The Sensex rose by 185 points to end the day at 73,319.55, with the Nifty 50 also gaining slightly. Notably, financial advisor Sumeet Bagadia suggests considering investments in Infosys, Kalyan Jewellers, Supriya Lifescience, MM Forgings, and Vedanta.
The Supreme Court has dismissed a stay request regarding Jaiprakash Associates' resolution, paving the way for its progression with involvement from Vedanta and Adani.
The Supreme Court has given a green light to Adani Enterprises' takeover plan for Jaiprakash Associates, moving forward without a stay. Meanwhile, Vedanta is waiting on the National Company Law Appellate Tribunal (NCLAT) for approval of crucial decisions by the monitoring committee.
Hindustan Zinc Limited (HZL) achieved a new quarterly record in Q4FY26, mining 315,000 tonnes of metal – an impressive increase attributed to capacity improvements and operational efficiencies. The refined metal production also reached 282,000 tonnes.
Vedanta Ltd has seen a significant increase in alumina and aluminum output, with alumina production surging by 48% year-on-year to reach 2,916 kt, and aluminium at 2,456 kt. Additionally, the company's silver production jumped by 11% quarter-on-quarter in Q4, reaching 176 tonnes. The positive results indicate a strong performance for Vedanta Ltd in the mining sector.
In a fierce competition, Adani wins the JAL bid with a substantial ₹6,000 crore upfront payment. Despite Adani Enterprises experiencing a 20.5% decline in the past year, analysts are optimistic about Vedanta's 41% growth and favor its bullish trend over Adani's recent downturn.
Vedanta, in a recent update for March 2026, emphasizes its commitment to women's empowerment and energy independence. The company has announced strategic plans for a demerger to optimize business value, focusing on achieving self-reliance in energy production.
Vedanta's subsidiary, TSPL, has been ordered by CAQM to pay a substantial environmental fine of INR 33 crores. Despite this, TSPL intends to challenge the decision in court and anticipates minimal financial repercussions for the company.
Vedanta announced an interim dividend of Rs 11 per share for the fiscal year 2026, totaling Rs 4,300 crore. Crisil has also declared a final dividend of Rs 28 per share, with the record date set for April 3.
Investment firm Emkay is optimistic about SAIL and Jindal Steel in the ferrous sector, as well as Vedanta in the non-ferrous sector, due to escalating steel prices resulting from geopolitical tensions. Moreover, supply disruptions have positively impacted aluminum, with Vedanta anticipated to profit. Despite a 11% decline in the Nifty Metal index since March 2026, it demonstrates a robust resilience.
Vedanta Ltd has announced that S.V. Murali Dhar Rao will replace Dindayal Jalan as Independent Director, marking the end of Jalan's tenure. The company's board also extended the deadlines for certain conditions under its Composite Scheme of Arrangement to June 30, 2026.
Anil Agarwal has challenged Gautam Adani's $4 billion bid for valuable real estate assets, particularly India's Formula One track, escalating a potential dispute between the two business tycoons.
Vedanta has contested Adani's accepted bid worth INR 14,535 crores for Jaypee, arguing that its own offer of INR 17,926 crores offers better value. Vedanta claims the Committee of Creditors' decision was arbitrary and criticizes NCLT and NCLAT for disregarding the principle of maximizing value in the IBC process.
The Nifty Metal index experienced a 1.4% growth, primarily driven by strong performances from companies like Nalco (6.1% increase), Hindalco (4.3% increase), and Vedanta (3.7% increase). This surge in global aluminium prices, largely due to Middle East tensions, could potentially provide short-term benefits for Indian aluminium producers.
Vedanta has filed a court appeal against the NCLAT decision, aiming to delay the Adani plan temporarily. The legal battle continues over the contested business matter.
Vedanta, in a move to challenge the approval of Adani's resolution plan, has taken its case to the Supreme Court, arguing that their own bid submitted in November was superior to Adani's and disputing NCLAT's decision to move forward with the Adani plan.
Vedanta has disputed rumors of a $5 billion investment in the U.S., stating that there's no truth to such reports as of now.
Vedanta announces a major restructuring initiative, splitting the company into five separate listed entities by April 2026. The goal is to streamline operations, improve financial resilience, and create opportunities for enhanced shareholder value.