Metals magnate Anil Agarwal’s Vedanta Resources would raise up to $1 billion in dollar bonds in the second such issue in six months, harnessing global liquidity to pare high-cost debt and build an expansion kitty ahead...
Hindustan Copper Limited signs MoU Mishra Dhatu Nigam Limited
Hindustan Copper Limited (HCL), the country’s largest integrated copper producer under mines ministry, has signed a Memorandum of Understanding (MoU) with Mishra Dhatu Nigam Limited (MIDHANI), a central public...
Govt asks Vedanta to make a buyback offer for Cairn’s 9.8% stake
The government has asked Vedanta to make a buyback offer for Cairn UK’s 9.8 per cent equity in the company, attached by the tax department for non-payment of dues. The Anil Agarwal-led company is yet to get back to the...
Vedanta’s dream has just begun; to invest $6-7 billion: Anil Aggarwal
Working on creating a natural resources giant anchored in India, Vedanta’s dream has only just begun and it will invest USD 6-7 billion on expanding overall capacity in 3-4 years, metals and mining baron Anil...
Vedanta to set up steel plant in Jharkhand in JV with JSMDC
A steel plant would soon come up at Manoharpur in West Singhbhum district, Jharkhand Chief Minister Raghubar Das said here today. The Vedanta group and Jharkhand Mineral Development Corporation (JSMDC) would jointly set...
Liberty House bids to buy iron ore assets in Minnesota
British metals group Liberty House is bidding to buy U.S.-based Mesabi Metallics Co LLC and ESML Holding Inc, as it seeks to boost its presence in North America. The bid is being made by GFG Alliance, a group that...
Nalco falls over 5% as stake sale begins
National Aluminium Company (Nalco) dipped 7% to Rs 68.30 on BSE in early morning trade after the government stake sale of up to 10% in the aluminium company through an offer for sale (OFS) begins today. The company has...
Runaya Metsource to form precision applications JV with Rusal
Runaya Metsource, funded by Vedanta Group’s ‘principal shareholders’, and Russian aluminium billionaire Oleg Deripaska’s Rusal are creating an equal joint venture for precision applications, such as rocket fuels, solar...
Vedanta’s Anil Agarwal not eying Anglo American assets in South Africa
The chairman of Indian miner Vedanta Resources said on Wednesday he had no plans to buy assets in South Africa from Anglo American or push for a board seat after announcing plans to buy a 13 percent stake in the mining...
Cairn-Vedanta merger gets all approvals except from RBI
Natural resources major Vedanta said on Tuesday it has received all approvals for its merger with subsidiary energy firm Cairn India, except the Reserve Bank of India’s (RBI) permission for issuing redeemable...
Anil Agarwal defends Vedanta’s move to buy stake in Anglo American
Metals-to-mining magnate Anil Agarwal has explained his decision to acquire a majority stake in international mining company Anglo American, a move that surprised analysts earlier this week. “I like Anglo’s...
Why did Anil Agarwal buy a part of $23 billion Anglo American
Billionaire metals maven Anil Agarwal made a surprise bid for as much as 13% of British mining giant Anglo American Plc for $2.4 billion, a move that will give him a foot in the door of the $23-billion conglomerate...
