Mumbai, April 17 (IANS) Vedanta Limited on Friday said it has secured a $125 million external commercial borrowing deal, but the agreement comes with strict conditions, including a restriction on diluting its stake in subsidiary Hindustan Zinc Limited and a mandate to retain majority ownership until the loan is fully repaid.The company signed a facility agreement on April 14 with JPMorgan Chase Bank N.A., acting through its GIFT City branch as the mandated lead arranger and bookrunner, while als…
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New Delhi, April 16 (IANS) Mining major Vedanta’s industrial safety practices have come under renewed scrutiny after a deadly boiler tube explosion at its power plant in Chhattisgarh, where at least 14 workers have died and several others remain critical.The Anil Agarwal-backed company — which is engaged in natural resources mining — has repeatedly figured in discussions around industrial safety, with workplace fatalities reported across its mining, metals, oil and gas, and power businesses …
New Delhi, Jan 8 (IANS) Prime Minister Narendra Modi on Thursday said the untimely passing of Agnivesh Agarwal, son of Vedanta Group Chairman Anil Agarwal, “is deeply shocking and saddening”.Anil Agarwal, in an X post, announced the demise of his beloved son Agnivesh, who “left us far too soon”.PM Modi replied to his post, saying, “The untimely passing of Shri Agnivesh Agarwal is deeply shocking and saddening. The depth of your grief is evident in this touching tribute. Praying that yo…