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Vedanta Resources

Exploration, refining, mining get core status

In a significant development, mining, exploration and refining sectors have been given core status, enabling firms operating in these areas to bring into the country larger amounts of overseas borrowing.

Vedanta Defers Restructuring Plan but Continues $9.8 Billion Expansion, an Industrial Info News...

Monday October 6, 5:30 am ET BANGALORE, INDIA--(MARKET WIRE)--Oct 6, 2008 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Vedanta Resources plc (LSE:VED.L - News) (London) announced a group restructuring plan...

Omaxe Receives Rs 907 Mn Order For Building Township

Real estate developer Omaxe Ltd has bagged an order worth Rs 907.1 million rupees to build a township for Hindustan Zinc Ltd in Udaipur. Projects such as these are implemented going by the letter and spirit of the National...

FACTBOX-Disputed industrial projects in India

Source: Reuters Oct 3 (Reuters) - India's Tata Motors Ltd will move the factory for its low-cost Nano car out of West Bengal state after violent protests by farmers who lost land forced it to stop ...

Hindustan Zinc gets wildlife board approval for project in Haridwar

Hindustan Zinc Limited (HZL) has finally secured an approval from the National Board for Wildlife (NBWL) to set up a Zinc Dust and CGG unit near Rajaji national park in Haridwar in Uttarakhand. With this approval, the...

Vedanta defers biz revamp

MUMBAI: NRI billionaire Anil Agarwal-led Vedanta Resources said the group will not immediately pursue the $9.8 billion corporate restructuring plan due to the ongoing global financial crisis and shareholders' feedback. "In...

Vedanta abandons recast plans on investor worries

Anil Agarwal-promoted metals & mining company Vedanta Resources plc on Wednesday said it has dropped the restructuring plan announced a fortnight ago, citing financial turmoil and investor ‘feedback’. The company didn’t...

Vedanta drops restructuring plans

Under the restructuring plan, Sterlite Industries, the flagship company of the group, would have sold its 51 per cent stake in Bharat Aluminium Company (Balco) and a 29.5 per cent stake in Vedanta Aluminium Company to...

Indian shares slightly higher on Asian cues, value-buying; Sterlite top gainer

MUMBAI (Thomson Financial) - Indian shares closed slightly higher on Wednesday, tracking gains in other Asian indices and on induced buying across the counters after stocks fell more than 3 percent on Tuesday. The Bombay...

Stocks in Europe, Asia Drop; Barclays, Macquarie, Vedanta Fall

Stocks in Europe and Asia dropped, led by financial companies and commodity producers, on concern Treasury Secretary Henry Paulson's plan to buy $700 billion of bank assets won't prevent a global recession. U.S. index...

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