Owing to falling commodity prices which hurt revenue and margins, Vedanta’s Q1 FY20 net profit fell around 12% to Rs 1,351 crore compared to Rs 1,533 crore in the year-ago period. Revenue from operations also fell 4% to Rs 21,167 crore during the quarter ended June 30,
Diversified natural resources company Vedanta Ltd today said it will invest ₹55,000 crore across its businesses to increase production by about 50%. The company would fund this investment from internal cash flows.
Government-owned Oil India, Anil Agarwal-led Vedanta, and Oil and Natural Gas Corporation (ONGC) won the maximum number of oil and gas fields under India’s second and third round of oil and gas auctions held under Open Acreage Licensing Policy (OALP)
The Vedanta group has taken the space vacated by Reliance Industries in the country’s oil and gas sector in 10 years after starting production from its Mangala oil field in Barmer district of Rajasthan. Cairn India completes a decade of production at Mangala on August 29.
Vedanta said on Tuesday that it had been declared as the preferred bidder for two copper blocks which were put
up for auction by the Maharashtra government. In a notice to the stock exchanges,
Sterlite Plant’s Closure Might Bring Down Indian Exports By $3 Billion, Increase Hazardous Imports: EEPC Chief
According to India’s premier exports body, closure of Sterlite plant in Tamilnadu might bring down India’s exports by as much as $3 billion in the current financial year (FY20), reports The Hindu BusinessLine (BL).
Mining moghul Anil Agarwal’s Vedanta Ltd has received environment clearance for the expansion of its oil and gas operation in Rajasthan that would entail an investment of Rs 12,000 crore, according to an official circular.
Vedanta’s Cairn oil and gas has appointed Ajay Kumar Dixit as its new Chief Executive Officer, the company said in a statement today. Dixit will succeed Sudhir Mathur who had resigned earlier this month.
Cairn India chief executive Sudhir Mathur has resigned from the company, the fourth CEO to quit the firm since it was taken over by mining billionaire Anil Agarwal-led Vedanta Group seven years back.
Simple Policy is needed for metal mining; Districts should be empowered to take decisions: Anil Agrawal, Vedanta
Anil Agrawal, the founder and Chairman, Vedanta Resources Plc, spoke about expected growth of his company and provided suggestions for the new government, whosoever comes to power, to take the country ahead during an interview with Swati Khandelwal, Zee Business. Edited Excerpts: