Vedanta Limited (NSE: VEDL), the Indian multinational critical minerals, energy, and technology conglomerate, has reported record-breaking results for Q2 and H1 ending September 30, 2024. The company achieved its highest-ever first-half EBITDA, reaching $2.47 billion—an impressive 46% year-over-year increase. Vedanta’s Q2 consolidated revenue hit $4.4 billion, marking a 5% quarter-over-quarter and a 10% year-over-year rise, […]
Vedanta Limited’s shares have captured significant attention in the stock market after ICRA, one of India’s leading credit rating agencies, upgraded its long-term credit rating from AA- to AA. The upgrade reflects an anticipated improvement in Vedanta’s credit profile and financial stability, fueled by aggressive fundraising and strategic deleveraging efforts. Following the upgrade, Vedanta shares […]
Vedanta Limited, a heavyweight in critical minerals and energy, has just unveiled a game-changing strategy that will transform its entire corporate structure. The company has received a green light from 75% of its secured creditors to proceed with a groundbreaking demerger. This monumental move, pending clearance from stock exchanges and the National Company Law Tribunal […]
In a notable financial performance, Vedanta Limited has announced its unaudited consolidated results for the second quarter and half year ending September 30, 2023, with the company achieving its highest ever second-quarter consolidated revenue of ₹38,546 crore, marking a 16% quarter-over-quarter increase. This financial milestone is underscored by an equally impressive highest ever quarterly EBITDA […]
Vedanta Limited, India’s leading diversified natural resources powerhouse with a substantial global presence, has unveiled an ambitious plan to demerge its business units into distinct “pure play” companies. This strategic move aims to unlock inherent value within each business segment and attract substantial investments for expansion and growth. Vedanta’s unwavering commitment to top-notch Environmental, Social, […]
For the first quarter ending 30th June 2023 (1QFY24), Vedanta Limited reported unaudited consolidated financial results with quarterly consolidated revenue of ₹33,342 crore, a decrease from ₹38,251 crore in 1QFY23. This change was primarily attributed to a significant drop in output commodity prices, although somewhat offset by favourable movements in exchange rates. The company’s consolidated […]
Vedanta Limited, a prominent natural resources and technology conglomerate in India, has declared its foray into the semiconductor and display glass manufacturing sectors. This addition to Vedanta’s diverse portfolio could significantly boost India’s domestic market, which is expected to see the semiconductor market jump from $24 billion in 2022 to $80 billion by 2026. Similarly, […]
Vedanta Limited has quashed media reports that the company is in preliminary talks with prospective advisors regarding the idea of merging the company with Vedanta Resources Limited. The mining company said that it strongly denies the reports as both speculative and misleading to its investors. Vedanta Limited stated: “No such proposal is under consideration, and […]
Deep Industries Limited (previously known as Deep CH4 Limited) has bagged a contract worth around INR 83.53 crores from Vedanta Limited for an integrated oil and gas facility at the Jaya field. In this connection, the Ahmedabad-based oil and gas field services provider has been issued a letter of award from Vedanta. According to Deep […]
Vedanta Limited (Cairn Oil & Gas business) affirmed that it is a separate entity, not linked with Cairn Energy Plc., a Scottish oil and gas company, commonly known as Cairn Energy. According to Vedanta, the Scottish firm will cease using the Cairn brand name as part of its corporate identity by December 2021. Sunil Duggal — […]
