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25 Jul 2016

Cairn-Vedanta merger to happen by 2016-end: Anil Agarwal

Mining mogul Anil Agarwal on Monday said the merger of his group's cash-rich oil firm Cairn India with its parent, Vedanta Ltd is likely to be completed by year end to create India's largest diversified natural resources company.

10 Aug 2015

Sesa Goa announces resumption of mining operations

Sesa Goa, a subsidiary of Vedanta Monday announced resumption of its mining operations in the state, after a gap of three years.

Vedanta Limited

10 Aug 2015

Profits will dip as mining cake has shrunk: Vedanta official

As Vedanta Ltd, formerly known as Sesa Sterlite, gets down to resuming mining operations in Goa after three years, the company's iron ore business CEO Kishore Kumar said the mining cake has shrunk.

03 Jun 2015

Vedanta acquires 4.98% stake in Cairn India for $ 315 mn

Vedanta Ltd, formerly Sesa Sterlite, has acquired 4.98 percent stake in Cairn India for USD 315 million from a wholly-owned subsidiary Twinstar Mauritius Holdings (TSMHL).

28 May 2015

Vedanta India to acquire up to 5.33% stake in Cairn India

Vedanta India will acquire up to 5.33 per cent stake, worth over Rs 2,200 crore, in its group concern Cairn India next week.

Metals and mining

22 Apr 2015

Sesa Sterlite renamed as Vedanta Ltd

Metals and mining conglomerate Sesa Sterlite today said it has changed its name to Vedanta Ltd to better align with its international identity - Vedanta Resources.

10 Apr 2015

Sesa Sterlite's iron ore, oil output dips in FY'15

Minerals major Sesa Sterlite Friday reported a decline in production of oil and gas, zinc and iron ore for the financial year 2014-15.

Odisha government

25 Feb 2015

Odisha to scrap deals with Rio Tinto, Sesa Sterlite, Hindalco

The Odisha government has decided to scrap joint venture agreements with global major Rio Tinto, Vedanta Group firm Sesa Sterlite and Aditya Birla Group-owned Hindalco Industries, an official said Wednesday.

20 Jan 2015

Nifty rises to record high; metals shares rally

The 50-share Nifty rose as much as 0.93 percent to 8,629.85, surpassing its previous record high of 8,626.95 hit on Dec 4, 2014.

26 Dec 2014

Sensex up 33 points; HDFC, Sesa Sterlite among big gainers

The 50-share NSE Nifty after falling to the day's low of 8,147.95 staged a strong comeback to regain the 8,200-mark to close at 8,200.70, up 26.60 points from its previous close.

13 Nov 2014

Sesa Sterlite to invest $782 mn for zinc deposits in Africa

The company would spend about $630 million to develop an open-pit zinc mine and associated infrastructure at Gamsberg, South Africa.

08 Oct 2014

India needs to scrap iron ore export tax as prices sink: Sesa

India needs to swiftly remove a tax on iron ore exports, the country`s top private miner of the commodity said, calling the duty an "economic barrier" in the face of falling global prices.

05 Sep 2014

Sesa Sterlite Board nod for raising borrowing cap to Rs 80K-cr

Sesa Sterlite on Friday said its Board has approved an enabling resolution for raising its borrowing limit by over 33 per cent to Rs 80,000 crore.

Vedanta Aluminium

31 Jul 2014

Vedanta may invest Rs 10k-cr on Lanjigarh refinery expansion

Vedanta Aluminium, a unit of NRI billionaire Anil Agarwal-led Sesa Sterlite, may invest Rs 10,000 crore to raise the capacity of its alumina refinery at Lanjigarh in Odisha to six million tonnes per annum (mtpa).

30 Jul 2014

Vedanta Aluminium gets village's nod to expand refinery

Vedanta Aluminium has been struggling to source sufficient bauxite to feed the 1 million tpy alumina refinery since its commissioning in August 2007.

29 Jul 2014

$1.25 bn loan from Cairn India win-win for both: Vedanta

Analysts were of the view that the if Cairn did not have a better usage of its cash, it should have rewarded its shareholders buy way of bonus etc.

22 Jul 2014

BSE, NSE clear merger of 2 units with Sesa Sterlite

The merger of Goa Energy and Sterlite Infra with Sesa Sterlite has been cleared by the two leading stock exchanges - BSE and NSE.

03 Jul 2014

Sesa expects to resume Goa iron ore production in Sept

Sesa Sterlite Ltd, India`s largest private iron ore miner, expects to resume production in the country`s Goa state in September, a senior official of the company said on Thursday.

16 Jun 2014

Sesa Sterlite hopes to start Goa mining in 2nd half of fiscal

Metal and mining conglomerate Sesa Sterlite hopes to start mining in Goa in the second half of the current fiscal.

06 Jun 2014

Fitch downgrades Vedanta to 'BB'; withdraws ratings

International rating agency Fitch today downgraded Anil Agrawal promoted Vedanta's credit rating to 'BB' from BB+ with a stable outlook and then withdrew its ratings.

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