Latest news with #VedantaLimited
Business Upturn
5 hours ago
- Business
- Business Upturn
Vedanta declared preferred bidder for Janthakal iron ore mine in Karnataka
By Aditya Bhagchandani Published on July 23, 2025, 15:22 IST Vedanta Limited has been declared the preferred bidder for the Janthakal Iron Ore Mine in Karnataka, as per a notification received on July 22, 2025. The company informed stock exchanges today under Regulation 30 of SEBI (LODR) regulations. The Department of Mines & Geology, Government of Karnataka, had invited tenders through its Notice Inviting Tender dated October 3, 2024, to auction the mining license for the Janthakal Iron Ore block. After qualifying at the initial bid stage, Vedanta participated in the live e-auction process and emerged as the highest bidder. The Janthakal Iron Ore Mine, located in Karnataka, spans an area of 71.16 hectares and is classified as a G3-level exploration block. Vedanta clarified that the final grant of the mining license is subject to the company meeting the conditions outlined in the tender document. This includes submission of the performance bank guarantee, securing necessary approvals and clearances from government authorities, and executing required agreements. The company stated it remains committed to fulfilling all formalities to move toward operationalizing the block. For the record, the declaration of Vedanta as preferred bidder marks another step in the company's strategy to strengthen its iron ore resource base in India. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Mint
08-07-2025
- Business
- Mint
Vedanta share price edges higher after THIS update on encumbrance of shares by promoter group. Details here
Shares of metal and mining major Vedanta Limited traded in the green on Tuesday after the company informed exchanges about the release of encumbrances created on its shares following the repayment of loans and bonds by the promoter group. Vedanta share price gained 0.5% to the day's high of ₹ 456.85 apiece. The large-cap stock, with a market capitalisation of ₹ 1.77 lakh crore, is trading 13% away from its 52-week high of ₹ 527 but is up 26% from its 52-week low of ₹ 362.20. Vedanta shares are up 2.5% year-to-date, however, in the last one year, the dividend-paying stock has lost 2%. Twin Star entered into a loan agreement for $200 million with Canara Bank (London Branch) in June 2022. As part of this, an encumbrance was created over Vedanta shares held by Twin Star, Welter Trading, Vedanta Holding Mauritius Limited (VHML), Vedanta Holding Mauritius II Limited (VHMLII), and Vedanta Netherlands Investments B.V. (VNIBV). Additionally, on September 29, 2022, a subsequent facility agreement was entered into by Vedanta Resources Limited with Canara Bank (London Branch) for a loan agreement of $100 million. This also led to an encumbrance over Vedanta shares. VRL, Twin Star, Welter, VHML, VHMLII, and VNIBV — collectively form the Promoter Group of Vedanta Limited. The company informed today that as of July 3, 2025, the $200 million facility taken by Twin Star has been fully repaid. Accordingly, all encumbrances created under the June 28, 2022, Facility Agreement have been released. For clarity, no actual pledge of Vedanta shares was made by any Promoter Group Entities under the June 28, 2022, agreement, it said. Vedanta Resources Finance II PLC ('VRFII') had previously issued $600,000,000 Bonds at 9.25% interest, originally due in 2026. These Bonds were guaranteed by Vedanta Resources Limited. The company said that the entire outstanding amount on the Bonds has been fully repaid. Following the receipt of a No Objection Certificate dated July 07, 2025, the Bonds have been fully redeemed and all encumbrances created under the Bonds and the associated Trust Deed have been released. No pledge was created over the equity shares of Vedanta by any of the promoter group entities in connection with these bonds, the company clarified. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
04-07-2025
- Business
- Time of India
Hindustan Zinc launches guidebook to promote workplace equity, inclusive environment, ETHRWorld
Advt Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETHRWorld industry right on your smartphone! Download the ETHRWorld App and get the Realtime updates and Save your favourite articles. Udaipur, Hindustan Zinc, the world's largest integrated zinc producer, has launched a Guidebook to Inclusive Language to promote workplace equity and foster a diverse and inclusive environment Unveiled on the company's Zinclusion platform, the guidebook aims to enhance sensitisation towards communities like LGBTQIA+, differently-abled individuals, and diverse ethnicities, encouraging inclusive communication and equitable practices."The guidebook is designed to act as a strategic framework that promotes sensitisation towards various communities, encourages inclusive communication and supports equitable practices across all levels of the organisation," a release from the company company has also introduced pioneering workplace policies for LGBTQIA+ inclusion, including financial support of up to Rs 1 lakh for employees, Rs 2 lakh for gender reaffirmation with leave for transgender employees undergoing surgery and policies like parenthood and housing support."We strive to create an environment where every person is valued and empowered to be their authentic selves. We are fostering a culture that values diversity and ensures equal opportunities for all," Priya Agarwal Hebbar, Chairperson of Hindustan Zinc and Director of Vedanta Limited, Zinc has employed 23 LGBTQIA+ community employees across its business units, offering significant representation in mainstream roles like finance, supply chain, marketing, quality, medical and other departments. PTI
