Vedanta submitted an application to the TNPCB on January 9, seeking the CTO, but the board rejected it on January 27 The Tamil Nadu Pollution Control Board (TNPCB) has refused to issue a ‘consent to operate’ (CTO) to multinational business conglomerate Vedanta Ltd for establishing a ‘green copper’ plant on the Thoothukudi Sterlite plant premises, […]
Shares of NALCO, Hindustan Copper and Vedanta led a sharp sell-off in metal stocks on Sunday after gold, silver and copper prices slumped, with Hindustan Copper sliding as much as 19% as a stronger U.S. dollar and profit-taking after a recent rally rattled commodity markets following U.S. President Donald Trump’s nomination of Kevin Warsh as […]
Shares of Vedanta Ltd. surged to a record on Tuesday after a tribunal approved the company’s demerger into five separate units. Anil Agarwal, founder of the Vedanta Group (Handout) A two-member panel of the National Company Law Tribunal in New Delhi gave its nod to break up Vedanta’s business into five separate units, four of […]
Creditors of Jaiprakash Associates Ltd., commonly known as Jaypee Group, have unanimously backed Adani Enterprises Ltd.’s ₹13,500-crore takeover proposal under the insolvency process, preferring it over a higher bid by Vedanta Ltd. Adani Group Chairman Gautam Adani. Vedanta’s bid for Jaypee Group (Jaiprakash Associates) entailed a five-year payment timeline, significantly longer than the 1.5-2 years […]