Sterlite Power sets up Serentica Renewables for projects serving commercial clients

Sterlite Power, a private power transmission provider owned by the Vedanta Group, is launching a sister company – Serentica Renewables – to build renewable energy projects serving commercial and industrial consumers (C&I). Serentica Renewables will build 1.5 Gigawatt (Gw) of solar, wind and energy storage capacity in Karnataka, Maharashtra and Rajasthan. Speaking to Business Standard, Pratik Agarwal, Sterlite Power’s […]

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Vedanta’s copper unit shutdown in Tamil Nadu results in Rs 14,749 crore loss to economy: Niti Aayog-sponsored report

The shutting down of Vedanta’s copper smelter plant at Thoothukudi, Tamil Nadu since May 2018 has resulted in a consolidated loss of around Rs 14,749 crore to the economy, according to a report. According to a synthesis report by CUTS International, “Through the data collected and analysed for the purpose of this report, the consolidated […]

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India’s exploration, production policy should be further liberalised for metals and minerals, says Anil Agarwal

Vedanta Chairman Anil Agarwal said that India’s exploration and production policy should be liberalised for a wide range of metals and minerals. The country continues to pay hefty import bills year after year even as the nation is gifted with significant reserves of metals and minerals, the metals and mining magnate noted. “It is becoming […]

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India allows domestically produced crude to be sold freely to refineries; ONGC, Vedanta to benefit

India finally deregulated sale of domestically produced crude oil. The government allowed firms like ONGC and Vedanta to sell locally produced crude oil to any Indian refinery for turning it into fuel, such as petrol and diesel.  While contracts for oilfields awarded since 1999 gave producers the freedom to sell oil, the government fixed buyers […]

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