SC ruling on state taxes credit negative for mining companies: Moody's
Tata Steel and JSW Steel will incur additional operating costs because they produce iron ore and coking coal from their mines to supply to their steel plants, says Moody's.
mining
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Critical Mineral Mission to ramp up mining
The mission is expected to open opportunities for mining giants in India, including Aditya Birla and Vedanta, besides the companies in steel sector with mining experience like Tata Steel and JSW.
Vedanta shares gain 4% on report of SBI nod to demerger plans
The metal and mining company has received approval from State Bank of India to split its existing businesses into six separate entities.
Mining For The Future
India taps domestic mines for critical minerals to meet infrastructure needs, economic demand and a sustainable future.
Chinese, U.S. & European cos own majority of clean energy raw material
Mining and trade of most of the 'key energy transition minerals' such as copper, lithium, nickel, cobalt, graphite and rare earth supply chain are owned by Chinese companies.
Vedanta parent raises $1.25 billion loan; stock falls
Vedanta Resources, the parent company of Vedanta, faces debt refinancing of $1 billion bonds maturing in Jan 2024, followed by $0.95 bn in Aug 2024, and $1.2 bn in Mar 2025.
Vedanta sets up new copper unit in Saudi Arabia; stock down 2%
Malco Energy, a wholly owned subsidiary of Vedanta, has incorporated a new unit in Saudi Arabia to manufacture copper rod.
Vedanta shares rise 2% after hitting 52-week low in previous session: here’s why
Vedanta plans to restructure its businesses such as aluminum, iron & steel, and oil & gas into separate listed entities, which could help its parent company manage its debt load.
Vedanta to raise up to ₹2,500 cr via NCDs; stock hits fresh 52-week low
The committee of directors of Vedanta on Thursday approved raising up to ₹2,500 crore through the issuance of NCDs in one or more tranches.
Coal India shares nosedive 5% on govt stake sale plan
The government plans to sell 3% stake in CIL at a floor price of ₹225 per share, a discount of 6.7% to Wednesday’s closing price.
