Foxconn says will soon submit application to govt’s “Modified Programme for Semiconductors and Display Fab Ecosystem”; Vedanta to line up other partners to set up India’s first foundry
Union minister Rajeev Chandrasekhar says Centre will allow both companies to independently pursue strategies for semiconductors
Vedanta in Feb had tied up with Foxconn to make chips; had selected Dholera SIR, Gujarat, for setting up India’s first semiconductor-making facility
The NCDs will be issued on a private placement basis, says Vedanta
Vedanta recently assured investors that it has a "tremendous asset" base, which delivers high cash flows. With current loan repayment, encumbrance has been released, says Vedanta
Vedanta board approves the fourth interim dividend of ₹12.50 per equity share for FY23 amounting to ₹4,647 crore.
Tatas, too, in talks with Taiwanese electronics giant Wistron to make Apple iPhones. Developments could pave way for large-scale electronics manufacturing in India
India's journey from chip taker to chip maker has officially begun, says Vedanta chairman Anil Agarwal. The JV project will generate around 1 lakh direct jobs.
Vedanta's gross debt, however, increases by ₹8,031 crore during Q1 to ₹61,140 crore. The mining giant’s dividend payout in Q1 stands at 15.4%
Vedanta’s total payout to stand at ₹7,250 cr; Vedanta says it’ll distribute a minimum of 30% of attributable profit as a dividend
