Vedanta parent raises $1.25 billion loan; stock falls
Vedanta Resources, the parent company of Vedanta, faces debt refinancing of $1 billion bonds maturing in Jan 2024, followed by $0.95 bn in Aug 2024, and $1.2 bn in Mar 2025.
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Vedanta sets up new copper unit in Saudi Arabia; stock down 2%
Malco Energy, a wholly owned subsidiary of Vedanta, has incorporated a new unit in Saudi Arabia to manufacture copper rod.
Vedanta shares rise 2% after hitting 52-week low in previous session: here’s why
Vedanta plans to restructure its businesses such as aluminum, iron & steel, and oil & gas into separate listed entities, which could help its parent company manage its debt load.
Vedanta to raise up to ₹2,500 cr via NCDs; stock hits fresh 52-week low
The committee of directors of Vedanta on Thursday approved raising up to ₹2,500 crore through the issuance of NCDs in one or more tranches.
Coal India shares nosedive 5% on govt stake sale plan
The government plans to sell 3% stake in CIL at a floor price of ₹225 per share, a discount of 6.7% to Wednesday’s closing price.
Vital minerals, metals for clean energy dominated by one country—China: IEA
China accounts for 58% of Lithium processing which is key to new battery solutions.
Hindustan Zinc cheers investors with dividend; stock rises 2%
The Vedanta Group company has declared its second dividend of ₹15.50 a share, or 775%, for FY23, amounting to ₹6,549.24 crore.
IIP growth slows to 2.4% in July from 12.3% in June
The manufacturing sector grew 3.2% in July, power generation rose 2.3%, while mining output contracted 3.3% during the month under review, the NSO data showed.
Industrial output grows 7.1% in April
The quick estimates for the index of industrial output stood at 135.1 for April 2022, compared to 126.1 seen during the corresponding month of last year.
Budget 2022: Slash zinc, lead, silver imports, says Hindustan Zinc
Regulations on the import of non-ferrous metals need to be revisited to empower the domestic market, says Hindustan Zinc CEO Arun Misra.
