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Foxconn's Worries Over Vedanta's Financials Said to Be Reason Behind Withdrawal From JV
The Indian government and Foxconn had concerns over the financial situation of Vedanta, which led to the Taiwanese company parting ways with Vedanta on a chipmaking joint venture, sources familiar with the information told Reuters.
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Vedanta Resources Reduces Gross Debt By $1 Billion
Vedanta Resources Limited (Vedanta), the parent company of Mumbai-listed mining giant Vedanta Ltd, todaysaid it has paid all its maturing loans and bonds due in this month to reduce its gross debt by a further $1 billion.
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Billionaire Mining Tycoon In India Fights To Clear Vedanta's Debt
Billionaire tycoon Anil Agarwal's Vedanta Resources Ltd. has close to $2 billion of bonds to settle in 2024 - half of which is due in January.
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Vedanta Repays $100 Million To Standard Chartered Bank
Vedanta Resources had said it has pre-paid all of its debt that was due for repayment till March 2023, deleveraging by $2 billion in the past 11 months.
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Vedanta's Debt-Cut Plan At Risk As India Opposes $3 Billion Asset Sale
Vedanta Resources' efforts to manage its debt load were dealt a blow after the government opposed the mining conglomerate's proposed $2.98 billion deal to move certain zinc assets from its flagship company to another in which it is a majority shareholder.
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Reduced Net Debt By $2 Billion In Fiscal 2023: Vedanta Resources
The billionaire Anil Agarwal-owned company - parent of Indian resources giant Vedanta Ltd - said it had cut net debt by $2 billion in the last 11 months, ahead of its own target.
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Vedanta Chairman On Why Firm Chose Gujarat Over Maharashtra For Plant
Vedanta Resources Chairman Anil Agarwal on Saturday said production at its semiconductor and display manufacturing unit in Gujarat will start within two and a half years of the groundbreaking ceremony.
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This African Nation Wants Indian Firms Like Vedanta To Mine Its Oil, Gold
Landlocked in the heart of Africa, the Central African Republic is seeking Indian investors to mine its abundant natural resources ranging from oil, uranium and lithium to gold, diamonds, iron ore and copper.
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Vedanta Chairman Faces Key Vote For Plan To Tap Cash Reserves
Billionaire Anil Agarwal'sVedanta Resources Ltd. will seek shareholder approval next week for a plan that could shore up cash flow and help boost bonds due next year, even as credit markets signal longer-term concern about its debt.
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Vedanta's $20 Billion Gujarat Deal Won't Chip Away At Liquidity: Report
Mining mogul Anil Agarwal-led Vedanta Resources' credit profile will unlikely be weighed down by the group's planned Rs 1.54 lakh crore foray into semiconductor manufacturing, S&P Global Ratings said on Monday.
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"Chose Gujarat...": Vedanta On $20 Billion Deal Amid Row Over Maharashtra
On Vedanta-Foxconn's decision to set up a semi-conductor facility in Gujarat instead of Maharashtra, Vedanta Resources Ltd Chairman Anil Agarwal on Wednesday said that the company is still committed to investing in Maharashtra.
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Semiconductor Manufacturing To Touch $110 Billion, Vedanta Dives In
Vedanta Resources is set to make aggressive investments in oil, zinc and gas while foraying into the manufacturing of semiconductors.
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Vedanta Limited Announces Rs 11,710 Crore Dividend
Vedanta Limited has approved the first interim dividend of Rs 31.5 per equity share for 2022-23 amounting to Rs 11,710 crore
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He'd Seen Taxi, Bus In Films. He Saw Them For Real In Mumbai. Now He's...
Billionaire Anil Agarwal, the Executive Chairman and Founder of Vedanta Resources Limited, has opened up about leaving his home as a teenager and arriving in Mumbai with only a tiffin box, bedding and his dreams to keep him motivated.
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Centre Can Ask 10% More Profit From Barmer Block To Extend Vedanta Contract: High Court
The court also said that Vedanta does not have the right to demand extension of the PSC on unilateral terms that suit its interest, overlooking the interest of the State, which is a trustee of the natural resources under a Constitutional mandate.
