Who is Anil Agarwal

In the near future, Vedanta is aiming to double the production levels of its subsidiary Hindustan Zinc, increase oil production at Cairn Oil & Gas to 3 lakh barrels of oil equivalent per day

Additionally, Vedanta remains committed to becoming a greener and more sustainable company by producing more and more of its major metals through renewable energy sources

The conglomerate looks to start production from its Zambia mines by FY25 end, with plans to supply the Indian market

The company's other income was down 59.8 per cent to Rs 934 crore on a Y-o-Y basis

Each demerged entity, he said, will plan its own course but follow Vedanta's core values, its enterprising spirit and global leadership

During the meeting, Agarwal reiterated the group's commitment to the progress of the state

To get access to the mine again, Vedanta now needs to follow the court ruling by releasing $250 million to settle debts that KCM owes to contractors and suppliers

The company is also exploring other avenues of fundraising, including equity sales and local currency loans from domestic banks, the people said

The Anil Agarwal group co value has risen by over 70 per cent this year. Analysts say operational efficiencies, cost reduction, improved operating profit, and proposed demerger have underpinned gains

Shares of Vedanta have gained 78% this year, giving the company a market value of about $20.6 billion

This is the second time that the company is raising funds in the current fiscal year. Last month, it said it would raise up to $300 million through debt securities

Agarwal is also planning to split the group into six listed companies by March 2025 to unlock value

The investments will be focused on technology, electronics, and glass businesses apart from the other activities that the group is engaged in, Agarwal told reporters here

"These include further deleveraging (parent) Vedanta Resources by $3 billion in the next 3 years and achieving an annual group EBITDA of $7.5 billion within 2 years," he said

Davis, who was named as president for strategy at Vedanta Resources Ltd. last year, was working closely with the group's lenders and shareholders

Commodity major's stock has hit its highest level since February 2023

Vedanta has a 64.9% stake in Hindustan Zinc

"Vedanta Ltd will appeal the Sebi order before the appropriate forum," the firm said in a statement

Committee to have experts from the field of environment

In an interview to PTI, John Slaven, CEO of aluminium business of Vedanta, said, "We are working very actively in securing the successful demerger of the aluminium business."