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Vedanta closes its plant in Odisha

Odisha government’s inability to make a timely intervention has forced the London-listed Vedanta Aluminium Limited (VAL) to shut down, albeit temporarily, its refinery unit at Lanjigarh in Kalahandi d

Sesa Goa, Sterlite merger gets shareholders nod

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Shareholders of Sesa Goa and Sterlite Industries -- both controlled by London-listed miner Vedanta Resources -- approved the plan to merge the group's various Indian arms into a single unit, the two c

Cairn deal boosts miner Vedanta's core profit

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India-focused miner Vedanta posted a 13 per cent rise in full-year core profit, as its zinc operations and recently acquired oil producer Cairn India helped offset the impact of a regional mining ban

SC bench recuses itself from hearing PIL on Cairn-Vedanta deal

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A Supreme Court bench on Friday recused itself from hearing a petition challenging the validity of the USD 8.5 billion Cairn-Vedanta deal and seeking a CBI probe into reasons for ONGC and governmen

Vedanta offers Rs 16K-cr to buy out govt's stake in HZL, Balco

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Sterlite Industries has offered to pay Rs 16,000 crore to buy government stakes in Hindustan Zinc (HZL) and Bharat Aluminium Company (Balco), in which the majority holding was acquired by the Vedanta

Vedanta merges India units, sees cost savings

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Vedanta Resources will simplify its business structure by merging its Indian subsidiaries into a single unit to cut costs and improve cashflows, the London-listed miner said, as it looks to streamline

Vedanta H1 operating profit up 19 pc to USD 1.171 billion

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Buoyed by a 43 per cent increase in revenue, Anil Agarwal-led Vedanta Resources Plc on Thursday reported an 18.9 per cent rise in consolidated operating profit to USD 1.171 billion for the first half

Working with Cairn to satisfy takeover preconditions: Vedanta

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London-listed mining group Vedanta Resources on Monday said it is working with Cairn Energy to 'satisfy' preconditions that the government has set for its takeover of Cairn India.

The billionaire Ani

Vedanta to take 10 per cent stake as Cairn rejigs deal

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India-focused miner Vedanta Resources PLC has taken another 10 per cent stake in Cairn Energy's Indian assets as part of the overhaul of an agreed but long-delayed deal that will also cut the price ta

Cairn India awaits key ruling

New Delhi: Britain's Cairn Energy chief Bill Gammell has been racking up air miles visiting India as he tries to salvage a $9.6-billion deal to sell the firm's Indian unit to resources giant Vedanta.

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