite within Odisha has been a major hurdle03-07-2016
Change in Statutory Auditors
Vedanta Ltd has informed BSE regarding Change in Statutory Auditors of the Company.30-06-2016
Updates on Outcome of AGM
Vedanta Ltd has submitted to BSE a copy of proceedings of the 51st Annual General Meeting (AGM) of the Company held on June 29, 2016.30-06-2016
Disclosure of Voting results of AGM (Regulation 44(3) of SEBI (LODR) Regulations, 2015)
Vedanta Ltd has informed BSE regarding the details of Voting results at the Annual General Meeting (AGM) of the Company held on June 29, 2016, under Regulation 44(3) of SEBI (LODR) Regulations, 2015.30-06-2016
Cost discipline, improved productivity helped offset impact of falling commodity prices: Vedanta
While cost discipline and improved productivity helped Vedanta partially offset the impact of falling commodity prices last fiscal, the natural resources conglomerate on Wednesday said it would focus on disciplined capex spend and optimising cost to strengthen balance sheet.30-06-2016