Vedanta shares saw a sharp drop after turning ex-demerger, with price adjustment reflecting restructuring as investors track eligibility, new entities and future value unlocking potential.
JAL was admitted to the Corporate Insolvency Resolution Process (CIRP) in June 2024 after defaulting on loans worth over Rs. 57,000 crores.
Tweeting from his official X account, the Vedanta Chairman stated, “A major geopolitical shock in a resource-rich region, like the ongoing conflict in Iran, makes India vulnerable because of its huge import dependence on natural resources which lie below the ground”.
The company informed stock exchanges that its revenue jumped by 19% to Rs 45,899 crore in Q3FY26, as compared to Rs 16,742 crore in Q3FY25, due to higher LME volumes, premium and forex gains, as compared to its revenue of Rs 38,526 crore in the December 2024 quarter.
Prime Minister Narendra Modi on Thursday said the untimely passing of Agnivesh Agarwal, son of Vedanta Group Chairman Anil Agarwal, “is deeply shocking and saddening”.
The names of the five companies are Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Iron and Steel, Vedanta Limited.
Speaking at the inaugural session, Karan Adani, CEO of Adani Group, announced a massive Rs 7.5 lakh crore investment plan for Rajasthan.
During the meeting, Chairman Agarwal reiterated Vedanta Group’s unwavering commitment to Odisha's progress.
Announcing the names of recipients, Rajasthan Chief Minister Ashok Gehlot today told a press conference that these awards would be given to them on the occasion of Invest Rajasthan Summit slated to begin here on October 7-8.
The company has also created over 5 lakh livelihood opportunities and fostered hundreds of MSMEs in the state.
