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Vedanta Group chief welcomes gas price hike

Vedanta Group chief welcomes gas price hike

Anil Agarwal, Chairman of Vedanta Group told a leading media that the government's decision to hike the price of domestic natural gas would boost growth the sector. On June 27, the Cabinet Committee on Economic Affairs cleared the pricing of all domestic gas through Rangarajan formula from April 1, 2014. The price of gas as per the formula is likely to be about $8.4 per million British thermal unit as opposed to $4.2 currently

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Vedanta Group eyes mineral assets in India

Vedanta Group eyes mineral assets in India

Vedanta Group would bid for iron ore, coal and oil & gas assets in the country in order to take advantage of the lower cost of production compared to global standards, Anil Agarwal Chairman of the London-listed group said in an interview to a leading media. He said the company would bid for coal assets to feed its power plants that are generating 10,000 mw of power each year

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Vedanta Group eyes mineral assets in India

Vedanta Group eyes mineral assets in India

Vedanta Group would bid for iron ore, coal and oil & gas assets in the country in order to take advantage of the lower cost of production compared to global standards, Anil Agarwal Chairman of the London-listed group said in an interview to a leading media. He said the company would bid for coal assets to feed its power plants that are generating 10,000 mw of power each year