Vedanta

  • Vedanta Aluminium aims to triple capacity by 2015 21-10-2013 03:20 PM

    New Delhi/Bhubaneswar: Vedanta Aluminium will triple its capacity by 2015 to 2.3 million tonnes to cater for an expected surge in demand in India, its managing director said, even though its inability to source enough alumina at home has forced it to import the raw material. The company, a unit...
  • Vedanta seeks blessing for $3.5 billion India buyout offers 16-10-2013 03:39 PM

    London: Mining group Vedanta has asked shareholders to renew their backing for an offer of up to $3.48 billion to buy government minority stakes in two of its subsidiaries, as it seeks to streamline its structure. India had been hoping to raise about $9 billion from the sale of state-owned...
  • Shops selling Asaram merchandise may face tax scrutiny 11-09-2013 05:57 PM

    Akola: Local tax authorities are likely to undertake scrutiny of the account books of as many as 23 shops in the district selling the products manufactured by the Ahmedabad-based ashram of self-styled godman Asaram Bapu, an official said on Wednesday. "These shops merchandise the products manufactured in Ahmedabad-based ashram of...
  • Fair growth, fair business 28-08-2013 11:12 AM

    Village councils in the Niyamgiri Hills of Odisha have last week voted decisively against mining in their area and decided the fate of billions of dollars in investment. With this, activists, policy makers and business leaders alike are confronted with a paradox that may well define our times. On one...
  • Odisha: Gram sabhas say no to Vedanta aluminium refinery 19-08-2013 06:17 PM

    Bhubaneshwar: In a huge blow to Vedanta Resources Plc's in Odisha, all the gram sabhas have voted against its Rs 50,000-crore aluminium refinery project in the Niyamgiri hills of the state. Tribals in all the 12 gram sabhas held in Rayagada and Kalahandi districts have voted against Vedanta's mining project....
  • Hold Palli Sabhas in all 166 villages to decide Vedanta's fate: Tribal Affairs Minister to govt 19-07-2013 09:12 PM

    As per the April 18th Supreme Court orders, the BJD government in Odisha is holding Palli Sabhas in 12 villages which will decide the fate of Vedanta. However, Tribal Affairs Minister K C Deo has already said that Palli Sabhas should be held in not just 12 but all 166...
  • Odisha govt to conduct Gram Sabhas to decide the fate of Vedanta 18-07-2013 08:50 AM

    Bhubaneswar: The Odisha Government is set conduct Gram Sabhas in 12 villages of Kalahandi and Rayagada districts to decide fate of the proposed bauxite mining for Vedanta atop Niyamgiri Hills. The Gram Sabhas will be held in four phases within July 30. Vedanta will be allowed to mine in the...
  • SC refuses to stay NGT order on restarting Sterlite unit 10-06-2013 07:40 PM

    New Delhi: The Supreme Court on Monday refused to stay the National Green Tribunal (NGT) order allowing Sterlite Industries Ltd to recommence operation of its copper smelting plant in Tamil Nadu's Tuticorin district under the supervision of an expert committee. "It would be appropriate to wait for the judgement (of...
  • SC dismisses plea challenging Vedanta-Cairn deal 09-05-2013 11:59 AM

    New Delhi: The Supreme Court on Thursday dismissed a plea which had challenged the validity of the Cairn-Vedanta deal and said there was nothing malafide in the transaction. The court was hearing a petition challenging the validity of the $8.5 billion Cairn-Vedanta deal and had sought a CBI probe into...
  • News 360: 2G JPC gives clean chit to PM, Chidambaram 18-04-2013 09:11 PM

    The Joint Parliamentary Committee on the 2G spectrum scam on Thursday gave a clean chit to Prime Minister Manmohan Singh and Finance Minister P Chidambaram, saying that the duo was not informed of the change in policy by the then telecom minister A Raja. ...
  • SC order on Vedanta to impact all mining operations in India 18-04-2013 08:59 PM

    Vedanta Aluminium's plan to mine the bauxite-rich Niyamgiri mountains in Kalahandi district in Orissa suffered a major jolt after the the Supreme Court on Thursday said that consent must be taken from the Gram Sabha first. ...
  • 'SC verdict on Vedanta Odisha project gives importance to Gram Sabha' 18-04-2013 03:50 PM

    The lawyer of Dongriya Kondh Tribals, Ritwik Dutta, welcomed the Supreme Court verdict on Vedanta's mining project in Odisha saying the judgment gives importance to the Gram Sabha. ...
  • Vedanta can mine in Odisha if Gram Sabha allows: SC 18-04-2013 10:45 AM

