Vedanta Aluminium goes on workforce reduction, cost cuts

Last Updated: Thursday, September 10, 2015, 22:06

Mining giant Vedanta Resources has resorted to "aggressive cost reduction" and "workforce reduction" in its aluminium segment amid subdued and volatile market conditions globally.

Cairn India's merger with Vedanta "uncertain": S&P

Last Updated: Wednesday, September 9, 2015, 21:44

Rating agency Standard & Poor's Wednesday said completion of the proposed merger of Cairn India with Vedanta Ltd appears "uncertain".

Vedanta Resources Q1 operating profit falls 38% to $644.6 mn

Last Updated: Friday, July 31, 2015, 20:34

Vedanta Resources on Friday reported 38 percent decline in operating profit to USD 644.6 million (about Rs 4,135 crore) for the quarter ended June 2015 as the mining conglomerate faced a volatile commodity market that impacted metal prices.

Vedanta Aluminium plans restructuring; stops ramp ups at plant

Last Updated: Friday, July 31, 2015, 17:57

Mining conglomerate Vedanta Resources on Friday said it is planning to restructure high-cost operations in aluminium segment and has suspended ramp-up at its plant due to volatile commodity market.

Imports, falling aluminium prices may lead to job cuts: Vedanta

Last Updated: Tuesday, July 21, 2015, 21:55

Hit by cheap imports and falling prices of aluminium in the global market, domestic industry will be forced to take "drastic steps" like job cuts and production cap, Vedanta Aluminium said Tuesday.

Vedanta looks to regain market share after Goa mining resumption

Last Updated: Monday, July 13, 2015, 10:04

Vedanta Limited, which has managed to retain 80 per cent of its earlier mining capacity in Goa after state government's renewal of the leases, is now looking to regain the lost market share, a senior official said.

Merger to strengthen financial performance of Vedanta Resources: S&P

Last Updated: Monday, June 15, 2015, 22:22

The proposed merger of two Vedanta Resources firms, Cairn India with Vedanta Ltd, will improve the financial performance of the group company, global agency Standard & Poor's (S&P) said.

Cairn India, Vedanta boards to meet on Sunday amid merger speculation

Last Updated: Saturday, June 13, 2015, 16:22

On Friday, India`s oil minister, Dharmendra Pradhan, told Reuters he had met Cairn executives this week to discuss the potential merger and a source familiar with the matter had said the deal could be announced as early as Sunday.

Vedanta says will work to lift cap on India iron ore output

Last Updated: Wednesday, May 27, 2015, 15:05

A mining ban that had been in place in Goa since September 2012 was lifted last year, but the resumption of operations was delayed while the government gave environmental clearance.

Vedanta to refinance loans worth $1.6 bn in Indian markets

Last Updated: Sunday, May 17, 2015, 14:46

Minerals and mining major Vedanta is eyeing the expected low interest rates in India to refinance its short-term loans of up to USD 1.6 billion (about Rs 10,200 crore) with long-term options in this fiscal ending March 2016.

Vedanta's Cairn India impairment credit negative: Moody's

Last Updated: Monday, May 4, 2015, 18:33

Ratings agency Moody's Monday said metals and mining major Vedanta Resources' over Rs 19,000 crore impairment in Cairn India is credit negative as it implies a longer pay back period.

Sesa Sterlite renamed as Vedanta Ltd

Last Updated: Wednesday, April 22, 2015, 14:44

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.