VEDL

Aug 20 (Reuters) - Vedanta Ltd VDAN.NS:

• VEDANTA - REVIEWING SUPREME COURT JUDGMENT ON FOREIGN TRADE POLICY BENEFITS

• VEDANTA - SUPREME COURT UPHELD APPELLATE TRIBUNAL FOR ELECTRICITY RULING IN CASE OF TALWANDI SABO POWER

Source text: ID:nBSE2y2yNK

Further company coverage: VDAN.NS

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** Shares of Indian miner Vedanta VDAN.NS up 2.5% to 449 rupees

** Day's move flips stock to YTD gains territory, last up 1% so far in 2025

** Oils-to-metals conglomerate said its board will consider a plan to issue second interim dividend for FY26 on Thursday

** Trading vols 8.5 mln shares vs 30-day avg of 5.9 mln shares

** Stock, on an avg, rated "buy" with median TP 505 rupees - LSEG data

(Reporting by Hritam Mukherjee in Bengaluru)

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Aug 14 (Reuters) - Vedanta Ltd VDAN.NS:

• BALCO RECEIVES PENALTY ORDER OF 10.3 MILLION RUPEES

Source text: ID:nBSE4ll7s5

Further company coverage: VDAN.NS

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Aug 4 (Reuters) - India's GreenLine Mobility Solutions said on Monday it will invest 4 billion rupees ($45.7 million) to boost its electric truck supply fleet for miner Hindustan Zinc HZNC.NS, replacing diesel vehicles.

Hindustan Zinc, which has set a 2050 net-zero carbon emission goal, will deploy electric trucks for the movement of materials between its mines and smelters, GreenLine said in a statement.

The funds will also be used to set up a commercial-scale battery-swapping infrastructure and double Hindustan Zinc's liquefied natural gas-powered truck fleet to 200 for long-haul finished goods transport, GreenLine said.

The company had in April pledged $275 million to accelerate decarbonization of heavy trucks, in a move to cut logistics-related emissions.

($1 = 87.5910 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Nidhi Verma and Shreya Biswas)

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July 31 (Reuters) - Indian metals-to-oil conglomerate Vedanta VDAN.NS reported a quarterly profit that missed analysts' estimates, as a steep fall in aluminium and copper prices overshadowed strong local demand.

The miner's consolidated net profit declined to 31.85 billion rupees ($363.6 million) in the quarter ended June 30 from 36.06 billion rupees a year ago.

Analysts, on an average, expected a profit of 34.83 billion rupees, per data compiled by LSEG.

($1 = 87.6075 Indian rupees)

(Reporting by Manvi Pant and Anuran Sadhu; Editing by Mrigank Dhaniwala)

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Adds details and background from paragraph 3 onwards

July 18 (Reuters) - Hindustan Zinc HZNC.NS posted a bigger-than-expected first-quarter profit on Friday, as strong demand for the metal helped cushion the impact of prices that were pressured by geopolitical uncertainties.

India's top refined zinc producer's consolidated net profit fell 4.7% to 22.34 billion rupees ($259.2 million) for the quarter ended June 30, beating analysts' estimate of 21.02 billion rupees, per data compiled by LSEG.

Demand for zinc, which is commonly used to coat steel to prevent corrosion, grew on the back of strong local demand for the alloy, with crude steel production rising 8.6% on-year in the country, analysts said.

However, metal prices came under pressure in the reported quarter as geopolitical tensions and uncertainty around U.S. trade policies dragged down industrial metals like zinc, copper and aluminum, squeezing producer margins.

Domestic zinc prices fell about 6% year-on-year and 7% quarter-on-quarter in the June-quarter, in line with global trends, according to brokerage Systematix Research.

In April, Hindustan Zinc CFO Sandeep Modi told Reuters that uncertainties over U.S. tariffs would delay a stabilisation in metal prices, but he maintained that "fundamentally prices will remain strong."

Benchmark zinc prices CMZN3 on the London Metal Exchange fell 3.5% in the quarter ended June 30.

Hindustan Zinc, which commands roughly three-fourths of India's zinc market, reported a 4% drop in total revenue from operations to 77.71 billion rupees.

