Vedanta is currently trading at Rs. 313.80, down by 5.80 points or 1.81% from its previous closing of Rs. 319.60 on the BSE.
The scrip opened at Rs. 315.10 and has touched a high and low of Rs. 316.15 and Rs. 313.35 respectively. So far 4,08,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 334.50 on 12-Sep-2017 and a 52 week low of Rs. 159.35 on 16-Sep-2016.
Last one week high and low of the scrip stood at Rs. 334.50 and Rs. 313.35 respectively. The current market cap of the company is Rs. 1,16,645.00 crore.
The promoters holding in the company stood at 50.14%, while Institutions and Non-Institutions held 31.05% and 15.34% respectively.
The State Pollution Control Board, Odisha (SPCB) on September 13, 2017 served a direction resulting in a temporary closure of Vedanta’s three units of 135 MW each of the 1,215 MW power plant, and two units of 600 MW each of the 2,400 MW power plant. This step has been taken following a breach in the Ash Pond dyke wall at Jharsuguda at the end of August. The remaining units of the 1,215 MW plant have been allowed to operate until October 12, 2017, and the remaining units of the 2,400MW plant have been allowed to operate until September 20, 2017.
The SPCB has asked the company for compliance of certain conditions with a concrete plan within 5 days. The company is complying with the order of SPCB along with a request for revoking the said closure orders. This action may require a temporary power purchase of up to 200 MW, and hence a marginal impact on cost of production of aluminium. The company expects to be able to sustain the smelter capacity without affecting its production volume. The company is working towards the lifting of the SPCB closure orders at the earliest, to ensure that aluminium production is not affected.
Vedanta is an India-based global diversified natural resources company with operations across zinc, lead, silver, oil and gas, iron ore, copper, aluminum and commercial power. The company operates through segments, including Copper, Aluminium, Iron Ore, Power and Others.
| Company Name | CMP |
|---|---|
| Hindalco | 1038.95 |
| Vedanta | 787.60 |
| Hindustan Zinc | 592.35 |
| Jain Resource Recycl | 420.90 |
| Gravita India | 1639.80 |
| View more.. | |
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