VEDANTA LTD.
NSE : VEDLBSE : 500295ISIN
CODE : INE205A01025Industry : Metal - Non FerrousHouse
: Vedanta - MNC
BSE433.20-4.2 (-0.96 % )
PREV CLOSE (Rs.) 437.40
OPEN PRICE (Rs.) 445.90
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 915252
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE433.05 -4.35 (-0.99 % )
PREV CLOSE(Rs.) 437.40
OPEN PRICE (Rs.) 445.00
BID PRICE (QTY) 433.05 (18177 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 16155897
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 13-May-2024 | BPCL, Hindalco Industries and Zydus Lifesciences to see some action today | <p style="text-align: justify;"><span style="font-weight: bold;">Bharat Petroleum Corporation </span>(BPCL) is planning to invest Rs 1.7 lakh crore over the next five years in its core oil refining, fuel marketing and petrochemical business as well as in clean energy such as hydrogen. As part of 'Project Aspire', a five-year strategic framework, BPCL plans to raise its oil refining capacity, augment petrochemical business and expand its presence in cleaner fuel space with an eye on energy transition and meeting country's fuel demand.</p><p style="text-align: justify;">Indian Coast Guard (ICG) and <span style="font-weight: bold;">Hindalco Industries</span> have inked a Memorandum of Understanding (MoU) in New Delhi for the manufacturing and supply of indigenous marine-grade aluminium to Indian public and private shipyards for the construction of ships. The MoU will also provide benefits such as quarterly pricing, priority in supplies and Turnover discount.</p><p style="text-align: justify;"><span style="font-weight: bold;">Zydus Lifesciences</span> has received final approval from the United States Food and Drug Administration (USFDA) to market Dexamethasone Tablets USP, 1 mg (USRLD: Dexamethasone Tablets). Dexamethasone is used to treat conditions such as arthritis, blood/hormone disorders, allergic reactions, skin diseases, eye problems, breathing problems, bowel disorders, cancer and immune system disorders. The product will be manufactured at the group's formulation manufacturing facility at Baddi, Himachal Pradesh.</p><p style="text-align: justify;"><span style="font-weight: bold;">Mahindra & Mahindra</span> (M&M) has signed a Memorandum of Understanding (MoU) with the Ministry of Skill Development and Entrepreneurship (MSDE) to conduct two Pilots under the Drone Didi Yojna. Launched earlier this year, the scheme aims to train 15,000 women to operate drones for agricultural purposes such as fertiliser sowing, crop monitoring and seed sowing, thereby creating new livelihood opportunities for women through imparting skills in new technology areas.</p><p style="text-align: justify;"><span style="font-weight: bold;">RailTel Corporation of India</span> has received the work order from Central Warehousing Corporation for Supply, Installation, Testing and Commissioning of Modern Video Surveillance System across India amounting to Rs 51,53,29,790 (Including Tax).</p><p style="text-align: justify;"><span style="font-weight: bold;">Lemon Tree Hotels</span> has signed a new property-- Keys Select by Lemon Tree Hotels in Bareilly, Uttar Pradesh. The property, which will be franchised by Lemon Tree Hotels, is expected to open in FY25. Bareilly is a city in the northern Indian state of Uttar Pradesh, located near Ramganga. It is the seventh-largest metropolis of Uttar Pradesh and the 50th largest city of India. </p><p style="text-align: justify;"><span style="font-weight: bold;">Vedanta </span>has received approval for the acquisition of additional stake of 46.57% in AvanStrate Inc. (ASI) (an indirect subsidiary of the Company with 51.63% holding) from HOYA Corporation, Japan (HOYA) through Cairn India Holdings (CIHL), a wholly-owned subsidiary of the Company. Post the execution of the aforesaid transaction, CIHL will hold 98.2% in ASI. </p> |
| 10-May-2024 | Vedanta gets nod to acquire additional stake in AvanStrate | <p style="text-align: justify;">Vedanta has received approval for the acquisition of additional stake of 46.57% in AvanStrate Inc. (ASI) (an indirect subsidiary of the Company with 51.63% holding) from HOYA Corporation, Japan (HOYA) through Cairn India Holdings (CIHL), a wholly-owned subsidiary of the Company. Post the execution of the aforesaid transaction, CIHL will hold 98.2% in ASI. </p><p style="text-align: justify;">The acquisition of AvanStrate aligns with Company's vision of pivoting towards technology and diversifying into hi-tech manufacturing, while expanding its presence in high-growth markets. Leveraging its expertise and resources, AvanStrate aims to strengthen Vedanta's capabilities to support the burgeoning hi-tech electronics manufacturing industry in India and capitalize on the growing demand for electronic devices in India and globally. The Board of Directors of the company on May 10, 2024, has approved the same. </p><p style="text-align: justify;">Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.</p><div style="text-align: justify;"><br></div> |