($1 = 86.1750 Indian rupees)

(Reporting by Manvi Pant; Editing by Sumana Nandy and Chandini Monnappa)

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** Shares of Vedanta Ltd VDAN.NS gain as much as 1.61% to 446.25 rupees after falling for two straight sessions

** Stock shed 3.75% over last two sessions after Viceroy Research disclosed a short position on parent Vedanta Resources' debt, alleging financial mismanagement and draining of resources of Vedanta

** JPMorgan says it sees no financial stress at Vedanta Ltd, citing stable cash flows and earnings excluding Hindustan Zinc HZNC.NS

** Notes Indian government's presence on Hindustan Zinc's board with three seats offers investors comfort

** Adds it remains comfortable with Vedanta Resources' leverage and governance at Hindustan Zinc despite the report

** Vedanta shares are down 1.2% in 2025 so far, underperforming the Nifty Metal index's .NIFTYMET 8.4% gain

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

July 9 (Reuters) - Vedanta Ltd VDAN.NS:

• VEDANTA GROUP RESPONDS TO VICEROY RESEARCH REPORT, SAYS REPORT ISSUED WITHOUT MAKING ATTEMPT TO CONTACT GROUP

• VEDANTA GROUP SPOKESPERSON: AUTHORS OF REPORT HAVE TRIED TO SENSATIONALISE THE CONTEXT TO PROFITEER FROM MARKET REACTION

• VEDANTA GROUP SPOKESPERSON: REPORT CONTAINS COMPILATION OF VARIOUS INFORMATION, WHICH IS ALREADY IN PUBLIC DOMAIN

Source text: [ID:]

Further company coverage: VDAN.NS

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- Source link: (https://bitl.to/4lN7)

- Note: Reuters has not verified this story and does not vouch for its accuracy

(Bengaluru newsroom)

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Updates, changes sourcing

** Hindustan Zinc stock HZNC.NS down 6% at 457 rupees, its biggest intraday pct drop since April 4

** Parent Vedanta Ltd VDAN.NS sold a 1.6% stake in miner HZNC via a $350 million block deal at floor price of 452.50, according to a term sheet

** VDAN currently holds a little over 63% stake in HZNC
** Floor price at a 7% discount to last close
** Vedanta did not immediately respond to Reuters' request for a comment
** HZNC is top pct loser on Nifty mid-cap index .NIFMDCP100, which is down 0.3%; VDAN shares fall 0.8%

** About 120.9 mln shares change hands, 27.3x the 30-day avg
** YTD - HZNC up ~3%; Nifty mid-cap index up 2%

(Reporting by Sethuraman NR and Manvi Pant in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected] ))

Recasts, adds details, background from paragraph 2 onwards

June 17 (Reuters) - Hindustan Zinc HZNC.NS, India's biggest producer of the refined metal, has approved a project worth 120 billion rupees ($1.39 billion) as it looks to ramp up capacity, the miner said on Tuesday.

The metals complex in the northern Indian state of Rajasthan will be set up using internal accruals and debt. It will operate at 250 kilo tonnes (KT) capacity and be at a location where the company already operates a zinc smelter.

The complex will be completed in 36 months.

Hindustan Zinc's existing capacity stands at 1129 KT per annum. The company is aiming to double its output and has forecast a project capex of $225 million-$250 million in the fiscal year 2026.

($1 = 86.1560 Indian rupees)

(Reporting by Manvi Pant in Bengaluru; Editing by Janane Venkatraman and Mrigank Dhaniwala)

(([email protected]; +918447554364;))

The views expressed here are those of the author, a columnist for Reuters.

By Clyde Russell

LAUNCESTON, Australia, June 3 (Reuters) - The rise of India's steel sector is touted as a boost for iron ore miners seeking to find new markets as China's output eases, but the reality is likely to fall short of the hype.

India's steel-making capacity is currently about 200 million metric tons per annum and the South Asian nation has ambitious plans to reach 300 million by 2030.

Working on the assumption that these plans come close to being realised, how does that alter the dynamics in the global seaborne iron ore market?

In order to get to an answer, it's important to work out how much of the demand for iron ore from the new steel mills can be met by India's own mines.

India is the fourth-largest iron ore miner and its production hit a record 289 million tons in the fiscal year from April 2024 to March 2025, according to preliminary government data.

This was up from the previous fiscal year's 277 million tons, but is also well short of what would be required to supply a 300 million tons per annum steel-making sector.

Depending on the grade of iron ore used, it takes about 1.6 tons to make one ton of steel using the blast furnace/basic oxygen furnace process, the most common method in both India and top steel producer China.

Is it possible that India's domestic iron ore output could rise to around 460 million tons by 2030, and if it could, is it also possible that the infrastructure required to transport ore to steel mills can be put in place?

