Vedanta: News

14 Dec 2023

Finance

Vedanta Resources secures $1.25 billion loan for debt refinancing

Vedanta Resources Ltd (VRL), the parent company of Vedanta Group, announced that it has secured $1.25 billion from private credit lenders.

09 Nov 2023

JP Morgan

Vedanta taps JPMorgan for advice on its business overhaul

Vedanta Group, led by billionaire Anil Agarwal, has roped in JPMorgan Chase & Co. to advise on its business restructuring announced in September, Bloomberg reported.

02 Nov 2023

Business

Vedanta Resources seeking $500 million loan to fulfill repayment obligations

Vedanta Resources is in talks with Cerberus Capital Management and Varde Partners to obtain a $500 million loan. This will contribute to fulfilling a $1 billion repayment obligation due in January.

23 Oct 2023

Anil Agarwal

Vedanta's stock slips over 2% amid CFO's resignation reports

Vedanta's shares dipped over 2% in early trade on October 23 following a Bloomberg report that said the company's Chief Financial Officer (CFO), Sonal Shrivastava, may step down just months after joining the firm in June.

14 Jul 2023

Foxconn

Foxconn could make semiconductor chips with TSMC, TMH in India

Electronics major Foxconn recently called off its semiconductor joint venture (JV) with Vedanta. At the time, the company reiterated its commitment to India's semiconductor project.

10 Jul 2023

Foxconn

Foxconn exits $19.5bn semiconductor JV with Vedanta: Here's why

The semiconductor joint venture (JV) between Foxconn and Vedanta was expected to be the cornerstone of India's semiconductor aspirations.

26 Jun 2023

Foxconn

Foxconn looks for new partners as Vedanta JV hits snag

Foxconn and Vedanta's semiconductor joint venture (JV) was expected to be the cornerstone of India's semiconductor ecosystem.

13 Sep 2022

Narendra Modi

Vedanta-Foxconn JV to set up semiconductor manufacturing facility in Gujarat

Vedanta and Foxconn have inked a Memorandum of Understanding (MoU) with the Gujarat government to set up a semiconductor manufacturing facility in the state.

27 Jul 2022

Maharashtra

Vedanta-Foxconn to invest $22bn in Maharashtra for semiconductor manufacturing facility

The Vedanta-Foxconn joint venture (JV) is all set to invest in Maharashtra.

01 May 2022

Foxconn

Vedanta looking to raise $3B to become India's first chipmaker

Vedanta is leaving no stones unturned as it pushes to become India's first chipmaker. The company is now in talks with banks to raise $2.5-$3 billion to boost its semiconductor and display manufacturing plans.

26 Apr 2021

Tamil Nadu

Tamil Nadu allows Vedanta's Sterlite plant to generate oxygen

The Tamil Nadu government on Monday allowed the Vedanta-owned Sterlite Copper plant in Thoothukudi to temporarily reopen to generate oxygen.

'Why can't TN manufacture oxygen at Vedanta plant?' asks SC

The Supreme Court Friday asked the Tamil Nadu government to clarify its stand on whether it is willing to take over the Vedanta-owned Sterlite Copper plant in Thoothukudi to manufacture oxygen.

17 Dec 2020

Bloomberg

Anil Agarwal, Centricus to invest $10 billion targeting government privatizations

Commodities tycoon Anil Agarwal is reportedly planning to invest $10 billion (Rs. 73,500 crore) through a new partnership with London-based Centricus Asset Management Ltd. targeting government privatizations.

SC sets aside NGT order; Sterlite plant to remain closed

In a big win for the Tamil Nadu government, the Supreme Court, on Monday, refused to allow the re-opening of Vedanta's Sterlite copper smelter in Thoothukudi.

NGT clears way for reopening of Sterlite plant in Thoothukudi

The Vedanta-owned Sterlite copper plant in Tamil Nadu's Thoothukudi has come a step closer to reopening.

20 Jun 2018

Tamil Nadu

Vedanta: Sulphuric acid leak in Thoothukudi is severe

In a petition to the Madras High Court, Vedanta Ltd. has said that a sulphuric acid leak at its Sterlite copper plant in Tamil Nadu's Thoothukudi, which was initially reported as minor, is severe and could have potentially disastrous consequences for people, as well as the environment.