Vedanta

  • Vedanta hopes to start mining in Goa in the later half of 2014 July 3, 2014

    New Delhi: Metal and mining major Vedanta Resources hopes to start iron ore production from its mines in Goa in the second half of this financial year. "We are engaging with the state government and the Ministry of Environment and Forest to gain approvals for starting mining on our leases in...
  • 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...
  • Vedanta Aluminium aims to triple capacity by 2015 October 21, 2013

    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 of...
  • Vedanta seeks blessing for $3.5 billion India buyout offers October 16, 2013

    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 assets...
  • Shops selling Asaram merchandise may face tax scrutiny September 11, 2013

    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 Asaram...
  • Fair growth, fair business August 28, 2013

    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 side...
  • Odisha: Gram sabhas say no to Vedanta aluminium refinery August 19, 2013

    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. They...
  • Hold Palli Sabhas in all 166 villages to decide Vedanta's fate: Tribal Affairs Minister to govt July 19, 2013

    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 July 18, 2013

    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 June 10, 2013

    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 NGT)....
  • SC dismisses plea challenging Vedanta-Cairn deal May 9, 2013

    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 April 18, 2013

    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 April 18, 2013

    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' April 18, 2013

    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 April 18, 2013

    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 April 18, 2013

    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...
  • Panel to study status of Sterlite Industries' plant April 12, 2013

    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...
  • MDMK to challenge Supreme Court order against Sterlite April 2, 2013

    Chennai: The MDMK on Tuesday said it would challenge the Supreme Court's order asking Sterlite Industries, a subsidiary of UK-based Vedanta Group to pay Rs 100 crore as compensation for polluting the environment and vowed to continue its fight against restarting of operations. The apex court, while directing Sterlite to pay...
  • SC slaps Rs 100 crore fine on Sterlite Industries April 2, 2013

    New Delhi: The Supreme Court on Tuesday imposed a fine of Rs 100 crore on Sterlite Industries, part of Vedanta Resources, for polluting environment through its copper smelting plant in Tamil Nadu. However, the apex court refused to direct closure of the plant in Tuticorin. The company has to pay the...
  • 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...
  • TN: Vedanta plant ordered to stop operations March 30, 2013

    Chennai: The Tamil Nadu Pollution Control Board (TNPCB) Friday ordered closure of the Tuticorin copper smelting plant of Sterlite Industries, a subsidiary of Vedanta 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...
  • Vedanta eyes minor stake in a new India refinery July 9, 2012

    London-based Vedanta Resources is keen on buying a minority stake in an oil refinery planned in Rajasthan, the Hindustan Times reported on Sunday citing a government statement. The refinery coming up at Barmer will have an annual capacity of 9 million tonnes and is expected to cost about 200 billion rupees,...
  • Sesa Goa shareholders approve merger with Sterlite June 25, 2012

    Shareholders of iron ore miner Sesa Goa have approved of the Sesa-Sterlite 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 Exchange-listed Vedanta Resources (parent company of Sesa-Sterlite) had announced to...
  • UK safety award for Vedanta suspended May 14, 2012

    London: The British Safety Council on Monday announced the suspension of its 2012 International Safety Award recently conferred on mining major Vedanta Aluminium Limited's Lanjigarh refinery in Odisha. A press release from the BSC said information had been brought to its attention concerning a fatality at the site in April 2012. It...
  • Cairn-Vedanta 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 Cairn-Vedanta deal that has allegedly caused huge loss to ONGC. The government had approved the acquisition of majority stake of Cairn India...
  • Investors see risks to Vedanta shake-up plan February 28, 2012

    London: Investors welcomed London-listed miner Vedanta's plan to streamline its structure, improve access to cash and reduce debt, saying the pressure is now on the company to implement the plan after a similar exercise failed more than three years ago. Shares in the India-focused miner, boosted last week by hopes of...
  • Vedanta to merge Sesa Goa, Sterlite Industries February 26, 2012

    Mumbai: Vedanta Resources plans to simplify its structure by placing all but one of its subsidiaries under the umbrella of a single unit, to be named Sesa Sterlite, as part of efforts to cut costs, improve access to cash and reduce the India-focused miner's debt burden. FTSE-100 diversified miner Vedanta, which...
  • Benegal leaves jury on Vedanta film competition February 24, 2012

    New Delhi: Renowned filmmaker Shyam Benegal has pulled out of a jury panel that was to judge a creative film competition organised by mining group Vedanta, as part of its media campaign, apparently aimed at improving its image. Benegal confirmed his resignation from the jury of the 'Creating Happiness Film Competition'...
  • Vedanta completes Cairn India acquisition December 8, 2011

    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...