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Tag: Vedanta

NGT slaps Rs 25 Cr fine on Vedanta's Odisha plant for green violations

The green court held the company accountable for the violation of a partly undertaken expansion without prior environmental clearance from the Ministry of Environment, Forest and Climate Change (MoEF&CC).

SC Allows Vedanta's Oxygen Plant At Tuticorin To Operate In View Of 'National Need'

New Delhi: The Supreme Court on Tuesday allowed Vedanta to operate its closed oxygen plant at Tuticorin in Tamil Nadu, saying the order has been passed in view of “national…

Coal Ministry Approves Allocation Of 5 Coal Mines Including 1 In Odisha

New Delhi: The Centre on Thursday approved the allocation of five coal blocks, including two to Birla Corporation and one to Vedanta, and said the mines will generate a revenue of Rs 17,136 crore for the government. For the first time, the successful bidders shall have the flexibility to sell 25 per cent of the […]

Govt To Lift Pricing Curbs On Domestically Produced Gas

New Delhi: In one of the last reforms in the oil and gas sector, the government is set to free up pricing of all domestically produced gas that would help scale up local production from fields of ONGC, OIL, Reliance and Vedanta and help create a uniform gas where the fuel is freely tradable on […]

Sensex opens over 200 pt higher; Nifty tops 11,600

Mumbai: Equity benchmark BSE Sensex jumped over 200 points in early session on Tuesday, driven by gains in index heavyweights RIL, Infosys, TCS and Maruti, amid positive domestic and global cues. Strong foreign fund inflow too buoyed market mood here, traders said. After hitting a high of 39,306.37 points, the 30-share index pared some gains […]

Sensex Tanks 383 Pts On F&O Expiry; Nifty Ends Below 11,000

Mumbai: Benchmark indices nursed losses for the second straight session on Thursday, dragged by heavy selling in banking and financial stocks, as August series derivatives expired amid tepid global cues. After a highly volatile session, the 30-share BSE Sensex ended 382.91 points, or 1.02 per cent, lower at 37,068.93. Similarly, the broader NSE Nifty shed […]

SC dismisses Vedanta's plea for access to copper smelting plant

New Delhi: The Supreme Court on Friday dismissed a plea by Vedanta seeking access to its Thoothukudi-located Sterlite Copper Smelting plant in Tamil Nadu to carry out maintenance work. Describing the plea as frivolous, a bench of Justice Rohinton Fali Nariman and Justice Justice Vineet Saran said that they were not here to control the High […]

Set-back for Vedanta, SC refuses re-opening of TN copper smelting plant

New Delhi: In a set-back to Vedanta, the Supreme Court on Monday refused to order the re-opening of its Sterlite Copper Smelting plant located in Tamil Nadu as it set-aside the National Green Tribunal’s (NGT) December 15 order on the grounds of jurisdiction. Setting aside the NGT order on maintainability, a bench of Justice Rohinton […]

Make aluminium the metal of choice for future: Mines Secretary

Bhubaneswar: Union Mines Secretary Anil Mukim on Thursday urged the stakeholders to work towards increasing the domestic consumption of aluminium in a sustainable manner and make it the metal of choice for the future. Addressing the International Conference on Aluminium (INCAL 2019) here, he stressed on value addition in the aluminium industry and encouraging the […]

Vedanta to set up 4.5-MT steel plant in Jharkhand

Kolkata: Natural resources major Vedanta Ltd on Tuesday said it will set up a new steel plant in Jharkhand with a capacity of 4.5 million tonne (MT) per annum at an investment of USD 3-4 billion. The plant will be part of the company’s newly-acquired Electrosteel Steels Ltd (ESL) at Bokaro, Vendanta Resources Chairman Anil […]

Dama accuses Odisha govt of showing undue favours to Vedanta

Bhubaneswar: Former Minister and senior leader Damodar Rout dropped a bombshell by accusing Odisha government of showing undue favours to Vedanta. He alleged that bauxite is being provided to the company at much lower price than the actual rate fixed by the Centre. Odisha government has allowed the owner of Vedanta, Anil Agarwal to plunder […]

Vedanta receives bauxite from Odisha for the first time

Lanjigarh: Encouraged by supply of bauxite from the state-owned Odisha Mining Corporation (OMC), the Vedanta Limited is optimistic about completion of its refinery expansion project. Though the aluminium major has been managing to run its 2 mtpa refinery since 2007 by importing bauxite from other states and abroad, the company for the first time received […]

Son arrested for killing father over family feud in Jharsuguda

Jharsuguda: A youth allegedly killed his father at Vedanta rehabilitation and resettlement (RR) colony over family feud on Saturday night. According to reports, the accused Bishikeshan Rohit Das stabbed his father Bhagban Rohit Das after an argument broke out between them yesterday. Though Bhagban was rushed to Jharsuguda district headquarters hospital following the incident, he […]

