Page 5 - Anil Agarwal

Anil Agarwal faces key vote for plan to tap Vedanta cash reserves

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

Gujarat chosen for Rs 1.5-trn project based on professional advice: Vedanta

As a political storm brewed over his group shifting a multi-billion dollar semiconductor factory from Maharashtra to Gujarat, mining baron Anil Agarwal said the site was chosen based on professional and independent advice. Seeking to soothe flared political nerves, he said his mining group Vedanta is committed to investing in Maharashtra as well. Originally, Vedanta and its partner Foxconn were looking at Maharashtra for setting up the chip factory but on September 13 signed a memorandum of understanding (MoU) with the Gujarat government for investing Rs 1.52 lakh crore in the unit. "Vedanta-Foxconn has been professionally assessing the site for a multi-billion dollar investment. This is a scientific and financial process which takes several years. We started this about two years ago," Agarwal said in a series of tweets. A third party was engaged to assist in selecting the site for the project. "Our team of internal & external professional agencies shortlisted few states viz., ...

Fully committed to investing in Maharashtra: Vedanta Chairman Anil Agarwal

Agarwal said that Gujarat met expectations and the decision was made a few months ago

Vedanta sees no funding problems for $19.5-bn chip JV with Foxconn

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

India at 75: From Ambanis to Bajaj - 20 doyens who shaped India's business

Each one of them has played a key role in the building of India, taking ideas and giving them wings. Here's a look at 20 leaders of India Inc who are inseparable from the idea of India

Top headlines: SoftBank warns of funding cuts, Vedanta eyes $100 bn revenue

Business Standard brings you the top headlines at this hour

Vedanta eyes $100-bn revenue by 2030, capex of about $3-bn in next two yrs

Agarwal pointed to the acquisition of Goa-based Nicomet (in December 2021), which has made Vedanta the only producer of nickel in India

We have got seven bids for Sterlite Copper plant: Vedanta's Anil Agarwal

"The world does not want India to produce. Today, 70% of our money is going into imports"

Top headlines: Vedanta declares dividend of Rs 19.5; HUL Q1 net rises 11%

Business Standard brings you the top headlines this hour

India's E&P policy should be liberalised for metals, minerals: Anil Agarwal

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.

Anil Agarwal-led Vedanta to bring into operation two coal blocks in FY23

Billionaire Anil Agarwal-led Vedanta expects 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. Vedanta is focusing on the long-term security of coal especially when thermal power plants and the non-regulated sector have witnessed supply shortages in the current and the last year. "We intend to operationalise Jamkhani and Radhikapur (West) (coal blocks....," Vedanta said in its integrated report and annual accounts 2021-22. Vedanta Limited is one of the world's leading oil & gas and metals company with significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, and aluminium & power across India, South Africa and Namibia. The company bagged the Jamkhani coal block in 2019 and the Radhikapur West coal block in 2020 in auctions. Jamkhani coal block is in proximity to the company's Jharsuguda aluminium smelter. It is one of the most ...

Hindustan Zinc to pay Rs 21 per share dividend, outflow at Rs 8,873 cr

July 21 set as record date for payout; stock up 1.44% on BSE

Dream big, never give up, Anil Agarwal exhorts students at Oxford Union

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.

Top headlines: Ultratech's Ambuja bid, Delhivery may hit a valuation hurdle

Here are the top Business Standard headlines on Thursday

Vedanta plans to issue $1.5 billion dividend, lifting parent's bonds

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

Vedanta's Anil Agarwal bets $4 bn on oil hunt amid price surge

Cairn's plan stands out compared to producers around the world, most of whom are staying away from committing investments in oil and gas

Anil Agarwal's Vedanta pays out dividend for the third time in FY22

Vedanta will pay the third interim dividend of Rs 13 per equity share or 1,300 per cent for 2021-22

Vedanta to tie up with investor, set up specific fund to bid for BPCL

Anil Agarwal company to invest $500 mn in LCD facility

Anil Agarwal weighs merger of holding company with cash-rich India unit

The businessman has held preliminary discussions with prospective advisers about the idea of combining Vedanta Resources Ltd. with Vedanta Ltd.

India on growth path with innovation, digitalisation: Vedanta's Agarwal

The whole world wants to visit India and there is a potential to increase tourism by 10 times, since the country has 10,000 years of rich history, he said