Vedanta Group Chairman Anil Agarwal told the Business Standard last month that India has the potential to overtake China and Brazil to become the second-largest iron ore miner after Australia.

Vedanta owns Sesa Goa Iron Ore, one of India's major producers, and while Agarwal is correct in pointing to India's large reserves, it's unlikely that such a large increase in iron ore output in a relatively short period of time is possible.

The Indian Steel Association expects that there will be a shortage of iron ore of more than 100 million tons in coming years, meaning imports will have to increase.

IMPORTS RISING

India is currently a net exporter of iron ore, usually shipping lower-grade ores to China while importing higher-grade material to blend with domestic ore.

India's exports for the first five months of 2025 were 13.67 million tons, of which 11.11 million went to China, according to data compiled by commodity analysts Kpler.

Exports have been trending lower as more ore is used by domestic steel plants, with the monthly average of 2.73 million tons for the first five months of 2025 down from the average of 3.13 million for 2024 and 3.70 million for 2023.

Imports have also been trending higher, with arrivals of 4.57 million tons in the first five months of 2025, according to Kpler.

This puts India on track to more than double imports this year from the 6.72 million tons in 2024 and the 6.67 million in 2023.

But even if imports do rise to around 10 million tons this year, it's a long way to get to 100 million tons by 2030.

Much will depend on how quickly India builds up steel capacity and how domestic iron ore miners respond.

India has about 20 million tons of steel capacity currently under construction and a further 155 million planned, according to data compiled by the Global Energy Monitor.

The under-construction plants will likely boost demand for iron ore imports, but the volumes are likely to be modest, at least for this year and next.

What is likely is a continuation of current trends, with India's exports of low-grade iron ore trending lower and its imports of higher-grade ore moving higher over time.

The views expressed here are those of the author, a columnist for Reuters.

(Editing by Stephen Coates)

(([email protected])(+61 437 622 448)(Reuters Messaging: [email protected]))

May 27 (Reuters) - Vedanta Ltd VDAN.NS:

• VEDANTA - TO CONSIDER ISSUANCE OF NON-CONVERTIBLE DEBENTURES ON A PRIVATE PLACEMENT BASIS

Source text: ID:nnAZN3WJCAW

Further company coverage: VDAN.NS

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May 16 (Reuters) - Vedanta Ltd VDAN.NS:

• RECEIVES PENALTY ORDER OF 1.46 BILLION RUPEES FOR SAED

Source text: ID:nBSE7fKDMl

Further company coverage: VDAN.NS

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April 25 (Reuters) - Hindustan Zinc HZNC.NS, the world's third-biggest zinc producer, reported a jump in fourth-quarter profit on Friday, supported by higher production and rising prices of the metal.

The company's consolidated net profit came in at 30.03 billion rupees ($351.5 million) in the three months to March 31, up 47.4% from a year ago.

Domestic zinc prices rose about 17.5% in the quarter, according to Systematix estimates, due to higher demand from India's construction and manufacturing sectors.

Hindustan Zinc, majority owned by metals-to-oil conglomerate Vedanta VDAN.NS, previously said its March-quarter mined metal production was at a record high of 310 kilo tonnes.

The company, which commands 75% share of the domestic zinc market, said its revenue from operations rose 21.2% to 88.29 billion rupees, while total expenses grew only 8.5%.

The zinc division recorded a 20.6% increase in revenue, while silver, the company's second-largest business segment, registered a 24.1% growth.

($1 = 85.4350 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Varun H K)

(([email protected]; +91 8697274436;))

** Shares of Indian miner Vedanta VDAN.NS jump 3% to 412 rupees; extend gains to fifth straight session

** Oil-to-metals conglomerate said High Court of Orissa has stayed an environmental compensation demand of 711.7 million rupees ($8.4 million)

** Vedanta says demand was raised for alleged incorrect disposal of fly ash; adds co has "strong case on merits"

** Day's move trims stock's YTD losses to 7%

($1 = 85.0800 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

By Sarita Chaganti Singh

NEW DELHI, April 18 (Reuters) - India is planning to ease its nuclear liability laws to cap accident-related penalties on equipment suppliers, three government sources said, in a move mainly to attract U.S. firms that have been holding back due to the risk of unlimited exposure.

The proposal by Prime Minister Narendra Modi's government is the latest step to expand nuclear power production capacity by 12 times to 100 gigawatts by 2047 as well as provide a fillip to India in trade and tariff negotiations with the U.S.

