Vedanta share price jumps after Q3FY24 update, bond restructuring nod
11 months, 2 weeks ago

Vedanta share price jumps after Q3FY24 update, bond restructuring nod

Live Mint  

Stock market today: Vedanta shares witnessed buying interest during morning deals of the Indian stock market on Thursday. As per the information available in Vedanta's exchange filing, the metal company reported a 7 per cent YoY rise in mined metal production. In Q3FY24, Vedanta reported 271 kt mined metal production, which is 7 per cent higher in YoY terms whereas it surged 8 per cent on a sequential basis. Companay's mined metal production stood at 780kt, up 2 per cent YoY driven by improved mined metal grades. Vedanta Resources’ bond restructuring proposal sails through London-based parent company of Vedanta Ltd had a sigh of relief on Wednesday when it received investors' nod for delaying the maturity of corporate bonds worth $3.2 billion.

Production Bond Metal Company Cent Yoy Vedanta Vedanta Resources  lead  price  nod  q3fy24  mined  vedanta  restructuring  yoy  cent  billion  update  metal  bond  share  jumps  production  company

History of this topic

Vedanta share price in focus: Stock to trade Ex-dividend today
16 hours, 30 minutes ago

Vedanta share price in focus: Stock to trade Ex-dividend today

Live Mint  

Dividend Stock: Vedanta share price remains in focus as the stock will trade Ex-dividend today. Vedanta had set record date of Tuesday 24 December 2024 for determining eligibile share holders to receive fourth interim dividend of ₹8.50 per equity share with a face value of ₹1. Fourth Interim Dividend details At their board meeting held on Monday, December 16, 2024, …

Vedanta to consider fourth interim dividend issue on Monday — December 16
1 week, 2 days ago

Vedanta to consider fourth interim dividend issue on Monday — December 16

Live Mint  

Mining major Vedanta Limited is set to hold a meeting for the board of directors on Monday. An exchange filing earlier this week indicated that the company will deliberate the release of its fourth interim dividend for the financial year 2024-25. “Board of Directors of the Company is proposed to be scheduled on Monday, December 16, 2024, to consider and …

Explained: Why Vedanta share price gained 2% in early trade today
1 week, 5 days ago

Explained: Why Vedanta share price gained 2% in early trade today

India Today  

Shares of Vedanta Limited rose 2% in early trade on Thursday, driven by investor optimism following the company’s announcement of a crucial board meeting scheduled for December 16, 2024. So far in FY25, Vedanta has already announced three interim dividends: Rs 11, Rs 4, and Rs 20 per share, highlighting its consistent shareholder returns. In its official filing, the company …

Multibagger Vedanta share price rises 7%: Should you buy, sell or Hold the stock?
2 weeks, 4 days ago

Multibagger Vedanta share price rises 7%: Should you buy, sell or Hold the stock?

Live Mint  

Stock Market Today: Vedanta share price gained up to 7% during intraday trades on Fiday. While the share price gains are being led rising base metal prices, the company is also progressing towards demerger that can unlock value for shareholders. Should you Buy, Sell or Hold the stock Multibagger returns Vedanta share price opened at ₹474.85 on the BSE on …

Vedanta Q2 Results: Mining major posts net profit of ₹5,603 crore vs loss YoY
1 month, 2 weeks ago

Vedanta Q2 Results: Mining major posts net profit of ₹5,603 crore vs loss YoY

Live Mint  

Vedanta Q2 Results: Mining major Vedanta Ltd on Friday reported a consolidated net profit for the fiscal's second quarter ended September to ₹5,603 crore as against a net loss of ₹915 crore in the year-ago period. The firm's consolidated net profit stood at ₹4,352 crore versus net loss of ₹1,783 crore. The mining conglomerate owned by Anil Agarwal reported a …

Vedanta plans first dollar bond sale since January restructuring
3 months, 3 weeks ago

Vedanta plans first dollar bond sale since January restructuring

Hindustan Times  

A unit of Vedanta Resources Ltd.’s is planning to sell its first dollar bond since the group restructured some of its US currency notes earlier this year, signaling improved prospects for the debt-laden miner. Since the restructuring, its Indian units sold stakes and upstreamed dividends that will aid Vedanta Resources repay $3 billion of debt over the next three years. …

Vedanta Q3 Results: Profit Falls 18 Per Cent Rs 2,013 Crore On Higher Finance, Raw Material Cost
10 months, 4 weeks ago

Vedanta Q3 Results: Profit Falls 18 Per Cent Rs 2,013 Crore On Higher Finance, Raw Material Cost

ABP News  

Mining conglomerate Vedanta Ltd on Thursday reported an 18.3 per cent drop in consolidated net profit to Rs 2,013 crore in the third quarter ended December 2023 due to a spike in finance and raw materials cost amid muted sales. He further said that in the current quarter, the company's PAT before exceptional items is Rs 8,268 crore which is …

Vedanta incorporates Vedanta Base Metals; shares gain over 3%
1 year, 2 months ago

Vedanta incorporates Vedanta Base Metals; shares gain over 3%

Live Mint  

Vedanta news: Vedanta Ltd has incorporated its base metals unit Vedanta Base Metals Ltd with an authorised share capital of ₹1 lakh, the company said in an exchange filing today. Under the terms of the Companies Act, 2013, Vedanta Base Metals Ltd was established as a public company on October 09, 2023. Vedanta demerger The current business will be divided …

Vedanta Q2 aluminium production rises 2% YoY to 5.94 lakh tonnes
1 year, 2 months ago

Vedanta Q2 aluminium production rises 2% YoY to 5.94 lakh tonnes

Live Mint  

Vedanta Ltd reported a 2% rise in its total aluminium production to 5,94,000 tonnes in the second quarter of FY24. At Zinc International, Vedanta said its total mined metal output declined by 10% to 66,000 tonnes from 74,000 tonnes, year-on-year. The company's overall production during Q2FY24 at 66 kt was lower by 10% YoY and 3% QoQ largely due to …

Vedanta plans zinc business shake-up as debt payment looms
1 year, 2 months ago

Vedanta plans zinc business shake-up as debt payment looms

Hindustan Times  

Billionaire Anil Agarwal is exploring an overhaul of his lucrative Indian zinc unit that could split out its three core businesses, as part of the wider Vedanta group’s efforts to reduce a multibillion dollar debt load. Vedanta chairman Anil Agarwal Hindustan Zinc Ltd. said in a statement that it could create separate legal entities for its zinc & lead, silver, …

Why Vedanta share price is nosediving — explained
1 year, 9 months ago

Why Vedanta share price is nosediving — explained

Live Mint  

Vedanta share price has been nosediving for last four straight sessions. Vedanta share price today opened lower on fourth day in a row and hit intraday low of ₹261.95 apiece on NSE, logging around 13.50 per cent dip in this time. According to stock market experts, Vedanta shares are under sell off pressure due to negative sentiments after the road …

Vedanta Q3: PAT decline by 42% to ₹3,092 cr , declares dividend of ₹12.5
1 year, 10 months ago

Vedanta Q3: PAT decline by 42% to ₹3,092 cr , declares dividend of ₹12.5

Live Mint  

Vedanta Ltd on Friday reported 42 per cent decline in consolidated net profit to ₹3,092 crore for the December 2022 quarter. I am also happy to share that Vedanta and Hindustan Zinc Limited Boards have taken strategic initiative to consolidate Zinc International under Hindustan Zinc. It will be a win-win transaction, unlocking significant value for both Vedanta Limited and Hindustan …

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