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Vedanta chairperson Anil Agarwal said, 'They are fundamental to new age technologies whether those related to energy transition (solar PV cells, batteries, EVs) or in technologies related to artificial intelligence (advanced semiconductors).'
The Anil Agarwal-led Vedanta is well-placed to benefit from commodity upcycle given its diversified exposure, CLSA said. Efforts to increase capacity and profitability across segments auger well, it said.
The company expects projects pipeline in place to add $6 billion to topline, $2.5-3 billion to EBIDTA.
Vedanta is required to comply with aforesaid direction. Sebi, on expiry of 45 days from the date of this order, may initiate appropriate action against Vedanta for such failure.
Vedanta share price target: Nuvama expects a dividend per share (DPS) of Rs 40 each in FY25E and FY26E. For now, the brokerage has reiterated its ‘BUY’ rating on the Vedanta stock with a revised target price of Rs 394 from Rs 371 earlier.