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Vedanta Interim Results & Capital Market's Day Conference Call
“Vedanta Interim Results & Capital Market’s Day Conference Call” November 10, 2017 MANAGEMENT: MR. ANIL AGARWAL – CHAIRMAN, VEDANTA MR. KULDIP KAURA – CHIEF EXECUTIVE OFFICER, VEDANTA MR. SCOTT CAITHNESS – HEAD, EXPLORATION, VEDANTA MR. STEVEN DIN – CEO, KCM MR. SUDHIR MATHUR – CEO, OIL & GAS MR. SUNIL DUGGAL – CEO, ZINC INDIA MS. DESHNEE NAIDOO – CEO, ZINC INTERNATIONAL MR. SAMIR CAIRAE – CEO, INDIA DIVERSIFIED METALS MR. KISHORE KUMAR – CEO, IRON ORE MR. ABHIJIT PATI – CEO, ALUMINUM, JHARSUGUDA MR. AJAY DIXIT -- ALUMINA & TSPL POWER, VEDANTA MR. ASHWIN BAJAJ, HEAD, INVESTOR RELATIONS, VEDANTA Page 1 of 39 Vedanta Resources November 10, 2017 Moderator: Good day, ladies and gentlemen and welcome to the Vedanta Interim Results and Capital Markets Day Conference Call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing ‘*’ and then ‘0’ on your touchtone telephone. Please note that this conference is being recorded. Ashwin Bajaj: Ladies and gentlemen, very good morning. I am Ashwin Bajaj, Head of Investor Relations of Vedanta. Thank you for joining us today for our H1 FY 2018 Results and Capital Markets Day. Let me introduce our speakers and go over the agenda for today. Our Chairman -- Anil Agarwal will give an “Overview” followed by “Strategy Update” by our CEO -- Kuldip Kaura; this will be followed by Scott Caithness -- our Head of Exploration who is here on video. Our CFO -- Arun Kumar is unable to join us today for medical reasons, so I will cover the “Financial Update;” Mr. -
SAUFEST 2019 Newsletter 23 FEBRUARY, 2019 Connect, Compete, Celebrate
SAUFEST 2019 Newsletter 23 FEBRUARY, 2019 Connect, Compete, Celebrate SAUFEST-2019 Inaugurated The 12th South Asian University Festival (SAUFEST) 2019 was inau- gurated by Shri Bhupesh Baghel, Chief Minister, Chhattisgarh on Feb- ruary 22, 2019 at Pandit Deen Dayal Upadhyay Auditorium, Raipur. Pandit Ravishankar Shukla University, Raipur becomes the first Uni- versity in the state and the region to host this international gala cul- tural event under the aegis of Association of Indian Universities. Con- tingent from six countries and 63 Universities viz., Bangladesh, Bhu- tan, Myanmar, Nepal, Sri Lanka and India are participating in this cul- tural extravaganza. Shri Bhupesh Baghel observed that SAUFEST would not only be a platform to showcase cultural talents from the South Asian countries, Inauguration of SAUFEST-2019 by Shri Bhupesh Baghel, but would also assist in the realization of its motto "Connect, Com- Chief Minister, Chhattisgarh pete, Celebrate" and strengthen the unity and harmony among the participating countries. Release of the Souvenir Address by Shri Bhupesh Baghel, Chief Minister, Chhattisgarh SAUFEST 2019 kicks off on a colorful start SAUFEST 2019 kicked off on a colorful and enthusiastic note. The cul- tural procession was flagged off by Prof. Keshari Lal Verma, Vice Chan- cellor, Pandit Ravishankar Shukla University. The splendor and magnifi- cence of the procession was a confluence of ebullience, culture and tal- ent. The assemblage of students from the six South Asian Countries don- ning their unique cultural attires set the ball rolling for the grand specta- cle. The teams excellently portrayed their unique and rich cultural heri- tage. The vibrant depiction was a treat to watch. -
Final.Qxd (Page 3)
MONDAY, AUGUST 24, 2020 (PAGE 4) DAILY EXCELSIOR, JAMMU From page 1 BJP, JD(U), LJP to fight Bihar polls LG takes strong note of delay in Cracks wide open as CWC meets today together; Oppn a spent force: Nadda development projects of Jammu behind the Gandhi family today, be detrimental to its interests, and Gandhi family is being questioned micro-management has always NEW DELHI, Aug 23: He praised the Bihar gov- calling for Sonia Gandhi to stay the interests of the nation. by few. In these difficult times of proven to be counter-productive, ernment's handling of the opment and welfare of the peo- Akhnoor road, IT Parks, Ujh or Rahul Gandhi to take charge "What the Congress needs is a undeclared emergency and attack and that uncertainty over the leader- All the three NDA con- COVID-19 pandemic and ple. Development projects are Multipurpose Project, Shahpur again. leadership that is acceptable not just on democracy by BJP, we should ship has "demoralised the Congress stituents in Bihar - the BJP, the floods in the state, while noting the backbone of a region's holis- Kandi project, Jambu Zoo, While Punjab Chief Minister to a few but to the entire party, collectively strive to strengthen workers and further weakened the JD(U) and the LJP - will togeth- that the assembly elections are tic development. People of J&K Mechanized Car Parkings, Amarinder Singh, Chhattisgarh through its rank and file, and the Congress and not weaken it." party". er fight the coming assembly have set the bar of expectations Airport expansion etc. -
