News for Vedanta Limited (VEDL.NS)

Vedanta Ltd. on Tuesday made an announcement to clarify about a news item that appeared in a publication's website. Both, the BSE and NSE, had sought a clarification from the company over a recent news report that appeared on the website www.economictimes.com dated April 15, 2025.

Vedanta Limited has been fined Rs 71.16 crore by Odisha State Pollution Control Board for alleged unauthorised fly ash disposal.

The Directorate General of Trade Remedies (DGTR) suggests imposing countervailing duties, ranging from 3.46% to 10.27%, on copper wire imports from Vietnam, Thailand, Malaysia, and Indonesia. This action, prompted by an application from the Indian Primary Copper Producers Association, could impact the profitability of Indian electrical wire manufacturers.

The NSE Nifty index was trading 257.5 points down at 22992.6

Pig iron production hit a record, growing 4% year-on-year. Steel output gained 4% annually and 8% sequentially, supported by higher hot metal production and operational efficiencies. Ferro chrome production under FACOR grew 4% year-on-year.

Stocks including Reliance Industries, ITC, Power Grid, LTIM, Vedanta, HAL, Paytm, BSE, Federal Bank, RITES, Mankind Pharma and NCC will be in the spotlight on Tuesday, April 01.

Buzzing Stocks Today, Stocks that will see action today: 19 March 2025 - Steel stocks, HUDCO, Hindustan Zinc, JK Lakshmi Cement, Vodafone Idea, Bajaj Auto, GR Infraprojects, IndusInd Bank, Zydus, Nazara Tech

Hindustan Zinc fined for lack of independent directors, awaiting Ministry of Mines approval, no significant impact expected.

Vedanta Chairman Anil Agarwal highlighted that investments in the company over the past five years have grown 4.7 times, driven by capital appreciation and an 81% dividend yield. The mining giant plans to demerge its businesses, unlocking further value for shareholders.

Vedanta chairman Anil Agarwal says each of the four newly demerged entities has the potential to become a $100 billion company. Shareholders will receive shares in all new entities as part of the restructuring.

JSW Steel Ltd. and Tata Steel Ltd.'s share prices dragged the NSE Nifty Metal down on Wednesday, in the backdrop of US tariffs on aluminum and steel taking effect. US President Donald Trump announced plans to impose 25% duty on the metals without any exemption. The move will impact prices in the international market.

Hindustan Zinc expands renewable energy capacity to 530 MW, aiming for 70% reduction in carbon emissions by 2050.

Sterling and Wilson Renewable Energy Limited (SWSOLAR) has appointed Mr. Ajit Pratap Singh as its new Chief Financial Officer effective March 24, 2025, the company announced today.

The NCLT Mumbai has rejected the demerger plan of Talwandi Sabo Power Ltd, a subsidiary of Vedanta Ltd, due to insufficient disclosures. SEPCO, owed ₹1,251 crore by TSPL, challenged the restructuring. Vedanta plans to appeal the decision and continues to support the demerger scheme.

Hindustan Zinc Ltd had reported a 32 per cent rise in consolidated net profit for the quarter ended December 2024.

Buzzing stocks, Stocks to watch: NTPC, Hazoor Multi Projects, Schneider Electric, Swiggy, Vedanta, ZF Group, Jio Financial, Zomato, Bajaj Auto Niyogi Fin, Granules India, Bharti Airtel, Paisalo Digital,  Jagsonpal Pharma

The GIFT Nifty was trading above 22,800. Cipla Ltd., NTPC Green Energy Ltd., and Vedanta Ltd. share prices will be in focus. As of 6:59 a.m., the GIFT Nifty was trading 41.50 points, or 0.18% down at 22,874.00. The NSE Nifty 50 and BSE Sensex extended losses to a third day. The indices ended 0.09% and 0.27% down, respectively.

This will allow the mining conglomerate to list its businesses - aluminum, oil & gas, power, steel - as separate units. At present, these businesses are subsumed within Vedanta, while Hindustan Zinc, which includes revenue streams from white metals zinc and silver, is listed separately. After the Merger, Vedanta will hold the Hindustan Zinc business.

Vedanta Limited approved demerger into five sector-specific companies, creating global scale businesses with focused operations and market potential.