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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  Vedanta Limited    VEDL   INE205A01025

VEDANTA LIMITED

(VEDL)
  Report
End-of-day quote. End-of-day quote NSE India Stock Exchange - 11/26
118.8 INR   +4.16%
04:29aVEDANTA : Ranks Among Top Sustainable Companies
PU
11/26Zambia to appeal court ruling backing Vedanta in KCM mine row
RE
11/26Zambia to appeal court ruling backing Vedanta in KCM mine dispute
RE
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Vedanta wins Zambian appeal in Konkola Copper Mines case

11/20/2020 | 10:13am EST
FILE PHOTO: A man walks past the logo of Vedanta outside its headquarters in Mumbai

LUSAKA (Reuters) - A Zambian court on Friday ordered a halt to liquidation proceedings for Konkola Copper Mines (KCM) to allow owners Vedanta and ZCCM-IH to proceed to arbitration, the provisional liquidator said in a statement.

The ruling by the Court of Appeal represents a significant win for Vedanta, which is seeking the removal of the liquidator appointed by state mining investment firm ZCCM-IH - which owns 20% of KCM on the government's behalf - to run the company.

The India-based group has been locked in a dispute with the Zambian government since May last year, when Lusaka appointed the liquidator. Legal arguments over the case have been heard in both Zambia and South Africa.

Provisional liquidator Milingo Lungu said the court has not discharged him, and that he would continue to run the company.

A spokesman for Vedanta said: "Vedanta notes reports of the judgement from The Court of Appeal ruling in favour of Vedanta on all counts, with costs being awarded to Vedanta and with the winding up proceedings being stayed."

"Vedanta will review the full written judgement upon receipt."

(Reporting by Chris Mfula in Lusaka; Editing by David Goodman and Jan Harvey and Kirsten Donovan)

By Chris Mfula


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DOW JONES AFRICA TITANS 50 INDEX -1.06% 501.92 Delayed Quote.-5.57%
DOW JONES SOUTH AFRICA(ZAR) -0.64% 1728.26 Delayed Quote.-4.21%
GOLD -1.20% 1787.5 Delayed Quote.19.25%
S&P AFRICA 40 INDEX -0.87% 162.67 Delayed Quote.-5.02%
SILVER -2.21% 22.6785 Delayed Quote.30.14%
VEDANTA LIMITED 4.16% 118.8 End-of-day quote.-22.07%
All news about VEDANTA LIMITED
04:29aVEDANTA : Ranks Among Top Sustainable Companies
PU
11/26Zambia to appeal court ruling backing Vedanta in KCM mine row
RE
11/26Zambia to appeal court ruling backing Vedanta in KCM mine dispute
RE
11/24VEDANTA : Intimation of Investor Meet
PU
11/22Search for last miner trapped at S.Africa's Gamsberg goes on, mining halted
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11/20Vedanta wins Zambian appeal in Konkola Copper Mines case
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11/20Vedanta wins Zambian appeal in Konkola Copper Mines case
RE
11/19VEDANTA : Jharsuguda wins APEX India Platinum Award for Sustainability
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11/18South Africa's Gamsberg zinc mine shut during search for missing miners, Veda..
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11/18Zinc leaps on mine shutdown, tightening LME market
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More news
Financials
Sales 2021 801 B 10 837 M 10 837 M
Net income 2021 56 141 M 759 M 759 M
Net Debt 2021 377 B 5 094 M 5 094 M
P/E ratio 2021 8,08x
Yield 2021 14,7%
Capitalization 440 B 5 961 M 5 949 M
EV / Sales 2021 1,02x
EV / Sales 2022 0,79x
Nbr of Employees 80 000
Free-Float 48,2%
Chart VEDANTA LIMITED
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Technical analysis trends VEDANTA LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 123,53 INR
Last Close Price 118,80 INR
Spread / Highest target 43,9%
Spread / Average Target 3,98%
Spread / Lowest Target -25,1%
EPS Revisions
Managers
NameTitle
Sunil Duggal Chief Executive Officer
Anil Kumar Agarwal Non-Executive Chairman
G. R. Arun Kumar Chief Financial Officer & Director
Navin Kumar Agarwal Executive Vice Chairman
Krishnamurthi Venkataramanan Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
VEDANTA LIMITED-22.07%5 961
ANTOFAGASTA PLC32.58%16 053
FIRST QUANTUM MINERALS LTD.34.40%9 405
JIANGXI COPPER COMPANY LIMITED15.30%8 335
KGHM POLSKA MIEDZ S.A.62.90%8 124
YUNNAN COPPER CO., LTD.16.91%4 069