Odisha inks MoU with Vedanta to set up medical college

Bhubaneswar/Bhawanipatna: Odisha government on Tuesday signed a memorandum of understanding (MoU) with the Vedanta Foundation for establishment of a medical college and hospital in Bhawanipatna of Kalahandi district. The MoU was signed in presence of Chief Minister Naveen Patnaik and state Health and Family Welfare Minister Pratap Jena. Speaking on the occasion, Patnaik said that […]

Single window approval for Vedanta's Rs 1,240 cr expansion proposal

Bhubaneswar: An Odisha government panel on Thursday recommended final approval of Vedanta Ltd’s Rs 1,240 crore proposal to expand the capacity of its aluminium smelter unit in the state’s Jharsuguda from 1.6 to 1.8 million metric tonnes per annum (MMTPA), an official statement said. The 77th meeting of the State Level Single Window Clearance Authority […]

OMC to provide bauxite to Vedanta in Odisha

Bhubaneswar: The Odisha Cabinet on Wednesday amended a long-term linkage policy to facilitate Vedanta company to source bauxite from the Odisha Mining Corporation (OMC) to run a refinery and smelter plants in the state. “The Cabinet decision will enable Vedanta Limited, which has set up an alumina refinery and aluminium smelter in the state under […]

Shut Vedanta & stop construction of CRPF camps, demand Rayagada Adivasis

Rayagada:  With a number of demands like protection of Niyamgiri hills and shutting down of Vedanta company and the construction of CRPF camp in the area, hundreds of Adivasis took to the streets in a rally organised by Niyamgiri Suraksha Samiti and Samajwadi Jan Parishad here on Monday. As per reports, the rallyists moved around […]

Former Odisha Chief Secy BK Patnaik quits Vedanta

Bhubaneswar: Former Odisha Chief Secretary Bijay Kumar Patnaik today resigned from the post of the president of Vedanta University project. He reportedly forwarded his resignation letter to Anil Agarwal Foundation, a philanthropic unit set up by Vedanta Resources’ chairman Anil Agarwal. Patnaik had been appointed as the president of the proposed Vedanta University project on […]

Personal videos of lady engineer downloaded, blackmailers arrested

Jharsuguda: Badmal Police today arrested three persons for allegedly threatening and blackmailing a lady engineer, working in Vedanta here, by sending personal videos of her in WhatsApp. The arrested have been identified as Aman Mal, Ritesh Soni and Asish Jaiswal, all belonging to Jharsuguda. According to reports, the engineer had given her mobile to a […]

Vedanta's Anil Agarwal to buy larger stake in Anglo American

London: Mining major Vedanta on Thursday said its Chairman Anil Agarwal’s family trust Volcan Investments will increase its stake in British miner Anglo American. In a statement here, Vedanta said Volcan alone was increasing its stake to become the largest Anglo American shareholder with over 21 per cent holding. The acquisition of around 9 per […]

Breach in ash pond: Vedanta agrees to pay compensation & relocate villagers

Bhubaneswar/Jharsuguda: A few hours after the Odisha State Pollution Control Board (OSPCB) served a notice to Vedanta over a breach in ash pond, the company authorities agreed to pay compensation and relocate the villagers as per the Government guidelines. The decision was taken at a tripartite meeting at the District Collectorate in presence of local […]

Breach in ash pond: Pollution board issues show cause notice to Vedanta

Bhubaneswar: The Odisha State Pollution Control Board (OSPCB) today served a notice to Vedanta over a breach in ash pond during night hours on August 28. After the wall of the ash pond no. 2 of Vedanta aluminium plant collapsed, liquid ash inundated around 100 acres of paddy fields in Katikela village in Jharsuguda. Irate […]

Jharsuguda farmers demand early compensation after breach in ash pond

Jharsuguda: Demanding disbursal of adequate compensation for farmers in Katikela whose farmlands got damaged after a breach in the ash pond of Vedanta two days ago, locals today cautioned the company not to carry out any repair work without providing the ex-gratia. In a meeting presided by Jharsuguda collector Bibhuti Bhusan Patnaik and attended by […]

electricity hike
Odisha industries decry steep electricity duty hike for CPPs

Bhubaneswar: Industries in Odisha today decried the steep hike of 83 per cent in electricity duty for Captive Power Plants (CPPs) saying it will hamper investment and urged the state government for a roll back. Prominent industries including NALCO, JSPL, Vedanta, HINDALCO, PPL, MCL, JSL, IMFA, Nava Bharat, Tata Steel, Tata Iron and Sponge, FACOR […]

Niyamgiri - Anti-Vedanta protests
Anti-Vedanta protests rear head again

Lanjigarh: The anti-Vedanta protests reared head once again after the Niyamgiri Suraksha Samiti staged a demonstration in front of the company’s Lanjigarh plant. Hundreds of tribals along with members of various forums took out a rally and staged a dharna in front of the plant. According to sources, the protestors also tried to break the […]

Maoists protest Modi's Odisha visit through fresh posters

Rayagada: Nearly a week after suspected Maoists attacked Doikalu railway station in the district and left behind posters protesting the proposed visit of Prime Minister Narendra Modi to the state, the left wing extremists today once again issued fresh warnings to the people, especially tribals of Rayagada and neighbouring districts, through posters to oppose the […]