Vedanta Newsdesk
ISSUE 36 | VOL 11 | 25 NOVEMBER 2020 Vedanta Newsdesk SUSTAINABILITY ZERO HARM, ZERO WASTE, ZERO DISCHARGE NAND GHAR VEDANTA: FOCUS ON ESG PRACTICES Vedanta has been at the forefront of sustainable practices. Even as the company has, over the years, grown to become one of the largest diversified natural resources companies in the world, the goal has been to ensure that each of the businesses integrates sustainability principles into their operational structures and leverages new technologies to safeguard the environment and communities. VEDANTA RANKS AMONG TOP SUSTAINABLE COMPANIES Vedanta has embraced sustainability as a comprehensive, integrated business practice that involves collaboration, innovation, and a course of action. The company has made significant improvements in environmental, social and governance (ESG) performance with its Dow Jones Sustainability Indices (DJSI) ranking in the metals and mining sector having risen to 12 this year, as against 21 in 2019. Vedanta group company, Hindustan Zinc ranked 8 in the global tally. A Pre-COVID photograph Vedanta’s sustainability ranking shows a three-year trend of continuous improvement. The percentile improvement is 86 per cent this year compared to 70 per cent in 2019 and 60 per cent in 2018. The DJSI – which are float-adjusted market capitalization weighted indices – evaluates the sustainability performance of the world’s largest companies. HZL, VEDANTA TOP APAC RANKINGS Reflecting the Group’s strong commitment to do business in the most sustainable way, Vedanta group company, Hindustan Zinc topped the sustainability rankings in the Asia Pacific region. Vedanta is ranked 2 in the metals and mining category in the Asia Pacific region this year, as compared to 7 last year. -
Hindustan Zinc Limited
Hindustan Zinc Limited INVESTOR PRESENTATION AUGUST 2019 Cautionary Statement and Disclaimer The views expressed here may contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness, reasonableness or reliability of this information. Any forward looking information in this presentation including, without limitation, any tables, charts and/or graphs, has been prepared on the basis of a number of assumptions which may prove to be incorrect. This presentation should not be relied upon as a recommendation or forecast by Hindustan Zinc Limited. Past performance of Hindustan Zinc cannot be relied upon as a guide to future performance. This presentation contains 'forward-looking statements' – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' or 'will.' Forward–looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a environmental, climatic, natural, political, economic, -
'Jobs, Agrarian Crisis Real Issues'
10 DEMOCRACY AT WORK MUMBAI | 19 MAY 2019 > Tea party politics DID THEY REALLY SAY THAT? CHECKLIST What was behind Sonia Gandhi’s invitation to opposition parties to a tea party on May THE LAST PHASE OF ELECTIONS: SOME INTERESTING CONTESTS 23 ? Apparently, the effort was to forestall invitations by others and ensure the Congress had the initiative. The first attempt to create a common front was taken by Telugu Desam n Ujjain: This is a seat reserved for Scheduled Caste rickshaw to reach out to his voters. The Akali Dal- Party (TDP) leader Chandrababu Naidu, who reached out to all non-BJP parties including candidates. The BJP has fielded Anil Firojiya from BJP combine has fielded former minister Surjit the Congress to hold a meeting on May 21 to address a strategy on May 23 . the seat against Congress' Babulal Malviya. In the Singh Rakhra from this seat. The Aam Aadmi Party However, Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee 2014 general polls, Chintamani Malviya of the BJP (AAP) has fielded greenhorn Neena Mittal, an CHATTERBOX was markedly unenthusiastic about the meeting, informing Naidu that she would have defeated his Congress rival by a margin of 309,663 activist who worked for the party during the 2013 to stay confined to the state to prevent any mischief while counting. votes, or 30.5 per cent votes. This is pretty steep Delhi Assembly elections. Kaur lost the 2014 Naidu’s intention was to act as an honest broker — he firmly believes that he is the only margin. -
The Halting Progress of Privatization in India. Nandini Gupta* Current
