VEDL.NS - Vedanta Limited
| Previous Close | 278.10 |
| Open | 279.65 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 278.65 - 281.25 |
| 52 Week Range | 206.00 - 340.75 |
| Volume | |
| Avg. Volume | 10,220,277 |
| Market Cap | 1.039T |
| Beta (5Y Monthly) | 1.36 |
| PE Ratio (TTM) | 5.75 |
| EPS (TTM) | 48.72 |
| Earnings Date | Jul 26, 2023 - Jul 31, 2023 |
| Forward Dividend & Yield | 74.00 (26.61%) |
| Ex-Dividend Date | May 30, 2023 |
| 1y Target Est | 336.64 |
BloombergA $2 Billion Debt Bill Shows Risks Ahead for India’s Vedanta
(Bloomberg) -- A moment of reckoning is approaching for Vedanta Resources Ltd. Indian billionaire Anil Agarwal’s miner has $2 billion of bonds due in 2024 — a record annual bill for the company. While the group settled some debts on Wednesday, pricing data indicate investors have lingering concerns about repayments down the road. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesTwitter Is Now
BloombergBillionaire Agarwal’s Debt-Cut Blitz Turns Heat on Vedanta Units
(Bloomberg) -- Billionaire Anil Agarwal’s mining conglomerate has bonds coming due at the end of this month that cast the spotlight on the long-term financial health of his group’s India-listed units.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofLuxury Stocks Lose $30 Billion in One Day on Demand FearsChina’s New Covid Wave Set
ReutersVedanta raises about $850 million via JPMorgan, Oaktree loan - Bloomberg News
The billionaire Anil Agarwal-led group is relying on money from its units to tackle its debt burden, after its efforts to sell some zinc assets to Hindustan Zinc Ltd for $3 billion failed. Earlier this month, Vedanta reported an 8% slump in its fourth-quarter profit as prices of metals declined. JPMorgan and Oaktree declined to comment, while Vedanta did not immediately respond to a Reuters' request for comment.
- Reuters
Vedanta raises about $850 mln via JPMorgan, Oaktree loan - Bloomberg News
Vedanta Group, the promoter of metals-to-oil conglomerate Vedanta Ltd, has signed a five-year loan for about $850 million with JPMorgan and Oaktree, Bloomberg News reported, citing people familiar with the matter. The billionaire Anil Agarwal-led group is relying on money from its units to tackle its debt burden, after its efforts to sell some zinc assets to Hindustan Zinc Ltd for $3 billion failed. Earlier this month, Vedanta reported an 8% slump in its fourth-quarter profit as prices of metals declined.
BloombergVedanta Extends Record Dividend Spree With $830 Million Payout
(Bloomberg) -- Vedanta Ltd. will award a dividend of 68.8 billion rupees ($830 million), the first payout in the fiscal year to March 2024 after five rounds of generous payments last year.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden-McCarthy Debt Talk Ends With Optimism, But Without a DealParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist PoliciesChina’s New Covid Wave Set to See 65 Million Cases a WeekMexico Raises Alert Level o
BloombergAgarwal’s Vedanta Seeks Cash With $500 Million Bond Maturing
(Bloomberg) -- Billionaire Anil Agarwal’s Vedanta Group is looking to free up cash and raise funds, possibly via a loan, as its $500 million junk-rated bond matures at the end of this month. Most Read from BloombergSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsHere’s How Much Wealth You Need to Join the Richest 1% GloballyWall Street Fears $1 Trillion Aftershock From Debt DealMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsThe $120 Million Ghost Ship Antig
BloombergIndia Expands Incentives for Chip, Display Units in Renewed Push
(Bloomberg) -- India is wooing semiconductor and display makers to the country by increasing financial incentives for setting up manufacturing units under a $10 billion plan.Most Read from BloombergGermany Suspects Sabotage Hit Russia’s Nord Stream PipelinesPutin’s Mobilization Hits Russia’s Economy in Its Weak SpotsEverything-Selloff on Wall Street Deepens on 98% Recession OddsUS Housing Prices Fall for First Time Since 2012Alzheimer’s Progression Slowed by Drug in Major TrialPrime Minister Nar
- Reuters
UPDATE 2-Vedanta sees no funding problems for Indian chip JV with Foxconn
India's Vedanta does not see any funding problems for a $19.5 billion semiconductor venture with Taiwan's Foxconn, its chairman told CNBC-TV18 on Wednesday, adding he hoped the project would foster local electronics clusters. Metals-to-oil conglomerate Vedanta on Tuesday signed an agreement with the western Indian state of Gujarat for the project, which it expects will start commercial production in about two years. "With the reputation of ours and Foxconn, money will never be a constraint."
ReutersVedanta sees no funding problems for Indian chip JV with Foxconn
India's Vedanta does not see any funding problems for a $19.5 billion semiconductor venture with Taiwan's Foxconn, its chairman told CNBC-TV18 on Wednesday, adding he hoped the project would foster local electronics clusters. Metals-to-oil conglomerate Vedanta on Tuesday signed an agreement with the western Indian state of Gujarat for the project, which it expects will start commercial production in about two years. "With the reputation of ours and Foxconn, money will never be a constraint."
BloombergiPhone Maker Foxconn Strikes Pact for Chip Plant in Western India
(Bloomberg) -- Hon Hai Precision Industry Co., the assembler of most of the world’s iPhones, plans to build a chipmaking facility in India with a local partner to tap rising demand for semiconductors and the government’s support for such projects.Most Read from BloombergJeff Bezos Loses Spot as World’s Second Richest Person to Gautam AdaniPatagonia Billionaire Who Gave Up Company Skirts $700 Million Tax HitGermany Tightens Control Over Industry With Russian Oil GrabPutin Acknowledges Xi’s ‘Conce
ReutersVedanta, Foxconn to invest $19.5 billion in India's Gujarat for chip, display project
NEW DELHI (Reuters) -Vedanta Ltd and Taiwan's Foxconn will invest $19.5 billion under pacts signed on Tuesday to set up semiconductor and display production plants in Gujarat, the home state of Indian Prime Minister Narendra Modi. Reuters was first to report on Monday that the joint venture obtained subsidies including on capital expenditure and electricity from Gujarat to set up units near the western state's largest city, Ahmedabad. The showpiece investment of 1.54 trillion rupees, which Gujarat said was the largest ever by any group in an Indian state, comes ahead of key local elections in the state where Modi's ruling group is facing a tough challenge from opposition parties.
- Reuters
Vedanta picks Modi's home state for $20 bln India semiconductor foray -sources
Vedanta Ltd has selected Indian Prime Minister Narendra Modi's home state of Gujarat for its semiconductor project, two sources told Reuters, the first major step in its $20 billion joint venture with Taiwan's Foxconn. Vedanta obtained financial and non-financial subsidies including on capital expenditure and cheap electricity from Gujarat to build the semiconductor plants, the first source with knowledge of the matter said. The project will include display and semiconductor facilities near the largest city of Ahmedabad in the western state, the source added, declining to be named ahead of an official announcement.
ReutersVedanta puts up for sale Indian copper smelter shut after deadly protests
India's oil-to-metals conglomerate Vedanta Ltd on Monday offered to sell a copper smelter complex in southern Tamil Nadu state that was closed four years ago after police opened fire during protests which culminated in 13 deaths. Prospective buyers have until July 4 to submit expressions of interest, the company said, without giving financial details. Vedanta's 400,000 tonnes per annum copper smelter in the port city of Thoothukudi was ordered shut in May 2018 by the southern Tamil Nadu state, a week after the deadly protests that sought the plant's closure for alleged pollution.