Vedanta Ltd announces second interim dividend of ₹4 per share, record date fixed; check details

This is the first time in four years that the company has announced a single-digit dividend. The mining conglomerate had earlier declared a first interim payout of ₹11 per share for FY25.

Shares of Vedanta Ltd. ended the trading session 3.79% higher at ₹447.25 per piece on the NSE on Friday. The stock opened at ₹439, up by 1.8% from the previous close, before gaining further to hit the day's high at ₹448.15. The stock hovered around this level during the session.

Earlier this week, Vedanta Ltd secured two critical mineral blocks in Karnataka and Bihar.

The Union Ministery of Mines has put on sale the Gollarahatti-Mallenahalli Nickel Chromium and PGE Block in Karnataka – at the G4 level of exploration and Genjana Nickel– Chromium and PGE Block in Bihar at the G3 level of exploration.

The exploration of any mineral deposit is divided into four stages starting with a reconnaissance survey (G4). This is followed by preliminary exploration (G3), general exploration (G2) and detailed exploration (G1).

Vedanta Ltd posted growth in production capacity in the quarterly update shared earlier this month. The company's alumina production at the Lanjugarh refinery was up 36% year on year at 539 (kilotonnes). The operation's new capacity backed the spike.

Its mined metal production in Q1FY25 at 263 kt, up 2% YoY. Vedanta’s refined metal production stood at 262 kt, up 1% YoY. However, this number was a 4% slip on a sequential-quarter basis.