The Vedanta Group had in January shared its intent to invest $15 billion for making displays and semiconductor chips in India over the coming five years
Shares of Steel Authority of India (SAIL) may decline another 10 per cent
Anil Agarwal company to invest $500 mn in LCD facility
The Nifty Metal index can clock a new high, if it manages to cross and sustain above the 6,000-mark.
The businessman has held preliminary discussions with prospective advisers about the idea of combining Vedanta Resources Ltd. with Vedanta Ltd.
This government has allocated Rs 7.5 trillion towards capital expenditure, up 35.4 per cent higher compared to the previous year's figure of Rs 5.5 trillion.
Net sales up 50% at Rs 33,697 crore; reported topline is a record consolidated quarterly revenue
Its consolidated income during the October-December period increased to Rs 34,674 crore from Rs 23,621 crore in the year-ago period
While the zinc business is already housed in a listed subsidiary, the plan is to demerge the aluminum, iron and steel, and oil and gas businesses into standalone listed entities
The fund will be made up of its own resources and outside investment, Agarwal said, adding that it may also finance the BPCL acquisition through debt
A Double Bottom breakout on metal index indicates an upside towards 6,300-level, which is 7% higher from current levels.
Westglobe held 1.19 percent stake in Vedanta which upon selling entirely to Vedanta Holdings Mauritius, takes the latter's holding to 4.08 percent from 2.89 percent as on 30 September, 2021
The outlook revision reflects a likely improvement in the operational cash flow for FY22 and FY23 because of a significant increase in the operating profitability, says rating agency
Nicomet has a capacity to produce 7.5 tonne per annum of nickel and cobalt.
The metal index is on the verge of breakout, if crosses 5,800 mark, another 6 per cent jump is very certain.
With this, the group is a step nearer to closing the dispute on withholdings tax with Cairn India
Vedanta had challenged the demand for taxes at two forums -- Income Tax Appellate Tribunal and Delhi HC while its parent Vedanta Resources challenged the move before a Singapore arbitration tribunal
Vedanta approved an interim dividend of Rs 13.50 a share