This action might not be possible to undo. Are you sure you want to continue?
5 tonne cargo
Gangavaram Port discharged 4497.5 tonne (612 packages) of project cargo in a single day from vessel ‘MV Setubal Castle’ carrying project cargo for Vedanta Aluminium Limited on October 18. The port followed up this achievement by discharging 4,406 tonne (620 packages) from the same vessel the next day (October 19).
Bhushan Steel plans SME park
The process of setting up of ancillary and downstream industries in Orissa is expected to get a boost with more and more metal companies evincing interest to establish such complexes in different locations of the state.
Hindustan Zinc hikes zinc, lead prices
Vedanta Resources group firm Hindustan Zinc today said it has hiked prices of zinc and lead by Rs 2,800 per tonne and Rs 1,500 per tonne, respectively, following the price movement on the London Metal Exchange.
Vedanta condemns UK agency's findings
Vedanta Aluminium Limited (VAL) has condemned the findings of the UK National Contact Point, a UK-based government agency, which accused London-based Vedanta Resources, the parent company of VAL of overlooking the interests of the local communities in Orissa.
Vedanta condemns UK agency's findings
Vedanta Aluminium Ltd (VAL) has condemned the findings of UK National Contact Point, a British government agency which accused London-based Vedanta Resources, the parent company of VAL, of overlooking the interests of local communities in its Orissa projects.
UK reprimands Vedanta over Orissa mining project
Company accused of overlooking local community’s interests.
Sterlite lowest bidder for power project
Vedanta Group company Sterlite Energy is believed to have bagged the country's first Ultra Mega Power Transmission (UMTP) project, breaking the decades-old monopoly of state-run PowerGrid Corporation.
Sterlite Energy bags 1st ultra mega power transmission project
Vedanta Group company Sterlite Energy is believed to have bagged the country's first ultra mega power transmission project, breaking the decades old monopoly of state-run PowerGrid Corporation.
Vedanta Aluminium to set up downstream park
To promote downstream utilization of aluminium, Vedanta Aluminium Limited (VAL), a subsidiary of Vedanta Resources Plc, plans to set up an aluminium park at Jharsuguda.
Rescue operation on at Balco's mishap-hit plant
Rescue and relief operation continued for the second day today at the under-construction power plant of metal major Bharat Aluminium Company (Balco) at Korba, where 14 labourers
were killed in a chimney collapse, officials said.
Financial closure of 1,980 Mw plant in 3 mths: Sterlite
Firm had failed to complete closure within 12 months of project allotment.
Orissa asks mega projects to file progress milestones
The Orissa government today asked the mega industries, which had signed memorandum of understanding (MoU) with it for setting up of projects, to submit reports on milestones achieved by them regarding the progress of their projects.
Sterlite tops Grupo's offer price in Asarco bid war
Just when everyone wrote him off for his bid for bankrupt mining company Asarco, Vedanta Resources Chairman Anil Agarwal is back with a vengeance.
Vedanta's bauxite mining: clearance after MoEF finding
The government today said Vedanta's bauxite mining project in Orissa would be given a final clearance only if it doesn't violate the Forest Conservation Act.
India keen for jt mineral exploration with Africa
India is keen to forge cooperation with resource-rich southern African countries of Zambia, Malawi and Botswana in the field of mineral exploration and play a major role in their economic development, Vice President Hamid Ansari said today.
Sterlite to set up power plant at Tuticorin
Sterlite Industries, a subsidiary of London Stock Exchange-listed Vedanta Resources Plc, is planning to invest around Rs 650 crore to set up a power plant at Tuticorin in Tamil Nadu.
When India Inc had a rough Raj in UK
Even before 2009 started, all initial indicators suggested that India Inc’s year in the UK would be that of the Tatas. The close of the year simply confirmed this with plenty of interesting developments leading to that
which has set up a 0. Fitch Affirms Vedanta at 'BBB-'. (VAL). Outlook Negative 17-DEC-09 . is forced to purchase alumina from traders importing the material from countries like Australia to keep its smelter in operation.200crore Jharsuguda power plant in Orissa within three months. Sterlite Energy to start Jharsuguda's first unit in 3 mths 30-DEC-09 Vedanta group’s Sterlite Energy plans to commission the first phase of its Rs 8. VAL buys alumina from traders for Jharsuguda smelter 19-DEC-09 Vedanta Aluminium Ltd.foregone conclusion.5 million tonne aluminium smelter at Jharsuguda in Orissa.
as part of its $8-billion project in the state. where we have proposed to mine bauxite. Vedanta seeks Orissa's help to restrict movement of international NGOs 16-DEC-09 The Vedanta Group has asked the Orissa government to restrict the entry of foreign nongovernment organisations (NGOs) in the area where it proposes to mine bauxite. “These NGOs comprising Survival International and Action Aid are instigating locals to go to the hill top. and set up houses.1bn over the next three years. respectively.Fitch Ratings has today affirmed the UK-based metals and mining company Vedanta Resources PLC's (Vedanta) Long-term Issuer Default Rating (IDR) at 'BBB-' with Negative Outlook. and its USD600m senior unsecured bonds due February 2010 at 'BB+'. Fitch has also affirmed Vedanta's USD500m and USD750m senior unsecured unsubordinated bonds due January 2014 and July 2018. saying they were instigating locals. Sterlite Energy Ltd (SEL). which would increase capex by USD2.980MW power project at its subsidiary. Vedanta seeks Orissa's help to restrict intl NGOs movement 15-DEC-09 Vedanta Group has asked Orissa government to restrict entry of foreign NGOs in the area . This rating action follows the company's announcement of a revival of the earlier deferred 1.
chairman of Vedanta Group. saying they were instigating locals.980 MW Talwandi Sabo power plant as it has tied up with funds. as part of its $8-billion project in the state.2009" by international weekly-Mining Journal. for outstanding contribution to the mining industry." a senior official of Punjab State Electricity Board (PSEB) told . Anil Agarwal bags Mining Journal award 04-DEC-09 Metal and mining major Vedanta Resources today said its Chairman Anil Agarwal has been conferred with the "Lifetime Achievement Award . an internationally weekly magazine. Award for Anil Agarwal 06-DEC-09 Anil Agarwal. for his contributions to the mining industry.where it proposes to mine bauxite. Sterlite Energy ties up Rs 10k cr for Talwandi Sabo project 03-DEC-09 "The company (Sterlite) has completed its formalities with regard to the financial closure of 1. has received the Lifetime Achievement Award 2009 from Mining Journal.
