Anil Agarwal

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Anil Agarwal - Total results - 122
Govt has no business to be in business; divest mining firms NMDC, HZL: Anil Agarwal to PM Modi
Business

Govt has no business to be in business; divest mining firms NMDC, HZL: Anil Agarwal to PM Modi

Agarwal, who was one of the three industrialists invited for a pre-Budget meeting that Narendra Modi had with over 40 economists and sectoral experts on 22 June, also said privatisation without job loss can help boost the economy

Vedanta Resources to challenge winding up of Zambian business in court
Business

Vedanta Resources to challenge winding up of Zambian business in court

Vedanta Resources on Tuesday plans to challenge the appointment of a provisional liquidator and the intended winding up of its Zambian business without the chance to be heard through lawyers of its choice, documents filed in court show

Narendra Modi's second term: Expect renewed vigour in economy with landmark reforms, says corporate India
Business

Narendra Modi's second term: Expect renewed vigour in economy with landmark reforms, says corporate India

The Prime Minister Narendra Modi-led government's new Cabinet will infuse renewed vigour in India's economy with landmark reforms on the back of a decisive mandate as the country aims to become a global economic powerhouse, India Inc said on Thursday

Corporate India welcomes Narendra Modi-led NDA's re-election; seeks more corrective measures to accelerate growth
Business

Corporate India welcomes Narendra Modi-led NDA's re-election; seeks more corrective measures to accelerate growth

Harsh Goenka, Chairman, RPG Enterprises, said that the election results show that PM Modi is India’s captain, as state after state shows thumping victories for the NDA.

Vedanta gets environment clearance for Rs 12,000 crore oil and gas expansion project in Rajasthan
Business

Vedanta gets environment clearance for Rs 12,000 crore oil and gas expansion project in Rajasthan

The proposal is to expand onshore oil and gas production from the existing 3,00,000 BOPD (barrels oil per day) to 4,00,000 BOPD

Vedanta names Ajay Kumar Dixit as CEO of oil and gas business to replace Sudhir Mathur
Business

Vedanta names Ajay Kumar Dixit as CEO of oil and gas business to replace Sudhir Mathur

Mining baron Anil Agarwal-led Vedanta on Tuesday announced the appointment of Ajay Kumar Dixit as the CEO of its oil and gas arm, Cairn, replacing Sudhir Mathur who has quit the company unexpectedly

Vedanta-led Cairn India CEO Sudhir Mathur, CFO Pankaj Kalra quit firm; Ajay Dixit will be interim chief
Business

Vedanta-led Cairn India CEO Sudhir Mathur, CFO Pankaj Kalra quit firm; Ajay Dixit will be interim chief

Cairn India chief executive Sudhir Mathur has resigned from the company, the fourth CEO to quit the firm since it was taken over by mining billionaire Anil Agarwal-led Vedanta Group seven years back

Govt again defers deadline for oil and gas exploration blocks bid under OALP by a month to 15 May
Business

Govt again defers deadline for oil and gas exploration blocks bid under OALP by a month to 15 May

in July 2017 allowed companies to carve out blocks of their choice with a view to bringing about 2.8 million sq km of unexplored area in the country under exploration.

Mining giant Vedanta appoints Ajay Kapur as chief executive officer of aluminium, power business
Business

Mining giant Vedanta appoints Ajay Kapur as chief executive officer of aluminium, power business

Kapur joins Vedanta from Ambuja Cements, where he was the managing director and CEO for its India business.

Vedanta says it incurs Rs 5 cr losses daily after permanent closure of copper smelter in Tamil Nadu
Business

Vedanta says it incurs Rs 5 cr losses daily after permanent closure of copper smelter in Tamil Nadu

Vedanta Group Chairman Anil Agarwal had said in July the company could face a loss of $100 million if the plant remained shut for a year

Vedanta to invest Rs 8,500 cr to expand mining operations in South Africa
Business

Vedanta to invest Rs 8,500 cr to expand mining operations in South Africa

Vedanta said it is confident that there is enormous potential for Indian and South African businesses to help meet demand, creating jobs and infrastructure in both countries.

'No immediate plans to retire, Vedanta needs my agression, risk-taking ability', says Anil Agarwal
Business

'No immediate plans to retire, Vedanta needs my agression, risk-taking ability', says Anil Agarwal

Agarwal has delisted his flagship Vedanta Resources from the London Stock Exchange (LSE) and is now concentrating on growing mineral mining and oil and gas businesses out of the India-listed firm, Vedanta Ltd.

Vedanta group plans to invest Rs 55,000-60,000 crore in India in three years; firm eyes to expand zinc business
Business

Vedanta group plans to invest Rs 55,000-60,000 crore in India in three years; firm eyes to expand zinc business

The Vedanta group chief said that the company was also looking to expand its zinc business in India and Africa to produce two million metric tons of zinc, said the report.

Govt to launch delayed second round of oil block auction today in a bid to raise domestic output
Business

Govt to launch delayed second round of oil block auction today in a bid to raise domestic output

Under this policy called open acreage licensing policy or OALP, companies are allowed to put in an expression of interest (EoI) for prospecting of oil and gas in any area that is presently not under any production or exploration licence.

Promoters of three major tech firms together gain Rs 20,000 cr in 3 yrs; Azim Premji leads with Rs 10,115 cr earnings
Business

Promoters of three major tech firms together gain Rs 20,000 cr in 3 yrs; Azim Premji leads with Rs 10,115 cr earnings

It is to be noted that share buybacks accounted for 56.5 percent of the tech firm promoters' cash earnings during the three-year period, said the report.

Vedanta to set up 4.5 million tonne steel plant in Jharkhand at an investment of around $4 bn; to create 1.2 lakh jobs
Business

Vedanta to set up 4.5 million tonne steel plant in Jharkhand at an investment of around $4 bn; to create 1.2 lakh jobs

The plant will be part of the company's newly-acquired Electrosteel Steels Ltd (ESL) at Bokaro, Vedanta Resources Chairman Anil Agarwal said

Cairn India to pay $0.1 million if it fails to meet exploration commitment in oil block
Business

Cairn India to pay $0.1 million if it fails to meet exploration commitment in oil block

Cairn India, which is now part of Vedanta Ltd, had earlier this year won 41 blocks of the 55 areas auctioned in the first bid round under the Open Acreage Licensing Policy (OALP)

Sterlite protests: NGT sets aside order shutting down Vedanta's plant in Tuticorin; Tamil Nadu govt to appeal in SC
India

Sterlite protests: NGT sets aside order shutting down Vedanta's plant in Tuticorin; Tamil Nadu govt to appeal in SC

The NGT's decision came months after the Sterlite copper smelter was ordered shut by Tamil Nadu over alleged pollution that led to violent protests in May, which culminated in police opening fire on demonstrators and killing 13.

Vedanta wants US oil services companies to set up consortia to help develop 41 blocks in India
Business

Vedanta wants US oil services companies to set up consortia to help develop 41 blocks in India

Vedanta Chairman Anil Agarwal and Cairn Chief Executive Sudhir Mathur met with executives from 70 services companies this week in Houston

Make in Odisha Conclave 2018: Vedanta plans to inject Rs 15000 cr to raise alumina refinery capacity
Business

Make in Odisha Conclave 2018: Vedanta plans to inject Rs 15000 cr to raise alumina refinery capacity

"Vedanta has already invested over Rs 50,000 crore in Odisha projects. Fresh investment of Rs 15,000 crore will be made in the next three years for the expansion of Lanjigarh refinery and strengthening of downstream sector," Agarwal said this while addressing the conclave and later interacting with journalists.