Vedanta and Foxconn in September 2022 signed a Memorandum of Understanding (MoU) with the Gujarat government to invest Rs 1,54,000 crore in the state.
Vedanta-Foxconn plant: Addressing a press conference here, Thackeray rued the political situation in the state over the last few years and said it was tough to understand or guess who would ally with whom to form a government.
Vedanta-Foxconn Plant: The Opposition parties have sought to corner the Eknath Shinde-Bharatiya Janata Party (BJP) government following the announcement two days ago that the Rs 1.54 lakh crore semiconductor plant would be set up in neighbouring Gujarat and not in Maharashtra as proposed earlier.
India's first chip factory: The 60:40 joint venture of Vedanta-Foxconn will set up a semiconductor fab unit, a display fab unit, and a semiconductor assembling and testing unit on a 1000-acre land in the Ahmedabad district.
Vedanta Dividend News, Vedanta Dividend 2021 Record Date, Vedanta Share Price NSE: Vedanta has announced that it will pay an interim dividend of Rs 18.50 per equity share. Vedanta dividend record date is September 9.
Vedanta Dividend News: Vedanta Ltd Board will meet on September 1 to consider the first interim dividend for 2021-22.
The development assumes significance in the wake of surge in COVID-19 cases in the country.
The decision was taken during an all-party meeting convened by Tamil Nadu Chief Minister K Palaniswami, news agency PTI reported.
Vedanta Resources Limited executive chairman Anil Agarwal has said that BHEL can produce best power plants in the world if its provided with full autonomy in order to cut dependency on China and move forward towards Atmanirbhar Bharat.
Billionaire Anil Agarwal on Tuesday announced plans to delist his Indian flagship Vedanta Ltd by buying out nearly 49 per cent of public shareholding at Rs 87.5 apiece. Vedanta Ltd, whose shares have fallen more than 40 per cent this year, houses commodity as well as oil and gas business.
Moody's Investors Service on Tuesday said it has downgraded Vedanta Resources Limited's (Vedanta) corporate family rating (CFR). The rating was downgraded to B1 from Ba3.
The protesters, mostly people from nearby villages, had gathered outside the Vedanta plant to demand employment. At least 30 people were also reported to be injured in the incident.
The plant was shut down permanently on May 28, 2018, when the state government had ordered the Tamil Nadu Pollution Control Board (TNPCB) to seal and "permanently" close the plant in the wake of protests over pollution concerns.
Vedanta would initially invest about USD 300 million to augment capacity of ESL to 2.5 MT from the existing 1.5 MT.
The order was passed by the tribunal after a three-member committee constituted by the NGT to look into the allegations of environmental pollution against the mining giant.
Earlier in April, the Tamil Nadu Pollution Control Board had rejected Sterlite's plea to renew the Consent To Operate certification, saying the company had not complied with the stipulated conditions.
The high court on Tuesday had ordered the CBI to probe the incident of police firing in Tamil Nadu's Tuticorin on May 22.
The tribunal had observed that environmental damage will not be caused by allowing Vedanta the access to the administrative unit inside its Sterlite copper plant.
The Supreme Court had then ordered the company to pay Rs 100 crore as compensation for polluting environment. Following the latest protests and police firing, the plant was closed on March 27.
Violent protests erupted in Tuticorin on May 22 as locals took to the streets demanding the closure of a copper factory of the Vedanta group over pollution concerns, leading to police firing.
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