PTI. says report 02-DEC-09 The Vedanta Aluminium Ltd (VAL). No violation by Vedanta at Niyamgiri. has not violated any forest and environment norms at its alumina refinery and bauxite mining site in Kalahandi district of Orissa. Pada-yatra against Posco and Vedanta University projects 30-NOV-09 The anti-land acquisition leaders and the activists of various Jana Sangathans in Orissa have intensified their stir against the projects of Posco and Vedanta. Court rejects bail pleas of Balco officers 28-NOV-09 The local court in Korba has rejected the bail plea of top Vedanta Resources officials who were arrested on November 17 in connection with the chimney mishap in the companyowned Bharat Aluminium Company Limited . the two big ticket investments in the state. part of Vedanta Resources. according to a report of the state government.
a blow to the company already facing hurdles to a planned $9. Indian companies borrowed over $2 billion (around Rs 9. Environment min rejects Vedanta mining plan 24-AUG-10 New Delhi on Tuesday rejected a plan by India-focused mining group Vedanta Resources Plc to mine bauxite in Orissa. Sterlite hikes cash component of Asarco offer to $2. ECB volumes crossed $2 bn mark in July.800 crore based on current exchange) in a month through the external commercial borrowing (ECB) route.1 bn 20-AUG-09 Vedanta group firm Sterlite Industries today said it has increased the cash component of its offer for acquiring US-based bankrupt copper miner Asarco by $500 million to nearly $2.6 billion energy deal in the country. after 9 months 27-AUG-09 For the first time since September 2008. .1 billion.(Balco).
Iron ore demand not growing as fast as prices 24-AUG-10 Mining groups and metal makers got themselves in a pickle a year-and-a-half ago when commodity prices collapsed across the board. That left it with a debt mountain of $39 billion. where the government of these parties are in power. are stiffly opposing the setting up of the Vedanta University Project at Puri. in Andhra Pradesh. The discovery of oil and gas in the Nagayalanka-1z well in block KGONN-2003/1 has been notified to upstream regulator Director General of Hydrocarbons. two parties in the opposition bench in Orissa. two south Indian states. Cairn India strikes oil. are vying with each other to get the project relocated to their respective state. But the experience proved particularly hurtful for the Anglo-Australian Rio Tinto since just ahead of the world slipping into a crippling recession it bought the Canadian aluminium maker Alcan at top dollar of $38 billion. gas in K-G basin 24-AUG-10 Cairn India Ltd has struck oil and gas in an onshore block in the Krishna-Godavari basin. Rosaiah invites AAF to relocate Vedanta university to AP 24-AUG-10 Even as the Congress and BJP. .
principal secretary (environment and forest).48 billion offer for majority stake in Cairn India. ONGC-OIL-Gail may counter Vedanta offer 24-AUG-10 State-owned ONGC. is scheduled to call on Ramesh tomorrow to present the state government's version on Vedanta's proposed bauxite mining . OIL and Gail may make a joint bid to counter Vedanta Resources’ $8. and have already got $10 billion in loan committments from international banks for the move. Orissa government. Orissa to make last ditch effort for Vedanta project 24-AUG-10 Even as the Union environment minister Jairam Ramesh is slated to announce his decision tomorrow on the Vedanta's proposed bauxite mining at Niyamgiri hills in Orissa's Kalahandi district. the Orissa government will make a last ditch attempt to present its side of the story on the project U N Behera.the company said in a communication to the Bombay Stock Exchange.
Decision on Vedanta mining project tomorrow: Ramesh 23-AUG-10 The fate of Vedanta's controversial mining project in Niyamgiri Hills will be decided tomorrow by Environment Minister Jairam Ramesh on the basis of the report submitted by a key government panel on forest clearance.48 billion offer for majority stake in Cairn India. OIL and GAIL may make a joint bid to counter Vedanta Resources' $8. ONGC-OIL-GAIL may counter Vedanta's offer for Cairn 23-AUG-10 State-owned ONGC. FAC meet to discuss recommendation of Saxena panel on Vedanta 23-AUG-10 The Environment Ministry's Forest Advisory Committee will meet tomorrow to discuss recommendations of the N C Saxena panel report seeking ban on mining projects of UKbased Vedanta Resources in Niyamgiri Hills in Orissa citing violation of norms. and have already got $10 billion in loan commitments from international banks for the move. .
Environment Min panel accepts Niyamgiri findings 23-AUG-10 A key panel under the Environment Ministry is understood to have accepted the recommendations of the N C Saxena committee report seeking ban on mining projects of UK-based Vedanta Resources in Niyamgiri Hills in Orissa citing violation of norms. which wants state-owned Oil and Natural Gas Corp a chance to buy the holding. the Mint newspaper reported on Monday. ONGC may have to pay $13 bn for Rajasthan block 23-AUG-10 State-owned Oil and Natural Gas Corp (ONGC) may have to pay over $13 billion if it were to exercise its pre-emption or right of first refusal to buy Cairn India in the giant Rajasthan block. . Oil ministry may scupper Vedanta-Cairn deal: report 23-AUG-10 London-based Vedanta Resources' proposed acquisition of a majority stake in Cairn India may be scuppered by India's petroleum ministry.
