Balco begins process to shut rolling biz; to cut 1,000 jobs

Last Updated: Monday, September 14, 2015, 15:12

Balco, part of Anil Agarwal-led Vedanta Ltd, on Monday said it has started the procedure to shut down its aluminium rolling business in Chhattisgarh - a move that will see 1,000 people losing jobs.

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 to halve output at big alumina refinery

Last Updated: Thursday, August 27, 2015, 16:07

Vedanta Ltd will halve output at its one- million-tonne-a-year alumina refinery at Lanjigarh in Orissa in about two months, a senior executive said, due mainly to a shortage of raw material bauxite and weak world prices.

Vedanta Ltd raises Rs 2,000-cr from SBI through NCDs

Last Updated: Monday, August 24, 2015, 18:58

Mining Conglomerate Vedanta Ltd has raised Rs 2,000 crore from country's largest lender State Bank of India through issuance of Non-Convertible Debentures (NCDs).

More mining cos gear up to begin iron ore extraction in Goa

Last Updated: Sunday, August 23, 2015, 19:17

Following Vedanta, three more mining companies have expressed their intent to resume iron ore extraction activity in the state, a mining exporters' body in Goa has said.

Vedanta's Goa mine may restart iron ore export to China

Last Updated: Tuesday, August 18, 2015, 12:53

Representatives of steel manufacturing mills from China's Jiangsu province and Tangshan area are currently in Goa to have discussions with officials of Vedanta's subsidiary, Sesa Iron ore.

Vedanta to issue Rs 2,000-cr NCDs to refinance debt

Last Updated: Monday, August 17, 2015, 15:30

The issuance of NCDs is part of the overall debt refinancing of the company to substitute short-term liabilities and/or to retire higher cost debt, the filing added.

Vedanta resumes iron ore mining in Goa, pegs rate below $45/tn

Last Updated: Monday, August 10, 2015, 21:01

The Anil Agarwal-led company today said it has received all approvals to restart mining at its Codli and Bicholim mines in Goa while announcing the reopening of Codli mine.

Sesa Goa announces resumption of mining operations

Last Updated: Monday, August 10, 2015, 13:59

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

Profits will dip as mining cake has shrunk: Vedanta official

Last Updated: Monday, August 10, 2015, 13:56

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.

Vedanta to restart iron ore mining operations in Goa

Last Updated: Monday, August 10, 2015, 11:48

Anil Agarwal-led mining firm Vedanta on Monday said it has received necessary government approvals and will resume operations from today at its biggest iron ore mine at Codli in Sanguem taluka in Goa.