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ONGC, Oil India And Vedanta In Focus As India Cuts Onshore Crude Oil Royalty Rates
The government has reduced onshore crude oil royalty rates for nominated blocks and pre-NELP Production Sharing Contracts from 20% to 12.5%. Meanwhile, the royalty rate on New Well Gas has been reduced from 10% to 9%.
Market Trading Guide: Buy Hindustan Zinc and Vedanta on Thursday for gains up to 9%
Domestic stock markets ended with strong gains on Wednesday as oil prices slipped below the $100 a barrel mark while news of a likely trade deal between the US and India lifted sentiments.
As Vedanta Group posts record FY26 earnings, Chairman Anil Agarwal lays out vision for a ‘very exciting new chapter’
Vedanta Group reported a record profit of ₹25,096 crore in FY26, driven by a revenue of ₹1,74,075 crore. The company plans a demerger to create sector-focused entities, enhancing growth strategies and financial flexibility, with significant investments in aluminium, oil, and power sectors.
Top Gainers and Losers on April 30: Vedanta, Waaree Energies, Eternal, Adani Energy, Ceat, among top losers
The Indian stock market declined in April's final session due to rising crude oil prices and a weak rupee, with the Nifty 50 down 0.73% and the Sensex 0.78%. Both indices recorded over 7% gains for the month, while the rupee hit a record low against the dollar.
Vedanta's 65% share price crash an illusion, the stock is down just 5%. Here's why
Vedanta shares adjusted significantly post-demerger, appearing to crash but actually declining 5% as four entities (Aluminium, Power, Oil & Gas, Steel) were separated. This restructuring aims to unlock shareholder value by allowing independent businesses to be valued more fairly. The demerger, approved by NCLT, sees the base metals business remain with a restructured Vedanta, while new entities will list separately.
Vedanta demerger record date falls on a stock market holiday — When should you buy to be eligible for spin-off benefit?
Vedanta will demerge its businesses into aluminium, merchant power, oil and gas and iron ore verticals into separate listed entities. As part of the spin-off, each shareholder will be allotted shares in the ratio of 1:1 for each demerged entity.
Vedanta Demerger — Here's what is in store for nearly 21 lakh retail shareholders
Vedanta has the largest aluminium capacity in India which is more than 2.5 MT and is headed towards 3 MT. Therefore, the company gains on the volumes front but what also helps is that they have focused on backward integration, with their alumina capacity moving to 5 MT while captive coal is also expected to ramp up drastically.
Mayuresh Joshi bullish on Vedanta, NLC India; sees ONGC benefiting from tight oil supply
Mayuresh Joshi, Director Research at Marketsmith India, said Vedanta’s business segments could deliver steady performance as structural drivers remain intact. He highlighted improving margins and capacity expansion in the power space, while noting mixed signals in copper due to softer numbers. Joshi added that constrained crude supply may support upstream companies’ realisations in the near term. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Stocks to Watch for April 15: Vedanta, ICICI Prudential, LIC, LG Electronics India and more
From ICICI Prudential AMC and Just Dial reacting to their quarterly results to LG Electronics India and Bharat Coking Coal seeing their respective shareholder lock-in ending, these are the important stocks that should be on your radar for Wednesday's trading session.
Vedanta FY26 output hits record highs in Aluminium, Zinc; Hydrocarbon output slips
Vedanta Limited reported record FY26 production across aluminium, alumina and zinc, with alumina output surging 48% and mined metal at Zinc India hitting an all-time high. Power sales and copper output also posted strong growth. However, oil and gas production declined 16% year-on-year, weighing on overall performance.
Stocks in news: Nazara Technologies, IndiGo, Hindustan Zinc, NTPC Green, RIL
Indian markets saw a strong rebound on Tuesday, recovering some losses. Global cues improved and crude oil price worries eased. Several companies are in focus today. Nazara Technologies saw a significant block deal. IndiGo's CEO stepped down. RIL is boosting LPG production. Vedanta calls for unlocking domestic resources. NTPC Green Energy added new solar capacity.
Vedanta chairman Anil Agarwal pushes for unlocking domestic natural resource potential amid West Asia crisis
Highlighting how global conflicts can directly impact countries dependent on imports, Agarwal said India must reduce its reliance on overseas resources and build self-sufficiency by enabling domestic production.