A draft law prepared by the department of atomic energy removes a key clause in the Civil Nuclear Liability Damage Act of 2010 that exposes suppliers to unlimited liability for accidents, the three sources said.

India's atomic energy department, the prime minister's office and the finance ministry did not respond to requests seeking comment.

"India needs nuclear power, which is clean and essential," said Debasish Mishra, chief growth officer at Deloitte South Asia.

"A liability cap will allay the major concern of the suppliers of nuclear reactors."

The amendments are in line with international norms that put the onus on the operator to maintain safety instead of the supplier of nuclear reactors.

New Delhi is hoping the changes will ease concerns of mainly U.S. firms like General Electric Co GE.N and Westinghouse Electric Co that have been sitting on the sidelines for years due to unlimited risks in case of accidents.

Analysts say passage of the amended law is crucial to negotiations between India and the U.S. for a trade deal this year that aims to raise bilateral trade to $500 billion by 2030 from $191 billion last year.

Modi's administration is confident of getting approval for the amendments in the monsoon session of parliament, set to begin in July, according to the sources.

Under the proposed amendments, the right of the operator to compensation from the supplier in case of an accident will be capped at the value of the contract. It will also be subject to a period to be specified in the contract.

Currently, the law does not define a limit to the amount of compensation an operator can seek from suppliers and the period for which the vendor can be held accountable.

LAW GREW OUT OF BHOPAL DISASTER

India's 2010 nuclear liability law grew out of the 1984 Bhopal gas disaster, the world's deadliest industrial accident, at a factory owned by U.S. multinational Union Carbide Corp in which more than 5,000 people were killed.

Union Carbide agreed to pay an out-of-court settlement of $470 million in damages in 1989.

The current liability law effectively shut out Western companies from a huge market, and also strained U.S.-Indian relations since they reached a deal on nuclear cooperation in 2008.

It also left U.S. firms at a disadvantage to Russian and French companies whose accident liability is underwritten by their governments.

The draft law also proposes a lower liability cap on small reactor operators at $58 million, but is unlikely to alter the cap for large reactor operators from the current level of $175 million, the three sources said.

India is betting big on nuclear power to meet its rising energy demand without compromising on net-zero commitments, for which it proposes to allow private Indian companies to build such plants.

Indian conglomerates like Reliance Industries RELI.NS, Tata Power TTPW.NS, Adani Power ADAN.NS and Vedanta Ltd VDAN.NS have held discussions with the government to invest around $5.14 billion each in the sector.

($1 = 85.6320 Indian rupees)

(Reporting by Sarita Chaganti Singh, Editing by Raju Gopalakrishnan.)

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April 15 (Reuters) - India has launched an auction of three coal bed methane blocks and 55 small discovered fields for exploration and production, said Pallavi Jain Govil, head of upstream regulator Directorate General of Hydrocarbons, on Tuesday at an event in Delhi.
Two of the coal bed methane blocks are in the state of West Bengal and one in the western state of Gujarat.
India also signed contacts for oil and gas blocks, offered under a licensing round earlier this year, Govil said, as the world's third largest oil consumer seeks to boost its local output.

The country imports over 80% of its over 5 million barrels per day of oil needs.
India's top explorer Oil and Natural Gas Corp ONGC.NS signed contracts for exploration of 11 blocks, while Oil India OILI.NS signed for six blocks.
ONGC also signed an exploration contract for one block in tie up with BP BP.L and Reliance Industries RELI.NS, and teamed up with Oil India for three blocks.
Vedanta VDAN.NS signed contracts for seven blocks and Hindustan Oil Exploration Company HOEX.NS for one block.

(Reporting by Nidhi Verma in New Delhi; Editing by Shinjini Ganguli)

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April 11 (Reuters) - Vedanta Ltd VDAN.NS:

• REQUESTED TO DEPOSIT 711.7 MILLION RUPEES ENVIRONMENTAL COMPENSATION

Source text: ID:nNSE1jkQMK

Further company coverage: VDAN.NS

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April 3 (Reuters) - Vedanta Ltd VDAN.NS:

• VEDANTA LTD - 4Q IRON ORE SALEABLE PRODUCTION JUMPS 22% YOY

• VEDANTA LTD - ANNUAL ALUMINIUM PRODUCTION AT 2,421 KT, UP 2% YOY

• VEDANTA LTD - 4Q TOTAL POWER SALES JUMP 18% QOQ

• VEDANTA LTD - QUARTERLY ZINC INTERNATIONAL PRODUCTION RISES 52% YOY

Source text: ID:nBSEbkMLvM

Further company coverage: VDAN.NS

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By Sethuraman N R

April 2 (Reuters) - Indian metals-to-oil conglomerate Vedanta VDAN.NS is looking for a global company to partner with on expansion projects worth $20 billion across zinc, aluminium, copper, iron, steel, oil, gas and power, as per a tender document.

