Vedanta opposed in the National Green Tribunal a plea by the MDMK general secretary Vaiko to be impleaded in the case.
Lenders to Essar Steel today urged the NCLAT to complete its insolvency resolution process in "quick" time, saying the debt-ridden company is incurring a daily loss of Rs 17 crore.
Electrosteel Steels said NSE has imposed a penalty of over Rs 1 cr on the company for non-compliance of filing its financial results for the qtr ended on Mar 31, 2018.
Mining mogul Anil Agarwal's plan to delist Vedanta Resources from the London Stock Exchange will not immediately affect the company's credit profile or rating, Moody's Investors Service said.
The National Green Tribunal will tomorrow hear a plea moved by metals and mining giant Vedanta Ltd challenging the Tamil Nadu government's order to permanently close the Sterlite copper plant at Tuticorin.
Shares of Vedanta fell by nearly 4 per cent today after promoter Anil Agarwal unveiled his plan to delist his flagship Vedanta Resources Plc from the London Stock Exchange.
Mining mogul Anil Agarwal today said his plan to delist his flagship Vedanta Resources Plc from London Stock Exchange and take it private is no way linked to the Tuticorin incident and is merely an exercise to simplify a sprawling business empire.
Vedanta Resources said chairman Anil Agarwal’s family trust has agreed to buy the rest of Vedanta in a deal that values the mining conglomerate at 2.3 bn pounds.
The impact of Vedanta's copper complex shutdown in Tuticorin is expected to be higher in the domestic market, which may slip into a deficit from a surplus situation, a report said.
Vedanta Ltd said it plans to raise up to Rs 1,500 crore through issuance of non-convertible debentures (NCDs).