Anil Agarwal

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Anil Agarwal - Total results - 122
Naveen Patnaik says Odisha emerging as manufacturing hub of east; urges industry captains to partake in growth
Business

Naveen Patnaik says Odisha emerging as manufacturing hub of east; urges industry captains to partake in growth

Patnaik urged FICCI to partner with Odisha's departments in successful implementation of the state's 'Vision 2025' for industrial development in six focus sectors.

Vedanta's Q2 net profit drops 34% to Rs 1,343 crore as finance cost spikes; net debt reduces by Rs 3,553 crore
Business

Vedanta's Q2 net profit drops 34% to Rs 1,343 crore as finance cost spikes; net debt reduces by Rs 3,553 crore

Vedanta had clocked a profit of Rs 2,045 crore during the corresponding quarter previous fiscal

Anil Agarwal indicates he is open to raising bid for Essar Steel, says Vedanta best suited to take over indebted firm
Business

Anil Agarwal indicates he is open to raising bid for Essar Steel, says Vedanta best suited to take over indebted firm

Anil Agarwal said Vedanta's Rs 35,000-36,000 crore offer in the first round of bidding for Essar Steel was the highest in the three-way race for Essar Steel that lenders are auctioning to recover about Rs 50,800 crore of overdue loans

Essar Steel insolvency: Second round bids put in by Numetal, ArcelorMittal and Vedanta to be opened today
Business

Essar Steel insolvency: Second round bids put in by Numetal, ArcelorMittal and Vedanta to be opened today

The Resolution Professional, overseeing the auction of Essar Steel to recover over Rs 49,000 crore of unpaid loans, sent emails to all the three bidders to be present on Monday

Anil Agarwal to take London-listed Vedanta Resources private on 1 October to 'simplify company’s structure'
Business

Anil Agarwal to take London-listed Vedanta Resources private on 1 October to 'simplify company’s structure'

The Volcan Investments trust, which held about two-thirds of Vedanta's London-listed arm before it announced a roughly $1 billion buyout offer in July, said holders of 26 percent of shares had agreed to sell.

Corporate India pays rich tribute to 'great economic reformer' Atal Bihari Vajpayee
Business

Corporate India pays rich tribute to 'great economic reformer' Atal Bihari Vajpayee

"All of us who knew Vajpayee are saddened to hear of his passing away. He was a great leader with a great sense of compassion and humour. He will be remembered fondly by a vast number of us," said Ratan Tata, Chairman, Tata Trusts.

Anil Agarwal-led Vedanta set to bag 40 oil blocks in country's maiden open acreage auction
Business

Anil Agarwal-led Vedanta set to bag 40 oil blocks in country's maiden open acreage auction

Increased exploration would lead to more oil and gas production, helping the government to cut import dependence.

Billionaire Anil Agarwal makes firm offer to delist Vedanta Resources from London Stock Exchange
Business

Billionaire Anil Agarwal makes firm offer to delist Vedanta Resources from London Stock Exchange

Vedanta, which owns copper, aluminium, iron ore, oil and steel businesses, was the first Indian firm to list on London Stock Exchange in 2003.

Vedanta will suffer loss of $100 million if Tuticorin copper smelter remains shut for a year, says Anil Agarwal
Business

Vedanta will suffer loss of $100 million if Tuticorin copper smelter remains shut for a year, says Anil Agarwal

Vedanta has sought a permanent injunction against the state government from interfering with the operations of its copper smelter

NCLAT reserves order on Numetal and ArcelorMittal pleas over debt-ridden Essar Steel bids
Business

NCLAT reserves order on Numetal and ArcelorMittal pleas over debt-ridden Essar Steel bids

Numetal's eligibility is linked to the shareholding of Arora Enterprises Ltd (AEL), (beneficially owned by Rewant Ruia) which has already exited from Numetal.

Essar Steel Insolvency case: Aurora Enterprises would have no control over firm, says Numetal to NCLAT
Business

Essar Steel Insolvency case: Aurora Enterprises would have no control over firm, says Numetal to NCLAT

NCLAT had earlier asked for confirmation that Rewant Ruia as a shareholder of Numetal through AEL does not have a business or financial relation with Ravi Ruia for the purposes of Numetal's bid.

NGOs planned closure of Tuticorin copper smelter, spread myths and wrong information: Sterlite CEO P Ramnath
Business

NGOs planned closure of Tuticorin copper smelter, spread myths and wrong information: Sterlite CEO P Ramnath

Ramnath said that statistics don't bear out "myths" like Tuticorin being cancer capital of Tamil Nadu and firm's factory the biggest polluter in the region

Essar Steel Insolvency case: NCLAT asks Rewant to file affidavit over his association with Ravi Ruia
Business

Essar Steel Insolvency case: NCLAT asks Rewant to file affidavit over his association with Ravi Ruia

The National Company Law Appellate Tribunal also declined to allow the requests of Committee of Creditors (COC) of Essar Steel to open the second round of bids.

Anil Agarwal says Vedanta, Anglo American could join hands to mine coal in India; billionaire optimistic about Tuticorin smelter
Business

Anil Agarwal says Vedanta, Anglo American could join hands to mine coal in India; billionaire optimistic about Tuticorin smelter

Vedanta will reportedly play the role of a "catalyst” if Anglo American decides to set foot on the Indian subcontinent.

Vedanta Resources delisting from LSE not related to Tuticorin incident, says Anil Agarwal
Business

Vedanta Resources delisting from LSE not related to Tuticorin incident, says Anil Agarwal

Mining mogul Anil Agarwal on Tuesday 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 to delist from London Stock Exchange; Anil Agarwal’s family trust to buy out 33% public shareholding
Business

Vedanta Resources to delist from London Stock Exchange; Anil Agarwal’s family trust to buy out 33% public shareholding

Vedanta Resources was the first Indian company to be listed on the London Stock Exchange in 2003

Sterlite protests: Vedanta chairman Anil Agarwal says his Tamil Nadu firm is open to scrutiny by any independent committee
Business

Sterlite protests: Vedanta chairman Anil Agarwal says his Tamil Nadu firm is open to scrutiny by any independent committee

Vendanta Resources boss Anil Agarwal says there's absolutely no liquid discharge from Sterlite Copper's Thoothukudi smelter.

Sterlite protests: Vedanta chairman Anil Agarwal terms deaths 'unfortunate,' says company strictly follows court, govt orders
India

Sterlite protests: Vedanta chairman Anil Agarwal terms deaths 'unfortunate,' says company strictly follows court, govt orders

Vedanta Chairman Anil Agarwal on Thursday described the loss of 13 lives as 'unfortunate' in violent protests demanding closure of a copper factory owned by group firm Sterlite Copper at Tuticorin in Tamil Nadu.

Vedanta Resources' operating profit up 27% to $4.1 bn in FY18 on higher output and increase in prices
Business

Vedanta Resources' operating profit up 27% to $4.1 bn in FY18 on higher output and increase in prices

Vedanta Resources on Wednesday reported a 27 percent surge in operating profit to $4.1 billion for 2017-18 on higher output and increase in prices.

NuMetal offers Rs 37,000 cr for Essar Steel, wants second round of bids opened; ArcelorMittal opposes move
Business

NuMetal offers Rs 37,000 cr for Essar Steel, wants second round of bids opened; ArcelorMittal opposes move

Both NuMetal and ArcelorMittal put in a second round of bids after the first bids were opined to be invalid