Vedanta issue 22-AUG-10 Orissa Chief Minister Navin Patnaik will meet the Prime Minster here tomorrow and may take up the issue of denial of clearances to multibillion dollar projects of Vedanta Resources and South Korean steel giant Posco in the state by the Environment Ministry.Chhattisgarh asks Balco to reduce height of proposed cancer hospital 23-AUG-10 Chhattisgarh government has asked Vedanta Group's subsidiary Bharat Aluminium Company Ltd (Balco) to cut short the height of its proposed cancer research centre in Raipur. Orissa CM to meet PM. may take up Posco. Anil Agarwal set to pip Mukesh Ambani as richest Indian 22-AUG-10 The proposed takeover of Cairn Energy's India business could see NRI billionaire Anil Agarwal emerging as the richest promoter of a corporate house ahead of Mukesh Ambani. who has ruled the list for long. .
Vedanta's Rs 75 cr Trauma Care Centre in city soon 13-FEB10 The construction work for a 100-beded. food. including their right to water. for violating the human rights of local communities. the London-based mining company. stateof-the-art Trauma Care Centre. is likely to start soon. Amnesty flays Vedanta for violating people's right 10-FEB10 Amnesty International has lambasted Vedanta Resources. co says no 09-FEB10 .4 mt. Amnesty alleges human rights violation by Vedanta. India to have 2 MT surplus aluminium for export by 2013 12FE B10 Capacity expansion by planned projects to treble production to 4. Orissa. health and work by operating a heavily polluting alumina refinery in Lanjigarh. to be set up by Vedanta Aluminium Ltd (VAL) in Bhubaneswar.
a leading rights watch said today. Vedanta's alumina mining hazardous: Amnesty Intl 09-FEB10 Alumina mining in Orissa is causing serious health and environmental hazards.Human rights watchdog Amnesty International today alleged that the government and Vedanta had failed to protect Orissa's indigenous communities from health hazards of mining. slamming the government and mining major Vedanta for failing to properly inform indigenous communities about its impact. . but the mining major hit back saying the claims were based on "outdated document". Amnesty rejected our offer for engagement: Vedanta 09-FEB10 Vedanta Resources today questioned the Amnesty report saying allegations levelled in it against Lanjigarh refinery were based on "outdated document" and challenge the credibility of India's regulatory framework.
to lend his support in fighting against London-listed mining and metals major Vedanta Resources from setting up its aluminium plant in Orissa.NGO appeals to Cameron in its fight against Vedanta 09-FEB10 Survival International. Arbitration over sale of govt's stake in Balco inconclusive 05-FEB10 A three-day hearing by an arbitration panel of retired Supreme Court judges ended inconclusively on Tuesday. has appealed to the director of the Hollywood blockbuster Avatar. Church of England sells stake in Vedanta 06-FEB-10 Withdraws investment over Orissa project. James Cameron. Shyamal Majumdar: Reality check on jobs 05-FEB- . a London-based NGO. on the sale of residual government stake in Bharat Aluminium Company (Balco).
8-billion investment plan to increase its fully integrated aluminium smelting capacity. are filling up vacancies. finally. but also at the offices of your friendly neighbourhood placement agencies. Londonbased Vedanta Resources Plc has now evinced interest in setting up a steel plant in the state. Vedanta Resources may list aluminium subsidiary 04-FEB10 Vedanta Aluminium has a $7.000 crore on various projects in Orissa including an aluminium smelter plant.10 Jobs are back. And the optimism is visible not only at the Indian Institute of Management campuses. led this time by infrastructure. Everyone seems to be back in hiring mode — companies across sectors. an alumina refinery unit and a mega university project. construction and equipment industries (termed the new ICE by Stanton Chase MD R Suresh). Vedanta plans steel plant in state with L&T 23-JAN10 After committing an investment of Rs 60. .
Posco’s Paradeep project in Orissa and Jindal’s Raigarh project in Chattisgarh are some classic examples that showcase project shelving due to the cumbersome land acquisition process in India. Sesa Goa earmarks Rs 1. Land Acquisition: Fear Factor for Companies 16-JAN-10 Land acquisition process. This article discusses the challenges faced by companies in land acquisition for their .Orissa CM assures bauxite for Vedanta refinery: Anil Agarwal 22-JAN10 Global mining major Vedanta group today said that the Orissa government has assured it of raw material supply to run its aluminia refinery in the state. has emerged as a major bottleneck resulting in time lags.500 crore in its mining business during the next two years to reach the annual production capacity of about 50 million tonnes. Vedanta’s (Sterlite) project in Orissa. in the recent times.500 cr capex for next two years 19-JAN10 Vedanta Resource group firm Sesa Goa today said that it will spend about Rs 1. cost over runs. business uncertainties and even shelving of projects by companies. Tata’s Singur project in West Bengal.
Vedanta violated govt clearances: report 14-MAR-10 Environment panel claims the company started work in non-forest areas without necessary .000 acres in the area for its alumina smelter and power plant." CIL Chairman Partho Bhattacharya said. An official of Vedanta said the company needed 1. CIL objects to Vedanta's plant site in Bengal 16-MAR-10 State-owned Coal India Ltd (CIL) has raised objections to the choice of site for Vedanta Aluminium Ltd’s proposed plant at Bidhanbag near Asansol in West Bengal.projects in India and the way forward. saying that it was a coal-bearing region. CIL objects to Vedanta's plant site in WB 15-MAR-10 State-owned Coal India Limited (CIL) has raised objections to the choice of site for Vedanta Aluminium Limited's proposed plant at Bidhanbag near Asansol in West Bengal. saying that it was a coal-bearing region. "The project needs detailed discussion because of the location.
