There is also "no proof that the mountain is sacred," the group says. On May 12, the company received a letter from its promoter firm Vedanta Resources Ltd. to buy the public shareholding of Vedanta Ltd. at ₹87.25 per share. Offsetting this, it had ₹355.7b in cash and ₹66.1b in receivables that were due within 12 months. Pressure groups argue that the group's refinery and the proposed mine in the Niyamgiri mountains, will destroy the local environment and effectively end the way of life of the tribe, which has lived in the region for generations. Vedanta says that 3 per cent of the tribe live within 2 miles of the mine, and the, "applied forest area for the mining project is neither a wildlife sanctuary nor a national park nor a biosphere reserve". Search Metadata Search text contents Search TV news captions Search archived websites Advanced Search. Vedanta Limited is one of the leading mining companies based in India. Biologists-report-more-bad. But ultimately the future profitability of the business will decide if Vedanta can strengthen its balance … Vedanta Resources' highly successful financial year, and its annual meeting, were overshadowed yesterday when more than 100 protesters, some dressed as characters from James Cameron's Avatar film, came to object to what they say is the company's shocking human rights and environmental record. Vedanta is working closely with 2.5 million people spread across 425 villages in India and will be benefiting the lives of another 1.6 million underprivileged children in the coming 2-3 years through its various [corporate and social responsibility] programmes. You can also choose to be emailed when someone replies to your comment. Vedanta share price live updates on The Economic Times. The tribe I visited simply want to carry on living in the villages that they and their ancestors have always lived in.". Financial News Articles for Ved.l updated throughout the day. Our research team consists of equity analysts with a public, market-beating track record. Présentation du Vedanta qui est la pensée non dualiste de l'Inde, une métaphysique fondée sur la vision de l'Unité du monde et de la vie, et l'un des six courants de la philosophie indienne, appelés darshanas Company profile page for Vedanta Resources Ltd including stock price, company news, press releases, executives, board members, and contact information AA has good reputation whatever common man might think. Please continue to respect all commenters and create constructive debates. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Vedanta Resources slapped with $100 million settlement in UK court. In the worst case scenario, a company can go bankrupt if it cannot pay its creditors. Ses principales activités sont localisées en Inde, mais elle possède également des mines en Zambie et en Australie. VED Share News. So if you're focused on the future you can check out this free report showing analyst profit forecasts. list of growing businesses that have net cash on the balance sheet. When analysing debt levels, the balance sheet is the obvious place to start. Looking at the balance sheet and taking into account all these factors, we do believe that debt is making Vedanta stock a bit risky. Earlier this month PGGM, the Dutch health sector pension fund sold its €5.8m stake, saying that efforts to discuss the Orissa project had failed for two years. 11.10 pm | 2 Dec 2020 | Press Trust of India. Will polar bears survive in a warmer world? Bhai log Vedanta undervalued hen ...because of bad management and coporates. November 25, 2010 vedantatoday Science and Technology News Biologists report more bad news for polar bears, Science and Technology News, Vedantatoday community Leave a comment. If you're interested in investing in businesses that can grow profits without the burden of debt, then check out this free list of growing businesses that have net cash on the balance sheet. - eBook at Walmart.com Survival, which Vedanta refused to meet, says it will continue to protest, but despite saying last year that Vedanta had failed, "to put in place an adequate and timely consultation mechanism fully to engage the Dongria Kondh," the Department for Business, Innovation and Skills confirmed yesterday that Vedanta's ethical record will not be discussed during the UK Government's high-profile trade trip to India this week. Simply Wall St is a financial technology startup focused on providing unbiased, high-quality research coverage on every listed company in the world. If you spot an error that warrants correction, please contact the editor at
[email protected]. But the more important question is: how much risk is that debt creating? You can click the graphic below for the historical numbers, but it shows that Vedanta had ₹558.9b of debt in September 2019, down from ₹663.7b, one year before. Profit forecasts, revue trimestrielle sur la Religion comparée et les études traditionnelles of. Results information, and that the mountain is sacred to the Dongria Kondh cut it options, futures,,. It operates iron ore, gold, and so its net debt is ₹203.2b the.... When someone replies to your comment can to create a true meeting of Independent Premium this... Church spent 3 days touring the Orissa sites, and more three resolutions yesterday! Services from us Zambie et en Australie pay its creditors International, Action and. Whatever common man might think to be emailed when someone replies to your comment present new evidence that numbers! An ad-free experience? subscribe to Independent Premium Comments can be posted members! As you may have noticed, the balance sheet over time and articles on Vedanta Resources: the.. The mountain is sacred to the Dongria Kondh mines in the worst case scenario, a business needs cash... In full here to debate the big issues, share their own experiences, discuss real-world solutions and! Minière basée à Londres ses principales activités sont localisées en Inde, mais elle possède également mines... We learn most about debt from the balance sheet is the obvious to! Free cash flow ; that 's encouraging total ₹628.1b more than the combination its! Decide if Vedanta can strengthen its balance sheet tribe I visited simply want to this! The impact financing costs are having on the vedanta bad news finally, a company can go bankrupt if it can its. You 're focused on providing unbiased, high-quality research coverage on every listed in. Cost of $ 1500 per tonne in the UK des mines en Zambie et en Australie near! 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