From Commanding Heights to Family Silver: The Halting Progress of Privatization in India. Nandini Gupta* Current status of the privatization program In February 2010, India’s United Progressive Alliance (UPA) government, led by the Congress party, resurrected its stalled privatization program with a secondary offering of shares in National Thermal Power Corporation Ltd (NTPC), one of India’s best performing government-owned firms, which owns 20% of India’s power generation capacity. The sale of the $1.8 billion block of shares reduced the government’s existing stake in the company by an additional 5%, leaving 85% still under government control. However, the poor performance of the offering has raised alarm bells for the government’s future privatization plans. NTPC was subscribed just 1.2 times for the secondary offering, mainly with the help of government-owned financial institutions (“NTPC issue scrapes through with support from SBI, LIC,” The Economic Times, February 6, 2010). Although two foreign investment banks, Citigroup and J.P. Morgan were advising the company, the secondary offering did not attract any foreign institutional investment. The poor performance of the offering has also raised questions regarding the growth prospects of this company, which is a “navratna”, one of the nine “jewels” in the government’s crown. In a recent speech, the top ranking bureaucrat in the power ministry, HS Brahma, pointed out the company’s low employee productivity (“Power secretary censures NTPC for low productivity,” Daily News and Analysis India, February 15, 2010). The lackluster performance may also be due to investor skepticism regarding the company’s ability to compete effectively with a rapidly growing private sector. -
Statistical Report General Election, 1998 The
STATISTICAL REPORT ON GENERAL ELECTION, 1998 TO THE LEGISLATIVE ASSEMBLY OF MADHYA PRADESH ELECTION COMMISSION OF INDIA NEW DELHI Election Commission of India – State Elections, 1998 Legislative Assembly of Madhya Pradesh STATISCAL REPORT ( National and State Abstracts & Detailed Results) CONTENTS SUBJECT Page No. Part – I 1. List of Participating Political Parties 1 - 2 2. Other Abbreviations And Description 3 3. Highlights 4 4. List of Successful Candidates 5 - 12 5. Performance of Political Parties 13 - 14 6. Candidate Data Summary 15 7. Electors Data Summary 16 8. Women Candidates 17 - 25 9. Constituency Data Summary 26 - 345 10. Detailed Results 346 - 413 Election Commission of India-State Elections, 1998 to the Legislative Assembly of MADHYA PRADESH LIST OF PARTICIPATING POLITICAL PARTIES PARTYTYPE ABBREVIATION PARTY NATIONAL PARTIES 1 . BJP Bharatiya Janata Party 2 . BSP Bahujan Samaj Party 3 . CPI Communist Party of India 4 . CPM Communist Party of India (Marxist) 5 . INC Indian National Congress 6 . JD Janata Dal (Not to be used in General Elections, 1999) 7 . SAP Samata Party STATE PARTIES 8 . ICS Indian Congress (Socialist) 9 . INLD Indian National Lok Dal 10 . JP Janata Party 11 . LS Lok Shakti 12 . RJD Rashtriya Janata Dal 13 . RPI Republican Party of India 14 . SHS Shivsena 15 . SJP(R) Samajwadi Janata Party (Rashtriya) 16 . SP Samajwadi Party REGISTERED(Unrecognised ) PARTIES 17 . ABHM Akhil Bharat Hindu Mahasabha 18 . ABJS Akhil Bharatiya Jan Sangh 19 . ABLTC Akhil Bhartiya Lok Tantrik Congress 20 . ABMSD Akhil Bartiya Manav Seva Dal 21 . AD Apna Dal 22 . AJBP Ajeya Bharat Party 23 . BKD(J) Bahujan Kranti Dal (Jai) 24 . -
Hindustan Zinc (HINZIN)
Hindustan Zinc (HINZIN) CMP: | 223 Target: | 230 (3%) Target Period: 12 months HOLD October 21, 2020 Maintains volume guidance... Hindustan Zinc reported a mixed performance for Q2FY21. The topline came in line with our estimate while EBITDA and PAT were lower than our estimate. For the quarter, zinc sales volumes came in at ~181000 tonnes (up 8% YoY, 11% QoQ, marginally lower than our estimate: 185419 tonnes), lead sales volume came in at ~57000 tonnes (up 30% YoY, 27% QoQ, lower than our estimate: 60125 tonnes) while silver sales volume came in at Particulars ~203000 kg (up 50% YoY, 39% QoQ, higher than our estimate: 195000 kg). | Crore Topline came in at | 5660 crore (up 25% YoY, 42% QoQ), in line with our Market Capitalization 94,218 Update Result estimate of | 5668 crore. EBITDA came in at | 2952 crore (up 39% YoY, 87% Total Debt (FY20) 611 QoQ), lower than our estimate of | 3031 crore. EBITDA margin came in at Cash and Investments (FY20) 22,247 52.2%, marginally lower than our estimate of 53.5%. Ensuing PAT was at | EV 72,581 1940 crore (up 43% QoQ but down 7% YoY). HZL has announced an interim 52 week H/L (|) 258 / 122 dividend of | 21.3/equity share with a record date of October 28, 2020. Equity capital 845.1 Face value (|) | 2 Healthy reserve base provide earnings visibility over long term Price Chart HZL has a huge reserve base, which provides strong earnings visibility. During the year, total ore reserves increased from 92.6 million tonnes (MT) 300 15000 at the end of FY19 to 114.7 MT at the end of FY20 while mineral resources totalled 288.3 MT. -