Vedanta violated green norms in Orissa: Ramesh 13-MAR-10 Environment Minister Jairam Ramesh today said a three-member team was assessing the London Stock Exchange-listed Vedanta Resources’ aluminium refinery project in Orissa. Vedanta violating green norms in Niyamgiri Hills: Govt 13-MAR-10 The government has said multi -national mining company Vedanata Resources has been found to have violated certain environmental regulations at its mining site in the Niyamgiri hills in Orissa. Essar group working on $8-billion listing on LSE 08-MAR-10 .sanctions.
The Essar group is exploring the option of an $8-billion listing on the London Stock Exchange. An office maven sent out emails every six months or so. plans to foray into the construction of power projects. potentially making it the first Indian company to enter LSE since Vedanta Resources seven years ago. This particular machine was located in a spot where people could not be observed. People assembled their beverages and dropped money in an honour box. Vedanta raises Rs 4. coffee and milk were dispensed using an honour system. said a top company official.000 crore via bonds issue 03-MAR-10 . Madhukar Sabnavis: Inspiring consumers 05-MAR-10 The beverage station was located in a nondescript office in Newcastle in Northeastern England. reminding people to pay for their beverages. It was not different from thousands of other office stations where tea. Ahluwalia Contracts plans power foray 05-MAR-10 Ahluwalia Contracts (India) Ltd (ACIL). the main contractor for the Commonwealth Games Village.
Vedanta Resources. Vedanta raises Rs 17. Sterlite Industries. Vedanta to raise $850 mn via bond issue 02-MAR-10 Mining giant Vedanta Resources today said it would raise $850 million (about Rs 3.000 crore) through issue of convertible bonds in Europe. Potangi is estimated to have bauxite reserves of over 70 million tonnes. through issue of convertible bonds to partially repay the debts. including the optional $75 million. raised $883 million (Rs 4.911 crore).000 cr debt for Orissa project 25-FEB-10 . the London-listed holding company for India's largest copper producer. State nod for Potangi bauxite mining lease to Nalco 03-MAR-10 The Orissa government has recommended the grant of Mining Lease (ML) for Potangi bauxite reserve in Koraput district in favour of the public sector National Aluminium Company Ltd (Nalco).
2mn pound worth shares in Vedanta 18-FEB-10 The Joseph Rowntree Charitable Trust today said it. Task force on steel. two others sell 2. a subsidiary of the billionaire Anil Agarwal-promoted Vedanta Resources. a charge the London-based mining major strongly denies. Action Aid accuses govt of aiding Vedanta 18-FEB-10 The international NGO Action Aid today criticised the government for not acting against Vedanta Resources for the alleged human rights violations. a motive questioned by NRI billionaire Anil Agarwal-led company.Vedanta Aluminium.2-million pound worth shares in the mining giant Vedanta Resources citing human rights and environment issues. along with two other investors. has sold 2. aluminium to vet new proposals 15-FEB-10 The Orissa government has constituted two separate task forces for steel and aluminium .000-crore debt for its ongoing project in Orissa to increase its fully-integrated aluminium smelting capacity. has raised a Rs 17. JRCT.
SC refers to larger bench issue of entry tax on goods 16-APR-10 A five-judge bench of the Supreme Court today decided to refer to a larger bench the issue of imposition of entry tax on goods coming into jurisdiction of the respective states. involving financial implications to the tune of Rs 30. Environmental nod for Vedanta varsity 19-APR-10 The Vedanta University project in Orissa. has also got the CRZ (Coastal Regulatory Zone) clearance.000 crore. Final round of Balco stake sale arbitration next week 15-APR-10 . which is facing problem over land acquisition and other issues for the past two years. has got a shot in the arm with the Union ministry of environment and forests (MoEF) giving its clearance for the project. Earlier. The mandate for the task forces is to scrutinize various investment proposals coming in the steel and aluminium sectors before being sent to the State Level Single Window Clearance Authority (SLSWCA). the state government had formed similar task forces on power and cement industries.industries in the state. The project promoted by the Anil Agarwal Foundation (AAF). a nonprofit organisation.
an increase of 59 per cent and 34 per cent over the corresponding periods. respectively.8 million tonnes (mt) and 21. Sunita Narain: Bullets are not the answer 09-APR-10 . Govt proposes to make land-losers stakeholders 15-APR-10 The government is considering a proposal to make it mandatory for companies like Vedanta Resources and ArcelorMittal to offer shares to those displaced by their future mining projects.4 mt. But the move is being opposed by the industry. the company said iron ore production in the last quarter and 2009-10 was 7.Judgement expected in the following fortnight. Vedanta sees record production 09-APR-10 In a statement issued today.
deprivation and lack of justice that are breeding tension and anger in many rural and tribal areas of the country. let us be very clear. it is also clear that we cannot brush aside the underlying issues of poverty. . global consultancy Ernst and Young said in a report. while the immediate task is to annihilate the Naxalites. coal. there is no real solution at hand. unless we can fix what is broken here. We cannot say that these development-related issues are long term. There is no doubt that this use of force is illegal and it is wrong.The massacre of 76 policemen in Dantewada district of Chhattisgarh by the Naxalites is reprehensible. the Orissa government has decided to intensify exploration of bauxite. Because. M&As deals in mining space up 173% at Rs 981 mn: E&Y 29-MAR-10 Led by Vedanta Group firm Sesa Goa's buyout of mining business of V S Dempo. limestone and heavy minerals in beach sand. But. Indian companies saw 16 M&A deals worth $981 million in the mining space in 2009. as the Congress party spokesperson has reportedly said. State identifies 100 small bauxite plateaus for exploration 05-APR-10 To meet the future raw material requirement of the industries using non-ferrous metals.
