High costs limit Sterlite net rise to 5%
Economic times .com reports that Sterlite (NYSE:SLT, BOM:500900), a subsidiary of Vedanta Industries, announced that Q2 net profits were less substantial because of high operating costs.
Articles Tagged "vedanta"
Galvanizing African and Irish Zinc Resources
The world's largest zinc producer, India-focused mining group Vedanta Resources solidified its top position on May 10 announcing the purchase of Anglo American's zinc assets in Africa and Ireland. Obtaining 11 percent of global zinc production by increasing its capacity by 37 percent, the company expects to make a positive return on its investment within 3 years.
Hindustan Zinc Q1 Net Dipped 15% on Weak Metal Prices
Hindustan Zinc, part of Vedanta Resources, on Wednesday declared that its first quarter net slipped 15.2% due to a sharp fall in metal prices on the London Metal Exchange. For full story, click here
Sterlite Profit plunged 42% on Lower Zinc Prices
Sterlite Industries Ltd, a subsidiary of Anil Agarwal promoted Vedanta Resources plc, on Wednesday declared a dip in net profit by 41.56%, largely on account of lower zinc prices. For full story, click here
Hind Zinc Q1 net dipped 15% on Weak Metal Prices
Hindustan Zinc, part of Vedanta Resources, on Wednesday declared that its first quarter Net Profit slipped 15.2% due to a sharp fall in metal prices on London Metal Exchange. For full story, click here
Vedanta has planned to Invest $2 bln in Assets
India-focused mining firm Vedanta Resources Plc. hopes to purchase the government’s residual stake in Bharat Aluminium Co. Ltd and Hindustan Zinc Ltd by the end of the year, as per Anil Agarwal, chairman of the London-listed firm. For full story, click here
Vedanta e auction to be held on May 26th to May 28th
Hindustan Zinc Limited, the operating company of Vedanta in Zinc & Lead business is on its path to further expand or debottleneck its mining and smelting capacities and is interested to sell Metal Residue, Silver Rich Low Grade Lead Concentrate, Aluminum & Metal Scrap, Other Scrap and Allen DG Set, Dumpers, BEML-Excavator, Drill Machine, Fork [...]
Vedanta Resources purchased 9.5% stake in Hudbay Minerals
Vedanta Resources has purchased a 9.5% equity stake in Canada’s Hudbay Minerals for an undisclosed amount. The equity stake was bought by Vedanta’s unlisted unit Lakomasko BV, which is based in Amsterdam. Vedanta spokesman Robin Walker stated: They do control that stake. It Lakomasko is an organisation that is controlled by Vedanta Resources. For full [...]
Vedanta Resources reported a rise in zinc output
Vedanta Resources reported a rise in the production of zinc in the fourth quarter of the 2008-09 financial year. For full story, click here
Hindustan Zinc has ranked 2nd by Hewitt Study 2009
Hindustan Zinc, a company of Vedanta Resource group in Zinc-Lead business has been ranked 2nd in the top 25 companies in the Hewitt Best Employers Study 2009. For full story, click here
