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Vedanta Limited - 500295 - Declaration Of Voting Results Of Postal Ballot In Accordance With Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations') And Submission Of Scrutinizer'S Report

Declaration of voting results of Postal Ballot in accordance with Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') and submission of Scrutinizer's Report.
29-04-2023

Vedanta chief makes zero debt pledge, says very comfortable servicing debt

Mining mogul Anil Agarwal has said his Vedanta group has ample cash flow to service all its debt repayment obligations and that it aims to become a "net zero debt company" in 2-3 years. Agarwal said questions over Vedanta's debt servicing ability are "absolutely irrelevant" as the group will make USD 9 billion of profits next year on revenue of USD 30 billion, which would be sufficient to meet all obligations. The comments by the former scrap metal trader turned industrialist come at a time when scrutiny of highly leveraged Indian conglomerates grows following a US short seller attack on the Adani group. "We have the lowest debt in the world for a group of our size," Agarwal, founder, and chairman of Vedanta Resources, told PTI in an interview here. And the debt is a result of investing billions of dollars across businesses, he said. "Total debt in the company is USD 13 billion. And we have a profit this year of USD 7 billion. Next year our revenue would be USD 30 billion and we wi
27-04-2023
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Death Crossovers: Vedanta among 4 stocks that signal bearishness

In the NSE list of stocks, four stocks with a market cap of over Rs 250 crore have been witnessing Death Crossovers, according to stockedge.com's technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock's short-term simple moving average (SMA) crosses below its long-term moving average on the downside. The 50-day SMA of these stocks crossed below their 200-day SMAs on April 26. Take a look:
27-04-2023

'Very, very comfortable': Anil Agrawal on Vedanta being over-leveraged

Elaborating on the debt repayment plans, he said that Vedanta Resources Limited would repay its obligations through a combination of dividend and royalties
26-04-2023
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Vedanta Limited - 500295 - Intimation Under Regulation 30(9) Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 30(9) of SEBI Listing Regulations, we hereby inform that Hindustan Zinc Limited (HZL), a subsidiary of our Company and listed on BSE and NSE, has submitted the Outcome of its Board Meeting held on April 21, 2023 with respect to - 1. Audited financial results for the fourth quarter and year ended March 31, 2023. 2. Appointment of Chief Financial Officer (CFO) & KMP of HZL. We request you to kindly take the above information on record.
21-04-2023

Vedanta pledges more stake in Hindustan Zinc to refinance loans

Pledges 2.44% stake worth Rs 3,500 crore
20-04-2023

Vedanta-Foxconn chip JV to generate sales by FY27

Akarsh Hebbar, managing director of Vedanta's semiconductor and global display business, said the equity structure of the venture would not change and that they had inked an agreement with a technology partner for the semiconductor fab unit
19-04-2023
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Vedanta signs MoU with 20 Korean companies for display glass business

The Indian electronics industry is one of the fastest sectors in the country and is expected to reach $300billion by 2026, driven by robust domestic demand, government incentives and increasing consumer spending power
17-04-2023

'Not only did he play well...': Vedanta's Anil Agarwal lauds RR captain Sanju Samson's leadership qualities in IPL 2023

Anil Agarwal and his wife Kiran were sure that RR would lose the match against Gujarat Titans.
17-04-2023

Board of Vedanta approves NCDs worth up to 2,100 Cr

The board of Vedanta Ltd. authorised the issuing of non-convertible debentures (NCDs) worth up to Rs. 2,100 crore on Thursday on a private placement basis.
14-04-2023
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