The billionaire Anil Agarwal-led conglomerate -- set to split into four entities, Vedanta Aluminium, Oil and Gas, Power, Iron and Steel -- had earmarked the funds to invest in metals and mining and hydrocarbons in the next three years.

Vedanta did not give specifics for the current tender, which was issued last week.

Its current plans include a $2 billion to $2.5 billion investment to expand subsidiary Hindustan Zinc's HZNC.NS production.

Another unit, Cairn India, has a $5 billion plan to grow its oil output by five-fold, while Vedanta's power business is aiming to double its 5-gigawatt (GW) portfolio and expand into nuclear and power distribution.

Vedanta said in February it was looking for partners to build and operate 5 GW of nuclear power for captive use in India.

(Reporting by Sethuraman NR; Editing by Savio D'Souza)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

March 26 (Reuters) - Vedanta Ltd VDAN.NS:

• VEDANTA LTD - APPOINTS RAJIV KUMAR AS CEO OF ALUMINIUM BUSINESS

• VEDANTA LTD - RAJIV KUMAR APPOINTED FOR A TERM OF THREE YEARS

Further company coverage: VDAN.NS

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Adds details on Samsung

March 25 (Reuters) - Foreign companies have often struggled in India due to high tax demands related levies payable on big M&A transactions or government accusations of duty evasion on imports, at times leading to prolonged litigation.

Here are some of the key current and past tax disputes involving foreign companies:

SAMSUNG

South Korean giant Samsung Electronics 005930.KS and its executives in India were in January ordered to pay $601 million in back taxes and penalties for dodging tariffs on import of key telecom equipment.

The demand represents a substantial chunk of last year's net profit of $955 million for Samsung in India, where it is one of the largest players in the consumer electronics and smartphones market. Samsung says it is exploring legal options.

VOLKSWAGEN

Volkswagen VOWG_p.DE faces a record $1.4 billion tax notice for importing parts for 14 models, including some Audis, in separate shipments to avoid the higher tax on completely knocked down (CKD) units.

The German automaker sued Indian authorities in a Mumbai court saying the "impossibly enormous" tax demand will hit its investment in the country, and foreign investor sentiment.

India's government told the court that agreeing to Volkswagen's demand to quash the tax bill would have "catastrophic consequences" and encourage companies to withhold information and delay inquiries, court documents showed.

KIA

In a similar case to Volkswagen, South Korea's Kia has also been accused of dodging $155 million in taxes by misclassifying some car component imports, but the company is contesting the charge privately with officials.

At the heart of the dispute lies Kia's incorrect declaration of imported components used to assemble its luxury Carnival minivan.

VODAFONE

In one of the most controversial cases, Vodafone VOD.L was slapped with a $2 billion tax demand when it purchased the Indian assets of Hutchison Whampoa in an $11 billion deal in 2007.

The dispute saw years-long litigation including a ruling in the company's favour by India's top court, followed by a change of law that reimposed the demand and an international arbitration between the two sides. Vodafone won the arbitration case in 2020.

CAIRN ENERGY

Britain's Cairn Energy faced a more than $1.4 billion tax demand over the transfer of shares during an internal reorganization in 2007.

In 2011, Cairn Energy sold its majority stake in Cairn India to Vedanta Ltd, reducing its share in the Indian company to about 10%.

The Indian administration and Cairn India finally settled the years-long dispute in 2021 by offering to refund the tax amount.

PERNOD RICARD

French liquor giant Pernod Ricard PERP.PA has been accused by Indian authorities of undervaluing certain imports for more than a decade to avoid full payment of duties.

India is demanding roughly $250 million in back taxes but the maker of Chivas Regal and Absolut vodka has contested the findings.

In 2022, Pernod warned Prime Minister Narendra Modi's administration that its long-running tax disputes with authorities on valuing liquor imports have inhibited fresh investment and its current business.

BYD

Chinese automaker BYD has been accused by Indian authorities of underpaying $8.37 million on parts for cars it assembles and sells in India.

