Vedanta Limited
Vedanta Ltd is a diversified natural resource group engaged in exploring, extracting and processing minerals and oil & gas. The group engages in the exploration, production and sale of zinc, lead, silver, copper, aluminium, iron ore and oil & gas. It has presence across India, South Africa, Namibia, Ireland, Liberia & UAE.Its other businesses includes commercial power generation, steel manufacturing & port…
What Vedanta files
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Vedanta is demerging its real estate business into Vedanta Property Platforms (VPPL) to unlock significant value. Shareholders will receive 1 VPPL share for every 20 Vedanta shares. This creates a focused platform with potential value exceeding INR 30,000 Cr from ~2,200 acres and 55,000 sq ft of assets.
Vedanta approved demerging its Real Estate Business into Vedanta Property Platforms (VPPL) to unlock value. Shareholders receive 1 VPPL share for every 20 VEDL shares. This creates a focused platform, leveraging ~2,200 acres & 55,000 sq ft of assets, with potential to unlock over ₹30,000 Cr. VPPL will list on...
Vedanta reported record Q1 PAT of ₹5,294 Cr (+152% YoY) and EBITDA of ₹8,469 Cr (+98% YoY) on ₹23,456 Cr revenue. Strong operational performance across Zinc India, FACOR, Copper India. Net debt reduced to ₹8,299 Cr (0.3x Net Debt/EBITDA). Credit rating upgraded to AA+/Stable. Demerger added over ₹71,000 Cr market...
Vedanta recorded revenue of ₹1,74,075 Cr, profit of ₹25,096 Cr, and EBITDA of ₹55,976 Cr. Its historic demerger completed, listing 4 new companies. Ambitious growth plans aim to significantly scale production across all 5 entities, from zinc to aluminium and power, with substantial investment.
Vedanta Ltd has announced its 61st Annual General Meeting will be held at 3:00 p.m. via virtual means. The Annual Report is now accessible on the company website for shareholders.