Time of India
03-07-2025
- Business
- Time of India
Hindustan Zinc launches inclusive language guide to promote workplace equity
Hindustan Zinc has introduced a Guidebook to inclusive language aimed at promoting equity and inclusivity within the workplace. The guide, launched under the company's Zinclusion platform, serves as a framework to encourage respectful communication and greater awareness across all levels of the organisation. The launch featured a panel discussion on the theme of 'Allyship', led by the company's CEO Arun Misra and Dr. Sanjay Sharma, Retired Air Commodore and advocate for transgender healthcare and inclusion. The guidebook is part of the company's broader diversity and inclusion efforts, which have included policies such as financial assistance of up to ₹1 lakh for employees from the LGBTQIA+ community , and ₹2 lakhs with leave provisions for transgender employees undergoing gender reaffirmation procedures. Additional policies cover parenthood and housing support. Recruitment and representation in mainstream roles Since 2022, Hindustan Zinc has expanded its hiring efforts to include members of the transgender community. As of now, twenty-three LGBTQIA+ employees are working across functions such as finance, supply chain, marketing, quality, and medical services. The company has recorded a 44 per cent year-on-year increase in hiring from the LGBTQ community. The company states that this has been facilitated by its tech-focused operations using Industry 4.0 technologies, robotics, and automation, which have streamlined processes and reduced manual intervention. Priya Agarwal Hebbar, Chairperson, Hindustan Zinc and Director of Vedanta Limited, said, 'At Vedanta & Hindustan Zinc, we strive to create an environment where every person is valued and empowered to be their authentic selves. This guidebook reflects our values of togetherness and belonginess where you are not just an employee; you are part of a family.' Dr. Sanjay Sharma added, 'Language shapes how we see each other; it can either build barriers or open doors. Hindustan Zinc's Inclusive Language Guidebook is a step toward creating a culture of respect, dignity, and belonging.' Goals for the future The company aims to reach 30% workforce diversity by 2030 as part of its Sustainable Development Goals . At present, the gender diversity ratio in its executive workforce stands at nearly 26 per cent, which is among the highest in the global metals and mining sector. Through leadership engagement, sensitisation sessions, and internal support systems such as the Buddy System, Hindustan Zinc continues to promote inclusion as a core organisational principle.
News18
18-06-2025
- Business
- News18
Vedanta Declares First Interim Dividend Of Rs 7 For FY26, Record Date Fixed
Last Updated: Vedanta 1st Interim Dividend 2025 Record Date: Vedanta Limited board earlier fixed the record date on Tuesday, June 24, 2025, for the purpose of payment of dividend. Vedanta 1st Interim Dividend 2025 Record Date: Vedanta Limited board on Wednesday recommended the first interim dividend of Rs 7 per equity share on the face value of Rs 1 per equity share for the financial year 2025-26. The dividend will amount the mining giant a total outlay of Rs 2,732 crore. Vedanta Limited board earlier fixed the record date on Tuesday, June 24, 2025, for the purpose of payment of dividend. 'we wish to inform you that the Board of Directors of Vedanta Limited (the 'Company"), at its meeting held today i.e. Wednesday, June 18, 2025, has considered and approved the First Interim Dividend of Rs 7/- per equity share on face value of ₹ 1/- per equity share for the Financial Year 2025-26 amounting to c. Rs 2,737 Crores," the company said in the filing. Vedanta boasts nearly 20 lakh retail shareholders—those with authorised share capital up to Rs 2 lakh—who held an 11.25% stake in the company as of the end of the March quarter. This dividend follows Hindustan Zinc, a Vedanta unit, announcing a first interim dividend of Rs 10 per share for its shareholders. Vedanta Ltd. stands to receive up to Rs 3,000 crore from this payout, given its stake in Hindustan Zinc. Vedanta Dividend History The mining giant, owned by Anil Agarwal, had distributed Rs 43.5 per share as dividends in the 2025 financial year, totalling over Rs 17,000 crore. Over the past four years, the company has disbursed dividends exceeding Rs 200 per share. In a note dated May 1, brokerage firm JPMorgan projected that for the 2026 financial year, Vedanta's dividend payout might reduce by nearly half to Rs 25 per share, and is expected to remain stable in the 2027 financial year at Rs 27 per share. the sale of shares amount to c. INR 3,028 Cr.
