Vedanta has discovered oil in the second exploratory well H2, located in the block KG-OSN-2009/3, Krishna-Godavari Basin, East Coast of India. The company holds 100% participating interest in the block. The company has notified the same to the Management Committee, Directorate General of Hydrocarbons and Ministry of Petroleum and Natural Gas. Multiple reservoir zones were … Read more
In Tamil Nadu, at least 9 people killed in police firing in Tuticorin. The months-long protests for the closure of Vedanta’s Sterlite Copper unit in Tuticorin over pollution concerns turned violent on Tuesday, with agitators fighting pitched bottles with police, prompting it to open fire in which 9 people killed. Hurling stones and setting government … Read more
Vedanta has submitted a preliminary expression of interest (EoI) for Jaypee Infratech currently undergoing the Insolvency Resolution Proceedings (IRP). The EoI invited by insolvency resolution professional (IRP) has received response from various entities, including corporates and asset reconstruction companies. The National Company Law Tribunal (NCLT) has admitted the application by an IDBI Bank-led consortium seeking … Read more
Vedanta has reported results for second quarter ended September 30, 2017. The company has reported 31.20% rise in its net profit at Rs 471 crore for the quarter under review as compared to Rs 359 crore for the same quarter in the previous year. Total income of the company increased by 24.36% at Rs 10,722 … Read more