Lakshmi Mittal richest Asian in UK 28-MAR-10 Steel baron Lakshmi Mittal. says Lok Shakti Abhijan 24-MAR-10 The Lok Shakti Abhijan (LSA) and Samajbadi Jan Parishad (SJP) today called upon the state government. 'Sterlite model' may be applied in Lafarge's Meghalaya project 27MA R10 Formula devised by SC mooted for limestone mining by the French firm. owner of the world’s largest steel company ArcelorMittal. . with an estimated wealth of £17 billion. leaders of mass movement and intellectuals to ensure that all the projects undertaken by Vedanta group in Orissa are halted. leaders of political parties. Halt all Vedanta projects. is the richest Asian in Britain for the year 2010.
is losing $90 on every tonne of alumina it produces. B K Handique to Angul on Friday if their proposed pay scale revision is not finalized at the company's board meeting to be held on the same day. The company’s 1-million tonne refinery in Lanjigarh. Nalco Officers' Association to oppose minister's visit 17-MAR-10 The Officers' Association of National Aluminium Company's units at Angul and Damanjodi have vowed to oppose the visit of the Union mines minister. the state government’s Lanjigarh Area Hospital. which is a subsidiary of London-based metals giant Vedanta Resources. was ‘contracted out’ to Vedanta Alumina Ltd (VAL). is a worried man. owing to high input costs. promoted by Anil Agarwal. . which began operations in September 2007. 'Soaring costs are killing Vedanta Alumina' 18-MAR-10 Mukesh Kumar. This was done under an agreement signed between the district health authorities and the refinery. chief operating officer of Vedanta Alumina (VAL).The twist in the Kondh struggle 19-MAR-10 Towards the end of 2009. in the Lanjigarh block of Orissa’s Kalahandi district.
or the Universal Lawgiver. Vedanta varsity project faces environment hurdle 12-MAY-10 In a major set back to the Vedanta University Project of the Anil Agarwal Foundation at Puri in Orissa. . The hilltop is considered sacred. the King of Law). the place where their presiding deity Niyam Raja (literally.Tribe readies for battle against Vedanta's mine 17-MAR-10 The Dongria Kondh tribe who live in the Niyamgiri Hills of Orissa do not normally go to the top of the bauxite-rich slopes. Vedanta: Expanding global presence 11-MAY-10 The acquisition of Anglo American gets Vedanta group a dominant position in the global zinc and lead business. the Union ministry of environment and forests (MoEF) today kept in abeyance its earlier order giving environment and CRZ (Coastal Regulation Zone) clearance to the project. is said to reside. and they leave it undisturbed.
which will be funded through Hindustan Zinc.3 bn 10-MAY-10 Beating rivals like China Metallurgical and Xstrata. Vedanta Resources today said it has finalised a deal with the London-based Anglo American's entire zinc business in Ireland and Africa for $1. Vedanta buys Anglo zinc assets for $1.34 billion (Rs 6.Indian firms back on the prowl 11-MAY-10 Aluminum major Vedanta’s $1. Vedanta to buy UK firm's zinc assets for $1.34-billion acquisition of the zinc assets of Anglo American.34 billion deal.011 crore) in an all-cash deal.3 bn 11-MAY-10 London-based minerals and metals major Vedanta Resources today announced it would buy UK-based Anglo American Plc’s zinc business for $1. . is the latest manifestation of the restored growth appetite of Indian companies.
finally 04-MAY-10 Vedanta-controlled Bharat Aluminium Company (Balco) will get legal possession of 600 acres of land that it had allegedly encroached upon in Korba district of Chhattisgarh. Hindustan Zinc and Sesa Goa.Vedanta Resources' net triples 07-MAY-10 Billionaire Anil Agarwal-promoted Vedanta Resources said its net profit for the year ended March 31 almost tripled to $602. Nalco asked to give consent on SPV for Potangi mines area 27-APR-10 The Orissa government has asked the public sector National Aluminium Company Ltd (Nalco) to give its consent for floating a . Its Indian operations include Sterlite Industries. The London Stock Exchange-listed company is the holding company for India’s most diversified base metal producers. Balco to get possession of land.710 crore) on the back of higher metal prices.3 million (Rs 2.
according to The Sunday Times published today.380 crore on the back of higher metal prices and stronger sales figures. Vedanta inks O&M deal with German firm for Orissa power plant 23-APR-10 Vedanta Resources has outsourced the operation and maintenance of its Rs 8. . said its consolidated net profit for the quarter ended March 31 rose 130 per cent to Rs 1. the India-born CEO of steel maker ArcelorMittal. India’s diversified base metal producer.Special Purpose Vehicle (SPV) for local area development of the Potangi bauxite project area in Koraput district. L N Mittal tops Rich List for sixth year in a row 26-APR-10 Lakshmi Mittal. has for the sixth year in a row.000 richest people. Sterlite net up 130% on higher prices 27-APR-10 Sterlite Industries. topped the list of Britain’s 1.200 crore power project in Orissa to Germanybased Evonik Energy.
Vedanta and Evonik ink Rs 14.000-CRORE O&M deal 23-APR-10 Sterlite Energy. Hindustan Zinc said in a filing to the Bombay Stock Exchange (BSE). P K Mukherjee.47 crore for the fourth quarter ended March 31. has signed a Rs 1400 crore operation and maintenance contract with Evonik Energy Services India (EESI) for their 4x600 Mw power plant at Jharsuguda.262. 'There is no adverse impact on China sales' 22-APR-10 Vedanta Resources-controlled Sesa Goa exports most of its production to steel makers in China. In a telephonic interview. talks to Abhineet Kumar on recent developments and the company’s plans.498.240 cr 21-APR-10 Income from operations rose to Rs 2. the world’s largest buyer of iron ore. Hindustan Zinc Q4 net zooms doubles to Rs 1.68 crore for the same period last fiscal. managing director. . a group company of Vedanta Plc. compared to Rs 1.
