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›Vedanta to clock a profit of $7 bn in FY 22, plans Capex of $5 bn for 3 years Vedanta to clock a profit of $7 bn in FY 22, plans Capex of $5 bn for 3 years SECTIONS Vedanta to clock a profit of $7 bn in FY 22, plans Capex of $5 bn for 3 yearsBy Share Synopsis “We will be generating about $7 billion profits this year. We will have a planned Capex programme for the next three years at around $5 billion which will be a good allocation in each sector,” said Vedanta’s chairman, Anil Agarwal in a media event on Thursday. Vedanta is looking at about 15% growth year-on-year in each of its businesses and has planned a Capex programme of $5billion which will be spent in 3 years time. ....
Vedanta Group to invest Rs 5,000 crore on social impact programmes indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Vedanta to set up Aluminium Park in Odisha with an investment of Rs 10,000 crore SECTIONS Vedanta to set up Aluminium Park in Odisha with an investment of Rs 10,000 croreBy Share Synopsis The facility will benefit small and medium downstream enterprises, which can set up their manufacturing units and draw hot metal from Vedanta’s aluminium smelter in Jharsuguda to make their end-products. Getty Images Vedanta Ltd. plans to invest Rs 10,000 crore in setting up an aluminium park in Odisha to facilitate companies that use the metal to set up their manufacturing units in the facility. “This aluminium park is along the lines of major industrial towns in other parts of India. It will generate additional livelihood for more than 1 lakh people and will touch the lives of more than 4 lakh,” the Anil Agarwal-led company said in a statement on Thursday. ....
Supreme Court allows Vedanta to produce O2 at TN plant SECTIONS Share Synopsis The Supreme Court on Tuesday allowed Anil Agarwal-led Vedanta Ltd to produce medical oxygen at its shuttered copper smelter in Tamil Nadu, as the surge in Covid-19 infections overwhelms hospitals and leads to shortage of the life-saving gas. SC allows Vedanta s Tuticorin plant to operate to produce only Oxygen in view of national need The Supreme Court on Tuesday allowed Anil Agarwal-led Vedanta Ltd to produce medical oxygen at its shuttered copper smelter in Tamil Nadu, as the surge in Covid-19 infections overwhelms hospitals and leads to shortage of the life-saving gas. ....