Market News

Vedanta secures highest credit rating in over decade following ICRA Upgrade

Vedanta Group achieved its highest domestic credit rating in over a decade. ICRA upgraded key group entities, Vedanta Ltd and Vedanta Aluminium Metal Ltd, to AA+ with a stable outlook. This upgrade reflects strong operational performance and a robust financial profile. The rating signifies high safety for financial obligations and very low credit risk.

Vedanta shares jump 2% to hit fresh 52-week high. What’s behind the surge?

Vedanta shares hit a fresh record high after ICRA upgraded the company’s long-term credit rating to AA+ with a stable outlook, marking its highest domestic rating in over a decade. The upgrade reflects stronger profitability, improving leverage metrics and expectations of continued healthy cash flow generation following the group’s ongoing demerger process.

Vedanta share price hits record high after ICRA credit rating upgrade

Vedanta share price rose over 1% following the announcement of its highest domestic credit rating in over a decade. ICRA upgraded the long-term ratings of Vedanta Group entities to AA+ with a Stable outlook, reaffirming the short-term rating at A1+.

Global power equations to shift further towards energy, critical minerals: Former Vedanta Group CEO

Global power is shifting towards energy security and resource control. Geopolitical tensions are reshaping industrial supply chains. Critical minerals are becoming as vital as oil was. Countries controlling these resources will gain leverage. India must accelerate domestic exploration and build processing ecosystems. Future economic strength depends on securing energy and critical minerals.

Top Gainers & Losers on May 26: Adani Total Gas, Tejas Networks, Paytm, Ather Energy, Vedanta among top gainers - Mint

Top Gainers & Losers on May 26: Adani Total Gas, Tejas Networks, Paytm, Ather Energy, Vedanta among top gainersMint

Vedanta Ltd soars 3.95%

Vedanta Ltd is quoting at Rs 345.65, up 3.95% on the day as on 12:49 IST on the NSE. The stock is up 106.17% in last one year as compared to a 3.34% drop in NIFTY and a 44.84% drop in the Nifty Metal index.

Vedanta, MCX, among 10 stocks that saw highest increase in retail shareholding in Q4. Do you own any?

Vedanta arm Talwandi Sabo Power faces Rs 127 crore penalty

Vedanta's subsidiary, Talwandi Sabo Power Ltd, must pay approximately Rs 127 crore plus late payment surcharge to Punjab State Power Corporation Ltd. The Supreme Court upheld a penalty for misdeclaration of availability in January 2017. This power plant is crucial for Punjab's energy needs. The judgment restores an earlier order from the state regulator.

Vedanta Resources looking to rejig $5.5 bn holdco debt in one go

Anil Agarwal's Vedanta Resources Ltd is in talks with global banks to refinance its $5.25-5.5 billion debt. The company aims to raise $3.5-3.7 billion through 10-year bonds and $1.5-1.7 billion via five-year loans. This move seeks to better align debt repayments with dividend inflows from its operating companies.

Vedanta Arm To Pay Rs 127-Crore Penalty As Supreme Court Rules In Favour Of Punjab State Power Corp

Vedanta further noted that TSPL's equity shares are currently in the process of being listed on the BSE and NSE.

Vedanta says Supreme Court upholds ₹127 crore penalty against Talwandi Sabo Power

Shares of Vedanta Ltd ended at ₹329.75, down by ₹4.10, or 1.23%, on the BSE.

JPMorgan picks Vedanta, Polycab among 30 stocks across 5 sectors; check full list

JPMorgan's latest report indicates that most Nifty companies exceeded Q4 expectations, but FY27 earnings may face pressure from rising input costs and currency depreciation.