Vedanta Resources to delist Indian unit

Miner and commodities giant, Vedanta Resources Limited has confirmed that it would take its Indian unit Vedanta Ltd private, as it looks to accelerate simplification of its corporate structure amid the coronavirus crisis. The company said it will delist the unit from all stock exchanges and was willing to accept shares tendered in the offer […]

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Vedanta Resources chairman urges government of India to privatise mining firms to cut down $400 billion of imports

Anil Agarwal, the billionaire metals tycoon, has told Prime Minister Narendra Modi that the Centre should privatise five mining firms including NMDC to save some of the $400 billion that India spends annually on imports. The Vedanta Resources chairman, who was one of the three industrialists invited for a pre-Budget meeting that Modi had with […]

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India’s Odisha state floats tender to develop bauxite lease

The Odisha Mining Corporation (OMC) has floated tenders to start operations from its Kodingamali bauxite lease in the state. In the first year of operations, OMC, a state-run entity, targets to produce 1.5 million tonnes of bauxite. From second year onwards, the output is set to expand to three million tonnes per annum (mtpa). The start of operations at the Kodingamali […]

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