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DELEVERAGING IN MINING COMPANIES
Missed Vedanta's buy 1 get 4 offer? Which spun-off stock to buy after listing todayVedanta’s four demerged entities debuted on exchanges, with brokerages highlighting aluminium as the most attractive segment. Analysts cite...
Rs 5,750 crore Adani block deal: SBI Mutual Fund picks stake from GQGGQG Partners sold stakes in Adani Enterprises and Adani Energy Solutions worth about Rs 5,750 crore through block deals, with SBI Mutual Fu...
Vedanta demerger: How will the mega restructuring impact dividend payouts for shareholders?Vedanta has completed a major demerger, splitting into four new companies. Investors are now assessing how this restructuring will affect t...
Vedanta shares jump 2% to hit fresh 52-week high. What’s behind the surge?Vedanta shares hit a fresh record high after ICRA upgraded the company’s long-term credit rating to AA+ with a stable outlook, marking its ...
Buy, Sell or Hold: Morgan Stanley initiates coverage on Hindalco; Emkay Global downgrades Hitachi EnergyBrokerages show mixed views on metals, mining, and power equipment stocks. Morgan Stanley initiated coverage on Hindalco with an 'Overweigh...
S&P upgrades Vedanta Resources rating on stronger finances, demergerThe rating upgrade reflects the company's strengthening financial operations, improving cost structures, proactive refinancing and continue...
Ashok Kumar Panda takes charge as SAIL Chairman and MDAshok Kumar Panda is the new Chairman and Managing Director of SAIL. He previously served as Director (Finance) and Director (Commercial). ...
Vedanta dividend: How the mega demerger will impact payout for 21 lakh shareholders?Vedanta's mega demerger has spun off four new companies, impacting dividend payouts for its 21 lakh shareholders. While the parent company ...
Vedanta demerger done. Should investors buy or sell the stock now?Vedanta shares adjusted sharply post demerger, reflecting exclusion of four business units. While strong Q4 earnings and broker targets ind...
Vedanta announces demerger record date, shareholders to get 1:1 shares in new entitiesVedanta's board has approved May 1, 2026, as the effective and record date for its demerger. Shareholders will receive shares in newly carv...
PC Jeweller shares rise 3% on strong Q4 performance, expansion plansShares of PC Jeweller saw an uptick on Tuesday after a strong Q4 update, with standalone revenue up 32% YoY and FY26 revenue rising 49%. Du...
Fitch upgrades Vedanta Resources to BB-, outlook stableFitch Ratings has upgraded Vedanta Resources to 'BB-' from 'B+'. This marks the highest bond rating for the company in a decade. The upgrad...
Vedanta readies Rs 30,000-cr war chest to pursue further deleveraging, growthVedanta Ltd, led by Anil Agarwal, raised Rs 30,000 crore through various means, including a qualified institutional placement and an offer ...
Vedanta readies Rs 30,000-crore war chest to pursue further deleveraging, growthVedanta Ltd prepared a Rs 30,000 crore war chest from various funding sources to accelerate debt reduction and pursue growth. This includes...
FY25 to be transformative year, says Vedanta's Anil Agarwal"These include further deleveraging (parent) Vedanta Resources by USD 3 billion in the next 3 years and achieving an annual group EBITDA of...
Vedanta Resources cuts gross debt by USD 1 billionThe firm's gross debt now stands at USD 6.8 billion, down from USD 7.8 billion at the end of March 2023 and from USD 9.7 billion at the end...
JSPL stock may see re-rating after SC relief on Sarda oreJSPL announced that it has started transporting its iron ore from Sarda mines.
Essar Global repays all debt to Indian and foreign lendersIn the last two years the group has returned more than Rs 1,37,000 crore of borrowings, mostly to the Indian banking system.
Outlook for metals sector promising: Centrum ResearchFerrous consumables like electrodes and refractories indicated robust volumes and strong earnings growth driven by strong underlying demand...
Hindalco plans to prepay Rs 1,100 crore debt this monthThe company's overseas subsidiary Novelis also refinanced USD 4.3 billion of its long term debt. The annual cash interest expense stands re...