#IndiaRatings downgrades #Vedanta Group's Long-Term Issuer Rating to ‘IND AA-’ from ‘IND AA’.

Total debt is $14 billion and we are making a profit of $5 billion this year, says #Vedanta's Anil Agarwal.

#Vedanta touts $6 billion #investment pipeline as growth driver

#Vedanta board meet on April 4 to consider proposal for fund raise via NCDs on private placement basis

#Vedanta gets #GST Penalty order of ₹27.97 crore for a period FY 2018-19 to FY 2020-21

Metals stock higher, #Vedanta and #SAIL up more than 2% and 1% respectively

Hindustan Zinc says

🤩 Expect zinc to hit 3000$ in Aug 2024 while silver range is 31-32$/ounce
👉 No fresh proposal to buy #Vedanta's zinc assets but focus is on scaling up production
💸 Separation of business will unlock value

#Vedanta slips as #SilverPrices see a fall of more than 5%

The market expects mining billionaire #AnilAgarwal-led #Vedanta to declare an additional ₹20 per share dividend later in FY25.

#HindustanZinc in which Anil Agarwal-led #Vedanta owns a 64.92% stake, are up another 17% on Tuesday. This has taken the stock's one-month advance to over 80%

#Vedanta board approves fund raise of up to ₹1,000 cr via NCDs on a private placement basis

#Vedanta #LargeTrade | 17.1 cr shares (4.5% equity) worth ₹7,359.4 cr change hands

#Vedanta approves #capex investment of up to $270 m in the Rajasthan block, project timeline is 12-30 months & will be funded via internal accruals

🔴To invest $280 m to scale up iron ore prodn capacity in Liberia, the project timeline is 18 months, funding via debt & internal accruals/eq infusion

🔴Lanjigarh refinery train II expected to be completed in cothe ming quarters

🚨 #Vedanta denies putting steel asset sale on hold

Vedanta says, Bloomberg story on steel business sale on hold is factually incorrect. Says if Vedanta receives the right price, we will consider selling ESL

#Vedanta Q2 Update

➡️Aluminium Production Up 3% YoY & Up 2% QoQ

➡️Saleable Metal Up 8% YoY & Flat QoQ

➡️Oil And Gas Production Down 22% YoY & Down 7% QoQ

#JustIn | #Vedanta acquires full ownership of Kalinga Lancers, a team based in Bhubaneswar, Odisha

#JustIN | Customs Office, Tuticorin levies penalty & fine of ₹102 cr on #Vedanta

Hindustan Zinc says

Prices👉 Zinc around 3000$ while Silver around 31-32$
🎯 Volumes will pick up in H2FY25 & we are confident of achieving guidance
🤔Believes GOI OFS is likely to happen

#PriyaAH_Vedanta #AnilAgarwal_Ved #Vedanta_Group

#Vedanta reports #Q2Results👇

-- Net Profit At ₹5,603 Cr Vs Loss Of ₹915 Cr (YoY)
-- Revenue Down 3.4% At ₹37,634 Cr Vs ₹38,945 Cr (YoY)
-- EBITDA Down 14.4 % At ₹9,828 Cr Vs ₹11,479 Cr (YoY)
-- Margin At 26.1% Vs 29.5% (YoY)
--Tax Expense At ₹2,030 Cr Vs 9,092 Cr (YoY)