VEDANTA Resources Holdings Limited and its parent company, Vedanta Resources Limited, have warned KCM provisional liquidator Milingo Lungu against splitting the mine business into two separate … It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. external news. Simply Wall St does a detailed discounted cash flow calculation every 6 hours for every stock on the market, so if you want to find the intrinsic value of any company just search here. 11.10 pm | 2 Dec 2020 | Press Trust of India. 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 However, faced with yesterday's protests and a move by Pirc, the activist investor group, to unseat several board members, Vedanta has realised its policy of ignoring the criticism is not working. Home / General News / Vedanta warns KCM liquidator against splitting mine into 2 units. But at least it's pretty decent at converting EBIT to free cash flow; that's encouraging. This cold hard cash means it can reduce its debt when it wants to. Start your Independent Premium subscription today. Explore more on Vedanta. Vedanta’s bad press risks undermining its image. The Church also sold its holding in Vedanta. Vedanta Limited is one of the leading mining companies based in India. If earnings continue to decline at that rate then handling the debt will be more difficult than taking three children under 5 to a fancy pants restaurant. 24 août, 2018 (00:04) | Abondance :-) | By: lespacearcenciel De nouveaux articles au service de la Vie? As … Business Lungowe v. Vedanta: How to hold multinationals liable for harmful activities . zara … baki DIVIDEND to aaega hi. 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. - eBook at Walmart.com The existing Open Comments threads will continue to exist for those who do not subscribe to Independent Premium. Vedanta Resources slapped with $100 million settlement in UK court. 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. Are you sure you want to mark this comment as inappropriate? Vedanta news - Get latest news on Vedanta news. Vedanta Resources' highly successful financial year, and its annual meeting, were overshadowed yesterday when more than 100 protesters, some dressed as … Thank you for reading. Get all latest & breaking news on Vedanta Resources. 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. We'd go so far as to say Vedanta's EBIT growth rate was disappointing. In the worst case scenario, a company can go bankrupt if it cannot pay its creditors. Remembering God: Reflections on Islam est publié en 2000. However, a more usual (but still expensive) situation is where a company must dilute shareholders at a cheap share price simply to get debt under control. But the more important question is: how much risk is that debt creating? Looking at the balance sheet and taking into account all these factors, we do believe that debt is making Vedanta stock a bit risky. The latest breaking news, comment and features from The Independent. We took into account both the facilities shown to us by the company and the accounts of villagers affected by Vedanta's operations, during a week-long visit to India," said a spokesman. 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. Police stopped protesters storming the meeting, as pressure groups and celebrities lined up to attack the mining group's record over its treatment of the Dongria Kondh tribe, which, they claim, will be devastated if Vedanta's planned bauxite mine in India's Orissa state goes ahead. When analysing debt levels, the balance sheet is the obvious place to start. Vedanta claims that representatives of the Church spent 3 days touring the Orissa sites, and that the visitors had been impressed. Until this week, Mr Mehta and the rest of the Vedanta board had repeatedly rejected requests for interviews. But ultimately the future profitability of the business will decide if Vedanta can strengthen its balance sheet over time. So if you're focused on the future you can check out this free report showing analyst profit forecasts. Simply Wall St has no position in the stocks mentioned.We aim to bring you long-term focused research analysis driven by fundamental data. "We continue to monitor the company's approach and will be pleased to review our recommendation to the Church investing bodies if the company addresses the issues we raised. The bad news is that Vedanta saw its EBIT decline by 19% over the last year. SC denies Vedanta interim plea to reopen TN copper unit shut over pollution. You can find our Community Guidelines in full here. Please read our Financial Services Guide before deciding whether to obtain financial services from us. Free 2-day shipping. The region is one of the most backward in India. This article by Simply Wall St is general in nature. While Vedanta's low debt to EBITDA ratio of 0.85 suggests only modest use of debt, the fact that EBIT only covered the interest expense by 4.1 times last year does give us pause. PromotedIf you decide to trade Vedanta, use the lowest-cost* platform that is rated #1 Overall by Barron's, Interactive Brokers. Our research team consists of equity analysts with a public, market-beating track record. Want to bookmark your favourite articles and stories to read or reference later? Vedanta comes under fire for plans to build mine on 'sacred' land in India. our news. “The bad news is to keep up with this demand, the company needs to quickly build new factories in Austin, Texas, and Brandenburg, Germany. Zooming in on the latest balance sheet data, we can see that Vedanta had liabilities of ₹669.2b due within 12 months and liabilities of ₹380.7b due beyond that. The most insightful comments on all subjects will be published daily in dedicated articles. A landmark case is getting underway in the UK. Issuing a statement to coincide with the AGM, the group said: "Vedanta strongly denies any allegations of pollution of the environment in Lanjigarh or of any violation of human rights. Anil Agarwal’s Vedanta Group and two overseas funds are said to be among suitors for state-owned Bharat Petroleum Corporation (BPCL), which the government is seeking to privatise. To date our concerns have not been addressed. Offsetting this, it had ₹355.7b in cash and ₹66.1b in receivables that were due within 12 months. Please continue to respect all commenters and create constructive debates. In an interview earlier this week, MS Mehta, Vedanta's chief executive, described accusations against the group as "lies and hoax," adding that the planned mine and an alumina refinery in the Lanjigarh region are not damaging to the environment, and, in fact, are good for the people that live in the forests neighbouring the sites. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. 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. Explore more on Vedanta Resources. list of growing businesses that have net cash on the balance sheet. Due to the sheer scale of this comment community, we are not able to give each post the same level of attention, but we have preserved this area in the interests of open debate. Bhai log Vedanta undervalued hen ...because of bad management and coporates. ", The actor Michael Palin, and other celebrities, including Bianca Jagger, who delivered a petition signed by 30,000 people on behalf of Amnesty, and Joanna Lumley all made protests at yesterday's meeting. Vedanta share price live updates on The Economic Times. Sign up for free; Log in; Full text of "Histoire de la littérature hindouie et … Get detailed Vedanta stock price news and analysis, Dividend, Bonus Issue, Quarterly results information, and more. Create a commenting name to join the debate, There are no Independent Premium comments yet - be the first to add your thoughts, There are no comments yet - be the first to add your thoughts. The interim plea by Vedanta was opposed by Tamil Nadu government which claimed before a bench that the plant had been polluting consistently. Finally, a business needs free cash flow to pay off debt; accounting profits just don't cut it. But it is all nonsense, says the FTSE 100-listed group, and the Church of England, state pension funds from Norway and the Netherlands, the Department for Business, Innovation and Skills and even BP, whose pension fund trustees have reduced their stake in the miner, are all wrong in their criticism: that Vedanta puts the pursuit of profit ahead of human rights. Find your bookmarks in your Independent Premium section, under my profile. Mr Mehta said: "Maybe we've been naive not to talk more in the past, but I would not like to hazard a guess about why Vedanta is targeted in this way. Of course, the upside of debt is that it often represents cheap capital, especially when it replaces dilution in a company with the ability to reinvest at high rates of return. There's no doubt that we learn most about debt from the balance sheet. Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. 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