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NEW DELHI: Several premises of industrialist Anil Agarwal-led Vedanta Ltd in Delhi, Mumbai and Udaipur were on Monday searched by Enforcement Directorate (ED) in a suspected FEMA violation case involving transactions related to brand royalty between the UK-based Vedanta Resources and its Indian subsidiary Vedanta Ltd.The enforcement agency officials carried out a survey, searching for…
Mining conglomerate Vedanta Ltd on Wednesday reported an 89 per cent jump in consolidated profit after tax to Rs 9,352 crore for the quarter ended March 2026, helped by higher sales volumes, rising global metal prices and gains from a weaker rupee.The Anil Agarwal-led company had posted a consolidated profit after tax of Rs 4,961…
RAIPUR: Chhattisgarh police have registered an FIR against Anil Agrawal chairman and founder of Vedanta Resources Ltd and Sakti plant head Devendra Patel and others in connection with the April 14 blast at Vedanta’s power plant in Sakti district, as the death toll climbed to 20 and preliminary findings pointed to serious lapses in plant…
RAIPUR: A powerful boiler explosion at the Vedanta Limited Chhattisgarh Thermal Power Plant in Sakti district on Tuesday afternoon left at least 10 workers dead and 23 others severely injured, many with critical burn injuries, in one of the state’s worst industrial accidents in recent years, triggering panic and a massive rescue operation.The blast occurred…
NEW DELHI: At least nine workers were killed and 15 injured in a boiler explosion at Vedanta Limted power plant in Chhattisgarh’s Sakti district on Tuesday. “Nine workers have died, and 15 have sustained injuries,” Prafull Thakur, Sakti superintendent of police said, adding that the explosion occured in the afternoon.The SP further informed that right…
The Supreme Court of India on Monday declined to stay proceedings in a plea filed by Vedanta Limited challenging the approval of AdGroup’s resolution plan for the takeover of insolvent Jaiprakash Associates Limited.A Bench led by Chief Justice of India Surya Kant observed that since the appeal is likely to be decided shortly by the…
Mining billionaire Anil Agarwal’s Vedanta Ltd has told the Supreme Court that its tweaked bid for the bankrupt Jaiprakash Associates Ltd was rejected despite being better than Adani Group’s offer.In its petition challenging the lenders’ decision to accept Adani’s takeover offer, Vedanta contended that its addendum bid is about Rs 3,400 crore higher in gross…
Business conglomerate Vedanta Group has approached the National Company Law Appellate Tribunal (NCLAT), challenging the NCLT’s approval to Adani Group‘s bid for acquiring Jaiprakash Associates Ltd for Rs 14,535 crore. Anil Agarwal-led Vedanta Group was in the race to acquire Jaiprakash Associates Ltd (JAL) through an insolvency process, but the lenders in November last year…
Vedanta Ltd on Monday said its committee of directors has approved raising up to Rs 2,575 crore through the issuance of non-convertible debentures (NCDs), as the company looks to diversify funding sources and strengthen its balance sheet.According to a filing with the BSE, the panel has cleared the allotment of 2,57,500 unsecured, redeemable, rated and…
Mumbai: Vedanta Ltd, the promoters of Hindustan Zinc (HZL), is eyeing to sell up to 6.7 crore shares of HZL, translating to almost 1.6% of its equity to mop up nearly Rs 4,600 crore. On Tuesday, Vedanta informed the stock exchanges that it would sell the HZL stake through the offer for sale (OFS) route…
