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Vedanta Limited - 500295 - Supreme Court Allowed To Open Sterlite Copper Plant For Upkeep

This is in continuation of our letter VEDL/Sec./SE/20-21/86 dated August 18, 2020, and the appeal filed by the Company in the Supreme Court against the order of Division Bench of Madras High Court at Chennai vide which the Court had upheld the closure of the Copper Smelter Plant at Thoothukodi. In this appeal, Company had filed applications seeking reliefs from the Supreme Court to ensure proper upkeep of the Copper Smelter Plant. The applications were taken up for hearing today before the Supreme Court. The Court considered the Report of the High Powered Expert Committee and recommendations of the State Government. The Hon''ble Supreme Court has permitted Vedanta Limited to carry out the activities at the Plant. The matter is listed on 4.5.2023 for further hearing as well as to fix the matter for final hearing.
10-04-2023
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Vedanta Limited - 500295 - Board Meeting Intimation for Meeting Of Committee Of Directors Proposed To Be Held On Thursday, April 13, 2023 To Consider The Proposal For Issuance Of Non-Convertible Debentures

Vedanta Limitedhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/04/2023 ,inter alia, to consider and approve Pursuant to Regulation 29(1) and (2) along with Regulation 50(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, we would like to inform you that the Company proposes to hold a meeting of its duly constituted Committee of Directors on Thursday, April 13, 2023 to consider the proposal for issuance of Non-Convertible Debentures on a private placement basis. The above issuance is pursuant to the Board of Directors' resolution passed at its meeting held on March 28, 2023. We request you to kindly take the same on your records.
10-04-2023
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Vedanta Limited - 500295 - Announcement under Regulation 30 (LODR)-Meeting Updates

Pursuant to Regulation 29(1) and (2) along with Regulation 50(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, we would like to inform you that the Company proposes to hold a meeting of its duly constituted Committee of Directors on Thursday, April 13, 2023 to consider the proposal for issuance of Non-Convertible Debentures on a private placement basis. The above issuance is pursuant to the Board of Directors' resolution passed at its meeting held on March 28, 2023. We request you to kindly take the same on your records.
10-04-2023

Vedanta-Foxconn likely to get conditional approval for fab plant

Neither Foxconn nor Vedanta has substantial experience in fab technology, so they need partners
07-04-2023

Vedanta arm Zinc International in talks with global banks for $1.25 billion

Zinc International loan would require guarantee from Anil Agarwal-promoted group's India-listed firm
06-04-2023

Hindustan Zinc may not go ahead to buy Vedanta's Zinc global biz amid Centre's opposition

The cash deal was crucial as Anil Agarwal-led Vedanta Resources is looking into options to reduce its debt burden.
05-04-2023

Vedanta arm Balco signs pact with SRIPL to source hybrid renewable power

BALCO has entered into an agreement with Serentica Renewables India Private Ltd (SRIPL) to set up a special purpose vehicle to source hybrid renewable power for its aluminium operations in Chhattisgarh. Bharat Aluminium Company Ltd (BALCO) is a subsidiary of mining major Vedanta Ltd. "BALCO has entered into a Power Delivery Agreement (PDA) to source 105 MW hybrid renewable power for its aluminium operations at Chhattisgarh, through Special Purpose Vehicle (SPV) i.e. affiliates of SRIPL," Vedanta said in a regulatory filing. The project will be funded on a 70:30 debt to equity basis and BALCO will own 26 per cent equity in the SPV. The hybrid energy project will be built on a captive model and build own operate basis. The term of the PDA will be for a period of 25 years from the date of commissioning of the project. The SPV is expected to start delivering the power within 24 months of the PDA signing. This will be helpful in securing continuous supply of power through renewable en
04-04-2023
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Vedanta Limited - 500295 - Intimation Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ("Listing Regulations")

We wish to inform you that Bharat Aluminium Company Limited ('BALCO'), a subsidiary of Vedanta Limited has entered into a Power Delivery Agreement ('PDA') to source 105 MW Hybrid Renewable Power for its Aluminium operations at BALCO, Chhattisgarh, through Special Purpose Vehicle ('SPV'), i.e., affiliates of Serentica Renewables India Private Limited ('SRIPL') (erstwhile Sterlite Power Technologies Private Limited) - a Company engaged in the business to supply Renewable Energy based on Solar, Wind and Battery Storage solutions. Further, enclosed are the details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as Annexure 1. We request you to please take the above on record.
04-04-2023

Vedanta produces record aluminium and high refined metal in FY23

Mining major Vedanta Ltd on Monday said its aluminium and high refined metal production touched record levels in the last financial year. In a regulatory filing, the company said it posted "highest ever" aluminium production at 22.91 lakh tonnes during 2022-23, marginally up from 22.68 lakh tonnes in the preceding fiscal. Its high refined metal production rose 7 per cent to 10.32 lakh tonnes in the last fiscal. The company had produced 9.67 lakh tonnes of saleable metals, which include refined zinc, refined lead and silver integrated, in 2021-22. The company termed the refined metal production as "historic high" in the last financial year. The production of zinc from international business rose 22 per cent year-on-year to 2.73 lakh tonnes. In the oil & gas business, the company's average gross operated production across assets was at 1,42,615 boepd (barrels of oil equivalent per day). "Production from the Rajasthan block was at 1,19,888 boepd and from the offshore assets was at a
03-04-2023

Vedanta's aluminium production muted in Q4 to 574,000 tonnes

Overall, in FY23, the aluminium production came in highest ever at 2,291 kt, up by 1% YoY with Jharsuguda ramp up. Meanwhile, alumina production at the Lanjigarh refinery was down 9% YoY due to planned shutdown and maintenance activities at calciners.
03-04-2023
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