Vedanta plans to raise ₹8,500 crore, declare ₹11 interim dividend, and set up a copper rod plant in Saudi Arabia.
Vedanta plans to raise ₹8,500 crore for new projects and declares an interim dividend of ₹11 per equity share for FY'25, leading to an outflow of ₹4,089 crore. The company's board of directors approved these proposals and set May 25 as the record date for dividend payment. Vedanta also plans to set up a continuous cast copper rod plant in Saudi Arabia through its subsidiary Vedanta Copper International (VCI).
May 16, 2024
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