Shares of Vedanta (NYSE: VEDL) rose as much as 11.5% in early trading on Oct. 18. The company -- which mines for various metals, drills for oil and natural gas, generates electricity, and produces steel and aluminum -- probably isn't a household name for most U.S. investors. Simply put, Vedanta's stock was upgraded by Credit Suisse.
NEW DELHI, August 05, 2021--Vedanta Aluminium Business became India’s largest green power purchaser at the Indian Energy Exchange Limited (IEX) in Q1 FY22.
Shares of Indian oil-to-metals conglomerate Vedanta Ltd rose nearly 4% on Monday after Tamil Nadu state authorised the company's shuttered copper smelter to produce oxygen for medical purposes to help the country tackle its deepening coronavirus crisis. The smelter has been closed for nearly three years due to concerns about pollution. "It was decided in an all-party meeting that Vedanta be allowed to operate the oxygen plant for a temporary period of four months," the Tamil Nadu government said in a statement, adding that production of copper would not be permitted.