Mumbai, May 7 (IANS) Shares of Vedanta Limited dropped 3.35 per cent on Thursday after brokerage firm Citi Research issued a sharp double downgrade on the stock, turning bearish on the metals major amid concerns over zinc prices and changes in its dividend policy.Citi downgraded Vedanta from ‘buy’ to ‘sell’ and slashed its target price to Rs 265, signaling limited upside from current levels.The brokerage cited a weak outlook on zinc along with uncertainty surrounding the company’s c…
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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…
Raipur/Sakti, April 16 (IANS) The death toll from the boiler explosion at the Vedanta Power Plant in Singhitarai village in Chhattisgarh’s Sakti district, has risen to 20 on Thursday, with 15 workers still battling injuries in hospitals.The tragic incident, which took place on April 14, at 2:33 p.m., has sent shockwaves through the industrial belt of Chhattisgarh.The massive blast in boiler ripped through the facility, instantly triggering panic and widespread devastation among workers on shift….
Raipur/Sakti, April 14 (IANS) A major boiler tube explosion at the Vedanta Power Plant in Singhitarai village of Chhattisgarh’s Sakti district triggered panic and chaos on Tuesday, leaving at least nine workers dead and more than 20 others critically injured, officials said. Sakti Superintendent of Police (SP) Praful Thakur has confirmed that nine people have died and more than 20 others were injured in the blast at the Vedanta power plant.The death toll rose to nine as rescue operations continu…
Mumbai, Jan 18 (IANS) The Odisha government has raised a demand of Rs 1,255.38 crore from Vedanta Limited’s subsidiary, ESL Steel Limited, over an alleged shortfall in fulfilling its minimum production target from the mines leased to it in the state, according to the company’s disclosure to the stock exchanges.In a regulatory filing on Saturday, Vedanta disclosed that ESL Steel received two demand notices on January 17, 2026, from the office of the Deputy Director of Mines, Koira Circle. The…