Vedanta Group, controlled by Anil Agarwal, announced plans to explore and develop critical mineral assets in six Indian states: Maharashtra, Rajasthan, Bihar, Arunachal Pradesh, Karnataka, and Chhattisgarh. These critical minerals, including copper, cobalt, nickel, chromium, vanadium, tungsten, and Platinum Group Elements (PGEs), are essential components in rapidly advancing technologies such as wind power systems, electricity...
READ MOREVedanta Resources is evaluating a public listing in the United States for its Zambian subsidiary, Konkola Copper Mines (KCM), as one of several options to secure approximately $1 billion for mine development. The company has engaged Barclays and Citigroup as advisors for a potential initial public offering, with New York under consideration as a possible...
READ MOREVedanta Limited has released its production figures for the fourth quarter of FY25, showcasing varied performance across its key operations. Aluminium production at the Lanjigarh refinery stood at 431,000 tonnes, marking an 11% year-on-year (YoY) decline and a 15% quarter-on-quarter (QoQ) drop. Saleable metal production reached 270,000 tonnes, down 1% YoY but up 4% QoQ....
READ MOREVedanta, an Indian resources company, has named Rajiv Kumar as the new CEO of its Aluminium Business, effective March 26, 2025. He will also hold the title of Senior Management Personnel. Kumar, formerly with Tata Steel, brings over three decades of experience in the steel and mining sectors to his new role. Kumar’s appointment is...
READ MOREVedanta Resources is aiming to secure approximately $1 billion in debt financing to support the development of Konkola Copper Mines PLC in Zambia, according to Reuters, citing Chris Griffith, head of Vedanta Base Metals Ltd. While Vedanta initially considered selling part of its 79.4% stake in Konkola to raise capital, Griffith indicated that this option...
READ MOREVedanta announced achieving its highest-ever quarterly and half-yearly aluminium production, reaching 1,205 kilotonnes (kt) in the first half of the financial year. Alumina production also surged 21% year-on-year (YoY). Following this update, the company’s stock dipped 2%, reaching a low of Rs 501 ($6.03) on the BSE. The company’s Zinc India operations also recorded a...
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