    New Delhi: Vedanta will be allowed to mine in the Niyamgiri Hills in Kalahandi district of Odisha only if the Gram Sabha allows, said the Supreme Court on Thursday, adding the final decision on the project would be taken by the Ministry of Environment and Forests in consultation with the...
  • SC verdict on Vedanta's Odisha mining project today 18-04-2013 07:45 AM

    New Delhi: The Supreme Court will on Thursday pronounce its verdict on whether Vedanta should be allowed to mine aluminium in the Niyamgiri Hills in Kalahandi district of Odisha or not. In 2008, the Supreme Court gave phase 2 clearance to Vedanta to mine at Niyamgiri but after Congress vice...
  • Panel to study status of Sterlite Industries' plant 12-04-2013 05:38 PM

    Chennai: The National Green Tribunal on Friday said a four-member committee would be set up to study the current status of the controversial copper smelting plant of Sterlite Industries at Tuticorin. The committee, comprising two members from the Tribunal and one each from Sterlite Industries and Tamil Nadu Pollution Control...
  • Vedanta completes Cairn India acquisition 08-12-2011 08:57 PM

    New Delhi: Mining group Vedanta Resources on Thursday completed the long delayed acquisition of oil producer Cairn India Ltd, after 16 months of protracted wrangling over royalty payments. Vedanta paid $8.67 billion for 58.5 per cent stake in Cairn India, the company said in a press statement. Iron-ore unit Sesa...
  • Cairn-Vedanta deal a step closer to completion 15-09-2011 12:44 AM

    Mumbai: Oil explorer Cairn India said on Wednesday it had received approval from its shareholders to accept conditions imposed by the government necessary to clear Vedanta Resources' deal to buy a 40 per cent stake in the company. The approval moves the long-delayed stake sale, one of the largest in...
  • Cairn to finalise Vedanta deal in Sept: source 11-08-2011 11:37 AM

    London: British oil explorer Cairn Energy expects to finalise a long-awaited deal to sell control of its Indian business by mid-September, 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...
  • Cairn Energy to accept all govt conditions 07-08-2011 10:52 PM

    New Delhi: After resisting for almost an year, UK's Cairn Energy Plc has said it will accept all pre-conditions of the government to get approval for selling stake in its Indian arm to mining group Vedanta Resources. The Edinburg-based firm on August 3 wrote to Oil Secretary GC Chaturvedi saying...
  • TN Police releases DMK leader MK Stalin 30-07-2011 01:13 PM

    New Delhi: DMK leader MK Stalin, who was taken into preventive custody on Thursday morning in Thanjavur, has been released by the Tamil Nadu Police. He had objected to the police from stopping his cavalde and threatened to stage a road-block. After the police intercepted his convoy, Stalin threatened to...
  • Oil Ministry approves Cairn, Vedanta deal 26-07-2011 05:31 PM

    New Delhi: More than three weeks after the Cabinet Committee on Economic Affairs gave conditional nod to the $ 9-billion Cairn-Vedanta deal, the Oil Ministry on Tuesday sent a formal letter to the companies informing of the decision. "The letter was collected by Cairn India representatives this afternoon," an oil...
  • Orissa HC rejects Vendanta's plea for expansion 19-07-2011 12:17 PM

    Bhubaneshwar: In a major setback for Vedanta Aluminium Ltd, the Orissa High Court has rejected the company's plea for a six-fold expansion its refinery in Lanjigarh in the state. Vedanta Aluminium Ltd had moved the High Court challenging the Centre's stalling of its refinery expansion plan. Vedanta was in the...
  • Will promote enviroment, growth: Natrajan 17-07-2011 04:47 PM

    Karan Thapar: Hello and welcome to Devil's Advocate in a special interview with the new Environment Minister. How does she see her job and how will she face up to the challenges she has to contend with? This is the key issue I shall explore today with Jayanthi Natrajan. Mrs...
  • 'Flip-flops in enviornment policy will stop' 17-07-2011 08:48 AM

    New Delhi: Jayanthi Natarajan, the new Environment Minister has assured that she strive to end the uncertainty surrounding environment clearances for major projects like POSCO and Vedanta. She said that she will ensure that her ministry takes speedy decisions when it comes to green clearances. Natrajan in conversation with Karan...
  • Cairn's stock up after govt approves Vedanta deal 01-07-2011 11:40 AM

    Mumbai: Shares of Cairn India surged by nearly 3 per cent in morning trade on the Bombay Stock Exchange after the government gave its approval for the sale of a stake to UK-based mining firm Vedanta, 10 months after the deal was first announced. The Cabinet Committee on Economic Affairs...