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…
Latest Vedanta Power Plant News & Updates
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….
New Delhi, April 14 (IANS) Prime Minister Narendra Modi on Tuesday expressed grief over the tragic mishap at a power plant in Sakti district of Chhattisgarh which left at least nine workers dead and over 20 others injured. He announced that an ex-gratia of Rs 2 lakh from the Prime Minister’s National Relief Fund (PMNRF) would be given to the next of kin of each deceased. The injured would be given Rs 50,000 each.The Prime Minister extended his condolences to those who have lost their loved one…