| 25-Apr-2024 | Vedanta reports 27% fall in Q4 consolidated net profit | <p style="text-align: justify;">Vedanta has reported results for fourth quarter (Q4) and year ended March 31, 2024.</p><p style="text-align: justify;">The company has reported 99.27% fall in its net profit at Rs 109 crore for the quarter under review as compared to Rs 14872 crore for the same quarter in the previous year. Total income of the company decreased by 36.16% at Rs 17966 crore for Q4FY24 as compared Rs 28143 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">On consolidated basis, the company has reported 27.43% fall in its net profit at Rs 2273 crore for fourth quarter ended March 31, 2024 as compared to Rs 3132 crore for the same quarter in the previous year. Total income of the company decreased by 6.58% at Rs 36,093 crore for Q4FY24 as compared Rs 38,635 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">For the year ended March 31, 2024, the company has reported 68.85% fall in its net profit at Rs 6623 crore as compared to Rs 21259 crore for the previous year. Total income of the company decreased by 14.59% at Rs 76308 crore for year under review as compared to Rs 89342 crore for year ended March 31, 2023.</p><p style="text-align: justify;">For the year ended March 31, 2024, on the consolidated basis, the company has reported 48.04% fall in its net profit at Rs 7537 crore as compared to Rs 14506 crore for the previous year. Total income of the company decreased by 2.59% at Rs 146277 crore for year under review as compared to Rs 150159 crore for year ended March 31, 2023.</p> |
| 25-Apr-2024 | Vedanta informs about outcome of board meeting | <div style="text-align: justify;">Vedanta has informed that the Board of Directors of the company at its meeting held today, April 25, 2024, has considered and approved the Audited Consolidated and Standalone Financial Results of the Company for the Fourth Quarter and Year ended March 31, 2024. In this regard, it has enclosed the following: 1. Audited Consolidated and Standalone Financial Results of the Company for the Fourth Quarter and Year ended March 31, 2024 (‘Financial Results'), 2. Audit Report for Financial Results from the Statutory Auditors of the Company, S.R. Batliboi & Co. LLP, Chartered Accountants, in terms of Regulation 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time (‘Listing Regulations'); The report of the Auditors is with unmodified opinion with respect to the Financial Results. 3. Compliance under Regulation 32 and Regulation 52(7)/(7A) of the Listing Regulations for the quarter ended March 31, 2024; and 4. Compliance under Regulation 54 read with Regulation 56(1)(d) of the Listing Regulations and Chapter V of the SEBI Operational Circular dated March 31, 2023, as amended from time to time, for the period ended March 31, 2024. The Financial Results shall also be made available on the website of the Company at www.vedantalimited.com. The meeting of the Board of Directors of the Company commenced at 01:10 pm IST and concluded at 03:00 pm IST.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
| 05-Apr-2024 | Vedanta shines on logging 4% rise in aluminium production in Q4FY24 | <p style="text-align: justify;">Vedanta is currently trading at Rs. 317.50, up by 7.25 points or 2.34% from its previous closing of Rs. 310.25 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 311.05 and has touched a high and low of Rs. 320.80 and Rs. 306.00 respectively. So far 1075861 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 320.80 on 05-Apr-2024 and a 52 week low of Rs. 207.85 on 28-Sep-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 320.80 and Rs. 273.40 respectively. The current market cap of the company is Rs. 116701.46 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 63.71%, while Institutions and Non-Institutions held 19.00% and 17.29% respectively.</p><p style="text-align: justify;">Vedanta has reported 4% rise in its total aluminium production to 5,98,000 tonnes in the fourth quarter of FY24. The company's total aluminium output in the January-March period of the last fiscal was 5,74,000 tonnes. </p><p style="text-align: justify;">Zinc mined metal production on domestic front declined a per cent to 2,99,000 tonnes in the March quarter compared to 3,01,000 tonnes in the year-ago period, while the zinc mined metal output on International front was down 47% to 33,000 tonnes in Q4FY24 from over 63,000 tonnes in the year-ago period. Its saleable steel production decreased 11% Year-on-Year to 3,43,000 tonnes in Q4FY24 in line with lower hot metal production. </p><p style="text-align: justify;">Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.</p><div style="text-align: justify;"><br></div> |