Vendanta Aluminium
NGT orders govt agencies to file affidavits on Vedanta construction

Bhubaneswar: Alleged unauthorised use of forest land for industrial use by mining conglomerate Vedanta in Odisha’s Jharsuguda district has come under judicial scrutiny. Acting on a petition by a forest protection body Non-Violence Again, the National Green Tribunal (Eastern Zone Branch) Kolkata has directed both the Union and State government agencies to furnish affidavit putting […]

Vedanta hopeful of Puri varsity

Bhubaneswar: In the wake of Supreme Court (SC) expressed desire to monitor the setting up an international university by Vedanta Group in Puri to ensure that the land is not used for “commercial purposes”, chief of the company Anil Agarwal on Thursday said he was hopeful of the project. “We will definitely go ahead with […]

Vedanta Entry Tax row: SC ruling in favour of State

Bhubaneswar: The Odisha government is expected to get about Rs 1,500 crore pending entry tax and interest thereon after a nine-judge bench of Supreme Court ordered the State is competent to levy entry tax while hearing the Vedanta entry tax case, said the State’s Finance Minister Pradip Amat today. The division bench of the Supreme […]

Vedanta to get bauxite from Kodingamali mines

Bhubaneswar: Mines minister Prafulla Mallick on Wednesday said the Odisha government has decided to provide bauxite to Vedanta’s Lanjigarh alumina factory from the Kodingamali mines in Koraput through Odisha Mining Corporation (OMC). Briefing newsmen here today, the Mines minister, said, “OMC has got the mining lease of Kodingamali mines located in Koraput. We will provide […]

Vedanta seeks quick supply of raw material in Odisha

With plans to raise alumina production at its Lanjigarh refinery in Kalahandi district by 50 per cent, bauxite starved Vedanta today sought quick steps for raw material supply from within the state

Congress smells Centre-State deal over Niyamgiri mines

Bhubaneswar: Soon after the Supreme Court constituted a 3-judge bench to hear the petition filed by the Odisha government seeking review of apex court’s decision to uphold restrictions on mining of bauxite in the Niyamgiri hills, the Congress has alleged the State and Central government are working hand in gloves to give away mining rights […]

3-judge SC bench to hear Odisha plea for mining in Niyamgiri

A two-judge bench of the Supreme Court on Friday recommended to the Chief Justice of the apex court formation of a three-judge bench to hear the petition filed by the Odisha government seeking review of the 2013 SC decision upholding the resolution passed by 12 gram sabhas not to allow mining of bauxite in the Niyamgiri hills

Iron ore only blot on Vedanta's metal production performance'

Panaji: Iron ore was the only blip on Vedanta Ltd’s performance as far as metals are concerned but company chairman Naveen Agarwal expressed confidence in future prospects of copper, zinc, lead and aluminium production. Speaking during Vedanta’s annual general meeting of Vedanta Limited here Saturday, Agarwal said that the company was well poised to capitalise […]

Vedanta looks to consolidate corporate structure

New Delhi: Natural resources major Vedanta yesterday said that the company’s strategy going ahead is to “simplify and consolidate” its corporate structure. “Company’s stated strategy is to simplify and consolidate its corporate structure. Management reviews options to deliver this strategy on an on-going basis,” Vedanta said in a stock exchange filing. Vedanta would “abide by […]

Vedanta optimistic of L&T mines support

London-listed Vedanta Resources, the diversified mining and metals major, expects that two bauxite deposits, Kutrumali and Sijimali in southern Odisha with an estimated combined reserve of 300 million tonne, will come to the rescue of the bauxite-starved company under the amended Mines and Minerals (Development and Regulation) Act, 2015

Former chief secy Bijay Patnaik joins Vedanta

Bhubaneswar: In a development that may rekindle the debate over top bureaucrats taking up corporate assignments after retirement, former Odisha chief secretary Bijay Kumar Patnaik today joined Vedanta group as the president of its university project. Recently, Patnaik had resigned as a member of Odisha Human Rights Commission (OHRC). According to sources, he will lead […]

Vedanta raises nutritional supplement worth Rs 2.95 cr in MDM

Bhubaneswar: As a part of its CSR programme, Vedanta has come forward to enhance nutritional supplements in mid-day meals (MDMs) of 66,500 children in government and government-aided schools under Berhampur Municipality, Chattrapur and Hinjlicut blocks of Odisha’s Ganjam district. A memorandum of understanding has been signed to this effect with Manna Trust, which is in […]

Vedanta puts Lanjigarh alumina refinery expansion on hold

Vedanta Resources has put on hold a five-fold expansion plan of its Lanjigarh refinery in Odisha even as it is mulling sourcing bauxite from other sources away from Niyamgiri Hills to feed existing and future operations

mines minister
Odisha to give bauxite to Vedanta: Mines Minister

An Odisha minister on Saturday said that rejection of the mining proposal on Niyamgiri hills was 'unfortunate' and steps would be taken to alternatively source bauxite for Vedanta's refinery