Vedanta Oil & Gas

Sept 10 (Reuters) - Vedanta Oil and Gas Ltd VEDL.NS:

• VEDANTA OIL AND GAS - SUPREME COURT ISSUES JUDGMENT ON SEBI VERSUS. VEDANTA IN CAIRN INDIA BUYBACK MATTER

• VEDANTA OIL AND GAS - SUPREME COURT REMANDS MATTER TO SECURITIES APPELLATE TRIBUNAL FOR FRESH ADJUDICATION

Source text: ID:nBSE1Ql2KM

Further company coverage: VEDL.NS

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** Brokerage CLSA raises its weight on banks in its India portfolio, naming ICICI Bank ICBK.NS, HDFC Bank HDBK.NS and State Bank of India SBI.NS preferred plays

** Says banks could emerge as the market's favoured sector if foreign inflows continue

** Brokerage cites attractive growth-adjusted valuations relative to global peers

** Also expects higher potential net interest margins and stronger growth in an inflationary environment

** Indian banks .NSEBANK are down 4.9% year-to-date, outperforming the Nifty 50's .NSEI 9.6% decline; however, they continue to lag global bank benchmarks

** CLSA says relative valuations versus global peers have rarely appeared this supportive

** Exits Eternal ETEA.NS and all Vedanta entities except Vedanta Aluminium VEDO.NS

** Nifty Bank falls 0.2% and Eternal slips 0.5%

(Reporting by Bharath Rajeswaran in Bengaluru)

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Corrects day to 'Thursday' from 'Friday' in first paragraph

July 30 (Reuters) - India's Vedanta Aluminium Metal VEDO.NS, the pure-play aluminium company formed after Vedanta's VDAN.NS demerger, reported a more than three-fold jump in first-quarter profit on Thursday, boosted by higher aluminium prices.

Here are details from the company's earnings report:

• The company's consolidated net profit climbed to 56.29 billion rupees ($588.62 million) for the quarter ended June 30, its first as an independent company, from 17.81 billion rupees a year ago.

• Aluminium prices remained elevated in the April-June period due to Middle East supply disruptions, Chinese output constraints, and strong demand -- which boosted Vedanta Aluminium's topline.

• Spot aluminium prices rose 46% year-on-year in the June quarter, according to data from a Jefferies note.

• The company's aluminium production increased 5% on-year to 632 kilo tons.

• Spot prices of alumina, or aluminium oxide, which is used in the production of aluminium and also as a catalyst in petrochemical refining and is one of the company's products, dropped about 6%.

• A 41% increase in production limited the impact of lower alumina prices on the company's earnings.

• Vedanta Aluminium's net profit margin more than doubled to 31% from 15%.

• Total revenue from operations jumped 46% to 213.93 billion rupees.

• The firm's expenses rose 7.5% to 128.70 billion rupees, despite a near 5% drop in cost of materials consumed.

($1 = 95.6300 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Ronojoy Mazumdar)

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July 29 (Reuters) - Vedanta Oil and Gas Ltd VEDL.NS:

• VEDANTA OIL AND GAS LTD JUNE-QUARTER CONSOL NET PROFIT 9.45 BILLION RUPEES

• VEDANTA OIL AND GAS LTD JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 25.07 BILLION RUPEES

Source text: [ID:]

Further company coverage: VEDL.NS

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Vedanta Oil and Gas said the Delhi High Court dismissed its writ petition against the government's refusal to extend the production sharing contract for the CB/OS-2 block, which contains the Cambay field. The company has filed a Letters Patent Appeal before a division bench and is evaluating the financial and operational consequences of the ruling. The Cambay asset contributed roughly 6% of Vedanta Oil & Gas's gross operated production in the June quarter.

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July 22 (Reuters) - Vedanta Oil and Gas Ltd VEDL.NS:

• VEDANTA OIL AND GAS - DELHI HIGH COURT DISMISSES VEDANTA WRIT PETITION AGAINST UNION OF INDIA, DIRECTORATE GENERAL OF HYDROCARBONS

• VEDANTA OIL AND GAS - FILES LETTERS PATENT APPEAL BEFORE DELHI HIGH COURT DIVISION BENCH

Source text: ID:nBSE7g9slW

Further company coverage: VEDL.NS

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CRISIL Ratings upgraded Vedanta Oil and Gas Limited's long-term credit rating to AA+ from A+ and removed the rating from watch developing, the company said on July 16. The rating agency also withdrew the short-term rating. The upgrade reflects a material improvement in the company's credit profile, with the stable outlook indicating confidence in its financial stability. Vedanta Oil and Gas, formerly known as Malco Energy Limited, operates in the oil and gas sector and is a mid-cap entity with a market capitalisation of about ₹14,390 crore.

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July 14 (Reuters) - Vedanta Ltd VDAN.NS:

• VEDANTA PLANS TO NEARLY TRIPLE ZINC AND LEAD PRODUCTION TO 3 MILLION TONNES BY 2031 - AGM

• VEDANTA CHAIR - VEDANTA ALUMINIUM TO DOUBLE CAPACITY TO 6 MILLION TONNES/YEAR OVER NEXT THREE YEARS - AGM

• VEDANTA CHAIR: WILL INVEST $5 BLN OVER THREE TO FIVE YEARS FOR VEDANTA OIL & GAS - AGM

• VEDANTA CHAIR: VEDANTA IRON AND STEEL WILL GROW FROM FOUR MILLION TONNES TO 15 MILLION TONNES ANNUALLY - AGM

• VEDANTA CHAIR - AT VEDANTA OIL AND GAS, WE AIM TO PRODUCE 500,000 BARRELS PER DAY - AGM

Further company coverage: VDAN.NS

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** Motilal Oswal initiates coverage on India's Vedanta Aluminium Metal VEDO.NS, the pure-play aluminium company formed after Vedanta's VDAN.NS demerger, with a "buy" rating and PT at 540 rupees, ~20% higher than current price

** Brokerage says VEDO's consolidated revenue and PAT to grow at ~11% and 23% CAGR over FY26-28

** Growth to be driven by volume expansion, structural cost reductions, increased contribution from value-added products - Motilal Oswal

** Brokerage expects VEDO to benefit from favourable industry dynamics and company-specific structural drivers

** VEDO up 1% to 448.2 rupees

** Stock down ~14% since listing on June 15

(Reporting by Anuran Sadhu in Bengaluru)

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July 3 (Reuters) - Vedanta Oil and Gas Ltd VEDL.NS:

• VEDANTA OIL AND GAS - Q1 FY2027 AVERAGE DAILY GROSS OPERATED PRODUCTION DOWN 17% YOY

Source text: ID:nBSE6NCmCt

Further company coverage: VEDL.NS

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** Vedanta Aluminium Metal VEDO.NS stock falls 5% below listing price to 495.90 rupees in trading debut

** Listed at 522 rupees, 331.3% higher than issue price of 121.03 rupees

** Vedanta Oil and Gas VEDL.NS also drops 5% below opening price on debut

** Vedanta Power TALA.NS and Vedanta Iron and Steel VEDR.NS rise 3.3% and 5.3% post-listing on NSE

** Parent Vedanta VDAN.NS, which now houses the base metals business, slips 1%

** All four firms listed Monday following demerger scheme that split VDAN's aluminium, power, iron & steel, and oil & gas units

(Reporting by Vijay Malkar)

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