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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 - 01/22
165.55 INR   -2.07%
01/22Asian ADRs Move Lower in Friday Trading
MT
01/22VEDANTA : Notice of Results 19 Jan
PU
01/20Asian ADRs Climb Higher in Wednesday Trading
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Zambia to appeal court ruling backing Vedanta in KCM mine dispute

11/26/2020 | 09:04am EST

LUSAKA (Reuters) - Zambia's state mining arm ZCCM-IH plans to appeal a court ruling in favour of Vedanta, which has sought arbitration in a dispute over its jointly owned copper mine that is facing liquidation, the mining minister said.

India-based Vedanta has been locked in a protracted dispute with the Zambian government since May 2019, when Lusaka appointed a liquidator for the mine.

"ZCCM-IH has already indicated that they are appealing because they are not happy with the court judgment," Mining Minister Richard Musukwa told parliament on Thursday.

Last week, a Zambian court ordered a halt to liquidation proceedings for Konkola Copper Mines (KCM) to allow Vedanta and ZCCM-IH, which owns 20% of the operation, to proceed to arbitration.

Potential buyers of KCM were awaiting a resolution to the dispute, Musukwa said, adding that steps taken by the government should not be "considered as nationalism".

"It is still the government's wish to find a new equity investor with technical and financial capacity to recapitalise the mine and operate it effectively," he said.

Vedanta was not immediately available for comment.

(Reporting by Chris Mfula; Writing by Zandi Shabalala; Editing by Edmund Blair)

By Chris Mfula


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
GOLD -0.79% 1854.8 Delayed Quote.-1.49%
SILVER -1.74% 25.4685 Delayed Quote.-1.58%
VEDANTA LIMITED -2.07% 165.55 End-of-day quote.2.57%
All news about VEDANTA LIMITED
01/22Asian ADRs Move Lower in Friday Trading
MT
01/22VEDANTA : Notice of Results 19 Jan
PU
01/20Asian ADRs Climb Higher in Wednesday Trading
MT
01/20VEDANTA : HZL Earnings Press Release Q3FY2020-21
PU
01/20VEDANTA : Intimation under Regulation 30(9) of Listing Regulations – HZL R..
PU
01/20VEDANTA : Intimation for Draft Letter of Offer for Voluntary Open Offer
PU
01/19Hedge fund Kyma Capital to take Vedanta dispute to U.S. regulators
RE
01/19REFILE-Vedanta Resources settles Zambia copper mine pollution claim
RE
01/17VEDANTA : Compliance under Reg 74(5) of SEBI DP Regulations, 2018 for quarter en..
PU
01/17VEDANTA : Audit Report for Reconciliation of Share Capital for quarter ended Dec..
PU
More news
Financials
Sales 2021 833 B 11 415 M 11 415 M
Net income 2021 68 659 M 941 M 941 M
Net Debt 2021 373 B 5 113 M 5 113 M
P/E ratio 2021 8,96x
Yield 2021 10,7%
Capitalization 613 B 8 401 M 8 402 M
EV / Sales 2021 1,18x
EV / Sales 2022 0,95x
Nbr of Employees 80 000
Free-Float 41,8%
Chart VEDANTA LIMITED
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Technical analysis trends VEDANTA LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 161,15 INR
Last Close Price 165,55 INR
Spread / Highest target 32,9%
Spread / Average Target -2,66%
Spread / Lowest Target -39,6%
EPS Revisions
Managers and Directors
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 LIMITED2.57%8 401
ANTOFAGASTA PLC4.44%20 266
FIRST QUANTUM MINERALS LTD.2.63%12 709
KGHM POLSKA MIEDZ S.A.2.65%10 078
JIANGXI COPPER COMPANY LIMITED17.57%9 706
KAZ MINERALS PLC15.06%4 902