Shareholders of Indian unit Vedanta Ltd. will on a company plan to move money out of its reserves and into its balance sheet, increasing the probability that the funds will be used for dividends
As a political storm brewed over his group shifting a multi-billion dollar semiconductor factory from Maharashtra to Gujarat, Anil Agarwal said the site was chosen based on professional advice
Agarwal said that Gujarat met expectations and the decision was made a few months ago
Vedanta chairman says chips from Gujarat would help to foster clusters of companies that could make products like iPhones, television sets, laptops and other electronic goods in India
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Agarwal pointed to the acquisition of Goa-based Nicomet (in December 2021), which has made Vedanta the only producer of nickel in India
"The world does not want India to produce. Today, 70% of our money is going into imports"
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The country continues to pay hefty import bills year after year even as the nation is gifted with significant reserves of metals and minerals, the metals and mining magnate noted.
Vedanta to bring into operation two coal blocks in Odisha in this fiscal and is working out a plan to fast-track the operationalisation of another coal mine in the eastern state
July 21 set as record date for payout; stock up 1.44% on BSE
Mining mogul Anil Agarwal in an interaction with students at the Oxford Union in London motivated them to dream big as he shared important learnings from his entrepreneurial journey.
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'Government-listed companies can see their market cap go up five times if they are either corporatised or privatised', said Agarwal
The parent firm's dollar bonds rose the most in six weeks Friday, with the notes maturing in July hitting the highest level since October, according to Bloomberg-compiled data
Cairn's plan stands out compared to producers around the world, most of whom are staying away from committing investments in oil and gas
Vedanta will pay the third interim dividend of Rs 13 per equity share or 1,300 per cent for 2021-22
Anil Agarwal company to invest $500 mn in LCD facility
The businessman has held preliminary discussions with prospective advisers about the idea of combining Vedanta Resources Ltd. with Vedanta Ltd.