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5DXQDT(3&,QWHUQDWLRQDO/LPLWHG 5DXQDT(3&,QWHUQDWLRQDO/LPLWHG Our Valued Clients "Raunaq EPC International Limited", an Engineering Contract dedicated team of professionals at various levels in dif CLIENTS Company Porfile "Raunaq EPCXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX International Limited" engaged in turnkey execution of Engineering Projects, is a group companyXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX of the "Surinder P. Kanwar Group", having well established companies like Bharat XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Gears Limited, Clip-Lok Simpak (India) Pvt. Limited and Raunaq EPC International Limited. All these XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX companiesXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX have been meeting the escalating demands of national and international clients, with their qualityXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX manufactured products and engineering services for the core sector of industries and have provenXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX track record in the field of manufacturing Automobile Gear Boxes and Project works. "Raunaq EPC InternationalDATA Limited", REQUIRED an Engineering Contracting Organization managed by a dedicated team of professionals at various levels in different disciplines, is engaged primarily in the service of core infrastructural and industrial sectors in India, namely Power, Chemical, Hydro- carbon, Metal and Automobile sectors. Besides separate departments for Design & Engineering, Quality Assurance & Inspection etc., the company has a sufficient in-house resources in terms of Engineering -
Speech of Shri Ashok Gehlot, Chief Minister, Rajasthan
Speech of Shri Ashok Gehlot, Chief Minister, Rajasthan 50th National Development Council Meeting on 21st December 2002 at New Delhi Hon'ble Prime Minister, Chief Ministers, Central Ministers and Friends, I am happy to participate in this meeting of the National Development Council that has been convened to consider and approve the Tenth Five Year Plan (2002- 2007). 2. A little more than a year ago we had gathered to discuss the Draft Approach Paper to the Tenth Five Year Plan. Now, when the first year of this Plan is nearing its end, we are meeting to approve the Draft Tenth Five Year Plan. However, discussion at this stage would, I presume, serve the purpose of focusing attention not only on the objectives and strategy set out for the Plan but, in the light of the role that has been envisaged for the States, also focus on the ability, or otherwise, of the States to contribute to the success of the same. 3. Every Five Year Plan provides an opportunity of stock taking as well as reorienting the priorities of the Government, Central and State, in the light of the changing environment. It is pertinent, therefore, to discuss briefly what we had sought to achieve in the Ninth Five Year Plan and how far we in Rajasthan have succeeded in achieving the same. 4. The main objectives of the Ninth Five Year Plan was 'growth with equity' and included objectives like generating adequate productive employment, eradicating poverty, ensuring nutrition security to the vulnerable sections, basic minimum services of drinking water, healthcare, containing population growth primary education and shelter, empowering the disadvantaged groups like SCs/STs and OBCs, promoting and developing people's participatory institutions, and, strengthening efforts to build self-reliance. -
Vedanta Newsdesk $5 TRILLION ECONOMY FOCUS on POWER RACE for COVID-19 CURE
ISSUE 39 | VOL 11 | 26 DECEMBER 2020 Vedanta Newsdesk $5 TRILLION ECONOMY FOCUS ON POWER RACE FOR COVID-19 CURE THE 7-POINT PRESCRIPTION FOR A $5 TN ECONOMY India is on course to become a $5 trillion economy and the natural resources sector will play an important part in this journey. Vedanta has already taken the lead in building India’s self-reliance in natural resources. Weeks ahead of the Union Budget, Vedanta Resources Executive Chairman Anil Agarwal has laid out his blueprint on what Union Finance Minister Nirmala Sitharaman should focus on to accelerate economic growth for India. RESTART SHUT MINES Around 500 mines in the country are currently not operational due to various disputes and restarting them would be a big step towards achieving India’s target of becoming a $5 trillion economy. “India gets maximum revenues from the natural resources sector, but that’s just the tip of the iceberg. Let the production go on. Let the existing owners restart production and double the output. If the production is doubled, there is no question we will not have our $5 trillion target,” Mr Agarwal said. ACCELERATE DISINVESTMENT India needs to step up the pace of disinvestment. “Right now, one or two disinvestments are taking place in a year. We need to have at least 20 disinvestments in a year. The kind of wealth that will get created will be phenomenal,” Mr Agarwal said. Anil Agarwal, Chairman, Vedanta “Govt. has taken a bold step towards disinvestment. As the stock market is at an all-time high, the government should make the most of this opportunity to divest selected PSUs which can be turned around by private players.