Latest news with #Anil-Agarwal-led
Time of India
13-05-2025
- Business
- Time of India
Vedanta shares in focus amid critical mineral exploration, expansion plans
Vedanta shares are expected to be in focus on Tuesday, May 13, as the company is exploring critical mineral assets across key Indian states, including Maharashtra, Rajasthan, Bihar, Arunachal Pradesh, Karnataka, and Chhattisgarh. The company announced its strategic focus on expanding its mineral footprint, targeting essential resources such as copper, nickel, cobalt, chromium, vanadium, tungsten, and Platinum Grade Elements (PGEs). This initiative is aligned with India's policy thrust on mineral security, aiming to bolster the supply of critical minerals for rapidly growing sectors such as electric vehicles and renewable energy. Vedanta secured four blocks in the fourth round of the critical mineral blocks auction, with acquisitions including vanadium and graphite in Arunachal Pradesh, a polymetallic mine in Karnataka, and tungsten-related assets in Andhra Pradesh and Tamil Nadu. Additionally, Vedanta's subsidiary, Hindustan Zinc Ltd . (HZL), won a tungsten and associated minerals block in Andhra Pradesh. The company is also expanding its aluminium capacity with a $1.5 billion investment aimed at enhancing smelter operations and increasing the production of value-added products. Furthermore, Vedanta is ramping up its zinc alloy production with a 30,000-tonne per annum plant, highlighting its focus on high-margin businesses. Anil-Agarwal-led Vedanta, a subsidiary of Vedanta Resources, is a global conglomerate specializing in natural resources and technology with operations spanning India, South Africa, Liberia, and Namibia. The company's portfolio is diversified across sectors such as Oil & Gas, Zinc-Lead-Silver, Aluminium, Iron Ore, Steel, Copper, Ferro Alloys, Power, Nickel, Semiconductors, and Glass. Vedanta share price performance Over the past year, the shares of Vedanta registered a gain of 6.12%, while the year-to-date (YTD) change indicates a decline of 1.91%. The six-month period recorded a drop of 2.02%, whereas the three-month duration posted a gain of 3.31%. Meanwhile, the one-month period saw a substantial rise of 14.62%. Vedanta shares closed 6.9% higher at Rs 435.90 on the BSE on Monday. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
13-05-2025
- Business
- Time of India
Stocks in news: Airtel, Tata Motors, Vedanta, Paytm, Aether Industries
Domestic markets opened the week on a strong footing, rallying nearly 4%, driven by supportive global and domestic cues. In today's trade, shares of Airtel , Tata Motors , Vedanta , Paytm , Aether Industries among others will be in focus due to various news developments and fourth quarter results. Airtel, Tata Motors, Cipla , Hero Moto, GRSE Shares of Airtel, Tata Motors, Cipla, Hero Moto and GRSE will be in focus as the companies will announce their fourth quarter results today. IndiGo After a blackout was enforced, an IndiGo flight from Delhi to Amritsar was diverted back to the national capital midway. Vedanta Anil-Agarwal-led Vedanta has said it is exploring critical mineral assets in states like Maharashtra, Rajasthan, Bihar, Arunachal Pradesh, Karnataka and Chhattisgarh. Tata Steel Tata Steel reported a consolidated net profit of Rs 1,201 crore for the quarter ended March 2025. Live Events Allied Blenders Allied Blenders and Distillers to consider fund raising via equity shares or securities on May 15 Aether Industries Promoter Purnima Desai is likely to sell up to 6.77% equity in the company via offer for sale (OFS) on May 13 and 14, according to reports. Paytm Antfin is likely to sell up to 4% in Paytm through block deals. The offer size is about Rs 2,066 crore, according to reports.
Time of India
12-05-2025
- Business
- Time of India
Vedanta exploring critical mineral assets in Maharashtra, Rajasthan, other states
New Delhi, Anil-Agarwal-led Vedanta has said it is exploring critical mineral assets in states like Maharashtra, Rajasthan, Bihar, Arunachal Pradesh, Karnataka and Chhattisgarh. Critical minerals are essential for many rapidly growing energy-efficient technologies ranging from wind turbines and electricity networks to electric vehicles . Demand for these materials is growing quickly as energy transitions gather pace. In a statement Vedanta said "the company is building its critical minerals footprint, exploring copper, nickel, cobalt, chromium, vanadium, tungsten and Platinum Grade Elements (PGEs) across states like Maharashtra, Rajasthan, Bihar, Arunachal Pradesh, Karnataka, and Chhattisgarh, supported by India's policy push for mineral security". Vedanta Group won four blocks in the fourth round of critical mineral blocks auction. While Vedanta bagged vanadium and graphite mine in Arunachal Pradesh, cobalt, manganese and iron (poly-metal) mine in Karnataka, Hindustan Zinc Ltd (HZL) -- a subsidiary of Vedanta -- won tungsten and associated minerals block in Andhra Pradesh and a tungsten mine in Tamil Nadu. The company further said that Vedanta is expanding its value-added products for zinc and aluminium products. The company has forayed into zinc alloys with a 30,000 tonnes per annum plant. For its aluminium capacity expansion, Vedanta's board had approved about USD 1.5 billion, including a smelter expansion (for additional aluminium production) and increased value-added product capacity at its flagship aluminium plants. Vedanta produces four most widely used metals in the world -- iron (for steel production), aluminium, copper and zinc.
Time of India
12-05-2025
- Business
- Time of India
Vedanta exploring critical mineral assets in Maharashtra, Rajasthan, other states
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Anil-Agarwal-led Vedanta has said it is exploring critical mineral assets in states like Maharashtra, Rajasthan, Bihar, Arunachal Pradesh, Karnataka and Chhattisgarh. Critical minerals are essential for many rapidly growing energy-efficient technologies ranging from wind turbines and electricity networks to electric vehicles. Demand for these materials is growing quickly as energy transitions gather a statement Vedanta said "the company is building its critical minerals footprint, exploring copper, nickel, cobalt, chromium, vanadium, tungsten and Platinum Grade Elements (PGEs) across states like Maharashtra, Rajasthan, Bihar, Arunachal Pradesh, Karnataka, and Chhattisgarh, supported by India's policy push for mineral security".Vedanta Group won four blocks in the fourth round of critical mineral blocks Vedanta bagged vanadium and graphite mine in Arunachal Pradesh, cobalt, manganese and iron (poly-metal) mine in Karnataka, Hindustan Zinc Ltd (HZL) -- a subsidiary of Vedanta -- won tungsten and associated minerals block in Andhra Pradesh and a tungsten mine in Tamil company further said that Vedanta is expanding its value-added products for zinc and aluminium company has forayed into zinc alloys with a 30,000 tonnes per annum its aluminium capacity expansion, Vedanta's board had approved about USD 1.5 billion, including a smelter expansion (for additional aluminium production) and increased value-added product capacity at its flagship aluminium produces four most widely used metals in the world -- iron (for steel production), aluminium, copper and zinc.