| 04-Apr-2024 | Vedanta Aluminium expands Alumina Refining Capacity to 3.5 MTPA | <p style="text-align: justify;">Vedanta Aluminium, a business of Vedanta, has successfully commissioned the new 1.5 million tonnes per annum (MTPA) expansion at its world-class alumina refinery in Lanjigarh, Odisha. This additional 1.5 MTPA capacity is a part of the company's new 3 MTPA facility, which will take the overall nameplate capacity at the Lanjigarh refinery from an existing 2 MTPA to 5 MTPA. </p><p style="text-align: justify;">Vedanta Aluminium offers one of the largest ranges of high-quality aluminium products in the world, including India's first low-carbon ‘green' aluminium range, branded Restora. These products find critical applications in sectors such as automotive, aerospace, defence, infrastructure, power projects, electricals, and packaging, amongst others. The company is also one of the largest producers of premier smelter grade alumina (SGA) in India, a key raw material for the company's aluminium plants in Jharsuguda (Odisha) and BALCO (Chhattisgarh). </p><p style="text-align: justify;">Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.</p><div style="text-align: justify;"><br></div> |
| 04-Apr-2024 | Vedanta gets nod to raise up to Rs 2500 crore through NCDs | <p style="text-align: justify;">Vedanta has received approval to raise up to Rs 2500 crore through 2,50,000 nos. Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 1,00,000 each in one or more tranche. The duly authorized Committee of Directors at its meeting held on April 04, 2024, considered and approved the same. </p><p style="text-align: justify;">Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.</p> |
| 04-Apr-2024 | Vedanta logs 4% rise in aluminium production in Q4FY24 | <p style="text-align: justify;">Vedanta has reported 4% rise in its total aluminium production to 5,98,000 tonnes in the fourth quarter of FY24. The company's total aluminium output in the January-March period of the last fiscal was 5,74,000 tonnes. </p><p style="text-align: justify;">Zinc mined metal production on domestic front declined a per cent to 2,99,000 tonnes in the March quarter compared to 3,01,000 tonnes in the year-ago period, while the zinc mined metal output on International front was down 47% to 33,000 tonnes in Q4FY24 from over 63,000 tonnes in the year-ago period. Its saleable steel production decreased 11% Year-on-Year to 3,43,000 tonnes in Q4FY24 in line with lower hot metal production. </p><p style="text-align: justify;">Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.</p><div style="text-align: justify;"><br></div> |
| 04-Apr-2024 | Vedanta informs about production release | <p style="text-align: justify;">Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, Vedanta has informed that it enclosed the Production Release of the Company for the 4th quarter and year ended March 31, 2024.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 04-Apr-2024 | Vedanta shines on getting nod to raise up to Rs 2500 crore through NCDs | <p style="text-align: justify;">Vedanta is currently trading at Rs. 308.30, up by 9.75 points or 3.27% from its previous closing of Rs. 298.55 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 305.25 and has touched a high and low of Rs. 312.50 and Rs. 301.70 respectively. So far 785675 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 312.50 on 04-Apr-2024 and a 52 week low of Rs. 207.85 on 28-Sep-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 312.50 and Rs. 273.40 respectively. The current market cap of the company is Rs. 115084.48 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 63.71%, while Institutions and Non-Institutions held 19.00% and 17.29% respectively.</p><p style="text-align: justify;">Vedanta has received approval to raise up to Rs 2500 crore through 2,50,000 nos. Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 1,00,000 each in one or more tranche. The duly authorized Committee of Directors at its meeting held on April 04, 2024, considered and approved the same. </p><p style="text-align: justify;">Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.</p><div style="text-align: justify;"><br></div> |
