Vedanta Resources

  • Odisha: Vedanta plans to expand refinery capacity September 9, 2014

    Bhubaneswar: Vedanta Resources Plc on Tuesday said that it plans to raise capacity of its Lanjigarh Alumina refinery to 6 million tonnes per annum (mtpa) with an investment of Rs 10,000 crore. Talking to reporters after meeting Odisha Chief Minister Naveen Patnaik, Vedanta Resources chairman Anil Agarwal said that doubling...
  • Jobs, investment should top agenda of new government: Vedanta chief May 13, 2014

    New Delhi: Employment generation and revival of manufacturing and investment besides poverty eradication should top the agenda of the new government, Vedanta Resources Chairman Anil Agarwal said on Tuesday. "As industry awaits new government, reviving manufacturing & investments, generating employment and eradication of poverty to be top agenda," he tweeted. Exit...
  • SC dismisses plea challenging VedantaCairn deal May 9, 2013

    New Delhi: The Supreme Court on Thursday dismissed a plea which had challenged the validity of the CairnVedanta deal and said there was nothing malafide in the transaction. The court was hearing a petition challenging the validity of the $8.5 billion CairnVedanta deal and had sought a CBI probe into...
  • Vedanta group's copper plant ordered to be shut down March 31, 2013

    Chennai: The Tamil Nadu Pollution Control Board (TNPCB) on Friday ordered closure of the Tuticorin copper smelting plant of Sterlite Industries, part of Vedanta Resources group, with immediate effect, and power supply to the plant has been cut off, a company official said. "The TNPCB issued the order to shut down...
  • Cairn Energy selling 8 pc stake in Cairn India: Source September 25, 2012

    Mumbai: Cairn Energy is selling an 8 per cent stake in Cairn India for up to $940 million, a source with direct knowledge of the matter said, in a second such deal in three months to pare holding in its former Indian unit. Cairn Energy last year sold a controlling stake...
  • Sesa Goa shareholders approve merger with Sterlite June 25, 2012

    Shareholders of iron ore miner Sesa Goa have approved of the SesaSterlite merger, against analysts expectation of some opposition. Shares of Sesa Goa reacted to this news and were up 1.26 per cent to Rs 188.25. On February 25, London Stock Exchangelisted Vedanta Resources (parent company of SesaSterlite) had announced to...
  • CairnVedanta deal: SC issues notice to Centre April 23, 2012

    New Delhi: The Supreme Court has issued notices to the Central Government, ONGC, Cairn Energy and Vedanta Resources on a petition that seeks criminal investigation and scrapping of the CairnVedanta deal that has allegedly caused huge loss to ONGC. The government had approved the acquisition of majority stake of Cairn India...
  • Cairn to finalise Vedanta deal in Sept: source August 11, 2011

    London: British oil explorer Cairn Energy expects to finalise a longawaited deal to sell control of its Indian business by midSeptember, bringing to conclusion a process that has dragged on for almost a year. India in June granted conditional approval for Vedanta Resources to buy a stake in Cairn India in...
  • Cairn extends deadline for $9.6 bn Vedanta deal April 7, 2011

    New Delhi: A day after the Government referred its $9.6 billion deal to a panel of ministers, UK's Cairn Energy Plc on Thursday said it has extended the deadline for completion of the sale of a majority stake in its Indian unit to Vedanta Resources by over a month to...
  • SEBI approves Cairn India deal: Vedanta chief April 5, 2011

    Mumbai: UKbased Vedanta Group on Tuesday said it has received market regulator SEBI's nod for a $9.6 billion deal to acquire a 51 per cent stake in Cairn India and will launch an open offer soon. "We have already received SEBI's approval for an open offer. The issue will open very...
  • Govt likely to clear CairnVedanta deal March 3, 2011

    New Delhi: After keeping it on tenterhooks for months, the Government looks set to clear Londonlisted mining group Vedanta Resources' $9.6 billion acquisition of Cairn India without any significant precondition. This follows the Oil Ministry watering down preconditions it had set for Vedanta to buy a 51 per cent stake from...
  • Church sells Vedanta shares over human rights violations February 7, 2010

    Orissa: The Church of England has sold all its shares in Vedanta Resources citing human rights violations as a concern. The Supreme Court had given the go ahead to the UKbased Vedanta group to mine in the Niyamgiri forests of Orissa. But tribal groups had threatened violence if the project...
  • Church of England sells Vedanta Resources shares February 7, 2010

    London: Two Church of England funding bodies said on Friday that they have sold their shares in Vedanta Resources PLC, worth a total of $6.7 million, because of objections to some of the miner's operations in India. The Church Commissioners and the Church of England Pensions Board said they acted on...
  • Forbes India: Anil Agarwal's Big Bang Theory August 17, 2009

    The first move came out of the blue. In April 2007, Anil Agarwal, the scrap dealerturnedmetals billionaire who runs Vedanta Resources, paid $1 billion to buy Sesa Goa, an ironore company. By all accounts, it appeared like straying from its core business. Vedanta had always been known for copper, aluminium...
  • Orissa tribal buys company shares to protest project July 29, 2009

    London: A long standing environment battle between an Indian corporate and Orissa tribals is now being carried to the streets of London. An agitating tribal has come up with a unique strategy. He has bought a share in the company to appeal to the shareholders to not cut down...