The Board of Vedanta at its meeting held on 08 November 2024 has approved expansion of smelter capacity and rolled products of its subsidiary, Bharat Aluminium Company as under: ' Earlier approved Smelter capacity enhancement of 414 KTPA now stands revised to 435 KTPA, with latest technology, consequentially enhancing Smelter capacity from 580 KTPA to 1015 KTPA. ' Addition of Wire Rod (50 KTPA) to improve wire rod capacity from 218 KTPA to 268 KTPA. ' Sow Ingot Capacity addition revised from 100 KTPA to 200 KTPA. ' Above improvements along with planned addition of Billet (420 KTPA), RP debottlenecking to reach 180 KTPA, PFA to 180 KTPA and infrastructure developments will be accomplished at a cost of Rs 11,816 crore. Economic benefits of these additions are expected to garner from FY2025-26. Funding will be done by Internal Accruals & Debt.Powered by Capital Market - Live

The Board of Vedanta at its meeting held on 08 November 2024 has approved the acquisition of 100% shares of Sterlite Iron and Steel Company (SISCOL), a wholly owned subsidiary of Vedanta Incorporated, by Sesa Resources (SRL) for Rs 1 lakh. Accordingly, SISCOL shall become a step-down subsidiary of Vedanta. Powered by Capital Market - Live

The Board of Vedanta at its meeting held on 08 November 2024 has approved Rs 5,209 crore capex (including Rs 565 crore of acquisition cost) for Athena Chhattisgarh Power Plant Project located in Sakti district, Chhattisgarh. The power plant consists of two 600 MW units with Unit #1 approximately 80% complete and Unit #2 at 20%. The first unit of power plant is scheduled to go operational in the first quarter of FY 2025-26 followed by the second unit in the third quarter of FY 2025-26. Capex will be spread over upcoming financial years and financed through a combination of internally generated funds and borrowed capital. The plant benefits from a strategic location near water and coal resources.Powered by Capital Market - Live

Net profit of Vedanta reported to Rs 4352.00 crore in the quarter ended September 2024 as against net loss of Rs 1783.00 crore during the previous quarter ended September 2023. Sales declined 3.57% to Rs 37171.00 crore in the quarter ended September 2024 as against Rs 38546.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales37171.0038546.00 -4 OPM %26.4429.78 - PBDT8461.009596.00 -12 PBT5765.006954.00 -17 NP4352.00-1783.00 LP Powered by Capital Market - Live