200-crore power project in Orissa.11 crore on account of strong demand for the mineral from countries like China.200 cr project 3 0J U N 1 0 Vedanta Resources group firm Sterlite Industries today said it has started commissioning the first unit of its about Rs 8. Vedanta to invest Rs 350 cr for setting up cancer hospital 2 9J U N 1 0 .215 cr 20-APR-10 Vedanta Resources group firm Sesa Goa today said its net profit for the fourth quarter of the last fiscal surged to Rs 1.Sesa Goa Q4 net up two-fold at Rs 1. Sterlite lights up boiler of Rs 8.215.
Govt gives clean chit to land acquisition for Vedanta University 2 8J U N 1 0 After facing the ire of the Opposition on many occasions over the controversial Vedanta University Project (VUP). which would develop the project. is a public limited company. the Orissa government has finally clarified that the Anil Agarwal Foundation (AAF). with an investment of around Rs 350 crore. Opposition slams Orissa govt over Vedanta University project 2 6J U N 1 0 The alleged irregularities in the allotment of land for the controversial Vedanta University Project (VUP) has stirred up the hornet's nest yet again with the Opposition political parties . Chhattisgarh.Mining giant Vedanta today said that it is setting up a 360-bed cancer hospital in Raipur.
000 cr aluminium. Sundergarh. Nalco may shift site of its 2nd aluminium project in Orissa 24-JUN-10 Looking for new locations in Sambalpur.mounting pressure on the state government to file its response to the Lokpal order on the issue. Vedanta to set up multi-speciality hospital at Jharsuguda 2 5J U N 1 0 After the successful operationalization of its smelter plant at Jharsuguda. multi-speciality hospital at the same location at an investment of Rs 50 crore. Bolangir for Rs 16. Vedanta Aluminium Limited (VAL) has now decided to set up a state-of-the-art. power complex. .
for now. Orissa gives nod to Vedanta's expansion plans 2 2J U N 1 0 The Orissa government today gave the green signal for capacity expansion of Vedanta Aluminium's alumina refinery at Lanjigarh to 6 million tonnes per annum (mtpa). besides an increase in the throughput of its Jharsuguda .779 crore to HLCA 23-JUN-10 New proposals in aluminium and steel sectors.Vedanta Aluminium listing plan on hold 2 3J U N 1 0 Sustained protests from environmentalists and investors lead to a retreat. Single Window refers proposals worth Rs 69.
Vedanta may shift varsity to southern states 1 4J U N 1 0 The estimated $3-bn Vedanta University was to start Phase-I by mid-2011 but is facing stiff opposition from locals. warning the government of dire consequences if it proceeds with renewal of the agreement with the South Korean steel major.smelter to 1.6 mtpa. BJP demands cancellation 2 2J U N 1 0 The Opposition BJP has demanded the cancellation of the pact. an official source said. .
Experts question merit of upcoming private varsities 0 9J U N 1 0 Even as the Orissa government is gearing up to grant the private university status to educational institutes in the state. . leading educationists have questioned the quality of such institutions and the credentials of the promoters running them.Single Window likely to clear two new cement 1 units 0J U N 1 0 The State Level Single Window Clearance Authority (SLSWCA) of the Orissa government in its 30th meeting on Thursday is likely to clear proposals for two new cement manufacturing units besides approving the capacity expansion plans of Vedanta Aluminium Limited (VAL) and Hindalco Limited.
4 million tonne alumina refinery set up at the foothills.Niyamgiri tribals to intensify stir against Vedanta mining 0 7J U N 1 0 The local tribals of Niyamagiri hills in Orissa’s Kalahandi district. saying his government will look into the matter. Pollution notices to Vedanta. where Vedanta Alumina Limited (VAL) proposed to mine bauxite to feed its 1. NTPC-Kaniha and Visa Steel 27-JUL-10 The State Pollution Control Board (SPCB) . Patnaik says govt will look into Vedanta issue 12-MAY-10 Orissa Chief Minister Naveen Patnaik today sought to react cautiously to the Union Environment Ministry's decision to put on hold the controversial Vedanta University project in Orissa. have vowed to restrict the company from starting its mining operation and decided to launch dharana in front of the state assembly from June 22 next to register their protest.
and charged it with violating several rules.served closure notices on two industries in 2009-10 for failing to comply with the desired pollution emission norms and consistently violating the norms despite showcause notices. Sterlite Industries facing tax demand of Rs 324 cr 26-JUL-10 Vedanta Group firm Sterlite Industries today disclosed that the excise department has slapped a tax notice of about Rs 324 crore on the company. Nalco to relocate its second aluminium plant to Sundergarh 26-JUL-10 The state-run National Aluminium Company (Nalco) has zeroed in on Sundergarh in western Orissa to relocate its second aluminium cum . Sterlite ropes Australia's Leighton to enter ports biz 26-JUL-10 Mining major Vedanta Resources today said it has entered the port sector by roping in the Australia-based Leighton Contractors to form a joint venture with its flagship firm Sterlite Industries.
