Vedanta announces incentives for purchase of EVs by employees
As part of its commitment towards net-zero carbon, the company has pledged 100 per cent of its light motor vehicles to be decarbonised by 2030.21-12-2022
21-12-2022
HZL to spend over $1 bn in shift to turn into a green energy user
The Vedanta group firm Hindustan Zinc (HZL), which is the world's second-largest manufacturer of the metal, is planning to invest over USD 1 billion (around Rs 8,270 crore) to convert its diesel-fired mining vehicles into battery-operated ones and also to fully turn a green energy user, over the next five years. The Udaipur-based company, which is also the sole manufacturer of silver and the largest maker of zinc and lead in the country, is already running four of its 900 mining vehicles on battery on a pilot basis. The company with an annual production of 1 million tonne zinc, up from 1 lakh tonne when it was privatized by the government in 2002, also expects stable demand in the March quarter despite the growing fears of a global recession, its chief executive Arun Misra told PTI over the weekend. The government still owns 29 per cent in the cash-rich HZL and has three board members as well. On this, Misra said he recently met the government officials in New Delhi and the full...20-12-2022
Hinduja group to invest Rs 35,000 crore in Maharashtra across 11 sectors
The Maharashtra Government on Thursday said the Hinduja group will be investing Rs 35,000 crore in the state. The Chief Minister's Office tweeted that an MoU was signed between the state government and Hinduja group in the presence of Chief Minister Eknath Shinde. G P Hinduja and Ashok Hinduja of the Hinduja group were present on the occasion. An official said the group has identified 11 sectors for investment in the state, including infrastructure, biotech, Electric Vehicles, manufacturing and health. The Shinde government had come under fire earlier this year when Maharashtra lost some big-ticket projects including Vedanta-Foxconn semiconductor plant to other states.15-12-2022
Vedanta emerges as successful bidder for Bicholim mining block in Goa
In a development paving the way for resumption of iron ore mining in Goa, the state government announced on Wednesday that Vedanta Limited has emerged as successful bidder for a mining block auctioned earlier this year. Chief Minister Pramod Sawant told reporters that Vedanta was the highest bidder with 63.55 per cent revenue for Bicholim Mining Block, spread over 485 hectares. The state government had started the process to auction four mining blocks in the state including the Bicholim one earlier this year. The existing block was being operated by Vedanta itself before iron ore mining was stopped in the coastal state on the Supreme Court's orders in 2012. As many as 51 tender documents had been taken for the four blocks and eleven companies finally submitted their bids, Sawant said. Five companies had submitted bids for Bicholim Block, he added. State Director of Mines and Geology Suresh Shabhogue said the successful bidders will have to obtain fresh approvals including...14-12-2022
Vedanta's Anil Agarwal struggling to get financing for Rs 1.54 lakh crore chip unit in Gujarat: Report
Vedanta-Foxconn would invest Rs 1.54 lakh crore to set up the facility in Gujarat, which would create 1 lakh job opportunities, Gujarat CM Bhupendra Patel said in September14-12-2022
Vedanta signs MoUs with 30 Japanese technology firms to develop semicon business
Vedanta is setting up the semiconductor facility in Dholera, Gujarat, which it argues will aid India in mitigating the risks due to being heavily reliant on a few countries for the display fab supply chain13-12-2022
India surviving because of teachings of shankaracharyas, sages: Kerala guv
Kerala Governor Arif Mohammed Khan on Saturday said India is surviving because of the teachings of saints such as shankaracharyas and sages. Khan was speaking at a function in Mumbai where he received the SIES (South Indian Education Society) Sri Chandrasekarendra Saraswathi award for public leadership. "India is surviving because of the teachings of saints like Shankaracharya and rishis. Indian civilisation is not only ancient but it is dynamic to create and face challenges, with the result that its continuity is ensured," he said. Shankaracharya is a religious title used by the heads of monasteries called mathas in the Advaita Vedanta tradition of Hinduism.10-12-2022
Vedanta Limited - 500295 - Announcement under Regulation 30 (LODR)-Meeting Updates
In continuation to our letter No. VEDL/Sec./SE/22-23/158 dated December 06, 2022 and pursuant to the provisions of Regulations 30 and 51 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') read with Para A of Part A of Schedule III of the Listing Regulations, we hereby inform that the duly authorized Committee of Directors at its meeting held today i.e. Friday, December 09, 2022, considered and approved offering for subscription, on a private placement basis, up to 8000 nos. Unsecured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) of face value ? 10,00,000/- each aggregating up to ? 800 Crores (Base issue size of ? 500 Crores and Green Shoe option of up to an additional ? 300 Crores). The relevant details of the said issuance, as required under the Listing Regulations read with SEBI Circular dated September 09, 2015 are enclosed. We request you to kindly take above information on record.09-12-2022
Vedanta to raise up to Rs 500 crore via debentures
"The company proposes to offer rated, unsecured, redeemable, non-cumulative, non-convertible debentures aggregating up to Rs 500 crore in one or more tranches and in this regard, is holding a meeting of its duly constituted Committee of the Directors on Friday," Vedanta said in a filing to BSE.07-12-2022
Vedanta Limited - 500295 - Compliance Under The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 (Listing Regulations, 2015)
This is to inform that further to the announcement made by Vedanta Limited (the 'Company') on November 08, 2021 confirming the delisting of its American Depositary Shares ('ADSs') from the New York Stock Exchange ('NYSE') and the termination of its ADS program and the corresponding deposit agreement pursuant to which ADR program was maintained, effective from close of trading on NYSE on November 08, 2021, the Company has on December 01, 2022 filed Form 15F with the U.S. Securities and Exchange Commission ('SEC') to deregister the ADSs and the underlying equity shares pursuant to the U.S. Securities Exchange Act of 1934, as amended ('the Exchange Act'). As a result, the Company's reporting obligations under the Exchange Act are ceased. Deregistration with the SEC under the Exchange Act is expected to become effective 90 days after the filing of the Form 15F with the SEC i.e. March 01, 2023. Request you to kindly take the above information on record.06-12-2022