Revenue from operations jumped 10% YoY to Rs 37,171 crore in Q2 FY25, due to favourable output commodity prices, increased volume and premia. Profit before exceptional item and tax (PBIT) fell 17.1% YoY to Rs 5,765 crore in Q2 FY25. In Q2 FY25 exceptional gains stood at Rs 1,136 crore majorly due to impairment reversal in Oil & Gas business partly offset by impairment charge in ASI, and Cess in zinc & iron ore vide Supreme Court judgement to levy additional Cess on mineral-bearing land & mining rights. EBITDA increased by 44% YoY to Rs 10,364 crore in Q2 FY25, majorly due to favourable output commodity prices, structural cost saving initiatives and increased premia across businesses. EBITDA margin improved by 900 bps to 34% in Q2 FY25 as against 25% in same quarter last year. In Q2 FY25, depreciation & amortization Rs 2,696 crore increased 2% YoY mainly in Oil & Gas and increased capitalization at Aluminium. In Q2 FY25, investment income increased 28% to Rs 722 crore in Q2 FY25 as compared with Rs 566 crore in Q2 FY24. Arun Misra, executive director Vedanta, said, 'The second half of this year will be a transformative period with our major growth and integration projects coming online and ramping up. Through our structural interventions and initiatives, we have significantly reduced our cost of production over the past 12-15 months, and we will continue this trend in the coming quarters. As we move forward, operational excellence, sustained growth, and ESG leadership remain our strategic priorities. With a rich, diversified asset portfolio, a stronger balance sheet, and ongoing growth projects, we are well-positioned to deliver exceptional overall performance.' Ajay Goel, CFO, Vedanta, said, 'This has been an outstanding quarter, highlighted by significant progress in our corporate and strategic initiatives, strong financial results, and excellent operational performance. We delivered our highest-ever 1H EBITDA of Rs 20,639 crore, up 46% YoY1 , with a robust 34% EBITDA margin and PAT before exceptional items of Rs 4,467 crore, a 230% YoY1 increase. This strong performance is driven by cost efficiency, volume growth, and favourable commodity prices. Additionally, we raised $1.4 billion at Vedanta through a $1 billion QIP and a $400 million HZL OFS. At the same time, with the $1.2 billion VRL bond issuance and ongoing deleveraging, we have reduced Holdco. debt to $4.8 billion, the lowest level in a decade. This positions us well to generate lasting value for our stakeholders, both now and in the years to come.' Meanwhile, the company's board approved to acquire 100% stake in Sterlite Iron and Steel Company (SISCOL) for total consideration of Rs 1 lakh. SISCOL incorporated by Sesa Resources (SRL), SRL is an unlisted wholly owned subsidiary of Vedanta. Accordingly, SISCOL shall become a step-down subsidiary of Vedanta. The transaction is done at arm's length based on fair valuation carried out by independent Chartered Accountant. Further, the board approved the company's subsidiary, Bharat Aluminium Company (BALCO) to expand Smelter capacity by 435 KTPA, wired rod by 50 KTPA, Sow Ingot Capacity from 100 KTPA to 200 KTPA and billet by 420 KTPA. Furthermore, the firms board approved to Rs 5,209 crore capital expenditure (Capex) (including Rs 565 crore of acquisition cost) for Athena Chhattisgarh Power Plant Project located in Sakti district, Chhattisgarh. The power plant consists of two 600 MW units with unit 1 approximately 80% complete and unit 2 at 20%. The first unit of power plant is scheduled to go operational in the first quarter of FY 2025-26 followed by the second unit in the third quarter of FY 2025-26. Capex will be spread over upcoming financial years and financed through a combination of internally generated funds and borrowed capital. The plant benefits from a strategic location near water and coal resources. Vedanta, a subsidiary of Vedanta Resources, is one of the world's leading oil & gas and metals company with significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, and aluminium & power across India, South Africa and Namibia.Powered by Capital Market - Live

Vedanta will hold a meeting of the Board of Directors of the Company on 8 November 2024Powered by Capital Market - Live

Cairn Oil & Gas (part of Vedanta Group) has signed a Memorandum of Understanding (MoU) with United Nations Environment Programme's (UNEP) flagship methane reporting and mitigation initiative - Oil & Gas Methane Partnership (OGMP) 2.0, making it the first Oil & Gas producer in India to commit to effective reduction of methane emissions, further accelerating its efforts to decarbonise its operations. OGMP 2.0 established a comprehensive framework that includes best practices for emissions management and a robust reporting system. It emphasises accurate measurement, reporting, and verification (MRV) of methane emissions to drive reductions effectively. Under this MoU, Cairn will establish a 5-year methane reduction target and transparently report its progress to OGMP. This would enable Cairn to analyse its emission profiles and utilise the data to mitigate emissions cost-effectively. With this partnership, Cairn reaffirms its commitment to accelerate its efforts towards becoming Net Zero Carbon by 2030. OGMP 2.0 covers over 40% of global oil and gas production empowering companies to improve the quality and accuracy of emissions data for effective methane reduction.Powered by Capital Market - Live

Vedanta has cancelled the board meeting which was scheduled to be held on 9 October 2024.Powered by Capital Market - Live

The demand is in relation to pre import condition which was applicable for a limited period, on imports against advance authorization The company believes that there is a strong case of merit and law, more specifically due to the recent judicial pronouncements. The next course of action shall be decided in due course. The company does not reasonably expect the said order to have any material financial impact, operations or other activities of the company, stated in exchange filing. Vedanta, a subsidiary of Vedanta Resources, is one of the world's leading oil & gas and metals company with significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, and aluminium & power across India, South Africa and Namibia. The diversified metal company reported 54.02% increase in net profit to Rs 5,095 crore in Q1 FY25 as against Rs 3,308 crore in Q1 FY24. Revenue from operations grew by 5.68% YoY to Rs 35,239 crore in Q1 FY25. The scrip shed 0.29% to Rs 495.85 on the BSE.Powered by Capital Market - Live

Vedanta has revised the meeting of the Board of Directors which was scheduled to be held on 8 October 2024. The meeting will now be held on 9 October 2024.Powered by Capital Market - Live