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Foxconn's Worries Over Vedanta's Financials Said to Be Reason Behind Withdrawal From JV
The Indian government and Foxconn had concerns over the financial situation of Vedanta, which led to the Taiwanese company parting ways with Vedanta on a chipmaking joint venture, sources familiar with the information told Reuters.
-
Vedanta Resources Reduces Gross Debt By $1 Billion
Vedanta Resources Limited (Vedanta), the parent company of Mumbai-listed mining giant Vedanta Ltd, todaysaid it has paid all its maturing loans and bonds due in this month to reduce its gross debt by a further $1 billion.
-
Billionaire Mining Tycoon In India Fights To Clear Vedanta's Debt
Billionaire tycoon Anil Agarwal's Vedanta Resources Ltd. has close to $2 billion of bonds to settle in 2024 - half of which is due in January.
-
Vedanta Repays $100 Million To Standard Chartered Bank
Vedanta Resources had said it has pre-paid all of its debt that was due for repayment till March 2023, deleveraging by $2 billion in the past 11 months.
-
Vedanta's Debt-Cut Plan At Risk As India Opposes $3 Billion Asset Sale
Vedanta Resources' efforts to manage its debt load were dealt a blow after the government opposed the mining conglomerate's proposed $2.98 billion deal to move certain zinc assets from its flagship company to another in which it is a majority shareholder.
-
Reduced Net Debt By $2 Billion In Fiscal 2023: Vedanta Resources
The billionaire Anil Agarwal-owned company - parent of Indian resources giant Vedanta Ltd - said it had cut net debt by $2 billion in the last 11 months, ahead of its own target.
-
Vedanta Chairman On Why Firm Chose Gujarat Over Maharashtra For Plant
Vedanta Resources Chairman Anil Agarwal on Saturday said production at its semiconductor and display manufacturing unit in Gujarat will start within two and a half years of the groundbreaking ceremony.
-
This African Nation Wants Indian Firms Like Vedanta To Mine Its Oil, Gold
Landlocked in the heart of Africa, the Central African Republic is seeking Indian investors to mine its abundant natural resources ranging from oil, uranium and lithium to gold, diamonds, iron ore and copper.
-
Vedanta Chairman Faces Key Vote For Plan To Tap Cash Reserves
Billionaire Anil Agarwal'sVedanta Resources Ltd. will seek shareholder approval next week for a plan that could shore up cash flow and help boost bonds due next year, even as credit markets signal longer-term concern about its debt.
-
Vedanta's $20 Billion Gujarat Deal Won't Chip Away At Liquidity: Report
Mining mogul Anil Agarwal-led Vedanta Resources' credit profile will unlikely be weighed down by the group's planned Rs 1.54 lakh crore foray into semiconductor manufacturing, S&P Global Ratings said on Monday.
-
"Chose Gujarat...": Vedanta On $20 Billion Deal Amid Row Over Maharashtra
On Vedanta-Foxconn's decision to set up a semi-conductor facility in Gujarat instead of Maharashtra, Vedanta Resources Ltd Chairman Anil Agarwal on Wednesday said that the company is still committed to investing in Maharashtra.
-
Semiconductor Manufacturing To Touch $110 Billion, Vedanta Dives In
Vedanta Resources is set to make aggressive investments in oil, zinc and gas while foraying into the manufacturing of semiconductors.
-
Vedanta Limited Announces Rs 11,710 Crore Dividend
Vedanta Limited has approved the first interim dividend of Rs 31.5 per equity share for 2022-23 amounting to Rs 11,710 crore
-
He'd Seen Taxi, Bus In Films. He Saw Them For Real In Mumbai. Now He's...
Billionaire Anil Agarwal, the Executive Chairman and Founder of Vedanta Resources Limited, has opened up about leaving his home as a teenager and arriving in Mumbai with only a tiffin box, bedding and his dreams to keep him motivated.
-
Centre Can Ask 10% More Profit From Barmer Block To Extend Vedanta Contract: High Court
The court also said that Vedanta does not have the right to demand extension of the PSC on unilateral terms that suit its interest, overlooking the interest of the State, which is a trustee of the natural resources under a Constitutional mandate.