Lanjigarh tribals allege Vedanta violation of FRA 24-JUL-10 The local tribals and activists have vented their strong opposition to the diversion of 660.200 Mw power plant came crashing down.000 crore. over the collapse of the chimney in the company’s power plant on September 23 last year.66 acres) of forest land for the proposed bauxite mining on the Niyamagiri hills at Lanjigarh in south Orissa's Kalahandi district by the Vedanta Alumina Limited (VAL) before the visiting committee of the Union minister of environment and forests (MoEF). Court summons Balco CEO over chimney collapse 25-JUL-10 A local court in Korba has summoned the chief executive of Vedanta-controlled Bharat Aluminium Company Ltd (Balco). estimated to cost about Rs 16. Gunjan Gupta. Forty-one people had died when the chimney of the 1. after the originally selected site of the project in Jharsuguda district ran into problem on environment grounds.749 hectares (1632. .power complex.
but the jury is out on whether these will work.Environment Min can examine Vedanta project: AG 22-JUL-10 Attorney General GE Vahanvati has opined that the Supreme Court nod to Vedanta Resources' bauxite mining project in Orissa does not bind the Environment Ministry to give an automatic clearance to it. Brand Vedanta seeks CSR sheen 22-JUL-10 New commercials from mid-August to bridge trust deficit. Vedanta's Sesa Goa sees Q2 profit declining on China slowdown 20-JUL-10 Vedanta Group firm Sesa Goa today said its profit may fall in the second quarter due to slowing economic activity in China and prevalent monsoon. and that the project must be approved only on "merits". .
member of National Advisory Council.302 crore.Sesa Goa June quarter net triples 20-JUL-10 Sesa Goa. the most among India’s top five business houses. making it the third most valued group in the country. tripled its net profit for the April-June quarter. is India's top private-sector iron ore exporter. It posted a net profit of Rs 1. ADAG becomes country's third-most valued business house 02-JUL-10 The Anil Dhirubhai Ambani Group’s (ADAG) market valuation soared 14 per cent in the June quarter.74 hectares (1632. to look into the issue of diversion of 660.66 acres) of forest land at Lanjigarh for bauxite mining project of Orissa Mining Corporation (OMC). which was Rs 422 crore a year ago for the corresponding period. MoEF panel to review OMC's forest diversion plan 09-JUL-10 The Union ministry of environment and forests (MoEF) has constituted a four-member committee under the chairmanship of N C Saxena. a unit of London-listed Vedanta Resources. .
The feeding of 600 Mw to the state grid is expected to help the state to tide over the power shortfall of around 500 Mw. Power generation from this 600 Mw unit is set to commence from September this year and the entire power will be devoted to Orissa.400 MW power plant at Jharsuguda. Vedanta 'free' to buy $332-mn African assets 30-JUN-10 Mining major Vedanta Resources today said it is now "free" to acquire 74 per cent stake in Black Mountain zinc mines in Africa. the flagship company of Vedanta Resources.First unit of 2400-Mw Sterlite Energy ignited 02-JUL-10 Sterlite Energy Limited. . Anti-Vedanta activists hail MoEF probe panel 01-JUL-10 The anti-Vedanta activists firmly opposed to mining of bauxite by Vedanta Aluminium Limited at Niyamgiri hills in south Orissa's Kalahandi district have welcomed the move of the Union ministry of environment and forests (MoEF) to look into the allegations of the locals pertaining to violations of environment norms and forest rights. has ignited the first unit (600 Mw) of its 2. which it valued at $332 million.
Vedanta in talks to buy stake in Cairn India 13AUG10 Edinburgh. UK-based Cairn Energy Plc on Thursday said it was in talks with Indian billionaire Anil Agarwal’s Vedanta Resources Plc to sell a stake in its Indian unit.Cairn may need India govt nod for stake sale: oil secy 13AUG10 Cairn Energy may need approval from the Indian government to sell a stake in its Indian arm. Cairn Energy unlikely to exit Indian arm: official 13AUG10 Cairn India today said its UK-based parent Cairn Energy Plc is unlikely to exit completely from the company. . which operates oil and gas fields in Rajasthan and Andhra Pradesh. Cairn India. Petroleum Secretary S Sundareshan said on Friday.
Vedanta in talks to buy stake in Cairn India 12AUG10 India-focused Vedanta Resources is in talks to buy a stake in Cairn India (CIL) that would be the diversified miner's first move into oil and gas. . a news agency reported.Sesa Goa cuts 70% iron ore output in Karnataka 13-AUG-10 Decision taken after the govt banned ore exports from the state. Vedanta eyeing Cairn stake or assets: report 12AUG10 India-focused mining group Vedanta Resources is in talks to buy assets or take a multibilliondollar equity stake in British oil and gas exploration company Cairn Energy.
000 crore from companies with whom MoUs were signed.HLCA approves Vedanta. Orissa approves investment of Rs 1 lakh cr 10AUG10 Encouraged by revenue collection to the tune of Rs 1. power. cement and steel sectors. Aditya Aluminium. Hindalco Industries and Ind-Barath Energy Utkal Ltd besides approving new investment proposals in power and cement sectors. on Tuesday. cleared the capacity expansion plans of Vedanta Aluminium (VAL). Sesa Goa's stock down 9% 01AUG10 . official sources said. Orissa government today approved further investment of above Rs 1 lakh crore in aluminium. Hindalco capacity expansion 11AUG10 The High Level Clearance Authority (HLCA) chaired by the state Chief Minister Naveen Patnaik.
depreciation and ammortisation) for the first quarter ended June 30 grew 124 per cent to $794 million (Rs 3.The share price of Sesa Goa fell 8.9 per cent to close at Rs 332 on the Bombay Stock Exchange (BSE) today. Vedanta more than doubles its Ebitda 31JUL-10 Billionaire Anil Agarwal-promoted Vedanta Resources said its Ebitda (Earnings before interest. Vedanta Group Plc. Vedanta posts record EBITDA for Q1 of $794 30mn JUL-10 India-focused mining group Vedanta Resources Plc posted record first-quarter EBITDA of $794 million in the three months to end June as production of its three most profitable metals rose. tax. along with its parent.692 crore) as the production of its three most profitable metals rose. Green activists protest at Vedanta AGM 29JUL-10 . The main reason was the company board’s formal approval to acquire 20 per cent in Cairn India through an open offer.
Vedanta faces protests over Orissa mine project 27JUL-10 India-focused Vedanta Resources will face protests at its shareholders' meeting on Wednesday from investors and pressure groups over its plans to build a bauxite mine in an area sacred to indigenous people. Vedanta meeting disrupted by demonstration 29JUL-10 Accusing the Vedanta mining company of destroying the Niyamgiri mountain worshipped by indigenous Dongria tribes of Orissa. around 250 supporters of a campaign group 'Foil Vedanta' held a vociferous demonstration during its annual general meeting here.Vedanta's annual general meeting (AGM) last evening saw protests from different social and environmental groups opposed to the group's proposed mining project in Orissa in India. Sterlite net profit rises 50% 27-JUL-10 .
the country’s largest copper producer.008 crore.925 crore. Cairn Energy Chairman Bill Gammell said on Monday. over the corresponding period last year. today posted a 50 per cent rise in June-quarter net profit at Rs 1.BO> for $8. as the metal commanded higher price.Sterlite Industries. Sales rose 29 per cent to Rs 5. a move that would represent Vedanta's first foray into oil and gas. Analysts divided on Vedanta-Cairn India deal 1 6A U G 1 0 India-focused miner Vedanta Resources said it will acquire 51 per cent to 60 per cent stake in Cairn India<CAIL.5 billion to 9. if a planned open offer by Vedanta for 20 per cent of Cairn India is fully taken up. and help Edinburghbased Cairn Energy fund an expensive drilling . Cairn Energy to sell 40% if open offer fully taken up 1 6A U G 1 0 Cairn Energy will end up selling only 40 per cent.6 billion.
5-9.programme in Greenland.5-9. Cairn India dips after Vedanta deal announcement 1 6A U G 1 0 Shares in Cairn India turned negative after Vedanta Resources said it will acquire 51 per cent to 60 per cent in the Indian unit of Cairn Energy.6 billion in cash to be funded with debt and cash. . Vedanta to buy up to 60% of Cairn India for $8.6 bn 1 6A U G 1 0 India-focused miner Vedanta Resources said it will buy 51-60 per cent of Cairn India for about $8.
Vedanta buyout of Cairn India likely today 1 6A U G 1 0 In the biggest-ever domestic takeover in the oil and gas industry. .Cairn India rises to 52-week high on Vedanta deal 1 6A U G 1 0 Shares of Cairn India today jumped over 3 per cent to hit a 52-week high on the Bombay Stock Exchange amid reports of its takeover by Vedanta Resources. Cairn Energy Plc. Vedanta Resources Plc is likely to announce the buyout of a controlling stake in oil explorer Cairn India through its Edinburgh-based owner. on Monday. which is likely to announce its buyout of a controlling stake in the oil explorer today.
which is on the verge of being acquired by mining firm Vedanta Resources.Cairn discovers oil reserves in KG basin 1 5A U G 1 0 Cairn India. as it sees an opportunity in the deal to settle stateowned ONGC's negative returns from the latter's Rajasthan oil fields. has made an oil and gas discovery in an onland KG basin block. Govt unlikely to clear Vedanta-Cairn deal in a 1 hurry 5A U G 1 0 The government is unlikely to clear Londonlisted Vedanta Resources' acquisition of majority stake in Cairn India in a hurry. .
Some theorists say that a company focussed on one core business has a better chance to dominate its peer group. Experts differ on govt's role in Vedanta's Cairn 1 deal 5A U G 1 0 Even before the deal between the Vedanta Group and Cairn Energy for a stake sale in Cairn India can be sealed.The $8.5 billion gamble? 1 5A U G 1 0 Diversify or focus on core competency? Management theorists have often changed their answers to that question . there is controversy whether or not the deal requires a nod from the government of India. Then a business must seek new avenues of expansion to maintain return on capital. . There are casestudies to support either hypothesis. Others point out that eventually. competitive advantages is eroded in any free market.
The ministry has already asked the Orissa government to stop work on the project. The panel is expected to submit its report to Ramesh by September.000-crore. markets concerned at debt load. Vedanta gets banks' nod to fund Cairn deal 14-AUG-10 Contours likely to be finalised by Monday. . 12-MTPA steel plant project proposed by the South Korea steel major Posco in Orissa’s Jagatsinghpur district would meet Environment Minister Jairam Ramesh on August 18.Ramesh to meet committee on Posco project on 1 Aug 18 5A U G 1 0 A panel appointed by the environment ministry to look into the concerns with regard to the Rs 51. Vedanta in talks for majority stake in Cairn India 14-AUG-10 Deal may cost the metal player $8 billion.
000 crore) and the deal may be announced on Sunday evening or Monday.5 billion (nearly Rs 40. No doubt Cairn Energy will have plenty of ideas for any cash it may raise by selling a stake in the UK oil explorer’s Indian subsidiary.Exploratory talks 1 4A U G 1 0 Vedanta: Vedanta Resources’ Indian oil interest is hard to fathom. Vedanta may acquire at least 51% in Cairn India 13-AUG-10 London-listed Vedanta Resources Plc is in talks to acquire a majority 51 per cent stake in Cairn India for about $8-8. . But it’s harder to see what Anil Agarwal’s mining group has to gain from dipping its toe into the oil business.
This action might not be possible to undo. Are you sure you want to continue?
We've moved you to where you read on your other device.
Get the full title to continue listening from where you left off, or restart the preview.