Nirman Share Brokers - Vedanta Share Price

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VEDANTA SHARE PRICE

Reliance Industries Limited is a Fortune Global 500 company and the largest private sector firm in India. In 2007 Vedanta Resources plc, a diversified metals and mining group listed on the London Stock Exchange, bought a majority stake of 51% in Mitsui & Co. Ltd. In June 2009, Vedanta and Dempo Group signed a definitive share purchase agreement under which Vedanta will acquire all remaining shares of Dempo Group from Vedanta for 100% of the shares in Dempo Mining Corporation Pvt. In the course of 2009-10, the company announced to launch a new integrated project to increase pig iron production capacity by constructing new blast furnaces with 450 cubic meters of working volume to 0.375 million tonnes per year (MTPA).

Vedanta Limited is one of the world's leading diversified commodity companies. Vedanta Resources Ltd is a resource company engaged in the exploration, production and processing of minerals, oil and gas resources. The Iron Ore Segment researches, extracts and processes iron ore, pig iron and metallurgical coke.

Founded in 1965, Vedanta Ltd is a large cap company ...
... with a market capitalization of 11,263,106 rupees and operates in diversified sectors. The company operates in India, South Africa, Namibia, Ireland and Australia.

Vedanta's shares extended their losses for the second year in row after the Madras Vedanta Supreme Court issued a notice of remediation of contaminated sites in the Tuticorin unit. Vedanta Ltd's last traded share price was $28,655, down 5.12% on the NSE.

The stock was dealt another blow when Anil Agarwal, who heads the listed Hindustan Zinc operation unit, postponed a Board meeting scheduled for August 17 to discuss an interim dividend. Vedanta shares reacted negatively, losing more than 12% in two sessions. Vedanta said in a filing with the Securities and Exchange Commission that the record date for the dividend will be September 9. This means that shareholders holding Vedanta shares on the reporting date will receive the dividend immediately.

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