BYD later deposited the funds but the probe is still ongoing and could lead to additional tax charges and penalties, Reuters has previously reported.

(Reporting by Arpan Chaturvedi and Nandan Mandayam; Editing by Aditya Kalra and Kim Coghill)

(([email protected];))

MUMBAI, March 19 (Reuters) - India's Hindustan Zinc HZNC.NS has accepted worth 5 billion rupees ($57.8 million) for the sale of bonds maturing in three years, three bankers said on Wednesday.

The company will pay an annual coupon of 7.75% and had invited bids from bankers and investors for the issue earlier in the day, they said.

The company did not immediately reply to a Reuters email seeking comment.


Here is the list of deals reported so far on March 19:

*Size includes base plus greenshoe for some issues

($1 = 86.5010 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by)

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Corrects spelling of miner in second paragraph

CAIRO, March 18 (Reuters) - The Saudi industry and mineral resources ministry awarded on Tuesday mining exploration licenses to several local and international firms, state news agency SPA reported.

The licenses were awarded to Indian miner Vedanta and a consortium comprising local Ajlan & Bros and China's Zijin Mining among others.

The ministry said the miners would spend approximately over 366 million riyals ($97.59 million) on exploration over the next three years.

($1 = 3.7505 riyals)

(Reporting by Menna Alaa El-Din, Editing by Franklin Paul)

(([email protected];))

** Shares of miner MTM Critical Metals MTM.AX rise 6.7% to A$0.16

** Stock marks its biggest intraday gain since February 12

** Co signs MoU with Indian aluminium firm Vedanta VDAN.NS for Red Mud (RM) recycling via its Flash Joule Heating (FJN)technology

** Tests at MTM's Houston facility reveal FJH efficiently converts RM's iron oxides into saleable compounds - MTM

** Adds that the process also improves iron-to-alumina ratio for cement additive use and reduces environmental risk by neutralising RM's alkalinity

** MTM shares down 42.3% YTD, VDAN shares nearly flat with minor gains of 0.1% YTD, as of last trade

(Reporting by Kumar Tanishk in Bengaluru)

(([email protected]; X: @thatstanishk;))

By Ron Bousso

HOUSTON, March 11 (Reuters) - India's largest privately owned oil and gas company Cairn India said it may invest in U.S. service and engineering companies as part of a $5 billion plan to grow output five-fold in the coming years, its chairman said on Tuesday.

"I want to spend $5 billion on developing my project to get to 500,000 barrels per day production," billionaire Anil Agarwal told Reuters in an interview.

Cairn, part of Vedanta Limited, produces 100,000 bpd today. It plans to drill several deepwater exploration wells next year.

Agarwal, speaking during a visit to Houston where he attended the CERAWeek conference, said Cairn seeks to work with 7 or 8 technical partners and buy 5 or 6 drilling rigs for the exploration and development of the offshore project.

"We are looking to develop 500 to 600 new wells, we would like at least 20 rigs to work in our field," Agarwal said.

"I can invest in the engineering company, the rig company, because that will help me to explore in India better," he said.

"I'd love American companies to come join hands and take up this project."

(Reporting by Ron Bousso; Editing by Simon Webb and David Gregorio)

(([email protected] +447887626565))

Feb 28 (Reuters) - Vedanta Ltd VDAN.NS:

• BALCO RECEIVES ORDER CONFIRMING PENALTY OF 2.2 MILLION RUPEES

Source text: ID:nBSE9JS9Mv

Further company coverage: VDAN.NS

(([email protected];;))

Feb 25 (Reuters) - VEDANTA LTD VDAN.NS CHAIRMAN:

• VEDANTA CHAIRMAN: CAIRN OIL & GAS COMMITS 500 BILLION RUPEES INVESTMENT FOR OIL EXPLORATION IN ASSAM

Source text: [ID:]

Further company coverage: VDAN.NS

(([email protected];))

Feb 21 (Reuters) - Vedanta Ltd VDAN.NS:

• COMPANY HAS BEEN DECLARED AS 'PREFERRED BIDDER' FOR THE KAUHARI DIAMOND BLOCK

• KAUHARI DIAMOND BLOCK IS AT G4 LEVEL OF EXPLORATION WITH TOTAL AREA OF 643.4169 HECTARES FOR BLOCK

Source text: ID:nnAZN3F6SBA

Further company coverage: VDAN.NS

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