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Moody Investors outlook for #Vedanta negative #Fakinghappiness

Wednesday, 12 Dec 2012 Moody’s Investors Service has affirmed Vedanta Resources Plc’s corporate family rating at Ba1 and its senior unsecured rating at Ba3. The outlook for both ratings remains negative. Vedanta’s rating reflects its earnings generation underpinned by its… Continue Reading →

Vedanta loses British safety awards after Indian fatality #Vownews #Faking Happiness

The suspension of the awards was sparked by a letter from campaigners linked to the London Mining Network Simon Bowers guardian.co.uk, Monday 14 May 2012 21.01 BST A worker leaving Vedanta’s Lanjigarh alumina refinery in Orissa state, India. Photograph Gethin Chamberlain… Continue Reading →

Vedanta-Mining Company’s PR Campaign Backfires in India #FakingHappiness

By Chandrahas Choudhury Apr 25, 2012, Bloomberg   On a recent visit to Bhubaneswar, the capital of the large eastern state of Odisha, I found the airport plastered with advertisements and slogans expressing the nurturing, socially conscious side — caring… Continue Reading →

DFID encroaching Bleeding Odisha

Odisha readies draft of auto component policy Investors may be offered 50% rebate on land cost besides other sops. Jayajit Dash / Kolkata/ Bhubaneswar Jun 27, 2012, Odisha, which is looking to diversify its investment basket beyond core metallurgical industries,… Continue Reading →

The Death Of A Waterfall in Orissa — thanks to Mining

The Death Of A Waterfall The mining scourge reaches the sacred Khandadhara. Will it turn ‘raktadhara’? Madhushree Mukerjee, Outlook A rugged, tree-covered mountain range sweeps vertically into a brilliant blue sky. Out of a cave on its western side gushes… Continue Reading →

Vedanta Aluminium to acquire L&T’s bauxite mines in Orissa for $330M

Monday, June 11, 2012 BY  Team Vcc This follows a deal struck in February wherein VAL entered into a tripartite agreement with L&T and Raykal Aluminium Company Private Ltd. LSE-listed Vedanta Resources’ group firm Vedanta Aluminium (VAL) has struck a… Continue Reading →

Centre asks Odisha to furnish report on Vedanta project

  Bibhuti Pati Bhubaneswar, MAY 9, 2012 THE CENTRE has asked the Odisha government to furnish the physical verification report on diversion of forestland for the expansion of the Vedanta alumina project and its captive power plant at Lanjigarh in Kalahandi… Continue Reading →

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