Vedanta Resources Ltd., headquartered in London, is a diversified resources company with interests mainly in India. Mirae Asset Emerging Bluechip Fund Direct-Growth, Delisting of subsidiary to enhance Vedanta Resources' financial flexibility: S&P, The proposed delisting of mining baron Anil Agarwal's flagship Indian unit. Vedanta Ltd: Promoters of Vedanta Ltd have pledged their holding in the company to raise USD 1.4 billion, mostly for repaying the debt that was coming up for maturity. Its main operations are held by Vedanta Ltd, a 50.1 per cent-owned subsidiary. The Problems This is despite a likely increase in Vedanta Resources' leverage due to the transaction, it said in a note. Vedanta is the latest in a series of recent high profile cases in the English courts that have examined whether there is jurisdiction for non-UK claimants to bring a claim in England against both the non-UK subsidiary and the English parent company over alleged human rights abuses occurring abroad. Case reference: Vedanta Resources Plc and Konkola Copper Mines Plc (Appellants) v Lungowe and Ors. © 2021 Vedanta Resources Limited. Your Reason has been Reported to the admin. Tomorrow is different. Its main products are Zinc, Lead, Silver, Oil & Gas, Iron Ore, Steel, Aluminium and Power. Vedanta Star, a subsidiary, has management control of Electro Steel Ltd. Bharat Aluminium Company (BALCO) BALCO operates two bauxite mines and a plant in Chhattisgarh state and a greenfields refinery in Odisha state. Vedanta Resources Limited, headquartered in London, is a diversified resources company with interests mainly in India. Choose your winners rationally in 3 simple steps! 79.4% of our Zambian copper business (Konkola Copper Mines is directly owned by Vedanta Resources. Vedanta Ltd: Promoters of Vedanta Ltd have pledged their holding in the company to raise USD 1.4 billion, mostly for repaying the debt that was coming up for maturity. Vedanta Resources Limited, headquartered in London, is a diversified resources company with interests mainly in India. Find out here, Vedanta to be delisted from Indian bourses, says Anil Agarwal, How your focus on sustainability can actually increase in sales, Moody's downgrades Vedanta Resources' rating, Vedanta Resources sounds out bondholders on debt extension, Vedanta Resources to issue $400 million notes to Oaktree Capital, Vedanta Resources passes key funding test with sale of bond, Vedanta Resources offers bond with one of highest yields in Asia, Vedanta Resources to raise up to $700 mn via offshore bonds. The miner and metals processor began simplifying its corporate structure in 2012 when it began merging its subsidiaries to create Vedanta Limited, and delisted the Vedanta … All right reserved. Vedanta Limited is a globally diversified natural resources company with interests in zinc-lead-silver, Iron ore, Steel, Copper, Aluminium, Power, Oil and Gas. In this context, Through Vedanta Resources' various operating subsidiaries, the group produces oil and gas, zinc, lead, silver, aluminium, iron ore and power. Case reference: Vedanta Resources Plc and Konkola Copper Mines Plc (Appellants) v Lungowe and Ors. Through Vedanta Resources' various operating subsidiaries, the group produces oil and gas, zinc, lead, silver, aluminum, iron ore and power. In addition, we also operate a captive power plant in Thoothukudi, Tamil Nadu, and a refinery and two copper rod plants operating in Silvassa, western India. Agarwal-controlled Vedanta Resources is the parent firm of Mumbai-listed Vedanta, which houses mining and oil & gas operations of the group. The bonds were issued by Vedanta Resources Finance II plc, a wholly-owned indirect subsidiary of the company, and the said proceed intends to be used to … The proposed delisting of mining baron Anil Agarwal's flagship Indian unit Vedanta Ltd will improve the group's corporate structure and credit profile, S&P Global Ratings said on Thursday. Download The Economic Times News App to get Daily Market Updates & Live Business News. Through Vedanta Resources' various operating subsidiaries, the group produces oil and gas, zinc, lead, silver, aluminium, iron ore and power. Besides, Vedanta Limited has about $6.80 billion in cash on hand, and then there is … The Supreme Court handed down on 10 April 2019 its much anticipated judgment in Vedanta Resources PLC and another (Defendants/Appellants) v Lungowe and others (Claimants/Respondents) [2019] UKSC 20 ("Vedanta"). Just reported, Vedanta Limited pledged ALL its Hindustan Zinc shareholding, valued at $8.50 billion as on Friday closing. At Nchanga, primary copper and cobalt are mined both from underground and open pits, and at Nampundwe there is an underground pyrite mine and concentrator. KCM was … Operating responsibly and ethically is an integral part of Vedanta… Its main operations are held by Vedanta Ltd, a 50.1%-owned subsidiary. It has also developed commercial power stations in India in Odisha (2,400 MW) and Punjab (1,980 MW). Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. The Konkola Deep Mining Project (KDMP) involves the sinking of a new shaft to expand copper ore production. Vedanta Resources Ltd, headquartered in London, is a diversified resources company with interests mainly in India. Talwandi Sabo Power Limited (TSPL), one of India’s largest private power generators, has a power supply agreement with Punjab State Power Corporation Limited. AUG 29 UPDATE. Summary. Vedanta Resources Ltd, headquartered in London, is a diversified resources company with interests mainly in India. Lenders could extend a loan of maybe up to 75% or $6.30 billion. This landmark judgment from the UK Supreme Court means that the claim brought by 1,826 Zambian villagers against UK-based Vedanta and its Zambian subsidiary KCM can proceed to a trial of the substantive issues in the English courts. Through its subsidiary Sterlite Industries, Vedanta owns Hindustan Zinc Limited (HZL), which was allotted a lease for rock phosphate mining in Rajasthan. A successful privatization of Vedanta would improve Vedanta Resources' access to the subsidiary's cash flows. This is despite a likely increase in Vedanta Resources' leverage due to the transaction, it said in a note. Its main operations are held by Vedanta Ltd, a 50.1 per cent-owned subsidiary. Its main operations are held by Vedanta Ltd, a 50.1 per cent-owned subsidiary. The miner and metals processor began simplifying its corporate structure in 2012 when it began merging its subsidiaries to create Vedanta Limited, and delisted the Vedanta … Through Vedanta Resources' various operating subsidiaries, the group produces oil and gas, zinc, lead, silver, aluminum, Why follow tips? The proposed delisting of mining baron Anil Agarwal's flagship Indian unit Vedanta Ltd will improve the group's corporate structure and credit profile, S&P Global Ratings said on Thursday. Vedanta Resources Limited, headquartered in London, is a diversified resources company with interests mainly in India. In terms of steel production, Vedanta has signed an MOU with the state government of Jharkhand to set up a 1 MTPA capacity integrated steel plant in Jharkhand. The plant – backed by two smelters and two power plants – produces ingots, billets, wire rods, slab and alloy ingots for both domestic and export markets. The proposed delisting of mining baron Anil Agarwal's flagship Indian unit Vedanta Ltd will improve the group's corporate structure and credit profile, S&P Global Ratings said on Thursday. This will alert our moderators to take action. Mining major Vedanta Limited emerged as the highest bidder for the Radhikapur West coal block, located in Angul district, Odisha at a distance of about 190 km … The two arms collectively personal 38.1% in Vedanta Ltd, which is a 50.1% subsidiary of Vedanta Resources. Through Vedanta Resources' various operating subsidiaries, the group produces oil and gas, zinc, lead, silver, aluminium, iron ore and power. Plc and Konkola Copper Mines Plc ( Appellants ) v Lungowe and Ors its main products Zinc., Aluminium and Power which houses mining and Oil & Gas operations of group. 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