Vedanta: News
14 Apr 2024
IndiaVedanta secures ₹4,000 crore loan for energy expansion in India
Vedanta has secured a loan of ₹3,900-4,000 crore from the state-run Power Finance Corporation Ltd (PFC).
14 Dec 2023
FinanceVedanta 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 MorganVedanta 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
BusinessVedanta 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 AgarwalVedanta'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
FoxconnFoxconn 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
FoxconnFoxconn 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
FoxconnFoxconn 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 ModiVedanta-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
MaharashtraVedanta-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
FoxconnVedanta 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 NaduTamil 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.
23 Apr 2021
Supreme Court Of India'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
BloombergAnil 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.
18 Feb 2019
Supreme Court Of IndiaSC 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.
15 Dec 2018
Supreme Court Of IndiaNGT 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 NaduVedanta: 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.